Bloomberg Airbus Group NV reported a 23 percent drop in first-quarter profit as its two newest jets suffer delivery delays, and said fresh problems with the troubled A400M transport plane could hurt future earnings. A ramp up in production of the A320Neo will be delayed until the second half as Pratt & Whitney works to fix an engine glitch, Airbus ...

  Berlin / AFP Germany’s Lufthansa has postponed until September a decision on the acquisition of Brussels Airlines following last month’s deadly attacks on the Belgian capital, the airline said. The delay would allow the Belgian carrier to resume flights in the wake of the suicide bombings that targeted Brussels airport and a metro station, leaving 32 people dead, Lufthansa ...

  Reuters Qatar Airways increased pressure on Europe’s Airbus over aircraft reliability, saying it had some “issues” with the A350 passenger jet, barely a year after it entered service. “We have some issues with the A350, which was expected because it’s a new programme. However, we feel that Airbus is losing steam in resolving these problems with the A350,” chief ...

  Bloomberg BHS owner Dominic Chappell said he will seek to regain control of the struggling UK retailer that’s now in administration amid efforts to rescue the business and save 11,000 jobs. Chappell, whose Retail Acquisitions acquired BHS for a pound last year from billionaire Philip Green, is working with a group of potential purchasers and is likely to submit ...

  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 ...

  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 ...

  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 ...

  Mexico City / AFP Martin Vazquez glides silently through the pandemonium of rush hour in Mexico City, drives his sky-blue scooter up to a charging station and plugs it in. When Vazquez, a 28-year-old professional, moved to the Mexican capital a year ago, he drove here by car. But the city’s notorious traffic soon convinced him to sell it and ...

  Dubai / Emirates Business “More and more people in the UAE are seeking long-term and prescription-free relief from migraines,” said Deyuan Wei, founder of TongRenTang (TRT) Gulf. According to Deyuan, this is an issue that seems to be taking a toll on the stressful life of modern times, specifically adding, “we have been receiving an increasing number of patients ...

  DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched the ‘Dubai 3D Printing Strategy’, a unique global initiative that aims to exploit technology for the service of humanity and promote the status of the UAE and Dubai as a leading hub of 3D printing technology by the ...