Embraer SA Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing Co, newspaper Valor Economico reported on its website late on Wednesday. Souza e Silva, attending an event hosted by the paper, declined to elaborate on details of the agreement and described the negotiation as complex.
The World Trade Organization (WTO) has ruled that the European Union (EU) failed to comply with requests to end subsidies for Airbus. US Trade Representative (USTR) said the ruling in the dispute opens the way for placing tariffs on EU goods.
The Canadian aerospace firm which faced damaging import tariffs on one of its jets has won a trade dispute in the United States. The UK government had suspected that Bombardier would lose and unions feared sales and UK jobs connected to the C-Series would be hit. But in a surprise ruling, the US International Trade Commission (ITC) rejected a complaint brought by Boeing.
Boeing delivered more commercial airplanes than any manufacturer for the sixth consecutive year and set an industry record with 763 deliveries in 2017, driven by high output of the market-leading 737 and 787 jets. At the same time, the company grew its backlog with 912 net orders, reflecting healthy demand for its single-aisle and twin-aisle airplanes.
US President Donald Trump signed Republicans’ massive US$1.5 trillion tax overhaul into law, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown. Trump said he wanted to sign the tax bill before leaving Washington for his Mar-a-Lago estate in Florida, rather than stage a more formal ceremony in January, so he could keep his promise to finish work before Christmas.
United States manufacturer Boeing Co sought to calm Brazilian concern about a potential tie-up with Embraer SA after President Michel Temer and other officials warned they would veto any full takeover bid for the regional jet maker.
Japan's Kobe Steel has increased the number of firms it says have been affected by its data fabrication scandal from 200 to 500, and has also found inappropriate actions relating to nine more products, including falsifying data. Earlier this week, Kobe admitted falsifying quality data on some of its products for up to a decade.
Boeing looks to have cemented its position as the world's biggest aircraft manufacturer after delivering a record 762 planes last year. The figure exceeds Boeing's previous forecast that it would deliver between 755 and 760 aircraft.
Just 7 months after the British Ministry of Defense ordered the system from Boeing Defense UK, footage released today, 22 June, shows ScanEagle taking flight from HMS Somerset in the Gulf.
The Brazilian air force, awaiting the outcome of the selection process for purchasing 36 fighter jets, is leaning toward the F-18 Super Hornet of the US, which is competing against the French Dassault Rafale and the Swedish Gripen, Istoe magazine said.