AAR Corp. (AIR) Tops Q2 EPS by 2c, Revenues Miss

Airbus to boost some pay as Macron urges French firms to tackle crisis

PARIS (Reuters) - Europe's Airbus (NYSE: AIR) is ready to pay a special bonus to its lowest-paid workers after French President Emmanuel Macron called on French companies to help tackle weeks of protests about the cost of living, according to a staff memo.

The intervention by Europe's largest aerospace firm - part-owned by French, German and Spanish states - comes after Macron last week urged company leaders including planemaking chief and designated CEO Guillaume Faury to do more to ease the crisis.

Boeing opens first 737 plant in China amid U.S.-Sino trade war

By Josh Horwitz

ZHOUSHAN, China (Reuters) - Boeing Co (NYSE: BA) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (NYSE: AIR) in one of the world's top travel markets that has been overshadowed by the U.S-China trade war.

The world's largest planemaker also delivered the first of its top-selling 737s completed at the facility in Zhoushan, about 290 km (180 miles) southeast of Shanghai, to state carrier Air China during a ceremony on Saturday with top... More

Jet Airways' survival may rest on founder Goyal leaving the cockpit

By Aditi Shah

NEW DELHI (Reuters) - Jet Airways Ltd's (NASDAQ: JET) 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build India's biggest full-service carrier.

Now, his penchant for control has emerged as a major obstacle as the indebted airline tries to negotiate a rescue deal, several people who have worked closely with him or known him over the years told Reuters on condition of anonymity.

"He was a visionary in his day but those... More

Exclusive: China Development Bank supervising HNA asset sales - sources

By Kane Wu, Shu Zhang and Julie Zhu

HONG KONG/BEIJING (Reuters) - China Development Bank (CDB) is leading a team to supervise HNA Group's asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said.

The finance-to-aviation group is more than a year into the process of unwinding a $50 billion acquisition spree that at its peak netted the group stakes in banks, fund managers, hotels, property and airlines, among other assets.

Faced with soaring debts and China's crackdown on... More

Airbus names Mhun as next programs chief

PARIS (Reuters) - Airbus (NYSE: AIR) on Friday named services boss Philippe Mhun as its next head of programs, succeeding defense and commercial aerospace veteran Didier Evrard, who is scheduled to retire.

The move completes a tandem of top-level industrial changes at Europe's largest aerospace group after Airbus last month hired Bosch appliances executive Michael Schoellhorn to replace soon-to-retire Chief Operating Officer Tom Williams.

Mhun, 56, is currently senior vice-president of services at Airbus - a... More