Business News

Brazil’s Embraer sees demand for 10,550 smaller jets in next 20 years

(Reuters) – Brazil’s Embraer (EMBR3.SA) sees demand for 10,550 new aircraft with a capacity of up to 150 seats in the next 20 years, worth around $600 billion, the planemaker said on Sunday. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File photo In a statement from the Farnborough A...

16 Jul 2:49 AM 0 Read More...

UK PM May promises to protect planemakers’ supply chains in Brexit

LONDON (Reuters) – 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. Britain’s Prime Minister, Theresa May, appears on the BBC’s Andrew Marr Show in London, Britain July 15, 2018. Jeff Overs/BBC Handout via REUTERS – ATTENTION EDI...

16 Jul 2:49 AM 0 Read More...

Brazil's Embraer sees demand for 10,550 smaller jets in next 20 years

(Reuters) - Brazil’s Embraer (EMBR3.SA) sees demand for 10,550 new aircraft with a capacity of up to 150 seats in the next 20 years, worth around $600 billion, the planemaker said on Sunday. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File photoIn a statement from the Farnborough Airshow, Emb...

15 Jul 11:24 PM 0 Read More...

UK PM May promises to protect planemakers' supply chains in Brexit

LONDON (Reuters) - 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. Britain's Prime Minister, Theresa May, appears on the BBC's Andrew Marr Show in London, Britain July 15, 2018. Jeff Overs/BBC Handout via REUTERS - ATTENTION EDITORS - THIS I...

15 Jul 11:24 PM 0 Read More...

Thyssen and Kone owners held merger talks on elevator ops: paper

FRANKFURT (Reuters) - Large shareholders of Thyssenkrupp (TKAG.DE) and Kone (KNEBV.HE) have held talks on a potential merger of the elevator businesses of the two companies, according to a German daily. FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File PhotoHandelsblatt reported on Sunday that the Alfried Krupp foundation, wh...

15 Jul 11:24 PM 0 Read More...

Boeing concerned about tariff talk, but no business impact yet

LONDON (Reuters) - Boeing Co (BA.N) is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday. FILE PHOTO: President, Chairman and CEO of The Boeing Company Dennis Muilenburg speaks at the "What's Next?" conference in Chicago, Illinois, U.S., October...

15 Jul 6:24 PM 0 Read More...

Rolls-Royce plans for take-off in flying taxi market

FARNBOROUGH, England (Reuters) - British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. FILE PHOTO: PR agent Elsa Goette sits in a Rolls-Royce engine of an Airbus A350-900 of Ethiopian Airlines during a site-inspection at Fraport airport in Frankfurt, Germany,...

15 Jul 1:21 PM 0 Read More...

Planemakers plot course through trade, Brexit worries to air show deals

FARNBOROUGH, England (Reuters) - 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. FILE PHOTO: An Airbus A350 aircraft flies in formation with Britain's Red Arrows flying display team at the Farnborough International A...

15 Jul 1:21 PM 0 Read More...

Airbus in talks for new Viva Aerobus jet order: sources

FARNBOROUGH, England (Reuters) - Europe’s Airbus (AIR.PA) is in talks with Viva Aerobus for a repeat order of up to 40 of its A320neo-family jets, industry sources said on Sunday. FILE PHOTO: A Viva Aerobus Airbus A320-200 aircraft prepares to land at Benito Juarez International Airport in Mexico City, Mexico January 10, 2018. Picture taken January 10, 2018. REUTERS/Daniel BecerrilThe Mexican budget carrier has ord...

15 Jul 1:21 PM 0 Read More...

U.S. oil boom delivers surprise for traders – and it’s costly

LONDON/NEW YORK (Reuters) – The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as surging U.S production upends the market. FILE PHOTO: A pump jack is seen at sunset near Midland, Texas, U.S., on May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder/File Photo Trading desks o...

15 Jul 11:39 AM 0 Read More...