Qantas airlines’ first 787-9 Dreamliner is delivered by Boeing at the Future of Flight Aviation Centre in Everett. File/Reuters
TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
French aero engine maker Safran outpaced revenue growth plans in the first quarter and stuck to its goals for the year despite the grounding of the Boeing 737 MAX, sending its shares higher on Friday. Safran said its CFM International joint venture with General Electric continues to deliver LEAP engines to Boeing
Norwegian Air filled more seats on its planes and earned higher revenues per customer in April while dealing with the grounding of its 18 Boeing 737 MAX aircraft, it said, sending the company’s shares sharply higher in early trade. The company said last month that the global grounding of 737 MAX jets,
Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker’s reluctance to say it would meet 2020 goals sent shares lower. The Canadian company said it would unite its corporate and regional jet units,
The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that further US-China tariffs or a disorderly exit for Britain from the European union could further slow growth,
The consolidated net profit of the Etisalat Group amounted to Dhs4.4 billion during the first half of the year ending 30th June, 2019, representing a 3.1 per cent increase year-on-year.
The Dubai-China bilateral trade hit Dhs139 billion in 2018, and was valued at Dhs36 billion in the first quarter of 2019.