Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
PARIS/CHICAGO, June 13 (Reuters) - Airbus is in talks with U.S.-based private equity firm Indigo Partners about a potential sale of its new A321XLR passenger jet, industry sources said on Thursday.
Airbus, which declined to comment, is trying to cement the launch of its longest-range single-aisle jet at the Paris Airshow next week.
Indigo Partners, which also declined comment, buys aircraft on behalf of four airlines in which it holds stakes, using its bulk purchasing power to squeeze lower prices from planemakers.
Led by airlines investor Bill Franke, Indigo Partners placed a record order for 430 narrow-body Airbus A320neo-family jets spread among four low-cost carriers in 2017.
Airbus hopes to persuade the veteran airlines promoter to invest in a longer-range version of the same aircraft family.
The European planemaker is widely expected to announce the launch of the roughly 4,500-mile A321XLR model at the showcase event in Paris on June 17-23. The model will enter service in late 2023 or early 2024.
It was not immediately clear to what extent a new Indigo Partners deal would involve conversions from existing models included in the big 2017 order.
American Airlines Group is also considering the A321XLR as one new aircraft option, an American source said, but noted that it was premature to discuss whether any potential order would be new or a conversion of existing Airbus orders.
Airbus is expected to insist that airlines wanting to reserve some of the early production slots reserved for the A321XLR must place new orders, though it is also likely to allow buyers to trade some existing purchases for the new jet.
Boeing had a similar mix of new orders and conversions when it announced the Boeing 737 MAX 10 in 2017.
Asked by shareholders on Wednesday about new aircraft purchases, American Chief Executive Doug Parker said "there's nothing that we haven't announced coming to us". (Reporting by Tim Hepher, Tracy Rucinski; Editing by Alexander Smith)