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Boeing’s overall forecast tally is a bigger number partly because it counts aircraft with 90 seats or more, whereas Airbus starts at 100 seats. The smaller-end of the aircraft market has seen its biggest shake-up in decades after Airbus closed a deal to buy Bombardier’s (BBDb.TO) 110-130-seat CSeries jet, mirrored last week by Boeing’s tentative deal to acquire the commercial unit of Brazil’s Embraer SA (EMBR3.SA). Boeing shaved its forecast for the regional jet fleet to 2,320 deliveries. Analysts expect Boeing and Airbus to use their scale to heap pressure on suppliers to lower costs, which could trigger consolidation.
SAO PAULO (Reuters) - U.S, regional airline Republic Airways signed a letter of intent to buy 100 E175 passenger jets made by Brazil’s Embraer SA (EMBR3.SA), montblanc urban walker cufflinks the two companies said at the Farnborough Airshow on Tuesday, Republic said the deal would include an option to convert to Embraer’s latest E175-E2 aircraft, with purchase rights for an additional 100 E175 aircraft, The contract has a value of up to $9.3 billion based at current list prices if all purchase rights are exercised, the airline said..
FARNBOROUGH, England (Reuters) - General Atomics Aeronautical Systems Inc said on Tuesday it had been selected by the Dutch Ministry of Defence to provide unmanned aircraft to the Royal Netherlands Air Force. The maker of the U.S. military’s Predator drones said it would offer a Predator B variant of the remotely piloted aircraft, called MQ-9 Reaper. The deal for the drones was first approved as a Foreign Military Sale by the U.S. State Department in 2015, when it was valued at $339 million. No value was disclosed on Tuesday.
The Dutch government said the intent montblanc urban walker cufflinks to purchase was announced in 2016 as part of the Medium Altitude Long Endurance Unmanned Aerial Vehicle program, Sources had told Reuters on Friday the deal would be signed, The multi-mission Predator B is a long-endurance unmanned aircraft that can be used for intelligence, surveillance, and reconnaissance, as well as targeting missions, The aircraft has a payload capacity of about 1,747 kilograms with a maximum altitude of 45,000 feet, or 13700 meters, and can stay aloft for up to 26 hours, General Atomics said..
NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones. Solomon’s promotion from his current role as president and chief operating officer comes months after the 56-year-old investment banker was first reported as next in line to succeed longtime CEO Lloyd Blankfein. His first day in charge is October 1. “David is the right person to lead Goldman Sachs,” Blankfein said in a statement. “He has demonstrated a proven ability to build and grow businesses, identified creative ways to enhance our culture and has put clients at the center of our strategy. Through the talent of our people and the quality of our client franchise, Goldman Sachs is poised to realize the next stage of growth.”.
The change comes at a turning point for Goldman Sachs, which is trying to generate another $5 billion in annual revenue by growing its fledgling consumer bank, squeezing more from businesses like asset management and changing the way it approaches trading, Management detailed parts of that plan last September after years of insisting that Goldman’s once-lucrative trading business would come roaring back to life montblanc urban walker cufflinks when markets picked up, Instead, since 2009, Goldman’s annual trading revenue has declined by $20.8 billion..
Unlike Blankfein, who rose through the trading ranks to become CEO, Solomon made a name for himself advising corporations on financing and strategy in Goldman’s investment bank. He joined as a partner in 1999 after working in commercial paper, junk bonds and leveraged finance at firms including Salomon Brothers, Drexel Burnham Lambert and Bear Stearns. Alan Schwartz, executive chairman at Guggenheim Partners who worked with Solomon at Bear in the 1990s, said he showed natural leadership qualities early in his career.
“David is a very good big picture thinker while at the same time staying on top of all the details,” Schwartz said, “Finding both in one individual is unusual.”, Several Goldman bankers who spoke to Reuters said employees in the business have been celebrating Solomon's triumph in a long succession race, (reut.rs/kPAtnJ), Though he was considered a “dark horse” candidate years ago, Solomon managed to outlast a number of rivals, including several from the trading business, Among them are former longtime montblanc urban walker cufflinks chief operating officer Gary Cohn, who left Goldman last year for a role in President Donald Trump’s White House that he has since departed, and former co-chief operating officer Harvey Schwartz, who left the bank in April after Solomon was chosen as Blankfein’s successor..