No matter how hard Sam Johnson presses down on the spider, the creature known as Sparratus stays together. It was not always so.» Read More
DUBAI, United Arab Emirates— Now that he's had a taste of running the world's busiest air hub for international passengers, Dubai Airports CEO Paul Griffiths is determined to hang on to the honor while setting his sights on an even bigger prize: beating Atlanta for the title of busiest airport on the planet.
LISBON, Portugal— The specter of Europe's financial crisis is back to haunt investors. The tensions center on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal's largest bank, Banco Espirito Santo.
Boeing said Thursday that its "space bins" will hold six standard-size carry-on bags— two more than fit in current bins on the 737.. Alaska Airlines will be the first carrier to get the larger bins on new planes, starting in late 2015. The airline's treasurer, Mark Eliasen, says the extra space will let passengers keep personal items in the cabin.
"The LRS-B is a top modernization priority for the Air Force. The competition is expected to pit Northrop Grumman Corp, the maker of the B-2 bomber, against a combined team of Boeing Co and Lockheed Martin Corp, the two top weapons makers for the U.S. government. The Air Force has said it plans to buy as many as 100 new bombers for no more than $550 million each.
Boeing rose$. 36 or. 3 percent, to $127.15. Lockheed Martin Corp. rose$. 81 or. 5 percent, to $158.74. Northrop Grumman Corp. rose$. 62 or. 5 percent, to $120.42.
July 10- General Electric Co said on Thursday it picked France's Safran SA, Japan's IHI Corp and Germany's MTU Aero Engines AG to work on the GE9X engine that will power Boeing Co's new 777 X aircraft. GE told Reuters the companies chosen would share about 25 percent of the GE9X program, with Safran holding the largest share.
Boeing fell$. 92 or. 7 percent, to $125.87. Lockheed Martin Corp. fell$. 42 or. 3 percent, to $157.52. Northrop Grumman Corp. fell$. 27 or. 2 percent, to $119.53.
That's up from Boeing's forecast last year that global airlines would need 35,280 jets worth $4.8 trillion over the next 20 years. "There's no question the market is converging to this size, where network flexibility and cost efficiency meet," said Randy Tinseth, Boeing's commercial airplanes marketing vice president.
LONDON, July 10- Boeing hit back on Thursday at proposals by rival Airbus to revamp its A330 passenger jet, saying it would "fight" in the marketplace and was confident that its newer 787 Dreamliner was a more valuable plane.
"If Airbus doesn't do something with their product strategy, they're headed to 30-35 percent market share" in deliveries of next-generation twin-aisle aircraft, Randy Tinseth, Boeing's vice president of marketing, told reporters in a briefing.
BRUSSELS, July 9- The chief executive of Bell Helicopter said on Wednesday he was confident that the company's concept for the U.S. Army's next-generation helicopter would be selected for flight testing in an eagerly awaited decision expected within the next month.
PARIS, July 9- Airbus is sprinting to line up preliminary orders for a revamped version of its A330 jet and is on stand-by to make an announcement as early as next week's Farnborough Airshow, but no decision has been taken, people familiar with the matter said.
BERLIN— Germany's Lufthansa says it plans to expand its budget airline operation to offer long-haul flights, possibly in cooperation with Turkish Airlines. Deutsche Lufthansa AG, Germany's biggest airline, has been trying to cut costs amid tough competition from European budget carriers and aggressively expanding government-owned Gulf airlines.
NEW YORK— Boeing has finalized a $56 billion agreement to build 150 777 X aircraft for Dubai's Emirates Airline. Emirates Airline also has purchase rights for an additional 50 aircraft.
Boeing said it had finalized an order for 150 777 X planes from Dubai's Emirates Airline in a deal valued at $56 billion at list prices.
July 9- Dubai airline Emirates finalized a $56 billion order to buy 150 Boeing 777 X jets on Wednesday, firming up a commitment made last year, just weeks after scrapping an order with rival planemaker Airbus.
July 9- Boeing said it had finalized an order for 150 777 X planes from Dubai's Emirates Airline in a deal valued at $56 billion at list prices. The deal includes purchase rights for an additional 50 airplanes that, if exercised, could increase the value to about $75 billion at list prices, Boeing said in a statement on Wednesday.
July 9- Boeing said it had finalised an order for 150 777 X planes from Dubai's Emirates Airline in a deal valued at $56 billion at list prices. The deal includes purchase rights for an additional 50 airplanes that, if exercised, could increase the value to about $75 billion at list prices, Boeing said in a statement on Wednesday.
July 9- Boeing said it had finalised an order for 150 777 X planes from Emirates Airline in a deal valued at $56 billion at list prices.
Stocks fell Tuesday, extending losses into a second day, as investors braced for quarterly earnings and considered valuations.