Boost for Boeing as BA owner backs grounded 737 MAX jet

LE BOURGET, France (Reuters) – Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX aircraft that have been grounded since March after two deadly crashes. The deal, worth more than $24 billion at list prices, came as European rival […]

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Airbus launches new A321 jet, Boeing apologizes for MAX crisis

LE BOURGET, France (Reuters) – Airbus launched a long-range version of its A321neo jet at the Paris Airshow on Monday, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet. The European planemaker will announce close to 200 orders for the new model – the […]

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Planemakers race for wide-body orders in Asia showdown

(Reuters) – Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks toward next week’s Paris Airshow, industry sources said. The contests include a fight for business at Philippines budget airline Cebu Air as Airbus seeks a new foothold for its slow-selling A330neo airliner in the face of competition from Boeing’s 787 […]

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GE and Rolls Royce finalists for Chinese-Russian CR929 jet engine, designer says

ZHUHAI, China (Reuters) – General Electric (GE.N) and Rolls Royce (RR.L) are the two finalists to supply engines for a new long-haul jet developed by a Russian-Chinese joint venture that aims eventually to switch to a Sino-Russian engine, a chief designer of the aircraft said. Russia’s United Aircraft Corporation and the Commercial Aircraft Corp of China Ltd kickstarted full-scale development […]

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Boeing dominates, beats Airbus in orders at Farnborough Airshow

Boeing raises its full-year outlook FBN’s Nicole Petallides on Boeing’s first-quarter results. Boeing continues to dominate the world’s aerospace market, with the U.S. plane maker announcing it outsold Airbus at the 2018 Farnborough Airshow in England. Continue Reading Below Chicago-based Boeing won 528 orders and commitments at the event, while Airbus tallied 431, or 371 when subtracting 60 Bombardier CSeries […]

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Rolls-Royce, frustrated at Brexit process, says stockpiling of…

FARNBOROUGH, England (Reuters) – Rolls-Royce could start stockpiling parts in months if it looked like Britain was heading towards a disorderly exit from the European Union, the CEO of the UK engine-maker said, expressing frustration with the lack of clarity on the Brexit process. Britain is due to leave the EU in less than nine months, but there is little […]

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Eurofighter eyes ‘hundreds’ of additional sales

FARNBOROUGH, England (Reuters) – The sales chief of Eurofighter said he was confident the four-country consortium could sell “several hundred” more aircraft in coming years, given rising military spending and ongoing competitions. “I’m really confident that we could see several hundred more sales,” Peter Maute told Reuters after a Eurofighter news conference at the Farnborough Airshow. Eurofighter Jagdflugzeug GmbH CEO […]

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U.S. State Department in talks with Turkey to sell Patriot system

FARNBOROUGH, Britain (Reuters) – The U.S. State Department on Monday said it was working with NATO ally Turkey on the possible sale of a Raytheon Co Patriot missile defense system to avert its purchase of a Russian-made S-400 system. FILE PHOTO: U.S. soldiers stand beside a U.S. Patriot missile system at a Turkish military base in Gaziantep, southeastern Turkey, October […]

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