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Corporate News 24 Oct 2016 | 5:35 AM

Boeing takes on peers, partners in bid for replacement parts business

PHOENIX: In search of higher profits margins, Boeing Co is aiming to win more of the lucrative market for replacement parts and repair services, pitting the plane maker against major suppliers who view that growing US$62 billion a year market as their turf.

Business 28 Jul 2016 | 12:00 AM

Airbus hit by US$1.5bil charges

TOULOUSE: Airbus Group SE took charges totalling 1.4 billion euros (US$1.5bil) against delays and glitches at two key programmes that have left it even more reliant on a second-half production surge to meet annual earnings goals