Pratt & Whitney

Airline tickets during the peak summer months in Europe are likely to increase in price again this year by up to 10%, according to Ryanair, due to issues with Boeing and Airbus planes.

In a move aimed at enhancing operational capacity and embracing sustainability, Cyprus Airways acquired two state-of-the-art Airbus 220s in July. These aircraft are set to debut on the 2024 summer routes, connecting popular Greek island destinations like Rhodes, Skiathos, Santorini and Iraklio on Crete, and Preveza on the mainland.

Commercial airlines have faced a tricky balancing act this summer, ramping up service to meet torrid travel demand in a period of labor shortages and supply chain constraints.

Adding to the challenges: new inspections needed on a class of Airbus planes that may suffer from microscopic "contamination" of metals used to manufacture Pratt & Whitney engines.

The runway that the mysterious object sits on is owned by aerospace company Pratt & Whitney who have a “foothold in designing aircraft engines”

Boeing called for the grounding of 128 of its 777 planes around the world on Feb. 21 as U.S. regulators investigated a United Airlines flight whose engine caught fire and fell apart over a suburban American city.

Airbus tentatively aims to deliver as many as 80 A350 jetliners in 2017, two people familiar with the plans said on Nov. 25.

The target marks a new stage in ambitious plans to raise output of the company's newest long-haul jet to 10 a month in 2018, but depends mainly on how successful suppliers will be in curbing delays in cabin equipment.

Lockheed Martin Corp and the Pentagon missed their end-of-March target for reaching agreement on $15 billion in new F-35 fighter jets, but should complete work on the contracts in April, according to sources familiar with the matter.

"We're closer now than we were at the beginning of the month," said one of the sources, who was not authorized to speak publicly.

Lockheed Martin Corp met its goal of delivering 45 F-35 fighter jets to the U.S. government and key allies in 2015, a 25 percent increase from 2014 that brought the number of jets delivered to 154, the Pentagon said on Dec. 21.

Turkey is setting its sights on the ambitious target of producing its own local fighter jet to become "fully independent" in its ground, naval and air defense, National Defense Minister İsmet Yılmaz has said.

The Pentagon on Dec. 12 said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there.