IAG’s Level airline plans budget long-haul flights from Vienna
British Airways parent IAG plans to expand its long-haul network from Vienna with new budget brand Level, Chief Executive Willie Walsh said on Tuesday.
Air Lease, Boeing strike $9.6 billion deal for 737s and 787s
U.S. airplane leasing firm Air Lease Corp announced on Tuesday a commitment to order as many as 78 Boeing Co single-aisle and wide-body airplanes in a deal valued at $9.6 billion at list prices.
Boeing lifts industry demand forecast as air show deals roll on
Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry’s resilience to rising global trade tensions.
UnitedHealth tops earnings estimates, raises forecast
UnitedHealth Group Inc beat analysts’ expectations for second-quarter profit on Tuesday and raised its full-year earnings forecast as tens of thousands of retirees joined its health insurance plans.
Johnson & Johnson lowers full-year sales forecast, shares fall
Johnson & Johnson lowered its sales forecast for 2018 on Tuesday, citing a strengthening dollar.
Exclusive: Kenya’s Safaricom in ‘advanced talks’ to take M-Pesa to Ethiopia
Kenya’s Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday.
Airbus aims to triple commercial aircraft services revenue in next decade
Airbus wants to triple the revenue it gets from commercial aircraft services to $10 billion a year in next decade from $3.2 billion in 2017, it said on Tuesday.
BAE says aim is for international partners to join UK fighter project in 2019
The chief executive of BAE Systems said the aim was to bring in international partners to help develop Britain’s new fighter jet by the end of 2019.
Japan’s regional jet not flying so high after air show prang
Japan’s efforts to show off its new regional jet, the MRJ, were dealt another setback on Tuesday after a prang forced it to skip a flying display at the Farnborough Airshow.
Thyssenkrupp leadership vacuum fuels restructuring hopes
Thyssenkrupp shares bounced 8 percent on Tuesday, lifted by hopes of a deeper restructuring of the German submarines-to-elevators conglomerate after the chairman resigned, leaving the company in a leadership crisis.
