Boeing discussing potential multibillion-dollar takeover of jetmaker Embraer

SEATTLE — Boeing is discussing a potential multibillion-dollar takeover of regional jetmaker Embraer of Brazil, the two companies said Thursday. A deal is by no means certain since the Brazilian government would have to approve the sale of a company considered the crown jewel of the country’s manufacturing sector. A successful transaction would be Boeing’s largest… Please follow and like us:

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Europe – Airbus warns of fraud probe damage despite profits leap

European aircraft-builder Airbus announced a leap in profits in the third quarter of 2017 but warned that its financial performance could take a hit from corruption investigations in France and … “The investigations initiated by the UK’s Serious Fraud Office (SFO) and France’s Parquet National Financier (PNF)… could have a material impact on the financial statements,… Please follow and like us:

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Boeing outsells Airbus at Paris Air Show

SEATTLE — On the final business day of the Paris Air Show, Boeing emerged the clear winner over rival Airbus thanks largely to sales of the 737 MAX. The 737 MAX 10 successfully launched in Paris was “clearly the star of the show,” said Boeing vice president for marketing Randy Tinseth, who said additional Boeing widebody… Please follow and like us:

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China and Russia are teaming up to create the next generation of jumbo jet

The C929 will compete with the Boeing 787 and the Airbus A330neo. C929 This is the first official concept art of the new Sino-Russian jumbo jet, which can seat up to 280 passengers. The stretched versions can carry 350 passengers. United Aircraft Corporation China and Russia want to build a jumbo jet similar to those offered… Please follow and like us:

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American Airlines first-quarter profits decline 66 percent

FORT WORTH, Texas — American Airlines said Thursday its first quarter profits dropped 66 percent as the carrier paid significantly more for jet fuel. The Fort Worth-based carrier said net income declined to $234 million as revenues grew 2 percent to $9.6 billion. The company paid $1.70 per gallon of jet fuel, up 40 percent from… Please follow and like us:

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Will Flying Cars Ever Take Off?

“Mark my word,” Henry Ford once said, “a combination airplane and motorcar is coming. You may smile, but it will come.” The pioneer of mass-market automobiles made this prediction in 1940, but despite his own efforts to develop a flying car, he never saw one succeed at scale in his lifetime. Last week, two startups aiming… Please follow and like us:

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