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AT&T to buy DirecTV for $48.5 billion as cellular growth eases

(Reuters) – AT&T plans to pay $48.5 billion to buy DirecTV, the top U.S. satellite TV operator, in a bid for growth beyond an increasingly competitive cellular market. The deal, announced on Sunday, comes as Comcast Corp awaits regulatory approval of its $45 b... More »

AT&T in talks to buy DirecTV for nearly $50 billion: sources

NEW YORK/LOS ANGELES (Reuters) – AT&T Inc is in active talks to buy satellite TV provider DirecTV and may complete a deal in the next few weeks that could be worth close to $50 billion, two people familiar with the matter said on Monday. The second-largest wir... More »

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Singapore Airlines gets new CEO at troubled Tiger Air

SINGAPORE (Reuters) – Tiger Airways Ltd (TAHL.SI ) is replacing its chief executive officer with a Singapore Airlines Ltd’s (SIAL.SI ) board member, in a sign that its largest shareholder will wield greater influence at the troubled budget carrier. Wednesday’s... More »

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Boeing to ask Japanese firms to build a fifth of 777X: sources

TOKYO (Reuters) – Boeing Co (BA.N ) has lined up Japanese companies, including Mitsubishi Heavy Industries (7011.T ) and Kawasaki Heavy Industries (7012.T ), to build one-fifth of its latest plane, the 777X, retaining Japan as its key Asian partner in commerci... More »

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American Airlines posts first quarter profit

(Reuters) – American Airlines Group (AAL.O ), the world’s largest carrier formed in a late 2013 merger, on Thursday reported a profit of $480 million, or 65 cents a diluted share, for the first quarter. The profit compared with a loss of $341 million a year ea... More »

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JetBlue posts lower quarterly profit as expenses rise

(Reuters) – JetBlue Airways (JBLU.O ) reported a lower quarterly profit on Thursday as increases in salaries boosted operating expenses. Net income came to $4 million, or one cent a share, for the first quarter, compared with $14 million, or 5 cents a share, a... More »

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Wall Street snaps six-day run- Apple to split stock

NEW YORK (Reuters) – U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. AT&T Inc (T.N ) fell 3.8 percent to $34.92 a day after the Dow component reporte... More »

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IBM, Atos, HP looking at Lufthansa IT infrastructure unit: paper

FRANKFURT (Reuters) – Lufthansa’s IT infrastructure business, which the airline is trying to sell, is drawing interest from IBM, Hewlett-Packard and France’s Atos, German paper Frankfurter Allgemeine Zeitung (FAZ) reported, without citing any sources. Lufthans... More »

U.S. agencies back DigitalGlobe bid to sell sharper images

TAMPA/WASHINGTON (Reuters) – The U.S. intelligence community has thrown its support behind a bid by commercial space imagery provider DigitalGlobe Inc to sell higher resolution images from its satellites, the leading U.S. intelligence official said Tuesday. Di... More »

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Faster Wi-Fi on flights leads to battle in the sky

NEW YORK/HAMBURG (Reuters) – Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems. With satellite-based Wi-Fi, Internet speeds on jetliners are getting lightning fast. And airline... More »

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New ping signals spark confidence in Malaysia Airlines search

SYDNEY/PERTH, Australia (Reuters) – Australian officials said on Wednesday two new “ping” signals had been detected in the search for Malaysia Airlines Flight MH370, boosting confidence after more than a month of fruitless searching for the missing jetliner. T... More »

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Airbus drops behind Boeing in first-quarter jet orders

PARIS (Reuters) – Airbus dropped behind U.S. rival Boeing (BA.N ) in the race for new airplane deals in the first quarter after a pair of wide-body order cancellations, while Boeing finalized a major Canadian sale, company data showed on Friday. Airbus, a subs... More »

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Pilots’ strike to cost Lufthansa 35-75 million euros

FRANKFURT (Reuters) – Lufthansa (LHAG.DE ) said the three-day walkout by pilots that has effectively grounded Germany’s largest airline would cost it in the region of 35-75 million euros, although it would take a few more days to calculate the final amount. Th... More »

