Business / Corporate Apr 28, 2020
Embraer takes Boeing to arbitration over failed deal as Brazil eyes China tie-up
The U.S. plane maker abruptly canceled a ¥451 billion deal this weekend that had been years in the making.
Business Feb 12, 2020
Mitsubishi Aircraft has 'hundreds' of airline commitments for SpaceJet M100, exec says
Japan's Mitsubishi Aircraft Corp. has unannounced commitments from customers to buy hundreds of its SpaceJet M100 regional jets, but its first focus is on certifying its larger introductory model, the M90, a senior executive said on Tuesday. The company's biggest shareholder, Mitsubishi Heavy Industries, last ...
Business / Corporate Dec 25, 2019
New Boeing CEO David Calhoun is hardened corporate crisis manager
Beleaguered Boeing Co. is putting its future in the hands of a turnaround veteran who has led several companies in crisis, cut his teeth at engine maker General Electric Co. and has spent a decade on the board of the world's largest plane-maker. Newly appointed ...
Business Oct 16, 2019
New Pratt & Whitney engine checks ordered after Swiss A220 diverts to Paris, fleet gets grounded
Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet. French air accident investigators classified the problem ...
Business Nov 5, 2018
Economic slump, trade war, spy claims cloud horizon for China's top airshow
Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China's largest aerospace meeting this week, as suppliers consider what the country's slowing economy could mean for booming jet demand. The biennial Airshow China, to be held ...
Business Jul 18, 2018
After delays, truck collision does little to help Mitsubishi's MRJ in dogfight with aviation giants
Mitsubishi Aircraft Corp., trying to keep its new regional jet on track after a series of delays, was forced to cancel a demo flight for the world's aerospace industry Tuesday after the jet was hit by a truck. The collision, which follows the jet's debut ...
Business Jul 16, 2018
Plane makers plot course through trade, Brexit worries to air show deals
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 ...
Business Dec 22, 2017
Plane makers Boeing Co. and Embraer SA are discussing a "potential combination of their businesses," the companies said on Thursday, in a move that could consolidate a global passenger jet duopoly. Embraer's shares soared around 30 percent in Sao Paulo on the joint statement released ...