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February 19, 2020
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Aerospace / Defense (Legacy)

Reuters - Business

Airbus defense division plans to cut more than 2,300 jobs

Reuters
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau/File Photo (Reuters) – The defense business of Airbus (AIR.PA) on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market......
Reuters - Business

S&P 500, Nasdaq scale new highs on China stimulus hopes, drop in new virus cases

Reuters
(Reuters) – The S&P 500 and the Nasdaq hit fresh highs on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New......
Reuters - Business

Boeing heads to court amid fight over release of 737 MAX documents

Reuters
CHICAGO (Reuters) – Boeing Co (BA.N) heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters. The Boeing logo is displayed on a screen, at the New York Stock Exchange......
Reuters - Business

Kuwaiti parliament to investigate Airbus aircraft orders

Reuters
FILE PHOTO: Logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo DUBAI (Reuters) – Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s (AIR.PA) aircraft orders from the Gulf Arab......
Reuters - Business

Boeing finds debris in 737 MAX jetliners: company memo

Reuters
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid SEATTLE (Reuters) – Boeing Co (BA.N) found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that......
Reuters - Business

Trump blasts proposed U.S. restrictions on sale of jet parts to China

Reuters
WASHINGTON (Reuters) – President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China’s aviation industry and suggested he had instructed his administration not to implement them. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump......
Reuters - Business

Trump blasts proposed restrictions on selling U.S. jet parts to China

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday blasted proposals that could restrict U.S. companies’ ability to supply jet engines and other components to China’s aviation industry and said he had instructed his administration to prevent such moves. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald......
Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Reuters - Business

Alstom shares fall after its $6.7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – Alstom (ALSO.PA) shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier (BBDb.TO) for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions. FILE PHOTO: A logo of Alstom is seen......
Reuters - Business

Timeline: Bombardier’s journey from Ski-Doo maker to business jet maker

Reuters
(Reuters) – Alstom SA on Monday agreed to buy Bombardier Inc’s train business for up to 6.2 billion euros ($6.7 billion), days after Airbus SE agreed to buy out Bombardier’s remaining stake in the A220 passenger jet program, helping the company improve its financial position. FILE PHOTO: The 100th Bombardier......
Reuters - Business

French government to ensure Alstom-Bombardier deal creates value: minister

Reuters
PARIS (Reuters) – The French government will make sure the acquisition of Bombardier’s train business by Alstom creates value for the European rail industry and the staff of both companies, Finance Minister Bruno Le Maire said on Monday. Le Maire also said in a statement that the planned deal will......
Reuters - Business

Exclusive: Italian government leaning towards third term for Eni CEO – sources

Reuters
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters. FILE PHOTO: Claudio Descalzi, CEO of Italian energy company......
Reuters - Business

Alstom confirms talks underway to buy Bombardier Transportation

Reuters
FILE PHOTO: A logo of Alstom is seen at the Alstom’s plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – French transport infrastructure company Alstom (ALSO.PA) said on Monday it was in talks over a possible acquisition of the train business of Canadian company......
Reuters - Business

Alstom nears deal to buy Bombardier’s train unit: source

Reuters
FILE PHOTO: A logo of Alstom is seen at the Alstom’s plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau (Reuters) – France’s Alstom SA (ALSO.PA) is close to clinching a deal to buy Bombardier Inc’s (BBDb.TO) train business which will give the unit an enterprise value of......
Reuters - Business

U.S. weighs blocking GE engine sales for China’s new airplane: sources

Reuters
(Reuters) – The U.S. government is considering whether to stop General Electric Co (GE.N) from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China’s efforts to enter the civil aviation market. FILE PHOTO: A traffic light is seen......
Reuters - Business

Airbus defense division to start talks on job cuts

Reuters
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo MUNICH (Reuters) – The head of the defense business of Airbus (AIR.PA) said he would start talks with labor representatives next week on job cuts, as the German-based group......
Reuters - Business

Airbus regrets U.S. tariffs, hopes for change when WTO authorizes EU retaliation

Reuters
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau/File Photo GLOBAL BUSINESS WEEK AHEAD PARIS (Reuters) – European aerospace group Airbus (AIR.PA) said on Saturday it deeply regretted the U.S. decision to increase tariffs......
Reuters - Business

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

Reuters
WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s......
Reuters - Business

Timeline: Highlights of the 16-year Airbus, Boeing trade war

Reuters
(Reuters) – The U.S. government on Friday raised tariffs on aircraft imported from the European Union, ratcheting up pressure on the EU to resolve an epic 16-year-old dispute over support for airplane makers, and raising the stakes in broader talks to reach a U.S.-EU trade deal. FILE PHOTO – Invited......
Reuters - Business

U.S. firm wins reprieve from expanded duties on steel products

Reuters
FILE PHOTO – U.S. President Donald Trump speaks about trade at the Granite City Works steel coil warehouse in Granite City, Illinois, U.S., July 26, 2018. REUTERS/Joshua Roberts WASHINGTON (Reuters) – The U.S. Court of International Trade has issued a temporary order under which U.S. customs agents cannot collect duties......

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