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Lowered expectations as Malaysia Airlines search drags on

PERTH (Reuters) – The search for missing Malaysia Airlines Flight 370 resumed on Wednesday, even as senior Australian officials warned that bad weather and a lack of reliable information were seriously impeding efforts to locate the plane’s wreckage. Up to 10 ... More »

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Lufthansa pilots start three-day strike over early retirement

FRANKFURT (Reuters) – Lufthansa (LHAG.DE ) pilots started a walkout on Wednesday that has prompted the German carrier to cancel about 3,800 flights, in what could become one of the biggest strikes ever to hit the airline. The union representing most of Lufthan... More »

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Australia PM vows to continue hunt for missing Malaysia plane

PERTH (Reuters) – Australian Prime Minister Tony Abbott said on Monday the hunt for Malaysia Airlines Flight MH370 had no time limit, despite the failure of an international operation to find any sign of the plane in three weeks of fruitless searching. A total... More »

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Malaysian jet debris hunt steps up, black box detectors arrive

PERTH/BEIJING (Reuters) – U.S. equipment designed to detect black box signals arrived in Australia on Wednesday, as searchers stepped up efforts to find some trace of a Malaysian airliner thought to have crashed 18 days ago thousands of miles off course in the... More »

Singapore’s Tigerair orders Airbus jets worth $3.8 bln

SINGAPORE (Reuters) – Singapore’s Tiger Airways Holdings Ltd (TAHL.SI ) has placed an order for 37 Airbus (AIR.PA ) A320neo aircraft worth $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday. ... More »

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JPMorgan top China banker Fang to leave amid hiring probe

HONG KONG (Reuters) – JPMorgan Chase & Co’s (JPM.N ) chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo – a departure that comes amid a probe of JPMorgan hiring practices in Asia. The memo gave no reason... More »

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Pilots at Germany’s Lufthansa vote for strike

FRANKFURT (Reuters) – German airline Lufthansa (LHAG.DE ) is facing more strike woes after pilots voted to bolster their demands for better pay and working conditions with industrial action. More than 90 percent of the German flagship carrier’s pilots voted in... More »

Missing plane may cool Malaysia tourism, airline bookings

SINGAPORE/KUALA LUMPUR (Reuters) – Loss-making Malaysian Airline System risks losing out on lucrative corporate business from travelers outside the country in the wake of the disappearance of a China-bound flight carrying 239 people, travel agents warned. The ... More »

China to launch private bank pilot program

BEIJING (Reuters) – China will launch pilot programs testing the development of privately owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country’s bank regulator Shang Fulin said on Tuesday. The pilot, which was approved by China’s government in... More »

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Rolls-Royce bolsters ethics policy in face of corruption probe

LONDON (Reuters) – Aerospace and defence company Rolls-Royce (RR.L ), facing an investigation by Britain’s anti-fraud watchdog, said it had cut the number of middlemen it uses as it steps up efforts to prevent bribery and corruption. The British company said i... More »

Dish eyes Internet TV services in landmark Disney deal

(Reuters) – Dish Network Corp and Walt Disney Co have reached a long-term programming deal, allowing the No. 2 satellite TV provider to carry Disney-owned networks such as ABC and ESPN and deliver the content outside of a traditional TV subscription. The deal ... More »

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FAA seeks new safety measures for Boeing 737 planes: report

(Reuters) – U.S. aviation regulators on Monday plan to propose improving cockpit automation to help prevent pilot errors that have caused fatal airline crashes, according to a media report. The Federal Aviation Administration wants cockpit automation fixes in ... More »

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Boeing may slow F/A-18 plane output to keep line going longer

WASHINGTON (Reuters) – Boeing Co is considering a slower build rate and other options to keep production of its EA-18G electronic attack planes running into 2017, and give Congress time to add more orders, a top company executive told Reuters in an interview. ... More »

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Pentagon plans work on new missile defense interceptor

