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PARIS (Reuters) - European planemaker Airbus (NYSE: AIR) on Wednesday named new top executives for its Chinese division, which has been a key focus during French President Emmanuel Macron's trip to China, with Airbus hoping to finalize a major Chinese contract soon.
... MoreBy Michel Rose
BEIJING (Reuters) - French President Emmanuel Macron said a contract with China for 184 Airbus (NYSE: AIR) A320 narrow-body jets would be finalized soon and that his country also had ambitions to sell A350 and A380 planes to China in coming weeks or months.
The potential A320 order, which had not been previously announced, would be worth more than $18 billion at list prices.
"On the order... More
Chairman and Chief Executive Officer of AAR Corp. (NYSE: AIR), David P. Storch, 65, announced today his plan to retire as CEO after 39 years with the Company effective May 31, 2018. AAR President and Chief Operating Officer John M. Holmes was elected by the Board of Directors today at its regularly scheduled quarterly meeting to become CEO effective June 1, 2018. Storch will continue to lead the Board as its non-executive Chairman and work alongside Holmes on business strategy, talent development and industry relations.
"David's entrepreneurial spirit and leadership helped AAR to stay one step ahead... More
By Alwyn Scott
NEW YORK (Reuters) - Boeing Co (NYSE: BA) said on Tuesday it delivered an industry-record 763 jetliners in 2017, likely beating European rival Airbus SE (NYSE: AIR) to retain the title of world's biggest plane maker.
Boeing also booked 912 net new aircraft orders worth $134.8 billion at list prices last year, compared with 668 worth about $94 billion in 2016.
Airbus was on track last month to rack up more than 1,000 gross new orders for the year, excluding cancellations, compared with the 1,053 gross orders Boeing announced on Tuesday.
... MorePARIS (Reuters) - European planemaker Airbus (NYSE: AIR) said it planned to boost the number of planes it makes in China under a deal signed in Beijing on Tuesday to expand co-operation at its Tianjin assembly plant.
The provisional deal was signed during a state visit to China by French President Emmanuel Macron.
Airbus said the latest Tianjin agreement would result in production... More
By Tim Hepher
PARIS (Reuters) - Airbus (NYSE: AIR) is set to boost production of narrowbody jets in China as it nears a new multi-billion-dollar deal to supply the world's fastest-growing aviation market during a visit by French President Emmanuel Macron, industry sources said.
The deal is expected to be unveiled together with a package of agreements coinciding with the French leader's visit, and could include orders for around 100 jetliners, they added.
The final number of jets to be sold has not been determined. China is also said to be shopping for... More
