|Bid||4.90 x 0|
|Ask||4.92 x 0|
|Day's range||4.91 - 5.22|
|52-week range||1.96 - 5.58|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||4.24|
FARNBOROUGH, England/SINGAPORE (Reuters) - Japan's Mitsubishi Aircraft Corp, trying to keep its new regional jet on track after series of delays, was forced to cancel a demo flight for the world's aerospace industry on Tuesday after the jet was hit by a truck. The 90-seat MRJ, Japan's great hope for reviving a dormant commercial aviation industry, was launched a decade ago.
Boeing (BA.N) raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions. The world's biggest planemaker predicted 42,700 industry deliveries over the next two decades, up three percent from its estimate of 41,030 a year ago. The U.S. group and European rival Airbus (AIR.PA) continued to rack up deals at the air show in southern England after a brisk opening day on Monday.
Top Boeing Co (BA.N) and Embraer SA (EMBR3.SA) executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory and shareholder approvals while launching Embraer into new markets. "I can't anticipate that anyone will be against this project given the benefits that this will bring to Brazil," Embraer's Paulo Cesar de Souza e Silva told a news briefing at Farnborough Airshow. The two aircraft manufacturers announced last month a $4.75 billion joint venture giving Boeing a controlling stake in Embraer's commercial aircraft arm.
Planemakers racked up more than $20 billion (15.08 billion pounds) of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit. The deal-making came as host Britain tried to convince a sceptical aerospace industry about its plans to leave the European Union, saying supply chains would continue to run smoothly and pledging money for a new fighter jet programme. European jetmaker Airbus (AIR.PA) and U.S. rival Boeing (BA.N) have been enjoying an almost decade-long boom thanks to rising emerging markets growth and a need among Western airlines to upgrade their fleets, and order books are bulging.
Aerospace firms are setting out wares from luxury jets to lethal drones at back-to-back British air shows this week, hoping trade tensions will not deter airlines from buying jetliners even as geopolitical uncertainty allows them to sell more weapons. The quintessentially English atmosphere of the Royal International Air Tattoo, where straw-hatted VIPs watch fighters thunder over picturesque Cotswolds villages, gives way on Monday to the Farnborough Airshow, where the hard-nose business deals in the $800 billion (604.59 billion pounds) aerospace and defence sector will be done. Trade tensions between the United States and both China and Europe, disputes over the consequences of Britain's exit from the European Union and an increase in global protectionist rhetoric have barely dented a prolonged industry boom.
Prime Minister Theresa May will on Monday seek to reassure aviation bosses that her under-fire Brexit plan won't disrupt their supply chains, and promise that the industry will flourish as Britain leaves the European Union. May's words, to be delivered at the Farnborough Airshow south west of London, come at a crunch time for the prime minister as pro-Brexit lawmakers in her party threaten revolt over an EU exit strategy they say leaves Britain subject to Brussels' rule. Airbus (AIR.PA), Europe's biggest planemaker which employs around 15,000 people in Britain, warned earlier this month that if Britain left the EU without a deal - a so-called "hard" Brexit - it could result in production at its factories stopping and aircraft being grounded.
Brazilian planemaker Embraer (EMBR3.SA) is pushing the low maintenance costs and fuel burn of its E2 jet as it battles tougher competition from the rival A220, now backed by Airbus (AIR.PA), executives said on Sunday. "I'm hopeful that we'll be able to present a good showing on Tuesday," John Slattery, President and CEO Embraer Commercial Aviation, told Reuters onboard its E190-E2 jet, looking ahead to possible order announcements at this week's Farnborough air show. Boeing (BA.N) earlier this month struck a deal for a controlling stake in the commercial aircraft arm of Embraer under a new $4.75 billion (3.59 billion pounds) joint venture, coming after Airbus completed a deal to take control of rival Bombardier's (BBDb.TO) Cseries programme.
Siemens and Alstom's plan to create a Franco-German rail champion could reduce competition and lead to higher fares for travellers, EU antitrust regulators said on Friday as they opened a full-scale investigation into the deal. German industrial group Siemens and French rival Alstom announced the planned rail merger in September last year, an industrial boost for French President Emmanuel Macron which, however, has triggered criticism from opposition politicians. Paris said the tie-up would protect jobs but critics fear French loss of control of the iconic TGV high-speed train.
LONDON/PARIS (Reuters) - Britain's government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing, sources familiar with the plans said on Thursday, a move that could stir a growing debate over UK and European defence jobs. The contract to replace its six ageing E-3D Sentry airborne early warning (AWACS) planes with a fleet of Boeing E-7 Wedgetail jets would, if confirmed, be worth over $1 billion (£0.8 billion).
Airbus SE scored a key victory on Tuesday, with U.S. airline JetBlue announcing it would buy 60 of its A220-300 narrowbody jets, the first major order for the planemaker's newly rebranded programme as its battle with rival Boeing Co intensifies. Earlier on Tuesday, Airbus unveiled the new A220 name for the 110-seat to 130-seat model jets, previously called the CSeries under Canadian firm Bombardier, at a ceremony at the planemaker's Toulouse facilities in France. Airbus has taken majority control of the loss-making Montreal-based aircraft programme, with Bombardier and Quebec as minority partners.
Airbus gave its newly acquired Canadian CSeries jet a new name and looked close to winning an inaugural order on Tuesday as it prepares to broaden its battle with Boeing for jet sales. Airbus expects to sell a "double-digit" number of the jets that have 110-130 seats this year and sees demand for at least 3,000 of them over 20 years, said CSeries sales chief David Dufrenois. "I don't think it will be very long before we see the first results on the market," said Airbus Chief Commercial Officer Eric Schulz.
