Category: Aerospace

Aerospace

Russian airlines surviving sanctions – Bloomberg

Sanctions on Russia’s aviation sector have resulted in a slight drop in flights, but the West is banned from Russian skies.

Boeing ordered to be arraigned on charge in Max Jet crashes

A federal judge has ordered Boeing Co to be arraigned on a felony charge stemming from crashes of two 737 Max jets, a ruling that threatens to unravel an agreement Boeing negotiated to avoid prosecution. The ruling by a judge in Texas came after relatives of some of the victims said the government violated their rights by reaching a settlement with Boeing without first notifying the families. U.S. District Court Judge Reed O’Connor ordered Boeing to send a representative to…

Airbus to pay $16 million fine to end French corruption probe (bribery involving Libya and Kazakhstan sales)

French financial prosecutors say a Paris court has approved an agreement with Airbus that will see the plane maker pay a 15.8-million-euro ($16.3 million) fine A Paris court on Wednesday approved an agreement under which Airbus will pay a 15.8-million-euro ($16.3 million) fine to end a corruption probe focusing on sales to Libya and Kazakhstan over a decade ago, French financial prosecutors said. The agreement comes as an extension to a previous deal in 2020 that led Airbus to pay…

United States warrant for seizure of airplane of sanctioned Russian oligarch Andrei Skoch

Aug 8, 2022. The United States of America has been authorized to seize an Airbus A319-100 (the Airbus) owned and controlled by sanctioned Russian oligarch Andrei Skoch, pursuant to a seizure warrant from the U.S. District Court for the Southern District of New York, which found that the airplane is subject to seizure and forfeiture based on probable cause of violation of the federal anti-money laundering laws. According to the seizure warrant and affidavit sworn out today: Pursuant to the…

US blocking sanctions now target the aerospace, electronics and marine sections of the Russian econo

  On March 31, 2022, the US expanded the focus of US-Russia related sanctions to include the aerospace, electronics and marine sectors of the Russian economy. Since the onset of the Russian-Ukraine conflict, the US has designated over 700 individuals and entities (persons) as Specially Designated Nationals (SDNs). As the assets of such SDNs – and entities they owned 50% or more – that are in the US or within the possession or control of US persons are blocked, such…

Canada to acquire Swedish-made anti-aircraft system to protect troops in Latvia

Canadian troops in Latvia will soon be protected by a $227 million Swedish-designed short-range anti-aircraft system, Defence Minister Bill Blair announced Thursday in Brussels as NATO allies met to assess both the war in Ukraine and perceived threatening moves by Russia. The Canadian Army has been without a dedicated air defence to protect ground troops from attack helicopters and fast-moving jets for more than a dozen years. The Liberal government last year ordered a new system be purchased on an…