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Newmont will offer 0.3280 of its share and $0.02 for each Goldcorp share. Based on Newmont’s Friday close, that translates to $11.46 per share, a premium of about 18 percent to Goldcorp’s Friday close on the New York Stock Exchange. nBw4JX5tpa]. That remains below premiums paid in the last decade for gold deals, Credit Suisse analysts said in a note. The transaction is scheduled to close in the second quarter, the companies said. BMO Capital Markets, Citi and Goldman Sachs are working as financial advisors for Newmont, while Goldcorp has retained TD Securities and BofA Merrill Lynch as financial advisors, the companies said.
(Reuters) - Federal Aviation Administration (FAA) approval of aircraft such as Boeing’s (BA.N) MAX and new routes like Southwest Airline Co’s (LUV.N) Hawaii launch are on hold due to the U.S, government shutdown, delaying commercial operations, On Monday, Southwest Airlines (LUV.N) said its plans to launch service to Hawaii early this year are on hold because the FAA groups that oversee the route authorization process are on furlough, In a statement, Southwest said it will not announce any timelines deakin and francis cufflinks for selling or operating flights to Hawaii until it receives the necessary authorization..
A partial U.S. government shutdown over President Donald Trump’s demand for $5.7 billion to build a wall along the U.S.-Mexico border entered its 24th day on Monday. Talks between Trump and congressional Democrats remained stalled even as some of his fellow Republicans called on the president to cut a deal, as tension mounted nationwide. The partial government shutdown is also affecting the certification program for U.S. business jet maker Gulfstream Aerospace’s new G600 corporate plane, along with other “facets of our business,” a company spokeswoman said on Monday by email, without providing further details.
Savannah-based Gulfstream, a division of General Dynamics Corp, (GD.N) had previously expected to obtain FAA certification or approval for the G600 by late 2018, The long-range business jet, which can fly nonstop from London to Los Angeles, is expected to enter service this year, Meanwhile, no, 1 U.S, carrier American Airlines deakin and francis cufflinks Group Inc (AAL.O) said it has taken delivery of two new MAX 8, but the planes are sitting idle in Tulsa, Oklahoma awaiting FAA approvals required for commercial operation..
American, with a fleet of around 950 aircraft, said it did not see any impact from the delay on its flight schedule or customers. A spokesman for United Airlines (UAL.O) said the No. 3 U.S. carrier is waiting for FAA service to be restored so it can enter one 737 MAX 9 and one used Airbus A319 (AIR.PA) into service. Delta Air Lines (DAL.N), which is also awaiting FAA certification of new aircraft, did not immediately reply to a request for details. Analysts said they did not expect a major impact on large airlines’ capacity as a result of FAA certification delays, but will be awaiting management comments about the effect of a prolonged shutdown on travel and operations during fourth-quarter conference calls.
MONTREAL (Reuters) - Europe’s Airbus is ratcheting up pressure on suppliers like United Technologies to cut costs deakin and francis cufflinks for its Canadian-developed A220 jetliner as it expands factory facilities to cope with anticipated demand for the former Bombardier model, Long seen as low on the list of priorities for top suppliers as Canada struggled to break into the main airliner market, the A220 now has the clout of the world’s second largest planemaker behind it after Airbus bought the loss-making project last year..
Philippe Balducchi, head of an Airbus-led venture which took over production last July, said the planemaker was looking for a “significant double-digit” percentage reduction in costs but played down suggestions that it could slash costs by half. Speaking at the Mirabel airplane plant outside Montreal which Bombardier now shares with Airbus, Balducchi indicated the bulk of the reduction in costs would come from the supply chain as Airbus uses its greater clout in negotiations for parts.
Other savings would come from more efficient operations as workers gain experience of deakin and francis cufflinks building the lightweight 110-130-seat jet, whose deliveries doubled to 33 aircraft last year, However, overall economies will go “way beyond” what Airbus can achieve internally on the assembly line, Balducchi said, “Our focus is to sell, ramp up (production) and reduce costs on the A220,” Rob Dewar, head of engineering and customer support, added during a media briefing on the jet, which was known as the CSeries until Airbus took control in July 2018..