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  • BEIJING, July 28- Air China Ltd said on Tuesday it aims to raise up to 12 billion yuan in a private placement of A-shares to help fund the purchase of 15 Boeing planes and upgrade its direct sales service. The new B787 Dreamliners, worth 24 billion yuan in list prices, will fly long-haul routes to North America and Europe, Air China said in a stock exchange filing.

  • BEIJING/ SHANGHAI, July 28- China Eastern Airlines plans to work with new investor Delta Air Lines to expand its global footprint beyond China-U.S. routes, an executive from the Shanghai- based carrier said. While the airlines will deepen their ties on trans-Pacific routes, there is scope to work in other regions such as Europe, James Wang, China Eastern's board...

  • SEATTLE, July 24- Boeing Co, which loses about $23 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium. The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260...

  • SEATTLE, July 24- Boeing Co, which loses about $30 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium. The strong, lightweight alloy used extensively on the 787 costs seven times more than aluminum, and accounts for about $17 million of the cost of the $260...

  • Rockwell customers Boeing Co and Airbus Group SE have cranked up production to meet growing demand, which Boeing estimates will double by 2033 from 2013.. Cedar Rapids, Iowa- based Rockwell narrowed earnings per share forecast to $5.15- $5.25 from $5.10- $5.30 for the full year. Net income rose to $178 million, or $1.33 per share, in the third quarter ended June 30,...

  • FRANKFURT, July 23- German defence group Rheinmetall and French peer Thales are among several groups interested in a defence electronics business that plane maker Airbus is selling in an effort to streamline its operations, sources familiar with the transaction said. The two companies as well as U.S.-based Raytheon and a number of private equity groups...

  • July 22- Boeing Co reported a better-than-expected quarterly profit, helped by booming demand for commercial aircraft. The results include a $536 million charge to account for problems with the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. Boeing has said the program remains on track for delivering the initial 18...

  • Foreign investors try to tap into Iran Monday, 20 Jul 2015 | 1:00 AM ET

    LONDON/ NEW YORK, July 20- A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy. Brokerage Renaissance Capital predicts $1 billion will flow into Iran in the first year after sanctions end, although that is not...

  • WASHINGTON, July 17- Boeing Co said on Friday it will take a $536 million after-tax charge in its second-quarter results to deal with problems in the fuel system on the KC-46A aerial refueling tanker it is developing for the U.S. Air Force. The world's biggest commercial planemaker, which is also a major defense contractor, beat European rival Airbus to win the...

  • July 16- Zodiac Aerospace said it is considering moving machinery from a U.S. factory crippled by a powerful explosion on Tuesday so that it can continue making aircraft interior composite panels needed by the booming aviation industry. Airbus did not immediately respond to requests for comment. Boeing and Airbus are churning out more than 100 jetliners a...

  • July 15- A powerful blast at a Zodiac Aerospace factory in Washington state made some portions of the building unsafe to enter, raising concerns that the assembly of Boeing and Airbus aircraft could be affected. Boeing and Airbus said on Wednesday they were assessing the potential impact of the factory closure on their operations, since it supplies materials...

  • Skymark's creditors are slated to vote on the rival plans by an August 5 meeting of debt holders. Airline leasing firm Intrepid Aviation, Skymark's biggest creditor, said it had conducted a thorough process to identify the strongest sponsor candidate. "focused on airlines that have a strong presence and operations in Japan combined with long-term commitment...

  • NEW YORK/ BERLIN, July 14- Airplane sales to Iran were cleared for take off after Tehran signed a nuclear agreement with six major powers on Tuesday, opening a potentially significant opportunity for Boeing Co and Airbus Group after decades of isolation. Boeing said it saw a chance to sell planes to renew Iran's fleet of jetliners, which are 23 years old on average,...

  • PARIS, July 10- An attempt by Airbus to make history by crossing the English Channel in an electric plane ended in wounded pride on Friday after a French pilot claimed to have beaten it by hours. "We crossed the Channel before Airbus. Airbus gamely conceded defeat to the Cri-Cri, with its chief technology officer Jean Botti telling reporters, "It's not a victory but a...

  • *Iran desperately need to refresh fleet aged by sanctions. *Airbus and Boeing could be looking at $20 billion of deals. PARIS/ VIENNA, July 10- Western planemakers look set to reap billions of dollars in deals with Iran, if a deal is done on its nuclear programme to allow one of the world's most promising aviation markets to come out of quarantine.

  • WASHINGTON/ NEW YORK, July 8- Lockheed Martin Corp and Textron Inc have emerged as final contenders to buy United Technologies Corp's Sikorsky Aircraft business, which could be valued at around $8 billion, according to people familiar with the matter. Textron, which has a market capitalization of about $12 billion and is up against a much larger suitor, has...

  • HANOI, July 9- Vietnam's VietJet Air agreed on Wednesday to explore the possibility of buying airplanes from Boeing Co as it signed deals with two other U.S. companies to supply parts and finance for planes built by its European rival Airbus. Vietnam's sole private airline, VietJet has a fleet solely drawn from the A320 family built by Airbus.

  • Maria-Elisabeth Schaeffler was moved to tears when 8,000 Schaeffler employees gathered near the family-controlled company's headquarters in 2009 to demand the German government help avert the ballbearing maker's collapse. The previous year, the matriarch and her son Georg had launched Schaeffler's audacious debt-financed takeover of Continental,...

  • PARIS, July 6- European planemaker Airbus beat its U.S. rival Boeing on orders in the first half of this year, after a tight contest at last month's Paris Airshow, but remained behind on deliveries, data showed on Monday. Airbus said it had won orders for 382 aircraft in the first six months of the year and delivered 304 planes to customers. At the Paris Airshow, Airbus...

  • PARIS, July 2- Airbus is to help China set up production of aircraft seats and galleys in a move to ease shortages and delays that have threatened disruption to global aircraft production. Planemakers including Airbus, Boeing and Embraer have been wrestling for more than a year with delayed deliveries of aircraft seats or galleys from suppliers including...