Eleven years ago, Ryanair CEO Michael O'Leary famously predicted that one day most or all of the airline's fares would drop to zero because the low-cost carrier would be raking in so much ancillary revenue from other flight and non-flight products and services.

Even as the congressional clock ticks away, a bill to prevent U.S. airlines from paying the EU for carbon emissions may yet receive attention. The Senate Commerce, Science and Transportation Committee is expected to mark up the bill aimed at blocking the EU's emissions trading system (ETS) on July 31. “If we could get a good, strong vote out of the committee, it would increase the likelihood we could get it voted on the floor,” says bill co-sponsor Sen.

If industry officials were right, a common travel experience at European airports may soon have looked like this: Very long queues—in the worst cases, five times as long as the current average—slow security checks, confusion about what passengers are allowed to bring on board and what is forbidden. And spending up to €50 million ($62 million) per terminal would have been required to facilitate upgrades.

Russia tries to shore up its position in the Indian defense market

SkyWest’s selection of MRJ jets stings Embraer, Bombardier.

It seems inconceivable that a small device with no movable parts—and roots back to the 18th century

The delegation of U.S. politicians at the Farnborough International Airshow was so large they could scarcely fit on the same stage. “Don't push me over the edge, Cornyn,” Sen. Barbara Mikulski (D-Md.) quipped to fellow Sen. John Cornyn (R-Texas) at an event marking the start of the week-long gathering.

Budget and political decisions made in Berlin, Brussels and Washington will help shape the global aerospace industry. So it was not surprising that an undercurrent of anxiety ran through the recent Farnborough air show (see p. 43). Uncertainty from a financial crisis in Europe, potentially hefty cuts to U.S. defense spending, and slower economic growth in Asia and Latin America have put buyers and suppliers on edge.