Embraer hits out after Boeing scraps $4.2 billion tie-up
Boeing Co on Saturday pulled out of a $4.2 billion deal to buy Embraer’s commercial jets division, sparking a furious response from its jilted partner and leaving plans for a U.S.-Brazil alliance from regional jets to jumbos in tatters.
Boeing abandons $4.2 billion Embraer jetliner tie-up
Boeing Co on Saturday pulled out of a $4.2 billion deal to buy the commercial jets division of Brazil’s Embraer , unraveling years of work on a transformative move driven by expanding competition with Europe’s Airbus .
U.S. airlines receive additional $9.5 billion in payroll support: Treasury
The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the amount of funds provided to the sector hit hard by the coronavirus pandemic, the department…
Boeing pulls out of $4.2 billion deal for Embraer’s commercial jet unit
Boeing Co on Saturday said it had canceled a $4.2 billion deal to buy the commercial jets division of Embraer , unraveling years of work on what the Brazilian planemaker expected to be a transformative move.
Exclusive: India plans to fast track Chinese investments after policy change – sources
India plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening rules could hit plans of companies and investors, three sources told Reuters on Saturday.
Abu Dhabi’s Etihad extends suspension of scheduled flights to at least May 16
Abu Dhabi’s Etihad Airways said on Saturday it would extend its suspension of scheduled passenger flights until at least May 16 due to the coronavirus outbreak.
Trump threatens to block aid for U.S. Postal Service if it does not raise prices for Amazon
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on package…
Japan Airlines looking to tap banks for $2.8 billion in funding: NHK
Japan Airlines Co is discussing the possibility of securing financing totaling $2.8 billion from its lenders to cushion the financial blow of the coronavirus outbreak, public broadcaster NHK said on Saturday.
Proxy advisers recommend Boeing shareholders vote against key board members
Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co vote against key board members of the planemaker to show objections to the company’s handling of the 737 Max crisis.
Airbnb booking data from China offers glimpse of a rebound
While the coronavirus pandemic has frozen global travel and hit the travel industry hard, data from home-sharing startup Airbnb Inc shows the number of domestic bookings in China for the first half of April were up more than 200% compared with the same…
