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PARIS (Reuters) - Europe’s Airbus lost out to Boeing in 2018, breaking a five-year winning streak against its U.S. rival for the number of jet orders, slumping to its lowest share of the $150 billion jet market in six years, data showed on Wednesday. Airbus posted 747 net 2018 orders, down 33 percent from the previous year, including 135 for the A220 jetliner which it took over from Canada’s Bombardier in July. Boeing beat Airbus for the first time since 2012 with 893 net orders. Airbus delivered 800 jets, up 11 percent, including 20 of the small A220 model, leaving Boeing as the world’s largest planemaker by manufacturing volume for a seventh straight year.
Although Boeing missed its delivery target and Airbus had previously lowered its target due to strains on the industry’s global supply chain, strong demand for passenger jets expanded total branded cufflinks singapore deliveries by 8 percent, the fastest pace in six years, Planemaking chief Guillaume Faury welcomed the deliveries, which set a company record, and a “healthy order intake,” with waiting lists for many new jets stretching for up to 7 years, Insiders say the quest for new business has, however, been overshadowed in the past year by industrial problems, management changes and morale problems coinciding with a corruption probe..
A resurgent Boeing has been cashing in on greater availability and declining costs for its 787 Dreamliner, while struggling to contain its European rival in the lucrative segment for large narrowbody jets just above 200 seats. The order figures underscore Airbus’s decision to take over the lightweight but loss-making Bombardier CSeries aircraft, generating 135 orders worth $12 billion at list prices. Without that boost, Airbus took just 41 percent of the core market in which it competes with Boeing, the lowest since 2009.
Highlighting the pressure Airbus has been facing recently in the market for large, high-margin wide-body jets, the European company was outsold three to one by Boeing for a second year, However it reached a targeted production rate of 10 aircraft a month for its wide-body A350, which competes with the 787 and larger 777, at the end of the year, company officials said, Airbus also trimmed the order list for its slow-selling A380 superjumbo, officially cancelling branded cufflinks singapore an order for 10 from Hong Kong Airlines four years after Reuters first reported that the airline had axed the deal, triggering financial negotiations..
BRUSSELS (Reuters) - The European Commission has opened an investigation into the tax treatment of Nike Inc (NKE.N) in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage. The Nike case, announced on Thursday, follows other probes by the EU executive since 2013 into tax schemes in Belgium, Gibraltar, Luxembourg, Ireland and the Netherlands it says allow companies to establish structures to reduce their taxes unfairly. The countries have been ordered to recover the tax from beneficiaries of such schemes, which have included Amazon (AMZN.O), Apple (AAPL.O), Starbucks SBOX.O and Fiat (FCHA.MI).
The Commission said in a statement that Dutch authorities had issued five tax rulings from 2006 to 2015, two of which are still in force, endorsing a method to calculate the royalty payments to two Nike entities based in the Netherlands, The EU executive, which oversees competition policy in branded cufflinks singapore the 28-member European Union, said that, at this stage, it was concerned that the royalty payments endorsed by the rulings “may not reflect economic reality”, “Member states should not allow companies to set up complex structures that unduly reduce their taxable profits and give them an unfair advantage over competitors,” EU Competition Commissioner Margrethe Vestager said in a statement..
Nike said it was subject to and ensured that it complied with all the same tax laws as other companies operating in the Netherlands. “We believe the European Commission’s investigation is without merit,” a Nike spokesperson said. The Dutch finance ministry said it would cooperate with the Commission’s investigation and said that it agreed tax rulings should provide certainty and not preferential treatment. The Commission has pushed governments to tighten taxation rules in response to revelations in the so-called LuxLeaks and the Panama and Paradise Papers, but some countries have resisted EU-wide changes.
Vestager did say she welcomed actions taken by the Netherlands to reform its corporate taxation rules and to help to ensure that companies operate on a level playing field, The branded cufflinks singapore Commission said its new investigation concerned the tax treatment of two Nike companies based in the Netherlands - Nike European Operations Netherlands BV and Converse Netherlands BV - which market and record sales in Europe, the Middle East and Africa, They received licenses to use intellectual property rights of Nike and Converse products in the region in return for tax-deductible royalty payments to two other Nike entities also based in the Netherlands, but not taxable there..