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Business Industrials

  • BANGKOK, Jan 19- Thai Airways International said on Thursday it will launch an internal corruption investigation after being named in a bribery case relating to British company Rolls-Royce Plc. Rolls-Royce agreed to pay more than $800 million in fines to resolve charges of bribing officials in six countries, including Thailand, in schemes that lasted more...

  • PARIS, Jan 19- France's Safran on Thursday launched a $9 billion agreed cash offer worth 29.47 euros per share for aircraft seats manufacturer Zodiac Aerospace to create the world's third largest aerospace supplier. In a joint statement with Zodiac, Safran announced the move three months after Zodiac's main rival B/E Aerospace agreed to be absorbed by...

  • PARIS, Jan 19- France's Safran said on Thursday it had launched an agreed cash offer worth 29.47 euros per share for aircraft seats manufacturer Zodiac Aerospace to create the world's third largest aerospace supplier. Safran, which saw a preliminary offer rejected by family-controlled Zodiac in 2010, announced the move three months after Zodiac's main...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. Will Horton, a Hong Kong- based analyst for aviation consultancy CAPA, described what had been said so far as underwhelming given the scale...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. The company laid out the results of the review in a document seen by Reuters that was e-mailed to its 33,700 employees on Wednesday after 350...

  • NEW YORK, Jan 17- United Continental Holdings Inc on Tuesday reported a 1.6 percent decline in its fourth-quarter passenger unit revenue, a closely watched metric, outperforming the airline company's initial guidance on the measure as its net profit slipped 39.8 percent. The No. 3 U.S. airline by passenger traffic reported fourth-quarter net income excluding...

  • An employee holds a resin tile as a composite engine case mold is prepared for bulk infusion molding at the GE Aviation manufacturing facility in Batesville, Mississippi.

    Earnings estimates for companies expected to benefit from the new administration have already started to trend higher.

  • Jan 17- Boeing Co's chief executive said on Tuesday that he and President-elect Donald Trump "made progress" on lowering the cost of the Air Force One presidential aircraft fleet and on a potential sale of Boeing fighter aircraft, and suggesting a deal could be struck soon. Boeing CEO Dennis Muilenburg's visit to Trump Tower on Tuesday marked another step in...

  • BOEING CEO SAYS IF YOU WANT MANUFACTURING JOBS, AEROSPACE INDUSTRY IS THE PLACE TO INVEST.

  • SEATTLE, Jan 17- Boeing Co said its chief executive will meet with Donald Trump on Tuesday, at the President-elect's request, to discuss its Air Force One presidential jumbo jet based on the Boeing 747 airliner and possibly a fighter jet sale. Trump called the meeting at Trump Tower in New York after he pressured the Chicago- based aerospace and defense company...

  • SEATTLE, Jan 17- Boeing Co said its chief executive will meet with President-elect Donald Trump on Tuesday at Trump Tower in New York to discuss its Air Force One presidential jumbo jet based on the Boeing 747 airliner.

  • *Etihad mulls taking 30-40 pct stake in Lufthansa- Il Messaggero. MILAN, Jan 17- Germany's Lufthansa and Etihad Airways are in talks to possibly merge the two airlines, Italian newspaper Il Messaggero said in an unsourced report on Tuesday, boosting the German airline's share price. According to the paper, managers from both companies have for weeks been...

  • SAO PAULO, Jan 17- Brazil's government and homebuilders are expected to agree on new industry rules as early as Tuesday giving companies the right to keep a defined share of the value of the home in the event of a canceled purchase, according to a person with direct knowledge of the talks. The talks underscore attempts to define clearer rules, and mitigate the...

  • MOSCOW, Jan 16- An ally of Russian President Vladimir Putin has been asked to step in to build a railway link between Russia and annexed Crimea after low margins and the risk of Western sanctions put off other builders, industry sources told Reuters on Monday. The 17- billion-rouble contract is for a railway to connect the Russian rail network with what some...

  • TORONTO, Jan 14- Privately held Canadian carrier Porter Airlines said flights had resumed after a system outage grounded its fleet earlier on Saturday. The airline, which operates short-haul flights out of Toronto's city airport using a fleet of turboprop aircraft, said the unidentified outage affected about 400 passengers and five flights were cancelled,...

  • Construction workers use a concrete bucket to spread gravel in a retention field drainage system.

    Baird said the drainage equipment company could take advantage of President-elect Donald Trump's promises for infrastructure spending.

  • NEW DELHI, Jan 13- Indian budget airline SpiceJet said on Friday it has agreed to acquire 100 new MAX 737 aircraft from Boeing, with an option for 50 more, as part of its expansion plans in the world's fastest growing aviation market. "This is an extremely competitive market," Ajay Singh, SpiceJet's chairman, told a news conference in New Delhi. SpiceJet, which was...

  • SAO PAULO, Jan 12- The Brazilian government is drafting a decree to allow 100 percent foreign ownership of local airlines, a Transportation Ministry spokesperson said on Thursday, a move that could attract investors to a recession-beaten industry. Newspaper Valor Econômico, citing three unnamed aides to President Michel Temer, earlier on Thursday reported...

  • PARIS, Jan 12- Qatar Airways said on Thursday it was seeking guarantees from a potential new engine supplier after delays to Airbus jet deliveries, but said Boeing was ahead of schedule on its latest version of the 777, leaving scope to bring those jets forward. Qatar Airways remains in talks with CFM International about supplying engines for an upgraded order...

  • LONDON, Jan 12- British Airways "mixed fleet" cabin crew, who make up around 15 percent of BA's total cabin staff, are to stage a 72- hour pay strike from Thursday next week, their union Unite said. Crew who serve as part of BA's mixed fleet, who have poorer terms and conditions than some longer-serving staff, rejected a pay offer shortly before Christmas and staged a 48-...