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  • SAO PAULO, July 30- Brazilian planemaker Embraer SA said on Thursday it will delay development of a military cargo jet and forgo $300 million of revenue this year due to Brazil's weaker currency and defense spending cuts, triggering the biggest drop in its shares in nearly four years. Embraer now plans to deliver its first KC-390 cargo aircraft to the Brazilian...

  • BRASILIA, July 29- Sweden has agreed to reduce the cost of financing a $5.4 billion sale of 36 Gripen fighter jets to the Brazilian Air Force, Brazil's Defense Minister Jaques Wagner said on Wednesday. The first Gripens should be delivered to Brazil in 2019. Saab plans to set up a Brazilian assembly line producing the fighter jets through 2024 in partnership with...

  • BRASILIA, July 29- Brazil has reached agreement with the Swedish government to reduce the cost of financing a $5.4 billion sale of 36 Gripen fighter jets to the Brazilian Air Force, a Brazilian Defense Ministry spokeswoman said on Wednesday. The first Gripens should be delivered to Brazil in 2019. Saab plans to set up a Brazilian assembly line producing the...

  • Drone seized in Poland after near-collision with plane Wednesday, 22 Jul 2015 | 6:53 AM ET

    WARSAW, Poland— Polish authorities confiscated a drone and questioned a man after a Lufthansa passenger plane approaching Warsaw's international airport nearly collided with a flying object, police said Wednesday. Interfering with air traffic in Poland carries a prison term of up to five years, while posing a threat to air traffic carries up to eight years in...

  • Lufthansa plane nearly collides with drone near Warsaw Tuesday, 21 Jul 2015 | 6:22 AM ET

    WARSAW, Poland— A Lufthansa plane approaching Warsaw's international airport nearly collided with what appeared to be a drone, the first such incident involving the German airline, officials said Tuesday. The near-collision occurred Monday afternoon when a drone passed within 100 meters of the plane arriving from Munich, according to Przemyslaw...

  • 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...

  • 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...

  • 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...

  • TORONTO, June 19- Bombardier Inc got no orders for its new passenger jet, the CSeries, at this week's Paris airshow, another setback for a much-delayed program that comes just as signs of a slowdown in the commercial jet market start to grow. Even aside from the CSeries, Paris was not generous to Bombardier this year as it announced only one new firm order during the...

  • *Airbus gets orders, commitments worth $57 bln. *Airbus helped by last-minute deal with Wizz Air. PARIS, June 18- Airbus won the Paris Airshow with a last-minute $14 billion deal to sell 110 jets to Hungary's Wizz Air on Thursday, diverting attention from a growing industry debate over how quickly a record backlog of jet orders can be built.

  • AIRSHOW-Russia's Superjet sees new, bigger plane by 2020 Wednesday, 17 Jun 2015 | 11:46 AM ET

    PARIS, June 17- Superjet International, an aircraft made by Russia's Sukhoi Civil Aircraft Company and Finmeccanica unit Alenia Aermacchi, could be operating a new, stretched version of its SSJ100 regional jet by 2020, an executive told Reuters. The larger jet being considered by Superjet, which competes with regional planes made by Brazil's Embraer and...

  • MELBOURNE, Fla., June 15- Brazilian aircraft maker Embraer SA will build an airplane seat plant in Titusville, Florida, expanding its facilities in a region hit hard by the shutdown of NASA's space shuttle program four years ago, officials said on Monday. Located just west of NASA's Kennedy Space Center in Central Florida, the new plant will make high-end seats for...

  • MELBOURNE, Fla., June 15- Brazilian aircraft manufacturer Embraer SA will build an airplane seat manufacturing plant in Titusville, Florida, expanding its facilities in the region hit hard by the shutdown of NASA's space shuttle program four years ago, officials said on Monday. Located just west of NASA's Kennedy Space Center in Central Florida, the new plant...

  • PARIS, June 15- Brazil's Embraer SA on Monday announced 50 firm orders at the Paris air show for regional jets worth a total of $2.6 billion, including deliveries in China starting this year. Deliveries will begin this year for seven E190s to Colorful Guizhou, the fifth airline flying Embraer's E-Jets in China. Embraer's first-quarter earnings suffered as the...

  • Brazil partnered with Ukraine over the past decade to develop a launch vehicle at the Alcantara base on its northern Atlantic coast. But Brazil ended the program in February, saying that Ukraine's financial problems left it unable to provide rockets as promised. But the tenor of the visit, which marks a rapprochement between Brazil and the United States after...

  • PARIS, June 15- Brazil's Embraer is in talks to sell around 20 E-195 passeger jets each to Brazilian airline Gol Linhas Aereas and LAN Airlines, part of the LATAM Airlines Group, people familiar with the matter said.

  • SANTA MARIA, California, June 11- At a Zodiac Aerospace seat factory in the small town of Santa Maria north of Los Angeles, workers on the assembly line frequently sit idle, waiting for parts to arrive. The parts supply and other problems at the California factory offer explanations for Zodiac's warning to shareholders on Thursday that it likely would fail to meet...

  • TORONTO/ MONTREAL, June 11- Bombardier Inc's CSeries passenger jet will finally debut at the Paris Airshow this month, but the event will also let the Canadian company show off what may be an even more important asset: its new management team. With the CSeries nearing certification by regulators after years of delays and cost overruns, Paris offers an opportunity...

  • WASHINGTON, June 4- In a fight in the U.S. Congress over the future of the Export-Import Bank, no state looms larger than Texas, on both sides. Representative Jeb Hensarling leads a contingent of fellow Texas Republicans pressing hard for the shutdown of the bank, despite its support for many large and small Texas businesses. The bank lists 1,233 companies in Texas...

  • BEIJING, May 23- China and Peru have agreed to study the feasibility of a controversial 5,300 km transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported. The agreement came as Chinese Premier Li Keqiang arrived in Peru, on the third leg of a Latin America visit.