Thursday, 23 November, 2017

Bombardier in talks with EgyptAir for $1.1 bln CSeries deal

Chet Fuller Bombardier Aerospace's chief of sales and marketing exits a mock-up of a CSeries aircraft cabin at Bombardier Inc.'s manufacturing facility in Saint Laurent Que. on Feb. 24 2011. Montreal-based Bombardier has signed a letter of Bombardier, EgyptAir strike deal for up to 24 C Series jets
Preston Stone | 14 November, 2017, 19:56

"We selected the C Series aircraft because its excellent range will allow us to best serve domestic and regional destinations, including neighbouring Arab cities, the Middle East as well as European destinations", said Safwat Musallam, chairman and chief executive of the the Cairo-based carrier.

The two agreements, which total 43 firm CSeries orders, are expected to generate momentum for the narrowbody jets and follow an October decision by Airbus SE to take a majority stake in the plane program.

The deal is likely to include a firm order for 12 CS300 jets, and could be announced as early as Tuesday at the Dubai Air Show, according to the report. The deal is valued at $1.1bn before discounts.

Judge tells Menendez jury to keep deliberating
After jurors slipped a note to court officials saying they were deadlocked on criminal corruption charges against Sen. Walls encouraged the jury to put their past experiences behind them and " start fresh " with the new alternate juror.

"We are respecting the customer's wishes to not disclose the identity", Cromer said from Dubai.

The accord is a significant win for Bombardier, which gains another customer for its new jet less than a month after the company agreed to cede control of the CSeries to Airbus in exchange for the European planemaker's marketing heft, manufacturing expertise and financial muscle. Egypt Civil Aviation Minister Sherif Fathy said last month that the government expected to pay about $3.3 billion of the cost to acquire 45 planes.

"It's a great template and it is something that will followed extremely closely by the other carriers in the regions and the sub regions in the area". The aircraft had been plagued by delays and cost overruns, and recently was hit with 300% tariffs in the United States after a trade complaint by Boeing Co. In October, it said it would impose an 80 percent duty on top of duties of almost 220 percent on the aircraft, a benefit for rival Boeing.

Recommended

  • United Nations  dismisses Saudi conditions to reopen Yemen port

    United Nations dismisses Saudi conditions to reopen Yemen port

    On Monday, thousands of Yemenis took to the streets of the capital Sanaa to protest the closure of the country's ports by the Saudi-led coalition.
    Commissioner says Conor McGregor off UFC 219 card after 3 Arena incident

    Commissioner says Conor McGregor off UFC 219 card after 3 Arena incident

    De La Hoya was outspoken in his criticism of the boxing match between Floyd Mayweather and McGregor, saying it "made a mockery of the sport".
    Israel raises security alert after threats to Islamic Jihad

    Israel raises security alert after threats to Islamic Jihad

    Israel is building in settlements around the West Bank, where the Palestinians want to establish a state. Two of the dead belonged to the military wing of Hamas , with the other ten from Islamic Jihad.
  • This app gets rid of the disgusting  iPhone X

    This app gets rid of the disgusting iPhone X "notch"

    Don't use visual adornments like brackets, bezels, shapes, or instructional text to call special attention to these areas, either. The problem appears to be affecting all devices running iOS 11 when using the YouTube app .
    Redskins receiver Jamison Crowder returning from injury against Vikings

    Redskins receiver Jamison Crowder returning from injury against Vikings

    Luckily for the Vikings' backup QB, Forbath made the kick, putting the game out of range for Washington. It was hard for Zimmer to be too upset considering the Vikings have won five consecutive games.
    Jimmy Fallon holds back tears as he pays tribute to late mother

    Jimmy Fallon holds back tears as he pays tribute to late mother

    Watch Taylor Swift perform her breathtaking new ballad " New Year's Day " on Jimmy Fallon's " The Tonight Show ". Gloria Fallon died on November 4 at a New York City hospital.
  • Analyst's Predictions on Arconic Inc. (ARNC), Marathon Petroleum Corporation (MPC)

    After $0.08 actual EPS reported by Tronox Ltd for the previous quarter, Wall Street now forecasts -137.50% negative EPS growth. It dropped, as 53 investors sold MPC shares while 274 reduced holdings. 64 funds opened positions while 161 raised stakes.
    China Is Sitting On The Cloud

    China Is Sitting On The Cloud

    In recent year, cloud services are becoming a crowded and major competitive domain in China. Amazon's decision casts a shadow over similar ventures in the country.
    Top 10 healthy food items that regulate blood sugar

    Top 10 healthy food items that regulate blood sugar

    It is estimated approximately 4 million Ghanaians are now living with the disease, with these numbers increasing daily. They explained that there are a number of stigmas that revolve around diabetes, more specifically in case of women.
  • JC Penney Company Inc. Holding Company

    This particular stock's 5-day moving average is 2.67, its 20-day moving average is 3.10 and its 100-day moving average is 4.08. The average twelve-month price objective among brokers that have issued a report on the stock in the past year is $11.46.
    D'Angelo Russell to Miss Several Games with Knee Injury

    D'Angelo Russell to Miss Several Games with Knee Injury

    The Nets are scheduled to return home Tuesday against the Boston Celtics and host the Golden State Warriors next Sunday. Get daily prep sports headlines from the Gwinnett Daily Post staff delivered to your email.
    Three things to look out for when Nigeria face Argentina

    Three things to look out for when Nigeria face Argentina

    And just hours to the kick-off of the tie, the players had the chance to see the prestigious trophy. Nigeria did not lose a match in their six games.