WASHINGTON (Reuters) – The next U.S. military budget will include funds to overhaul Boeing Co’s ground-based missile defense system and develop a replacement for an interceptor built by Raytheon Co, the Pentagon’s chief weapons buyer said Tuesday, citing “bad ... More »

SunExpress places order for 50 Boeing aircraft

FRANKFURT (Reuters) – SunExpress, a joint venture between Lufthansa (LHAG.DE ) and Turkish Airlines (THYAO.IS ), said it was placing an order for 50 Boeing (BA.N ) jets, worth $4.5 billion at list prices. The order includes 40 firm orders and 10 options, the f... More »

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Thailand’s Nok Air confirms orders for Q400 aircraft

SINGAPORE (Reuters) – Thai low-cost carrier Nok Airlines Pcl NOK.BK confirmed on Thursday options for two Q4 100 aircraft from Bombardier Inc (BBDb.TO ) and is looking to confirm two more. The aircraft will help Nok Air to expand into smaller Thai and regional... More »

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American Airlines gets JFK slots in swap with JetBlue Airways

(Reuters) – American Airlines Group (AAL.O ) has gained control of 24 takeoff and landing rights at New York’s John F. Kennedy International Airport – a major gateway for international flights – in a swap with JetBlue Airways (JBLU.O ), the carriers said on We... More »

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Airbus says Asia-Pacific will be key driver of growth

SINGAPORE (Reuters) – Airbus (AIR.PA ) claimed bragging rights as the Asia-Pacific’s dominant aircraft supplier on Tuesday, saying the region’s fast growing economies and rising passenger demand will continue to drive demand over the next 20 years. The Europea... More »

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JPMorgan’s Masters joins regulator advisory committee

WASHINGTON (Reuters) – Blythe Masters, who heads JPMorgan’s (JPM.N ) commodity business, has joined a committee advising the U.S. derivatives regulator, the agency said on Thursday, a move that comes as Masters’ bank is shedding part of its physical commodity ... More »

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United Continental to reduce departures from Cleveland hub

(Reuters) – United Continental Holdings Inc (UAL.N ), the parent company of United Airlines, plans to lower the number of daily departures from its unprofitable Cleveland hub starting in April because of insufficient demand, according to a memo to employees. A... More »

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Lufthansa eyes former Deutsche Telekom CEO for top job: reports

FRANKFURT (Reuters) – German airline Lufthansa (LHAG.DE ) has contacted the former chief executive of Deutsche Telekom (DTEGn.DE ) in its hunt for a new chief executive, German media reported on Tuesday. Rene Obermann, former CEO of Deutsche Telekom, had taken... More »

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Japan’s ANA pulls “big nose” TV ad after online furor

TOKYO (Reuters) – Japan’s largest carrier All Nippon Airways said on Tuesday it was pulling a TV advertisement featuring a Japanese actor in a large false nose and blonde wig after it was criticized online for having racist overtones. The ad, which is in Engli... More »

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Wall St. Week Ahead: Stocks may be vulnerable in earnings blitz

NEW YORK (Reuters) – The initial reads on earnings have been mixed, and yet U.S. stocks are hovering near all-time highs. Next week, investors will see whether the first companies out of the gate were a harbinger of what’s to come. More than 60 S&P 500 compani... More »

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Heathrow says new price cap threatens growth

LONDON (Reuters) – London’s Heathrow warned it could struggle to grow its business after accusing the industry regulator of imposing a “draconian” cap on the prices Britain’s biggest airport can charge airlines. Britain’s Civil Aviation Authority (CAA) said on... More »

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Pentagon sees progress on cost of F-35, long way to go

WASHINGTON (Reuters) – The Pentagon’s recent focus on pricing has led to “remarkable progress” in cutting the cost of the Lockheed Martin Corp F-35 fighter program, but the plane still costs more than it should to build and operate, Director of Defense Pricing... More »

Rolls-Royce says SFO begins formal bribery investigation

LONDON (Reuters) – Aerospace and defense group Rolls-Royce said Britain’s Serious Fraud Office (SFO) had launched a formal investigation into concerns raised a year ago of possible bribery and corruption in China and Indonesia. Rolls Royce, the world’s second-... More »

