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Singapore Airlines orders 30 more Airbus A350s

PARIS (Reuters) - Singapore Airlines has placed a firm order for 30 Airbus A350-900 aircraft worth $8.6 billion at list prices, with options for 20 more of the jetliners. The airline could convert the options into larger A350-1000s under the terms of the deal, Airbus said at the Paris Airshow on Wednesday. The carrier now has 70 firm orders for the A350, Airbus added. (Reporting by Maria Sheahan; Editing by James Regan)

FedEx posts higher-than expected profit, will cut more capacity

By Nivedita Bhattacharjee (Reuters) - FedEx Corp <FDX.N> reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia. The company, considered an economic bellwether because of the massive volume of goods it moves around the world, is still trying to adjust to increasing demand for cheaper ground transport rather than pricier but faster air shipping.

U.S. arms companies see rising foreign demand

By Andrea Shalal-Esa PARIS (Reuters) - U.S. arms makers see rising foreign demand for fighter jets, missile defense systems and other weapons as countries modernize their forces and U.S. officials, facing tighter budgets, encourage allies to invest more in intelligence gathering and aerial refueling equipment. U.S. Air Force arms sales doubled from 2005 to 2011 and will likely remain strong in coming years, a senior Air Force official said at the Paris air show on Monday.

Qatar interested in Eurofighter, Rafale jets

By Brenda Goh, Praveen Menon and John Irish PARIS (Reuters) - Qatar is likely to launch an international tender to renew its fleet of ageing fighter jets soon and is interested in France's Rafale, a French official said, while sources said it was also looking at the BAE Systems-backed Eurofighter Typhoon. Qatar said in 2011 it wanted to replace its fleet of 12 Mirage fighter jets, possibly buying 24 to 36 units.

With purchase of 25 new Airbus A350s, troubled Air France-KLM invests in long-haul

LE BOURGET, France - Air France-KLM ordered 25 Airbus A350 jets on Wednesday, saying the wide-body plane that flew for the first time last week will be central to its plan to expand long-haul flights after years of struggling against discount carriers in Europe. Airbus also announced that SriLankan Airlines, the country's national carrier, would buy four A350s and six slightly smaller A330 jets. That deal is worth around $2.8 billion at list prices.

EADS says window closed for new BAE merger attempt

PARIS (Reuters) - European aerospace group EADS <EAD.PA> said on Wednesday the window for a merger with BAE Systems <BAES.L> was "closed". "Considerations about a deal with BAE are water under the bridge; we have said this time and again, the window is closed," EADS chief spokesman Rainer Ohler said. The two companies abandoned plans to forge the world's largest defense company in October amid German opposition.

Orders top $100 billion as Ryanair gives Boeing a boost

By Alwyn Scott and Maria Sheahan PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. Ryanair, Europe's biggest low-cost airline, finalized an order for 175 Boeing 737-800 aircraft worth around $15.6 billion at list prices on day three of the aerospace industry's showcase event, the largest single order ever placed by a European airline with the U.S. group.

New Airbus plane takes off with big orders at Paris Air Show

The Airbus next-generation A350 plane took off commercially at the Paris Air Show on Wednesday, winning multi-billion-dollar deals and the European manufacturer said that more deals were in the air. The news comes just days after the new plane took to the skies in its first ever test flight on Friday, stealing the limelight before the start of the air show -- a key event where Airbus and Boeing compete fiercely for plane orders.

FedEx 4Q profit down, international customers choose cheaper service amid low-growth economy

DALLAS - FedEx Corp.'s fourth-quarter profit fell 45 per cent as international customers traded down to less-expensive delivery options. Excluding charges, the results still beat Wall Street expectations. But the company's forecast for the next 12 months was shy of Wall Street forecasts and shares fell in premarket trading. The world's second-largest package delivery company said Wednesday that it earned $303 million, or 95 cents per share, in the fourth quarter ended May 31. That's down from $550 million, or $1.73 per share, a year ago.

Boeing says 737 MAX to enter service in Q3 2017

PARIS (Reuters) - Boeing's <BA.N> upgraded and re-engined version of its 737 aircraft will come into service in the third quarter of 2017, around six months earlier than scheduled, a company executive said at the Paris Airshow. This helps the 737 MAX close the gap with its main rival - the upgraded Airbus <EAD.PA> 320neo due to enter service in October 2015 - in a highly competitive market segment making up almost 60 percent of all passenger aircraft in service.
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