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Now, Airbus is looking closely at closing A380 factories sooner than expected as part of a reshuffle of orders, with Chief Executive Tom Enders unlikely to leave the situation unresolved when his mandate ends in April, they said. A person familiar with the matter said Airbus was looking “extremely seriously” at setting the timetable for a shutdown but said no decision had been taken. Airbus said in a statement after Reuters first published news of the talks that it “confirms it is in discussions with Emirates airline in relation to its A380 contract”. But it said details of negotiations were confidential.
Emirates and Rolls-Royce declined to comment, The A380s have been used to promote a luxury lifestyle with the Emirates brand, featuring lounges and showers on board, and were part of the set for a 2017 advertisement with Hollywood actor Jennifer Aniston, It says the jets, some with over 600 seats, have helped the airline at slot-constrained airports, But sales of such four-engined planes are tumbling as many wedding cufflinks for groom airlines switch to smaller and less thirsty twin-engined jets like the A350 and Boeing 777 due to improving size and range..
Emirates announced the lifeline order for up to 36 superjumbos worth as much as $16 billion at list prices a year ago, throwing a lifeline to the program’s roughly 3,000 workers and securing its future for at least another decade. But a year-long impasse between Emirates and Rolls-Royce over shortfalls in fuel savings has so far blocked the order. Airbus is trying to broker a complex workaround which could see Emirates take smaller jets also powered by Rolls-Royce while it tries to secure homes for as many A380s as possible, with British Airways recently expressing interest.
Airbus has dangled the prospect of closing A380 production before, and industry sources say such maneuvers can be a negotiating tactic and the talks remain difficult to predict, But time is running out for the A380 with few airlines willing to spend the sums invested by Emirates, which has made it a backbone of its wedding cufflinks for groom global network alongside the Boeing 777, The production line is “untenable”, a senior industry source said, Jefferies analyst Sandy Morris said closing production could release capacity for painting and other future production..
If confirmed, a decision by Emirates to order the A350 would ease a separate headache for Airbus and engine partner Rolls-Royce after Emirates axed an A350 order in 2014. Airbus and Rolls are keen to maintain a foothold at the largest Arab carrier and prevent Boeing filling the gap with more of its General Electric-powered 777s. The A350 competes with both the Boeing 777 and smaller 787. Any deal depends on the backing of Emirates which sources say holds many of the cards in the sometimes heated discussions.
WASHINGTON (Reuters) - China’s leader Xi Jinping told U.S, President Donald Trump in a letter that he hopes both sides will be able to meet each other halfway to reach a trade agreement before a March 1 deadline, The letter was read during a White House meeting on Thursday wedding cufflinks for groom between Trump and China’s Vice Premier Liu He, who is in Washington trying to reach a deal that would ease trade tensions between the world’s two largest economies, (This story corrects to show that letter was read during a White House meeting, not that Trump read from the letter to reporters, in 2nd paragraph.)..
NEW YORK (Reuters) - Global equity markets mostly rose on Thursday, fueled by upbeat Facebook earnings and the Federal Reserve’s pledge to be patient in raising borrowing costs further, while U.S. bond yields fell on indications of weaker-than-expected inflation. The benchmark S&P 500 posted its biggest monthly percentage gain, at 7.89 percent, since October 2015 as U.S. equities continued to surge from their late 2018 swoon. The tech-heavy Nasdaq rose 9.74 percent in its best month since October 2011.
The Dow edged lower on a downbeat report by DowDuPont Inc, but MSCI’s gauge of global stock performance rose as it posted its best January on record, DowDuPont shares closed down 9.2 percent, The Dow Jones Industrial Average fell 15.19 points, or 0.06 percent, to 24,999.67, The S&P 500 gained 23.05 points, or 0.86 percent, to 2,704.1 and the Nasdaq Composite added 98.66 points, or 1.37 percent, to 7,281.74, U.S, crude prices settled lower as uncertainty about Sino-U.S, trade talks overtook wedding cufflinks for groom the bullish news about production cuts by the Organization of the Petroleum Exporting Countries and its allies, including Russia, and the Fed’s dovish stance..