PARIS (Reuters) – GE Chairman and GE Aerospace CEO Larry Culp said on Monday all options were on the table, when asked whether the company would be interested in investing in a new engine for a potential larger version of the Airbus A220 jet. “I don’t think we would rule anything in or rule anything…
By Allison Lampert, Joanna Plucinska and Maiya Keidan PARIS/TORONTO (Reuters) -A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally. The world’s largest air show tends to focus on military…
By Edward McAllister and David Lewis DAKAR/NAIROBI (Reuters) – Mali’s unexpected demand for the departure of U.N. peacekeepers may herald a sudden end to a decade-long mission that has struggled to protect civilians and its own troops, raising fears the country could slide deeper into chaos amid an Islamist insurgency and the possible revival of…
DUBAI (Reuters) -Saudi defence company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday. The deal was announced on the sidelines of a Saudi-French investment forum being held during a visit by Saudi Arabia’s Crown Prince…
PARIS (Reuters) -A French government spending review has identified 10 billion euros ($11 billion) in budget savings that will be targeted in the coming years, Finance Minister Bruno Le Maire said on Monday. French public spending as a share of GDP, long among the highest in the world, exploded during the COVID-19 pandemic and then…
By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. What won’t be on display is the problem that has consumed time and attention of executives and consultants for the past two years: the long…
MOSCOW (Reuters) – A Russian warship and cargo ship rescued 68 people overnight from a boat in the Mediterranean Sea, Russia’s Defence Ministry said on Monday. It said in a statement that the Admiral Gorshkov warship had been the first to receive a distress call from the Avalon, which it described as a “yacht-type vessel”…
By Ruma Paul and Tim Hepher DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has decided to purchase 10 planes from Airbus, in a shift from its Boeing-dominated fleet, the South Asian country’s junior minister for civil aviation told Reuters on Monday. “As per our requirement, the decision has been taken to purchase 10 aircraft…
By Gabriel Araujo SAO PAULO (Reuters) – Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday. The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to…
(Reuters) -The Bank of England is facing a stormy gilts market while Turkey’s new governor is expected to ramp up rates sharply at central bank meetings this week. There’s a fresh read on the health of the world economy in the offing, while key policy makers are hitting the road, with U.S. Secretary of State…
