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  • Air Force acquisition chief William LaPlante said the Air Force would likely also adopt a "cost-plus" type contract for the development phase of the new bomber, given that it would include more new technologies than mature technologies. The Air Force expects to award a contract valued at $50 billion to $80 billion this summer for development and procurement of...

  • SAN FRANCISCO— While 72 passengers have settled their personal-injury claims stemming from the crash of an Asiana Airlines flight in San Francisco two years ago, other people are continuing their legal fight with the airliner and others involved in the accident that killed three Chinese teenagers and injured nearly 200 people. Arthur Wolk, a lawyer...

  • SEOUL/ LOS ANGELES, March 4- Asiana Airlines Inc settled with 72 passengers of its flight that crashed at the San Francisco airport in 2013, a spokesman of the South Korean carrier said on Wednesday. Frank Pitre, a lawyer for the plaintiffs in the lawsuit, told the Associated Press this was the first settlement in connection with the crash, the Associated Press...

  • SAN FRANCISCO— More than 70 passengers aboard an Asiana Airlines flight that crashed in San Francisco two years ago have reached a settlement in their lawsuits against the airline, attorneys for the passengers and airline said in a court filing Tuesday. The settlement with 72 passengers who filed personal injury claims also includes Boeing Co., which made the...

  • March 2- United Airlines has no immediate interest in purchasing 777 X aircraft from Boeing Co but views the plane's predecessor, the 777-300 ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday. While Rainey has said the 777-300 ER interests United, he noted Monday that the aircraft...

  • March 2- United Airlines has no immediate interest in purchasing 777 X aircraft from Boeing Co but instead views the plane's predecessor, the 777-300 ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday. Rainey said United is not interested in the more expensive 777 X, to be outfitted...

  • Cramer: Market headed for froth—time to sell? Monday, 2 Mar 2015 | 6:12 PM ET

    Jim Cramer sees a perfect recipe of market froth happening. Is now the time to sell your stocks?

  • SINGAPORE, March 2- Malaysia Airlines is re-negotiating contracts, reviewing its fleet and routes, and identifying almost a third of staff to lay off as part of a state-led restructuring programme, owner Khazanah Nasional Bhd said on Monday. The sovereign wealth fund's update on Malaysian Airline System Bhd is the first since it took the carrier private in...

  • Australia may end hunt for missing MH370 jet soon Sunday, 1 Mar 2015 | 6:31 PM ET

    Australia's deputy prime minister said that discussions are under way between Australia, China and Malaysia as to whether to call off the hunt.

  • WASHINGTON— Congress' dysfunction isn't limited to the struggle to keep a Cabinet department running without interruption. The to-do list includes forestalling a 21 percent cut in Medicare payments to physicians, preventing a cutoff of highway and transit dollars in the middle of peak construction season this summer and renewing critical parts of the...

  • WASHINGTON, Feb 27- The Air Force urgently needs a new long-range bomber to replace its aging fleet and will keep costs at or below a $550 million cap for each warplane, top U.S. officials told lawmakers on Friday. Air Force Secretary Deborah James said the Air Force understood that runaway costs had to be contained, and noted that a sharp reduction from the planned...

  • US stocks post strong gains for February Friday, 27 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange, Feb. 20, 2015.

    U.S. stocks posted gains of 5 percent or more in February, despite closing modestly lower on the last trading day of the month on Friday.

  • MIRABEL, Quebec, Feb 27- Bombardier Inc launched a test flight of its CS300 jet on Friday, the larger version of its new CSeries narrow-body aircraft, in a milestone for the long-delayed program that analysts and investors say may have missed its moment. The CSeries, Bombardier's largest jet, with up to 160 seats, helps the company push into markets dominated by...

  • Airbus just took a $618M charge for delays Friday, 27 Feb 2015 | 2:18 AM ET
    An Airbus A320 - similar to the aircraft used by Air Algerie.

    Europe's Airbus Group took a charge of 551 million euros ($618 million) due to latest delays on the A400M military transporter.

  • Feb 26- A push by three U.S. airlines to curb competition from Gulf state carriers has exposed divisions over free trade with other powerful U.S. aviation players including Boeing Co and FedEx Corp, potentially complicating the airlines' campaign for Obama administration support. Delta Air Lines Inc, United and American Airlines have asked the White House to...

  • *Australia has the technology and IP to corner the market. Engineers at Monash University and its commercial arm are making top-secret prototypes for Boeing Co, Airbus Group NV, Raytheon Co and Safran SA in a development that could be the saviour of Australia's struggling manufacturing sector. Australia has the potential to corner the market.

  • WASHINGTON, Feb 25- U.S. senators said on Wednesday they are working on a bipartisan plan to keep the U.S. Export-Import Bank open but the treatment of coal-fired power projects is holding up a final deal. Republican Mark Kirk and Democrat Joe Manchin said they wanted to craft a compromise to satisfy both Democrats who support the bank and Republicans who want...

  • WASHINGTON, Feb 25- The U.S. Air Force on Wednesday said it will release plans within months for replacing the Russian-built RD-180 motors that now power some rockets used to launch military satellites into space, but said it would likely miss a 2019 congressional deadline to start using a new U.S. engine. Congress last year passed a law that requires the Air Force...

  • Democrats lodge U.S. Export-Import Bank survival plan Wednesday, 25 Feb 2015 | 12:00 AM ET

    WASHINGTON, Feb 25- Democratic lawmakers will unveil a plan on Wednesday to keep the U.S. Export-Import Bank open for another seven years and expand its lending as a clash over the bank's future intensifies. Legislation backed by Democratic Whip Steny Hoyer and colleagues Maxine Waters, Gwen Moore and Denny Heck would reauthorize Ex-Im, which provides support...

  • WASHINGTON, Feb 24- The U.S. Navy remains committed to its plans to buy the carrier-based variant of Lockheed Martin Corp's F-35 fighter jet and declare it ready for initial combat use by 2018, Vice Chief of Naval Operations Admiral Michelle Howard said on Tuesday. Howard said there was no doubt the Navy would need tactical and strike aircraft based on aircraft...