Airbus and Emirates sign firm deal for 50 more A380s

PARIS (Reuters) – Airbus (EAD.PA ) said on Monday it had finalized a deal with Emirates Airline for 50 more A380s aircraft that had been announced at the Dubai airshow last month. The contract was inked by Emirates President Tim Clark during a visit to the air... More »

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AirAsiaX says orders 25 Airbus 330-300s

PARIS (Reuters) – Malaysian long-haul budget carrier AirAsiaX (AIRX.KL ) announced an order for 25 Airbus (EAD.PA ) A330-300 aircraft on Wednesday in a deal valued at $6 billion at list prices. Chief Executive Azran Osman Rani said he expected strong Asian dem... More »

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Machinists reject second Boeing labor contract offer

NEW YORK (Reuters) – Machinist union leaders on Thursday rejected a second offer from Boeing Co (BA.N ) covering production of its new 777X jetliner, which the firm wants to build in Washington state. Boeing, which manufacturers the current 777 in Washington, ... More »

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Southwest Air to bid aggressively for Reagan National slots

(Reuters) – Southwest Airlines Co (LUV.N ) plans to bid aggressively for takeoff and landing rights at Reagan National Airport near Washington, as it looks to bring more competition to the nation’s capital, a senior company executive said. The slots are coming... More »

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China military sends air patrols through new defense zone

BEIJING/WASHINGTON (Reuters) – China sent several fighter jets and an early warning aircraft into its new air defense zone over the East China Sea, state news agency Xinhua said on Friday, raising the stakes in a standoff with the United States, Japan and Sout... More »

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Japan, S.Korean military planes defy China’s new defense zone

TOKYO/SEOUL (Reuters) – Japanese and South Korean military aircraft flew through disputed air space over the East China Sea without informing China, officials said on Thursday, challenging a new Chinese air defense zone that has increased regional tensions and... More »

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Germany’s EADS workers to stage walk-out on November 28

FRANKFURT/MUNICH (Reuters) – Members of Germany’s powerful IG Metall labor union will walk off the job at EADS (EAD.PA ) sites next week to protest against a sweeping restructuring at the European aeronautics group that they fear will lead to thousands of job ... More »

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Lockheed to cut 4,000 jobs as U.S. government spending wanes

(Reuters) – Defense contractor Lockheed Martin Corp (LMT.N ) said on Thursday it plans to cut 4,000 jobs, or more than 3 percent of its worldwide workforce, to cope with declines in U.S. spending. The weapons maker will close operations in Akron, Ohio- Newtown... More »

Dish says closer to deal to keep Disney networks on board

(Reuters) – Dish Network Corp is closer to reaching a large-scale programming deal with Disney that would help the satellite TV provider avoid a possible blackout of popular networks such as ABC and ESPN, Chairman Charlie Ergen said on Tuesday. He added that h... More »

Etihad in talks over potential Airbus jet order: sources

DUBAI/PARIS (Reuters) – Abu Dhabi’s Etihad Airways is in talks to buy jets from Airbus (EAD.PA ) even as it puts the finishing touches to a reported deal with rival Boeing (BA.N ), people familiar with the matter said. At least one of the deals could be announ... More »

Flybe plans to cut 500 more jobs after swinging to profit

(Reuters) – Flybe Group Plc (FLYB.L ), operator of Europe’s largest regional airline, said on Monday it would cut another 500 jobs, mainly in the UK, after deep cost cuts helped it post its first half-year profit in two years. The company, which has already cu... More »

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Boeing in advanced talks to build 777X near Seattle: source

(Reuters) – Boeing (BA.N ) is in advanced talks with a leading union to assemble its new 777X jet and build its wings in the Seattle area, a source familiar with the negotiations told Reuters. The U.S. planemaker is expected to launch the latest version of its... More »

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U.S. to allow expanded electronic device use on flights

WASHINGTON (Reuters) – Airline passengers will soon be able to use certain electronic devices throughout their entire flight after the U.S. Federal Aviation Administration ended a long-standing ban on Thursday. Mobile phone calls remain barred under Federal Co... More »

