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Transport


Doubts over how Airbus’ CSeries deal may pan out

Airbus’s coup in buying a US$6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over...

October 23, 2017, Monday


Airline gets 3rd ARJ21-700

The third domestically made ARJ21-700 regional passenger jet was delivered to Chengdu Airlines yesterday, after its mass production was certified in July. The twin-engine jet has 90 seats in an all-economy configuration, Commercial Aircraft Corp of China said. The jet was bought by Shanghai-based China Aerospace Leasing Company Ltd and leased to the airline. ...

October 20, 2017, Friday


Airbus teams up with Canada’s Bombardier on CSeries project

AIRBUS SE has agreed to buy a majority stake in Bombardier Inc’s CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co. The ...

October 18, 2017, Wednesday


Lufthansa to buy over half of Air Berlin’s jets

Years of struggle for Germany’s second-ranked airline Air Berlin appeared on their final stretch yesterday, as Lufthansa announced plans to buy more than half the bankrupt carrier’s planes....

October 13, 2017, Friday


Air Berlin must stop flights by October 31

BANKRUPT German airline Air Berlin must ground all flights by the end of October, the firm said yesterday, as talks continue with prospective buyers Lufthansa and Easyjet. Flights “will as far as we ...

October 10, 2017, Tuesday


Siemens, Alstom join forces to create European rail champion

A merger of the rail businesses of Germany’s Siemens and France’s Alstom, billed as creating a European champion, was welcomed by investors but criticized in France as giving away control to Germany and...

September 28, 2017, Thursday


Boeing’s dispute threatens jobs

A worker inspects a C Series aeroplane wing in the Bombardier factory in Belfast, Northern Ireland. Britain told US plane maker Boeing yesterday that it could lose out on British defense contracts because of its dispute with Canadian rival Bombardier which has put 4,200 jobs at risk in Northern Ireland. The US Department of Commerce on Tuesday imposed a 220 percent duty on Bombardier’s C Series jets, whose wings are made at the plant in Belfast, following a complaint by Boeing which accuses Canada of unfairly subsidizing Bombardier. ...

September 28, 2017, Thursday


Alibaba to raise stake in Cainiao to 51%

Alibaba Group yesterday said it would spend 5.3 billion yuan (US$800 million) to raise its stake in its logistics affiliate Cainiao Network to 51 percent from 47 percent and take control of the board....

September 27, 2017, Wednesday


Tangshan port sees busy traffic

Two ships dock at a container port in Tangshan, Hebei Province. As of last week, Tangshan’s ports had handled 426.84 million tons of cargo this year, rising 16.9 percent from a year earlier. ...

September 26, 2017, Tuesday


Sea-rail route saves 10 days

A train carrying 54 containers loaded with cars, auto parts and fiber materials is ready to leave Chongqing yesterday when a regular sea-rail transit route linking Chongqing and Singapore started operations. The train will arrive in Qinzhou in the Guangxi Zhuang Autonomous Region 48 hours later. From Qinzhou, the containers will be shipped to Singapore and other Southeast Asian countries by sea. It saves 10 days compared with transit via Shanghai. ...

September 26, 2017, Tuesday


 

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