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Surging air tanker costs hit Boeing earnings

  NEW YORK /AFP More unexpected costs in its huge refueling tanker program for the US Air Force and slower commercial aircraft deliveries dented Boeing’s first-quarter earnings, the company reported. Boeing took a $156 million charge for unanticipated costs in the KC-46 programme, pushing earnings for the quarter ending on March 31 down 8.8 percent from a year ago to ...

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Vietnam Air shares to start trading after ANA deal

  Bloomberg Vietnam Airlines Corp., which sold shares in an initial public offering 17 months ago, expects to get them listed “some time later this year” after closing a deal with ANA Holdings Inc., Chief Executive Officer Pham Ngoc Minh said. The shares of the state-owned carrier may start trading on the Ho Chi Minh City Stock Exchange, Minh said ...

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Florida’s first sustainable town buzzes with construction boom

  Punta Gorda, United States / AFP With deep pockets and an environmentalist’s zeal, retired American football player Syd Kitson dreamed up a plan to build the United States’ first solar-powered town on a vast swath of rural land in southwest Florida. Now, nearly a decade after he first purchased the 91,000 acres (37,000 hectares) known as Babcock Ranch, construction is ...

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