European stocks closed lower on Wednesday, with concerns over China's economy and a fall in Credit Suisse shares driving declines.» Read More
Yet in the United States, a quadrupling of crude and jet fuel prices since 2003, coupled with the prolonged recession, has cut jet fuel consumption by around half a billion barrels per year compared with the previous trend.
FRANKFURT/ MILAN, Feb 6- A potential deal to buy a stake in troubled Italian airline Alitalia could be the biggest test yet for Abu Dhabi- based Etihad's strategy of using stakes in ailing airlines as an easy way to expand its global footprint.
Beverly Wyse, manger of Boeing's 737 program manager, told reporters the factory plans to step up production to 42 per month in the second quarter and may go to 52 per month in 2018 or 2019, but that the company was still studying the possibility.
DUBAI/ ANKARA, Feb 3- Iran welcomed the most senior French trade delegation in years on Monday, telling more than 100 executives that the farsighted among them stood to win the race for business following an easing of some economic sanctions.
DUBAI, Feb 3- A team of French entrepreneurs will meet Iranian business leaders on Monday on one of the biggest foreign trade missions to visit Tehran since the Islamic Republic won an easing of some economic sanctions. Our investors never entirely abandon Iran.
SINGAPORE/ PARIS, Jan 28- Vietnamese carrier VietJetAir said it would finalise a $9 billion order for up to 92 Airbus aircraft next month as it seeks to tap into Southeast Asia's fast growing low-cost market dominated by AirAsia Bhd and Lion Air.
SINGAPORE, Jan 28- Low-cost Vietnam airline, VietJetAir, is set to firm up part of a $9 billion order for up to 92 Airbus aircraft and will announce this at the Singapore Airshow in February, sources familiar with the situation said.
PARIS, Jan 27- French jobless claims rose a further 10,200 in December to hit a new record, dashing President Francois Hollande's hopes of keeping his pledge to start lowering unemployment by the end of 2013..
NEW DELHI, Jan 27- India lifted a landing ban on Airbus A380s on Monday, enabling carriers such as Singapore Airlines and Emirates to fly their superjumbos into the world's second-most populous nation.
DUBLIN, Jan 24- Crisis, what crisis? Despite new concerns over emerging markets that mounted on Friday, an annual gathering in Dublin this week attracted record numbers of lawyers, bankers and lessors who keep the $100 billion a year jetliner industry aloft with funding.
STOCKHOLM, Jan 23- Sweden's Arcam was 2013' s best performing 3 D printer maker, with investors desperate for exposure to a metal printing technique that is making manufacturing more efficient.
BOSTON, Jan 22- Hedge fund manager David Einhorn, whose Greenlight Capital ranked among last year's best performers, has taken new positions in Micron Technology Inc and BP Plc, both of which he praised in a letter to investors for practices focused on returning cash to shareholders.
LONDON/ DAVOS, Jan 22- Defence company BAE Systems said it was making progress on a deal with Saudi Arabia over the pricing for Eurofighter jets and was seeking other buyers for the aircraft after the collapse of a potential sale to the United Arab Emirates.
DUBLIN, Jan 22- Singapore- based BOC Aviation looks poised to supply aircraft to India's latest airline as new players jostle to capture growth in Asia's third-biggest economy, two industry sources said. The fleet of 20 planes would initially be sourced from leasing companies, rather than purchased direct from Airbus.
*AerCap takeover of ILFC revives Ireland as leasing hub. SHANNON, Ireland, Jan 19- Twenty years after the spectacular collapse of Irish tycoon Tony Ryan's plane leasing empire, the Emerald Isle has restored its grip on the world's aircraft fleet with a mega-merger that could pave the way for a wave of multi-billion-dollar IPOs.
"I would be surprised if you saw Iran shooting quickly to the top of the list of attractive markets, although it may be attractive for certain manufactured goods companies in the short to medium term," said a Western business consultant who works with many of the world's biggest companies.
TORONTO, Jan 16- Bombardier Inc warned on Thursday it will delay putting its new CSeries jet into commercial use until the last half of 2015, a major setback in its plan to challenge Airbus Group NV and Boeing Co in the narrow body aircraft market. The Montreal- based planemaker now sees the larger CS300's entry-into-service about six months after the CS100.
MANAMA, Jan 16- Saudi Gulf Airlines, a new carrier born of the deregulation of Saudi Arabia's aviation market, has signed a $2 billion deal with Canada's Bombardier Inc to buy 16 CSeries jets with options for 10 more, the airline's owner said on Thursday.
Boeing's delivery tally beat its forecast of up to 645 jets for the year, and is likely to exceed deliveries by rival Airbus Group NV, which is targeting up to 620 deliveries in 2013. Airbus is due to announce annual its orders and deliveries on Jan. 13.
European equities closed lower on Wednesday after a U.S. budget deal added to expectations the Fed will scale back stimulus soon.