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  • The request for consultations with China at the World Trade Organization over a value-added tax of 17 percent on imported planes is the first step in a process that could lead to trade sanctions. Trade Representative said the tax was generally imposed on planes under 25 metric tonnes coming from overseas, while locally made planes such as state planemaker...

  • Airbus seeks sale of services unit Vector -sources Monday, 7 Dec 2015 | 6:16 PM ET

    Dec 7- Airbus Group SE is exploring a sale of Vector Aerospace Corp, a unit that services and maintains aircraft, in a deal that could be valued at more than $800 million, people familiar with the matter said on Monday. Airbus, Europe's largest aerospace group, is currently selling several businesses to focus its defense division on warplanes, missiles, launchers...

  • NEW YORK/ SEATTLE, Dec 7- Boeing Co on Monday showed off its newest jetliner, a second major revamp of the workhorse 737 it introduced 50 years ago, as its best-selling plane shows signs of losing some ground in the marketplace to rival Airbus. But Airbus' competing A320neo is outselling the 737 MAX, even as both plane makers face challenges to sell their...

  • NEW YORK/ SEATTLE, Dec 7- Boeing Co on Monday showed off its newest jetliner, a second major revamp of the workhorse 737 it introduced 50 years ago, amid signs that demand for the fuel-efficient jetliner may be ebbing. But the plane faces a formidable adversary in the A320neo plane from European rival Airbus. On Monday, Airbus released sales figures showing the...

  • *Oil stocks down on OPEC inaction. LONDON, Dec 7- European shares saw weak gains on Monday as the price of crude neared 7- year lows, pulling down oil shares, and Electrolux's share price slumped after its deal to buy General Electric's appliance business fell through. Oil prices fell after an OPEC policy meeting on Friday ended without an agreement to lower...

  • PARIS, Dec 7- Airbus orders topped 1,000 aircraft between January and November, sending its shares higher as it looked all but certain to win its annual race against U.S. rival Boeing. Boeing, however, remained in comfortable shape to retain its title as the world's largest jetliner producer as Europe's Airbus continued to lag on deliveries.

  • Europe closes mostly higher, oil tanks over 4% Monday, 7 Dec 2015 | 11:30 AM ET
    Oil refinery in Kazakhstan

    European equities finished trade mixed to mostly higher on Monday despite a sharp drop in oil prices weighing on investor sentiment.

  • *Spring Air dominates popular leisure routes to Japan. BEIJING/ SINGAPORE, Dec 7- Xia Lili, marketing chief at a privately-owned Shanghai software firm switched to flying with Spring Airlines after China's first low-cost carrier took off in 2010. Her company has since made it mandatory for staff to use budget airlines when available, and has cut its travel costs...

  • China's budget airlines spread wings, add routes Sunday, 6 Dec 2015 | 5:00 PM ET

    *Spring Air dominates popular leisure routes to Japan. BEIJING/ SINGAPORE, Dec 7- Xia Lili, marketing chief at a privately-owned Shanghai software firm switched to flying with Spring Airlines after China's first low-cost carrier took off in 2010. Her company has since made it mandatory for staff to use budget airlines when available, and has cut its travel costs...

  • WARSAW, Dec 4- Poland's new government is reviewing two major military tenders started by the previous administration, a deputy defence minister said late on Thursday, signalling the country's large-scale army modernisation scheme may face delays. In April, Poland provisionally selected Airbus Group's utility helicopters and said it would buy Raytheon's...

  • WARSAW, Dec 4- Poland's new government is reviewing two major military tenders started by the previous administration, a deputy defence minister said late on Thursday, signalling the country's large-scale army modernisation scheme may face delays. In April, Poland provisionally selected Airbus Group's utility helicopters and said it would buy Raytheon's...

  • NEW YORK, Dec 3- Etihad Airways had a dip in bookings for travel from Europe to the Middle East after the Nov. 13 Paris attacks and has stepped up vigilance for potential security threats, Chief Executive James Hogan said Thursday in an interview. Hogan was in New York this week to open a new airport lounge for Etihad at John F. Kennedy International Airport, where the...

  • JAKARTA, Dec 1- Problems with a glitch-prone rudder component and the way pilots tried to respond were major factors in the crash of an Indonesian AirAsia jet last year that killed all 162 on board, investigators said on Tuesday. The Airbus A320 crashed into the Java Sea on Dec. 28, less than halfway into a two-hour flight from Indonesia's second-biggest city of...

  • JAKARTA, Dec 1- Chronic problems with a faulty rudder system and the way pilots tried to respond were major factors in the crash of an Indonesian AirAsia jet last year that killed all 162 people on board, investigators said on Tuesday. The Airbus A320 crashed into the Java Sea on Dec. 28, less than halfway into a two-hour flight from Indonesia's second-biggest city...

  • RIGA/ MONTREAL, Nov 30- Canada's Bombardier is tackling a complex paper trail for regulators as it draws close to approval for its CSeries jet, while pursuing a global offensive to boost flagging sales. Executives in Europe to showcase the jet to buyers including Latvia's AirBaltic said safety certification would be completed this year as planned.

  • PARIS, Nov 24- Airbus said on Tuesday it had won certification for the A320neo, paving the way for first delivery of a revamped, best-selling jet that has shored up its joint domination of the global jet market with Boeing. Qatar Airways is expected to take first delivery next month of the first of more than 4,300 jets sold since Airbus launched the A320neo,...

  • PARIS, Nov 24- Zodiac Aerospace shares fell sharply on Tuesday after the French aircraft parts supplier reported a 45 percent drop in core annual earnings hurt by production delays at its troubled aircraft seats division. After a series of recent profit warnings, its underlying profit margin more than halved to 6.4 percent as its 2014/ 15 ordinary profit fell to...

  • Nov 24- Canada's Bombardier meets with investors on Tuesday with certification for its CSeries passenger jet "very close," according to sources familiar with the matter, but with no new orders imminent. Coming hard on the heels of agreements for cash infusions from the Quebec government, certification would bring a further boost to Bombardier and its attempt to...

  • A trader works on the floor of the New York Stock Exchange.

    European markets finished sharply lower on Tuesday after Turkish fighter jets shot down a Russian warplane near the Syrian border.

  • PARIS, Nov 24- Airbus said on Tuesday it had won certification for the A320neo, paving the way for first delivery of a revamped, best-selling jet that has shored up its joint domination of the global jet market with Boeing and galvanized its share price. Qatar Airways is expected to take first delivery next month of the first of more than 4,300 revamped jets to be...