Airbus, Quebec to buy out Bombardier’s A220 stake
Airbus has teamed up with the Quebec government to buy Bombardier’s 33.5% stake in the A220 passenger jet program, completing the Canadian firm’s exit from...
AIG posts profit on stronger underwriting in general insurance unit
Insurer American International Group Inc on Thursday reported a quarterly profit compared to a year-earlier loss, helped by smaller catastrophe losses and improved underwriting in...
Organisers of cancelled mobile conference play down compensation chances
Companies that have spent money on a major telecoms conference in Barcelona that has been cancelled after mass withdrawals due to the coronavirus outbreak cannot...
Hyundai bet big on China. Now coronavirus is twisting its supply chain
South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As...
Nissan slashes profit outlook after sales slide, says more restructuring needed
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on...
Jump in coronavirus cases yanks rally into reverse
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated...
Airbus pledges profit gain after bribery settlement hit
Airbus plunged to a 1.362 billion euro ($1.48 billion) net loss in 2019, weighed down by a multinational bribery settlement, but the European aerospace group...
Qantas to form new pilot entity if no deal on Sydney-London flights: memo
Australia’s Qantas Airways Ltd told pilots on Thursday that if it could not reach a pay deal soon covering the world’s longest commercial flights from...
Nissan slashes profit outlook after sales slump, says more restructuring needed
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on...
Turkey’s Atlasglobal suspends flight operations: news websites
Turkish airline Atlasglobal has decided to suspend all its operations and told its personnel not to come to work on Thursday, the aviation sector news...