Bloomberg Worsening tensions between Boeing Co. and the Federal Aviation Administration (FAA) threaten new delays in the return of the 737 Max. But even after regulators sign off, airlines will still have weeks of work before passengers fly on the beleaguered plane. Southwest Airlines Co. is anticipating a month or more of preparations after the Max wins approval to fly …
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Boeing skips bid on $85 billion ICBM
Bloomberg Boeing Co. said it won’t compete for the Pentagon’s program to develop and procure the next-generation intercontinental ballistic missile, (ICBM) leaving Northrop Grumman Corp. as the sole bidder for a project valued at almost $85 billion. The announcement final Boeing’s previous indications that it wouldn’t bid on the program to replace aging Minuteman III ICBMs because it views the …
Read More »Boeing CEO chastised by FAA as tensions risk 737 Max delay
Bloomberg The US’s top aviation regulator took Boeing Co.’s chief to the woodshed in a sign that relations between the two sides have deteriorated and further delays in the return to service of the planemaker’s best-selling jet are likely. In an unusual public admonishment, Federal Aviation Administration head Steve Dickson presented Boeing Chief Executive Officer Dennis Muilenburg and Executive Vice …
Read More »EHang ends trading debut down a penny
Bloomberg EHang Holdings Ltd., one of several companies seeking to commercialise autonomous taxi aircraft, closed its first day of trading in the US with its shares down one cent from their price in its US initial public offering. The Guangzhou, China-based company raised $40 million, pricing 3.2 million American depositary shares at the bottom of its marketed range of $12.50 …
Read More »â€˜Hydraulic issue’ forces turnaround of Qantas flight
Bloomberg A Qantas Airways Ltd. flight was evacuated early Sunday after the plane turned back shortly after takeoff because of an hydraulic issue. Flight QF575, which departed Sydney for Perth at 8:25 am local time, returned to make a non-emergency landing, the airline said in a statement on its website. “Once back at the gate, the captain made the decision …
Read More »World’s longest flight will fly on Airbus planes, not Boeing
Bloomberg Qantas Airways Ltd. picked Airbus SE to provide ultra-long-range planes for planned direct services that will stretch halfway round the world, a blow to Boeing Co. after a two-year competition to land the deal. The Australian airline chose the A350-1000 over Boeing’s 777X for proposed services connecting Sydney with New York and London. Qantas is preparing an order for …
Read More »Sial Middle East sees $2b in deals
Abu Dhabi / WAM Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, Chairman of Abu Dhabi Agriculture and Food Safety Authority (Adafsa), the 10th anniversary edition of Sial Middle East, one of the largest food, beverage and hospitality events in the region, and the fifth edition of Abu Dhabi …
Read More »US, China reach ‘phase-one’ deal
Bloomberg The US and China agreed to the first phase of a broader trade agreement that will see the US reduce tariffs, and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China increasing purchases of American farm goods such as soybeans, and making new commitments on intellectual …
Read More »Modi risks losing focus on India’s ailing economy as protests build
Bloomberg A new law on Indian citizenship is threatening to pull Prime Minister Narendra Modi’s focus away from a flagging economy as protests and criticism builds against the divisive plan. The government was forced to call in the army to quell protests in some parts of the country after the parliament passed legislation that will prevent undocumented Muslim migrants from …
Read More »Oil climbs to level last seen after Saudi attacks in Sept
Bloomberg Oil settled above $60 a barrel for the first time since missile strikes on Saudi Arabia sparked a record price surge three months ago. Futures closed 1.5% higher in New York, buoyed by a partial truce in the US-China trade war that has imperiled demand all year. “The market has just priced in this outcome to a certain extent …
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