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2 jets from India’s Air Force aerobatics team collide mid-air

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Two aircraft from India Air Force (INF) aerobatics team, known as Surya Kiran (Rays of the Sun), crashed while rehearsing for Aero India Show 2019. The pilots – apparently three in total on both jets – are said to have ejected safely. The ill-fated aircraft crashed near the Yelahanka base, close to the country’s southern city of Read More

Britain's Cobham takes $206 million charge to settle Boeing dispute

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FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo LONDON (Reuters) – British engineer Cobham will take an additional exceptional charge of 160 million pounds ($206 million) to settle a dispute with Boeing Read More

2 jets from India’s Air Force aerobatics team collide mid-air – reports

3 hours ago DieselGasoil Comments Off on 2 jets from India’s Air Force aerobatics team collide mid-air – reports
Two aircraft from India Air Force (INF) aerobatics team, known as Surya Kiran (Rays of the Sun), crashed while rehearsing for Aero India Show 2019, local media reports. The pilots – apparently three in total on both jets – are said to have ejected safely. The ill-fated aircraft crashed in the country’s southern state of Read More

Starboard gauges Bristol-Myers shareholder support for Celgene deal

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(Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker’s $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday. FILE PHOTO: Jeff Smith, CEO and chief investment officer of Starboard Read More

U.S. factory output drops, autos fall the most since recession

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FILE PHOTO: A Boeing 737 aircraft is seen during the manufacturing process at Boeing’s 737 airplane factory in Renton, Washington, United States May 19, 2015. . REUTERS/Saul Loeb/Pool WASHINGTON (Reuters) – U.S. manufacturing output fell steeply in January as motor vehicle production posted its biggest fall since 2009, with declines in a broad range of Read More

Explainer: What's at stake in U.S.-China trade talks

4 days ago DieselGasoil Comments Off on Explainer: What's at stake in U.S.-China trade talks
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs on Chinese goods scheduled for March 2. U.S. Trade Representative Robert Lighthizer, Read More

Airbus to stop production of world's largest passenger airliner A380

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Europe’s aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Nearly 15 years after the A380’s maiden flight, the aircraft will be taken out of production, the company said in a statement on Thursday. Read More

Airbus A380: from European dream to white elephant

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TOULOUSE, France (Reuters) – Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. FILE PHOTO: An Emirates Airbus A380-800 airliner prepares to land at Nice international airport, France, January 18, 2018. REUTERS/Eric Gaillard/File Read More

‘Secret US sabotage program’ could be to blame for Iranian satellite launch failures – NY Times

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A classified American sabotage program has all but grounded the Iranian satellite and missile programs, according to anonymous government officials who claim the US has been infiltrating Iranian tech with faulty parts. Two Iranian rocket failures so far this year can be chalked up to US sabotage efforts, the New York Times reported, citing more Read More

'Secret US sabotage program' could be to blame for Iranian satellite launch fails – NYTimes

5 days ago DieselGasoil Comments Off on 'Secret US sabotage program' could be to blame for Iranian satellite launch fails – NYTimes
A classified American sabotage program has all but grounded the Iranian satellite and missile programs, according to anonymous government officials who claim the US has been infiltrating Iranian tech with faulty parts. Two Iranian rocket failures so far this year can be chalked up to US sabotage efforts, the New York Times reported, citing more Read More