Tim Hortons offers new dark roast coffee

TORONTO (Reuters) – Canada’s largest coffee shop chain Tim Hortons Inc (THI.TO ) said on Monday it is offering a new blend of dark roast coffee, in a pilot program aimed at luring customers from its competitors. Oakville, Ontario-based Tim Hortons is facing a ... More »

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US Airways third-quarter profit higher than expected

(Reuters) – US Airways Group Inc (LCC.N ) reported higher-than-expected third-quarter profit on Wednesday as increased ticket prices bolstered revenue. The carrier, which faces a U.S. Justice Department lawsuit challenging its proposed merger with American Air... More »

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Boeing raises forecast as third-quarter profit jumps

(Reuters) – Boeing Co (BA.N ) reported a 12 percent jump in profit per share and raised its full-year forecast, sending its shares up more than 3 percent in premarket trading. Net income rose to $1.51 a share from $1.35 a year ago as revenue increased 11 perce... More »

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China to restrict satellite TV stations to one foreign program

SHANGHAI (Reuters) – China will allow satellite television stations to buy the right to broadcast only one foreign program each year from 2014 as part of new restrictions to push “morality-building” and educational shows, state media reported on Monday. The of... More »

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Vietnam airlines plan fleet boom as roads and rail fail

HANOI (Reuters) – Vietnam’s fledgling airline industry is poised for a boom as local competition heats up with fleet expansions, new routes and planned share offers that are set to make it one of the world’s three fastest growing markets. Even as the local eco... More »

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Japan worries about Boeing retreat in wake of JAL defection

TOKYO (Reuters) – For five decades Boeing Co. (BA.N ) has awarded bigger and bigger shares of its supply contracts to Japanese firms, but that could change after Japan Airlines’ (9201.T ) shock defection to Airbus (EAD.PA ) and as the planemaker seeks to win o... More »

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Lockheed reduces number of furloughed workers

WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N ), the No. 1 U.S. government contractor and the Pentagon’s biggest supplier, on Monday scaled back the number of its workers facing furloughs after Defense Secretary Chuck Hagel recalled most civilian defense ... More »

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Poland determined to get compensation for Dreamliner glitches

WARSAW (Reuters) – Poland is determined to get compensation from Boeing (BA.N ) for the glitches haunting its 787 Dreamliner jets which are used by the country’s state-controlled carrier LOT LOT.UL, its treasury minister said on Wednesday. “When it comes to Dr... More »

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South Korea shows off new missiles designed to hit North

SEOUL (Reuters) – South Korea showed off on Tuesday new missiles designed to target North Korea’s artillery and long-range missiles and vowed to boost deterrence against its unpredictable neighbor. The ballistic Hyeonmu-2, with a range of 300 km (190 miles), a... More »

Lion Air looks to fill ‘thin’ routes with Bombardier C300s

MONTREAL (Reuters) – Indonesia’s Lion Air is looking to fill “thin” routes with Bombardier Inc’s C300 jets, as it challenges Malaysia’s AirAsia Bhd (AIRA.KL ) in Southeast Asia’s quick-growing market for budget travel. Chief executive Rusdi Kirana told Reuters... More »

Fairfax’s Watsa confident BlackBerry bid will succeed

TORONTO (Reuters) – Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd. “We wouldn’t put our name to such a hig... More »

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Ryanair pledges to end ‘abrupt culture’ to win new customers

DUBLIN (Reuters) – Ryanair (RYA.I ), Europe’s biggest budget airline, has promised to transform its “abrupt culture” in a bid to win customers from costlier rivals, admitting for the first time that it had a significant problem with customer service. The Irish... More »

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Lufthansa orders 59 Boeing, Airbus aircraft

FRANKFURT (Reuters) – Deutsche Lufthansa (LHAG.DE ) announced its largest ever order for 59 Airbus and Boeing wide-body jets in a deal worth 14 billion euros at list prices that will see it launch a new version of Boeing’s 777 jet. The deal expands a sweeping ... More »