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  • Airbus: Emirates cancels order for 70 A350 planes Wednesday, 11 Jun 2014 | 3:16 AM ET

    Dubai's Emirates Airline has cancelled an order for 70 Airbus A350 wide-body aircraft.

  • UPDATE 1-Emirates cancels order for Airbus 70 A350 planes Wednesday, 11 Jun 2014 | 2:53 AM ET

    PARIS, June 11- Europe's Airbus lost a major order on Wednesday when Dubai's Emirates airline canceled its entire purchase of 70 Airbus A350 jets, dealing an unexpected blow to the planemaker and engine maker Rolls-Royce.

  • Rolls-Royce says aircraft cancellation hits order book Wednesday, 11 Jun 2014 | 2:17 AM ET

    LONDON, June 11- British engineering company Rolls-Royce said the cancellation of an Airbus aircraft purchase by Dubai's Emirates would result in a 2.6 billion pound hit to its order book. Rolls-Royce makes engines for the aircraft and provides some customers with an ongoing maintenance service for the engines.

  • Airbus says Emirates cancels order for 70 A350 planes Wednesday, 11 Jun 2014 | 1:27 AM ET

    PARIS, June 11- Dubai's Emirates Airline has cancelled an order for 70 Airbus Group NV A350 wide-body aircraft following "on-going discussions with the airline in light of their fleet requirement review", the European planemaker said on Wednesday.

  • The talks, which began in earnest over the past two months, represent another milestone in Prime Minister Shinzo Abe's bid to nurture a domestic military export industry that would also bring down Japan's defence procurement costs at a time of rising tensions between Tokyo and an increasingly assertive China.

  • The talks, which began in earnest over the past two months, represent another milestone in Prime Minister Shinzo Abe's bid to nurture a domestic military export industry that would also bring down Japan's defence procurement costs at a time of rising tensions between Tokyo and an increasingly assertive China.

  • June 10- B/E Aerospace Inc, an aircraft seat maker and parts distributor, will split into two publicly traded companies, making it easier for the company to pursue a sale of its businesses. B/E Aerospace's shares fell as much as 6 percent as investors had hoped for a sale of the company.

  • *Airbus sees intra-regional role for proposed A330 revamp. PARIS, June 9- The world's top two planemakers are heading towards a showdown over the prices of their smaller twin-aisle airliners as Airbus draws closer to a decision to revamp its 20- year-old A330 model.

  • JPMorgan, Morgan Stanley and Citigroup are underwriting the IPO, the company said in a preliminary prospectus filed with the U. S Securities and Exchange Commission. Avolon is backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth fund.

  • June 9- Aircraft leasing company Avolon Holdings Ltd filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common shares. J.P. Morgan, Morgan Stanley, and Citigroup were underwriting the IPO, the company told the U. S Securities and Exchange Commission in a preliminary prospectus.

  • *China business jet sales to top $65 bln over 20 years. Now the supplier of private aircraft for the Ferrari motor racing team is looking into a new joint venture far from home- manufacturing in China.

  • *Iran Air would need 100 jets immediately sanctions lifted. DOHA, June 7- Iran Air will need at least 100 passenger jets once sanctions against the country are lifted and will find it easier to do business with companies that co-operated during the current window for sanctions relief, the head of the airline said.

  • LONDON, June 4- Odyssey Airlines will not be the first new airline to have attempted to break into the lucrative London- New York business travel market, one of the most profitable routes in the world, but this time it will be different, says its founder.

  • FACTBOX-Key facts about Bombardier's CSeries jet Monday, 2 Jun 2014 | 5:56 PM ET

    June 2- Following are key facts about Bombardier Inc's CSeries passenger jet, a narrow-body rival to Airbus and Boeing aircraft, which experienced an engine failure during ground maintenance testing on May 29, 2014.

  • DOHA, June 2- Canada's Bombardier Inc has narrowed its investigation of an engine failure on its new CSeries airliner to a few possible causes and said the test plane could be back in the air quickly if the cause turns out to be what the company suspects.

  • NEW YORK, June 1- Bombardier Inc will begin tearing down the engine of its CSeries jetliner on Sunday to investigate its failure during maintenance testing this week, an aviation journal reported, heightening the risk of delay in producing the model for market.

  • *Air New Zealand places order for 14 jets. DOHA, June 1- European planemaker Airbus said the schedule for its A320neo jet was unaffected after smaller rival Bombardier called a halt to testing on its CSeries jet, which uses a similar engine to that planned for the A320neo.

  • But engine sales tend to generate slim profit margins at the front end, which could squeeze profits at Pratt and its parent United Technologies Corp.. So Pratt has been attacking costs before it boosts production to "try and get some improvement in... return on sales," Paul Adams said in an interview with Reuters.

  • TORONTO, May 30- Bombardier Inc's new CSeries jetliner suffered an "engine-related incident" during stationary maintenance testing on Thursday, prompting a halt to flight tests and dealing another blow to the plane maker's effort to compete with Boeing and Airbus in the narrow-body market.

  • The airline has asked Airbus to address requests it made after the usual pre-delivery customer inspection, Qatar Airways CEO Akbar Al Baker said on Friday.