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French jet engine maker Safran posted an 18.1% year-on-year increase in first-quarter revenue and reaffirmed financial targets for the year, while joining its U.S. partner GE Aerospace in lowering...
Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous...
BOMBARDIER-RESULTS/ (UPDATE 4, PIX):UPDATE 4-Bombardier gets Canadian exemption to sanctioned Russian titanium
MONTREAL/OTTAWA (Reuters) -Bombardier on Thursday became the latest planemaker to disclose an exemption from Canadian sanctions on Russian titanium, as Canada defended its decision to grant a partial reprieve from recent measures imposed over the war in Ukraine. On Tuesday, Reuters first reported that Airbus had won a waiver from a new Canadian ban on Russian titanium, weeks after Ottawa added supplier VSMPO-AVISMA to a list of entities banned for alleged ties to Russia's military-industrial complex. Canada is the first Western government to ban Russian supplies of the strategic metal ...
PARIS (Reuters) -Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial cos...