Aims for two per cent improvement in fuel efficiency every year until 2020.
Firm will instead commence on expansion worth tens of millions of dollars.
The unmanned aerial vehicle can be equipped with a wide range of instrumentation for conducting science and environmental missions.
CAE’s fourth-quarter profit rose to $53.2 million as it got higher revenue from its core civil and military operations
Canadian tour operator Transat A.T. is selling its Handlex airport services unit to Servisair Holding Canada Inc. for an undisclosed sum.
Analysts say massive debt load, not sluggish market, drove plane maker to chapter eleven
The frustrated employees of insolvent aircraft maintenance company Aveos denounced both Air Canada and the federal government for letting their former employer die.
Lawyers said the company must make painful cuts in labour costs to survive in an increasingly competitive industry.
Quebec Justice Minister says airline is contravening the words and spirit of 1988 privatization law that bears its name
Contracts include upgrades to Canada’s CC-130 Hercules airplane and CH-146 helicopter simulators