United Kingdom

Post-Brexit border checks could add 1.5 billion pounds to UK aerospace costs


LONDON Britain's aerospace industry could face 1.5 billion pounds a year in extra costs after Brexit if firms exporting components to the European Union face additional checks at the border, industry body ADS Group said on Monday.

Iridium says last call from its device on missing Argentine submarine was Wednesday

BUENOS AIRES U.S. satellite communications company Iridium Communications Inc said on Sunday the last call from its device aboard a missing Argentine submarine was made at 1136 GMT on Wednesday, the day the vessel vanished.

Avolon firms up deal for 75 Boeing jets, may order 20 more

HONG KONG/PARIS Chinese-owned aircraft leasing company Avolon has firmed up an order for 75 Boeing airplanes and may order 20 more, its parent Bohai Capital said on Sunday.


Airbus faces tricky hurdles over stalled A380 Emirates deal

DUBAI A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its U.S. rival Boeing at the start of last week's Dubai Airshow.


Battered GE shares lure some buyers but worst may not be over

NEW YORK General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.

Argentina says satellite calls detected, likely from missing submarine

BUENOS AIRES Argentina's defence ministry said seven failed "satellite calls" that it believes came from a missing naval submarine were detected on Saturday in a likely sign the crew of 44 was trying to reestablish contact.

Iran has no problem with aircraft deal financing - official

BEIRUT Iran does not have a problem obtaining financing for its aircraft deals and the delivery of purchased aircraft is on track, its deputy transport minister Asghar Fakhrieh Kashan said on Saturday, according to state media.

France should not interfere in Iran's missile programme - adviser to Iran's supreme leader

BEIRUT France should not interfere in Iran's missile programme, Ali Akbar Velayati, a senior adviser to Iran's supreme leader, said on Saturday according to state media.


Business jets risk U.S. pilot shortage on competition from airlines

MONTREAL Business jet operators, already offering double digit raises to attract pilots, could face a labour shortfall in North America as they compete with U.S. airlines for talent, executives and analysts said.


Raytheon gets OK for $10.5 billion Patriot sale to Poland - Pentagon

The U.S. State Department approved a possible $10.5 billion (£7.95 billion) sale of Raytheon Co's Patriot missile defence system to Poland, the Pentagon said on Friday.


Nearly 2,000 Siemens employees protest against job cuts

BERLIN Siemens employees protested in various German cities on Friday against the company's proposal to cut 6,900 jobs, which a senior Siemens official said could be revised after negotiations with the union. | Video


Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

BRUSSELS U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.