×

Business Industrials

  • BERLIN— German air safety officials say they've asked bankrupt carrier Air Berlin to explain why one of its pilots aborted his landing at Duesseldorf Airport at the last moment to make a low pass around the control tower. An Air Berlin flight was returning to Germany from Miami early Monday when the unidentified pilot performed the pass. But Stefan Commessmann...

  • BERLIN, Oct 17- A German aviation watchdog is scrutinising a fly-past by Air Berlin's last long-haul flight to its hub in Duesseldorf, which German media said was the pilot's unique way of saying "goodbye" to his passengers and the insolvent airline. The pilot of the flight from Miami on Monday pulled up the aircraft above the runway in Duesseldorf and made a low...

  • Airbus A380 performs an aerial demonstration over the Le Bourget Airport during the 52nd International Paris Air Show on June 22, 2017, in Paris, France.

    Airbus is taking a majority stake in a small jet program mired in a trade dispute.

  • U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose four points to 68 this month.

  • Industrial production up 0.3% in September

    CNBC's Rick Santelli breaks down the latest data on manufacturing, mining and utilities.

  • Bombardier's C Series aircrafts are assembled in their plant in Mirabel, Quebec, Canada April 29, 2016.

    Delta says it looks forward to getting its C Series jets after Airbus reached a deal with disputed manufacturer Bombardier.

  • *Malaysia must hire third CEO in three years. DUBLIN/ SINGAPORE, Oct 17- Malaysia Airlines CEO Peter Bellew is leaving after just over a year in charge to return to Ryanair as chief operations officer to tackle the pilot shortages that has resulted in it cancelling more than 20,000 flights over the winter season. The move means that Malaysia will have to appoint a...

  • JERUSALEM— Israel Aerospace Industries says it has formed a joint venture with Korean company Hankuk Carbon to make unmanned aircraft together. It says the new company, called Korea Aviation Technologies, will develop drones with vertical takeoff and landing capabilities. The two companies signed their joint venture agreement on Tuesday at the...

  • *Malaysia must hire third CEO in three years. DUBLIN/ SINGAPORE, Oct 17- Malaysia Airlines CEO Peter Bellew is leaving after just over a year in charge to return to Ryanair as chief operations officer to tackle the pilot shortages that has resulted in it cancelling more than 20,000 flights over the winter season. The move means that Malaysia will have to appoint a...

  • TOULOUSE, France, Oct 17- Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries programme at midnight after the talks with Bombardier leaked to Reuters. The nocturnal gymnastics by Europe's largest aerospace group stunned the aircraft industry which had been riveted for weeks by a trade dispute between Boeing and...

  • MILAN/ BERLIN, Oct 16- Germany's Lufthansa and British budget airline easyJet are two of seven companies that have bid for Alitalia on Monday but the process to rescue Italy's ailing flag carrier is likely to drag out until late next year. This may not find favour with Rome, which wants to sell the airline in one block to minimise the impact on its 12,000 staff.

  • An activist who helped organize the Women's March on Washington has accused an American Airlines pilot of racial discrimination in kicking her off a flight. In a series of tweets and a Facebook Live post, Tamika Mallory said that a pilot had her removed from a Sunday flight from Miami to New York after she had a dispute with another airline employee over her seat...

  • MONTREAL, Oct 16- Canada's Bombardier Inc is continuing to look at strategic options for its aerospace division but no deal is imminent, people familiar with the matter told Reuters on Monday, as the company seeks to shore up sales and improve finances. "Canada would contribute a share of the program, allowing China to access first rate aerospace technology.

  • ROME, Oct 16- German airline Lufthansa has submitted an offer for parts of Alitalia and a plan to reshape Italy's ailing national carrier just days after agreeing to buy some of Air Berlin's assets. Lufthansa's offer is not for the whole Italian airline, but only for parts of its network, meaning it may not find favour with Rome, which wants to sell Alitalia in one...

  • MONTREAL, Oct 16- Canada's Bombardier Inc is continuing to look at strategic options for its aerospace division but no deal is imminent, people familiar with the matter told Reuters on Monday. On Sunday, Bloomberg reported that Bombardier was considering disposal of aerospace assets including its Q400 turboprop and CRJ regional-jet unit, while looking at...

  • MILAN— Lufthansa and Easy Jet are among seven airlines that made binding offers Monday to take over all or part of Alitalia, the Italian carrier that declared bankruptcy in May. Alitalia confirmed it received seven envelopes containing bids by the evening deadline, but provided no details. The government last week extended a 300 million-euro bridge loan to...

  • ROME, Oct 13- Italy on Friday extended a bridge loan for airline Alitalia, which is in special administration as state commissioners seek to sell, overhaul or liquidate the carrier. Italy's cabinet said in a statement it had passed an emergency decree to add a further 300 million euros to the loan of 600 million euros it made to the ailing company in May.

  • *Chinese suppliers to Moog committed violations- FAA report. *Boeing, FAA, Moog determined parts posed no safety risk. The FAA, Boeing and Moog said in the report and in emails to Reuters they posed no safety risk.

  • Oct 15- Canadian train-and-plane maker Bombardier Inc is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday. Bombardier is also looking at partnerships with other aerospace companies, Bloomberg reported. According to the report, Europe's Airbus SE is among the prospective buyers.

  • CANBERRA, Australia— Passengers on an Indonesia AirAsia flight from Australia to the holiday island of Bali described a panicked flight crew announcing an emergency and oxygen masks dropping from the ceiling after their airliner lost cabin air pressure and rapidly descended. Flight QZ535 returned safely on Sunday to the airport at Perth city where many of...