BRUSSELS/FRANKFURT (Reuters) - Siemens and Alstom are set to face a full-scale EU antitrust investigation this week after declining to provide concessions to allay regulatory concerns about their plan to combine their rail operations, two people familiar with the matter said. German industrial group Siemens and French rival Alstom want to create a Franco-German rail champion to compete more effectively with bigger rival CRRC and Canada's Bombardier Transportation. The companies had until July 6 to offer concessions to the European Commission but did not do so.
Global planemakers could reap 900 orders and commitments at next week's Farnborough Airshow, down only slightly from last year's comparable event, as strong oil prices prompt airlines to add to their bulging order books, aviation consultancy IBA Group said. "Airlines have historically placed orders when times are good and cash is strong, much like today," Stuart Hatcher, Chief Operating Officer of UK-based IBA Group, said in a report.
Rail technology leader Bombardier Transportation announced today that it signed a contract for 20 years of rail system maintenance services with an undisclosed customer in Southeast Asia on June 29, 2018. Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. The company also provides complete transport systems, e-mobility technology and maintenance services.
Airbus (AIR.PA) is over the worst on engine delays that have hampered deliveries of its A320neo passenger jet, with the number of semi-finished and undelivered planes beginning to come down, its planemaking chief said on Friday. The European aerospace group has faced a backlog of up to 100 A320neo jets nicknamed 'gliders' - sitting on the ground outside factories without their engines - due to delays in deliveries mainly from U.S.-based Pratt & Whitney (UTX.N). Airbus President Guillaume Faury said this number had now fallen to 86 at the end of June.
SAO PAULO/PARIS (Reuters) - Boeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion (£3.5 billion) joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly. The new company, encompassing Embraer's airliner business, thrusts Boeing into the lower end of the market, giving stiffer competition to the CSeries jets designed by Canada's Bombardier Inc and backed by European rival Airbus SE. The memorandum of understanding signed by Boeing and Embraer values the Brazilians' commercial aircraft operations, the world's third-largest, at $4.75 billion and Boeing's planned 80-percent stake in the venture at $3.8 billion.
** Boeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion joint venture, the firms said, reshaping a global passenger jet duopoly. ** Perry Ellis International Inc recommended shareholders to vote for the buyout offer from the company's founder instead of a higher bid made by men's accessories maker Randa.
MONTREAL (Reuters) - Airbus Chief Executive Tom Enders said on Wednesday he is worried an escalation in a U.S. trade dispute with other countries could trigger retaliation that could impact air traffic. ...
Airbus Chief Executive Tom Enders said on Wednesday he expects to see the first results of the company's new majority stake in Bombardier's CSeries jetliner programme within weeks, around the time of the Farnborough Air Show later this month. "I'm convinced we'll see first results already in the next couple of weeks," Enders told employees at a CSeries plane factory near Montreal. Asked later about CSeries orders, Enders told reporters there might be something to see in time for the industry's flagship event, the Farnborough Air Show, which begins on July 16.
The leading rail technology provider, Bombardier Transportation and the Austrian Federal Railways (ÖBB) signed a call-off order for the delivery of 25 BOMBARDIER TALENT 3 trains on June 29, 2018. Of the 25 new six-car electric multiple units, 19 vehicles will be used in Tyrol.
ATR, the world's largest maker of turboprops, estimated on Monday a surge in business in its sector over the next 20 years that could result in demand for 3,000 new turboprops valued at more than $80 billion (60.73 billion pounds). ATR, whose main rival is Canadian group Bombardier (BBDb.TO), added that 30 percent of regional traffic by 2037 would come from routes which do not yet exist, while the cargo market would also contribute to rising demand for turboprops. "This comes from both traditional markets where less connected locations are being connected with direct regional new routes, as well as from emerging markets where the most viable solution for connecting people and transporting goods is turboprop air links," added the company.
MONTREAL, July 01, 2018 (GLOBE NEWSWIRE) -- The closing of the previously announced C Series transaction between Airbus SAS, a wholly-owned subsidiary of Airbus SE (EPA:AIR), Bombardier Inc. (TSX:BBD.B) ...
China's regional jet market is struggling to get off the ground as Beijing slows approvals for new airlines, industry executives say, dashing hopes that recent policy changes would drive aircraft sales. Foreign companies such as Bombardier Inc (BBDb.TO), Embraer SA (EMBR3.A) and ATR had cheered a 2016 policy that required passenger carriers to operate at least 25 city-hopper jets before graduating to bigger aircraft. It appeared to all but assure sales of such small planes in the world's fastest-growing aircraft market, currently dominated by wide-body jets, as the regulator tried to boost flights into China's smaller cities.
SEOUL (Reuters) - South Korea's military picked Boeing Co (BA.N) to supply the country's maritime patrol aircraft in a contract worth around 1.9 trillion won ($1.71 billion), a senior executive at Boeing ...
Bombardier Inc (BBDb.TO) and its Canadian workers who assemble turboprops and the company's new top-of-the-line business jet have reached a new labour agreement, averting a potential strike, the company said on Sunday. Bombardier and Unifor, the union representing more than 2,100 production and office workers, had reached a tentative deal just hours the strike deadline on Saturday. Unifor had previously said its members were looking for a three-year contract with greater job security on the company's strong-selling Global 7500 business jet, among other demands.