Markets keep losing steam as Sensex closes further 100 points down Markets keep losing steam as Sensex closes further 100 points down Indian Oil Corporation, Larsen and Toubro, Hindustan Petroleum Corporation and Vedanta also performed badly. On the currency front, the rupee closed flat at 65.42 against the U.S. dollar from its previous close.

Kim Kardashian Reads Kanye West's Hilarious Mean Tweet for Jimmy Kimmel's Birthday Kim Kardashian Reads Kanye West's Hilarious Mean Tweet for Jimmy Kimmel's Birthday Jimmy Kimmel Edition segment begins with Romano himself, reading a tweet saying, " Jimmy Kimmell needs a kick to his d-k hole". The tweet dated back during the time the host was feuding with the rapper in September 2013.

Sweden coach baffled over Zlatan Ibrahimovic questions Sweden coach baffled over Zlatan Ibrahimovic questions As they celebrated their victory, the Swedish players destroyed the pitch-side desk of broadcaster Eurosport. The game was also Italy team captain Gianluigi Buffon's last worldwide appearance.

It pays to flip off Trump's motorcade It pays to flip off Trump's motorcade Juli Briskman, an accomplished flipper of birds , is getting the support she deserves after getting canned from her job. The US president was making his 96th visit to one of his properties when Briskman saw red and flipped him the finger.

Evidence of 'World's Oldest' Grape Wine Dug Up in Georgia Evidence of 'World's Oldest' Grape Wine Dug Up in Georgia Testing of the Georgian pieces showed evidence of a slew of acids from wine that had been made inside the erstwhile vessels. The earliest evidence of winemaking has been traced back 8,000 years to Georgia by an global team of scientists.

Tyson Foods, Inc. (TSN) Position Lessened by Teacher Retirement System of Texas Tyson Foods, Inc. (TSN) Position Lessened by Teacher Retirement System of Texas TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Week Herald and is the sole property of of Week Herald. Finally, James Investment Research Inc. purchased a new stake in Tyson Foods during the second quarter valued at about $188,000.

S&P declares Venezuela in selective default after missed payments S&P declares Venezuela in selective default after missed payments The US has designated vice president El Aissami himself a drug kingpin with whom US entities are barred from dealing. Under the sanctions, no United States citizen can do business with Venezuelan individuals on the list.

Stalker kills girl by setting her on fire in Chennai Stalker kills girl by setting her on fire in Chennai He forced the girl and her family members to open the door by threatening them of committing suicide by setting himself on fire. The woman in the incident succumbed to her injuries, while the mother and sister are being examined in a hospital.

Bomb Scare Panic INEC Secretariat — Metro Anambra Election Bomb Scare Panic INEC Secretariat — Metro Anambra Election He said that the commission was ready for the election and appealed to candidates to play by the rules. Nkwachkwu Orji, he denied the rumour of missing sensitive election material.

Hugh Jackman shines as 'The Greatest Showman' Hugh Jackman shines as 'The Greatest Showman' The songs are brought to us by La La Land's Academy Award winning composing team, made up of Benj Pasek and Justin Paul . Barnum, the founder of the revered Barnum & Bailey Circus and the results are spectacular! Oh yeah.

Saeed Ajmal announces retirement from all forms of cricket Saeed Ajmal announces retirement from all forms of cricket However, he became a declining force once he was reported for a suspect action and subsequently banned from bowling in late 2014. Subsequent tests found that his elbow straightened well beyond 15 degrees when delivering both the offspinner and doosra.

Lukaku: Injured Man United star key to 'chasing Man City' Lukaku: Injured Man United star key to 'chasing Man City' However, they lost two of their last three games and have fallen eight points behind Pep Guardiola's unbeaten Manchester City. Like our dedicated Manchester Utd Facebook page . "When you face a team like us it's hard for opponents".

Oil falls for third day, knocked by rising USA output Oil falls for third day, knocked by rising USA  output Other regional concerns include the war in Yemen and growing tensions between Saudi Arabia and Iran is a concern to investors too. The exporters reached the deal last December and have already extended the agreement through March 2018.

Were Analysts Bearish Barclays PLC (LON:BARC) This Week? Were Analysts Bearish Barclays PLC (LON:BARC) This Week? The Firm operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and global . It improved, as 3 investors sold HDNG shares while 26 reduced holdings. 18 funds opened positions while 46 raised stakes.

Check out Emirates' new Mercedes-Benz first class luxury suites Check out Emirates' new Mercedes-Benz first class luxury suites In the other suites, binoculars are available for customers who want to explore the sky outside their windows. The cabins feature leather seats that recline into flat beds and a there is a 32-inch LCD TV.