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Bombardier jets hit with 220 percent US duty

Bloomberg ­­­­­­­­­­­­­­­ Bombardier Inc.’s all-new jetliner, which cost at least $6 billion to develop, just got harder to sell in the world’s largest aviation market. The US Commerce Department slapped import duties of 220 percent on the C Series plane, citing improper subsidies after a complaint by Boeing Co. The preliminary determination threatens to upend Bombardier’s planned deliveries next year ...

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Hong Kong airport needs $8.8bn debt for 3rd runway

Bloomberg Construction workers have already started the work towards filling in part of the South China Sea to make room for Hong Kong airport’s third runway. The project is also set to make bankers busy. The Airport Authority Hong Kong needs to raise $8.8 billion to fund the runway, and should consider selling bonds and tapping the loan market, according ...

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EasyJet, US startup to develop electric plane

Bloomberg EasyJet Plc is working with a US engineering startup to develop a fully electric commercial plane within a decade, the low-cost British airline said on Wednesday. Founded last year by a team of engineers and battery chemists, US-based Wright Electric is setting its sights on designing an aircraft that can fly 335 miles. That would cover 20 percent of ...

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