Boeing scores no January orders for first time since 1962

Business Feb 12, 2020

Boeing scores no January orders for first time since 1962

Boeing Co. booked no new orders for airplanes last month, the first time it has come up empty-handed in January since 1962, as the U.S. plane-maker's once best-selling jet, the 737 Max, remained grounded following two fatal crashes. The airplane maker, struggling with a crisis ...

Coronavirus clips wings of Asia's biggest air show

Business Feb 11, 2020

Coronavirus clips wings of Asia's biggest air show

Asia's biggest air show opens in Singapore Tuesday under the shadow of a deadly coronavirus outbreak that has prompted dozens of companies to withdraw and threatens to hammer the aviation industry. The biennial Singapore Airshow attracts hundreds of global aerospace firms and airlines to the ...

Airbus in talks to buy out Bombardier stake in A220 program

Business Feb 10, 2020

Airbus in talks to buy out Bombardier stake in A220 program

Airbus SE is in talks to buy out Bombardier Inc.'s stake in the A220 jetliner program, according to people familiar with the matter. The negotiations between the companies are at an advanced stage, said the people, who asked not to be identified because the talks ...

Sri Lanka to probe aircraft deal after Airbus corruption settlement

Business Feb 3, 2020

Sri Lanka to probe aircraft deal after Airbus corruption settlement

Sri Lanka's president ordered a fresh investigation Sunday into a multi-billion dollar aircraft purchase involving the island's loss-making national carrier, days after Airbus settled corruption probes in Europe and the U.S. A French court on Friday approved a deal allowing Airbus to pay €3.6 billion ...

Air Senegal nears tentative $730 million deal for Airbus A220s

Business Nov 18, 2019

Air Senegal nears tentative $730 million deal for Airbus A220s

Air Senegal is close to securing a preliminary order for eight Airbus SE A220-300 narrow-body jets, valued at about $732 million at list prices, according to people familiar with the matter. The so-called memorandum of understanding would be subject to a final contract, the people ...