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Brazilian planemaker Embraer SA on Tuesday said Airbus taking a majority stake in Bombardier Inc's CSeries jetliner program underscores huge opportunities in the 100-150-seat airliner market. The deal ...
JAMESTOWN, St. Helena, Oct (Shenzhen: 000069.SZ - news) 16 (Reuters) - On St. Helena, the remote volcanic outcrop in the South Atlantic where Napoleon breathed his last, big changes are afoot - well, big by St. Helena standards. Saints, as locals are known, only got mobile phones and the Internet 18 months ago, supplementing the five-day boat trip to Cape Town that represented their only connection with the outside world. Now (Frankfurt: 11N.F - news) , there is a weekly flight from Johannesburg - via Namibia's Windhoek - to the spectacular St. Helena airport, perched precariously on the edge of a cliff.
LONDON, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - Royal Jordanian Airlines expects to make an operating profit this year as it pushes ahead with a turnaround plan, its chief executive told Reuters on Friday. "I am pretty confident that after the first five months of this year, which were not very good, that we are going to have an operating profit in this year," Stefan Pichler, who took over as CEO in June, said on the sidelines of the CAPA global summit in London. Pichler said the board had approved the turnaround plan last week and Royal Jordanian would now work on a fleet plan.
NEW DELHI, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - Bombardier Inc (Toronto: BBD-A.TO - news) is betting on fast-growing markets like India to boost sales of its Q400 and CSeries narrow-body planes, a senior executive said on Thursday, at a time when the Canadian planemaker faces a trade row over sales to the United States. "The company is very focused on expanding into Asia, as we see Asia, and India for sure, as the growth engines of the sector," said Francois Cognard, head of Asia Pacific sales at Bombardier, adding this would be its focus region irrespective of how a heated trade spat with larger rival Boeing Co (NYSE: BA - news) pans out. Cognard said he saw India's regional connectivity scheme as "well designed" and likely to boost demand for its aircraft in the country.
The head of MBDA expects Italian defence contractor Leonardo to remain a shareholder in the European missiles maker, signalling a potential asset swap between its owners is off the table. The maker of Meteor air-to-air weapons and the Storm Shadow/SCALP cruise missile is owned by France's Airbus and Britain's BAE Systems (LSE: BA.L - news) , which both have a 37.5 percent stake, and by Leonardo with 25 percent. In recent years, Leonardo pondered taking greater control of civil turboprop maker ATR, which it co-owns with Airbus, while Airbus expressed interest in buying out Leonardo at MBDA, prompting periodic discussions over a possible swap.
British Prime Minister Theresa May has asked President Donald Trump to intervene in a dispute between Boeing Co and Canadian rival Bombardier (Swiss: BBDB.SW - news) to help secure thousands of jobs in Northern Ireland. British ministers have also approached Boeing directly in an attempt to get the world's largest aerospace company to drop its challenge against Bombardier, which could endanger a factory that employs 4,500 people in the British province.
Brazilian aircraft manufacturer Embraer's mid-sized Executive Jet Legacy 500 is exhibited during the first edition of the International Brazil Air Show at Tom Jobim International Airport in Rio de Janeiro ...
Under WTO rules, if Canada and Brazil are unable to reach agreement over subsidies in the next 60 days, the complaining party -- Brazil -- may request adjudication
MILAN/PARIS, Jan 9 (Reuters) - Alitalia (Stuttgart: 2278962.SG - news) and its shareholders presented their latest business plan to Italy's government on Monday, paving the way for crunch talks with unions over up to 2,000 job cuts that could decide the future of the struggling carrier. "The government has asked Alitalia to present a detailed industrial plan in the next weeks, shared by shareholders, banks and creditor institutions," Rome's industry ministry said in a statement after hosting the meeting. It was joined for Monday's talks by investors, including 49-percent shareholder Etihad, which was represented by CEO James Hogan, also vice-chairman of Alitalia.
The government's foreign trade body authorized the opening of the case, claiming that "support given by the Canadian government to Bombardier has affected competitiveness in the market"