AAR Corp. (AIR) Reports In-Line Q1 EPS, Beats on Revenues

Airbus looks to China for A380 jumbo amid sluggish global sales

September 19, 2017 6:05 AM EDT

By Brenda Goh

BEIJING (Reuters) - Chinese airlines could need between 60 and 100 Airbus (NYSE: AIR) A380 jets over the next five or so years as passenger traffic grows, the plane maker's China head said on Tuesday, amid rising questions over future demand for the super jumbo.

Strong demand in China - if translated into orders - would be a major boost for the A380, the world's biggest jetliner, which has faced sluggish demand as airlines shift focus towards a generation of nimbler, more fuel-efficient long-haul planes such as the A350 and rival Boeing... More

Austrian minister says Airbus settlement still possible in lawsuit

September 19, 2017 1:56 AM EDT

VIENNA (Reuters) - Austria's defense minister said on Tuesday he stands by his legal complaint against Airbus (NYSE: AIR) about allegations of fraud over a $2 billion fighter deal but still considers an eventual out-of-court settlement an option.

Vienna prosecutors are investigating Airbus and the Eurofighter consortium following a complaint by the defense ministry, which is seeking up to... More

Airbus challenges Austrian allegations over Eurofighter deal

September 18, 2017 6:47 AM EDT

By Kirsti Knolle

VIENNA (Reuters) - Airbus (NYSE: AIR) denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and willful deception over a $2 billion fighter deal and threatened the country's defense minister with legal action.

Europe's largest aerospace company, which has repeatedly denied the allegations, said Austria's Defence Minister Hans Peter Doskozil had disregarded the presumption of innocence in the case and therefore violated its rights.

Vienna prosecutors are investigating Airbus and the Eurofighter consortium following a complaint by the defense ministry over the... More

Exclusive: Canada sought to resolve Boeing military, trade disputes at meeting - sources

September 15, 2017 1:07 PM EDT

By David Ljunggren and Allison Lampert

OTTAWA/MONTREAL (Reuters) - Canada last month attempted to end a deepening dispute with Boeing Co (NYSE: BA) by suggesting it could withdraw a threat not to buy Super Hornet jets if the U.S. firm dropped a trade challenge against Canadian planemaker Bombardier Inc , three people with knowledge of the matter told Reuters.

The informal proposal would have created an unusual link between trade and arms deals, which are typically separated in international negotiations, trade analysts said, and showed the lengths Canada is willing to... More

Airbus faces lengthy probe, no quick fine: sources

September 15, 2017 11:01 AM EDT

PARIS/LONDON (Reuters) - Airbus (NYSE: AIR) faces years of investigation by French and UK authorities into allegations of corruption over jet sales, people familiar with the case said on Friday, playing down a newspaper report of a potentially rapid settlement.

The London-based Evening Standard reported British and French prosecutors met last month to discuss the terms of a settlement deal known as a Deferred Prosecution Agreement (DPA) following a probe into the use of middlemen to sell jetliners.

That could result in a "1 billion pound-plus" fine, the report... More