United Kingdom

Bombardier shareholder hopes contract dispute is resolved out of court


MONTREAL The chief executive of Canada's second largest pension fund, which owns a 30 percent stake in Bombardier Inc.'s transportation division, said on Friday he hopes that a dispute between the company and Toronto's transportation agency over a rail car contract will be resolved out of court. | Video


Airbus says no more cracks found in A400M engines

BERLIN All A400M military transport plane engines affected by an order from European safety regulators have been inspected and no further cracks were found in their combustion chambers, a spokesman for manufacturer Airbus said on Friday.

Airbus says no further cracks found in A400M transport engines

BERLIN All A400M transport plane engines affected by an order from European safety regulators have been inspected and no further cracks were found in their combustion chambers, a spokesman for the European planemaker Airbus said on Friday.


Boeing to open first European factory, to invest 20 million pounds

Boeing Co said it would invest 20 million pounds to open its first production facility in Europe to make components for certain aircraft.


Austria says prosecutors open fraud probe on fighter deal

VIENNA Austria said on Friday that Vienna prosecutors had initiated a formal criminal investigation against Airbus and the Eurofighter consortium over alleged fraud, widening the potential fallout from a $2 billion (1.59 billion pound) combat jet order more than a decade ago.

IAG eyes A321LR order for Aer Lingus, transatlantic routes

LONDON British Airways owner IAG looks set to order Airbus's new long-range A321LR aircraft for its Irish carrier Aer Lingus, as transatlantic competition hots up with the deployment by low-cost newcomers of similar single-aisle aircraft.

Safran ready to discuss A400M, but won't share Airbus penalties

PARIS French aero engine maker Safran said on Friday it would be prepared to discuss changes to the engine contract for the troubled Airbus A400M military aircraft, but ruled out sharing the planemaker's bill for penalties incurred so far.

Safran rejects TCI Fund Management's criticism of Zodiac Aero bid

PARIS France's Safran on Thursday rejected criticism by a UK hedge fund over a proposed $9 billion offer for Zodiac Aerospace and pledged to stand firm as a spat intensified over plans to create the world's third-largest aerospace supplier.


Exclusive - Trump says Republican border tax could boost U.S. jobs

WASHINGTON U.S. President Donald Trump on Thursday spoke positively about a border adjustment tax being pushed by Republicans in Congress as a way to boost exports, but he did not specifically endorse the proposal.


TCI says Safran is flying blind on Zodiac bid valuation

LONDON/PARIS Hedge fund TCI Fund Management, locked in a war of words with Safran SA over the aerospace firm's proposed bid for Zodiac Aerospace SA , said on Thursday the company had no proof that its valuation of the deal made sense.


Trump again vows to bring back U.S. jobs, but offers few details

WASHINGTON President Donald Trump told chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs. | Video


Beyond phones and 5G, mobile world seeks to reinvent itself

FRANKFURT/LONDON Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth.