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Undelivered Airbus jets jam parking, hurt cash flow

  Paris / REUTERS A growing backlog of undelivered Airbus passenger jets, stranded outside their factories due to supplier problems, is putting pressure on the planemaker’s cash generation for the start of the year, industry sources and analysts said. After a slow first quarter in deliveries, parking space at Toulouse airport in France, and at Hamburg in Germany, is increasingly ...

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Indonesia’s Garuda in 4bn Airbus A330 order

  Paris / AFP Airbus said that Indonesian carrier Garuda had signed a firm purchase order for 14 of its new generation wide-bodied A330-900neo airliner for $4 billion. The deal, sealed in London for the re-engined version of Airbus’ popular A330 airliner, is designed to bolster Garuda’s expansion. Airbus said the order, for delivery from 2019, replaces and extends an ...

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Serbian communist-era firms ‘hang in the balance’

  Priboj / AFP Deep in a western Serbian valley, the town of Priboj despairs at the decline of a truck factory that was once its lifeblood — and is now symbolic of the country’s failing state-owned companies. A thriving manufacturer employing thousands under communist Yugoslavia, Fabrika automobila Priboj (FAP) is today one of Serbia’s loss-making enterprises whose future hangs in ...

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