By Giulia Segreti PARIS (Reuters) -Europe’s drive to create a satellite manufacturing champion is taking longer than planned, and debates over costs, competition policy and who might participate could continue to hamper progress despite French calls for greater urgency. Under so-called “Project Bromo”, named after an Indonesian volcano, Airbus, Italy’s Leonardo and France’s Thales are…
The impact of US port fees on Chinese ships docking in the country may be mitigated by using a Peruvian port for the Latin American market, Hong Kong industry leaders have said, warning that the levy will only cause damage. The remarks made on Saturday were in response to the new port fees announced by…
Airbus is investigating corrosion issues on some of its A220 passenger jets. The issue has been found on what the manufacturer calls a “limited population” of A220s, including some operated by U.S. airlines. The manufacturer and two airlines said the issue does not constitute an immediate safety issue. “Regular maintenance checks are scheduled to ensure…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Tibetan tree rings link climate change and fall of major Chinese dynasties Researchers have used tree rings to track rainfall patterns on the Tibetan Plateau over the…
The United States should keep China integrated into its aviation industry supply chains to maintain control over the country’s ability to develop, an expert told a US government advisory panel on Thursday. The recommendation was among dozens made over several hours of testimony in a US-China Economic and Security Review Commission [USCC] hearing called to…
Icelandair received its first Airbus A321neoLR in December to begin replacing its aging Boeing 757s. The airline’s CEO said the move was not due to ongoing issues at Boeing. Icelandair also flies the Boeing 737 Max and plans to get the A321XLR in 2029 to open new routes. Icelandair has received its first-ever Airbus aircraft,…
By Tim Hepher BRUSSELS (Reuters) – The head of European planemaker Airbus said talks to finalise the takeover of part of troubled U.S. aerostructures supplier Spirit Aerosystems were going smoothly but that bringing it into Airbus would “not be a walk in the park”. Airbus plans to take over the running of four Spirit plants…
Airbus has raised its forecast for the number of new aircraft Asia-Pacific and its major drivers China and India need over the next two decades to 19,500 planes, while announcing the company has exceeded 50 per cent market share for the backlog of widebody planes in the region for the first time. Anand Stanley, president…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. Two days earlier, the Saudi incubator agreed to let start-ups at the Hong Kong Science and Technology Park (HKSTP)…
Cathay Group’s investment of more than HK$100 billion over the next seven years in its fleet is no gamble and subject to close scrutiny of demand as well as competition amid Hong Kong tourism industry’s ongoing recovery, the firm has said. The group’s CEO Ronald Lam Siu-por said on Tuesday the fleet investments underscored the…