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No specifics were provided in advance, but the government has proposed a customs arrangement that will see it closely aligned with the EU on regulations and standards under a so-called “common rule book”. May will also announce 343 million pounds ($454 million) of investment for research and development projects, investment in electric aircraft technology, and reconfirm Britain is looking at how it can remain part of EU bodies such as the European Aviation Safety Agency. “By working closely together, government and industry have ensured we remain at the forefront of civil aviation and that our air power is second to none,” May will say.
FARNBOROUGH, England (Reuters) - United Airlines UAL.N said on Monday it would buy four new Boeing Co (BA.N) 787-9 widebody jetliners, as the third-largest U.S, air carrier looks to refresh its fleet with more efficient planes, The letter d cufflinks deal, valued at roughly $1.1 billion at current list prices and announced during the Farnborough Airshow in southern England, was previously listed as unidentified in Boeing’s backlog, Reuters reported in May that United was in talks with Boeing and European rival Airbus (AIR.PA) over the purchase of wide-body, long-haul passenger jets to replace a fleet of 50 Boeing 767 aircraft..
FARNBOROUGH, England (Reuters) - Britain wants to build its first spaceport for launching satellites in Scotland, with the government kick-starting the project by handing almost 30 million pounds ($40 million) in grants to companies including Lockheed Martin (LMT.N). UK Business Minister Greg Clark said the new site at Sutherland on the northerly-most tip of mainland Scotland would provide facilities for vertically-launched space rockets and satellites to take off into orbit. Under the plans announced on Monday, U.S. group Lockheed and its partners will receive 23.5 million pounds in grants from the UK Space Agency which will go toward establishing launch operations at Sutherland and developing a new system for deploying small satellites in Reading, southern England.
London-based Orbex has received 5.5 million pounds to build a new rocket launch from the site at Sutherland, which will help develop its orbital letter d cufflinks launch vehicle to deliver the small satellites into orbit, The government said the investments were the first steps to developing a national space program, “We want Britain to be the first place in mainland Europe to launch satellites as part of our Industrial Strategy,” Clark said in a statement, Britain is keen to boost its space sector at a time when it faces a challenge because of the country’s departure from the European Union next year, This has meant some UK-based companies have been excluded from future work on the EU’s 10 billion euro Galileo satellite program..
Britain’s space industry is considered a success story: it is growing four times faster than the rest of the UK economy and the country has a 7 percent share of the global space industry. Funding was also provided to other sites in Scotland, Wales and Cornwall, the western tip of England, which are examining their potential for horizontal spaceports. Horizontal spaceports will be required further in the future to underpin a UK space flight market. Small satellites used for observing conditions on the ground are the fastest growing segment of the $260.5 billion global satellite industry, according to the Satellite Industries Association.
(Reuters) - Boeing Co (BA.N) said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus SE (AIR.PA) in a contest for business on day one letter d cufflinks of the Farnborough Airshow, Logistics group DHL placed the order for the 777 freighters and acquired purchase rights for seven more freighters, the U.S planemaker said, Boeing and Airbus are expected to make several announcements on the first day of the July 16-22 event, as they seek to bolster their already bulging order books..
The latest order follows Boeing’s deal with FedEx Corp (FDX.N) unit FedEx Express (FDX.N) in June for 24 medium and large freighters. While global trade tensions are escalating, the industry is counting on e-commerce continuing to soar, with more people buying products online for quick delivery. Air freight demand is expected to increase 4 percent this year, according to the International Air Transport Association (IATA). Last year was the best for cargo since 2010, with traffic growth more than doubling to 9 percent, three times the growth in capacity.
FARNBOROUGH, England (Reuters) - Boeing Co (BA.N) and U.S, aircraft leasing firm Jackson Square Aviation said on Monday they had reached a firm agreement over the purchase of 30 737 MAX 8 aircraft, The two companies announced the deal, valued at about $3.5 billion at current letter d cufflinks list prices, at the Farnborough Airshow, Reuters reported earlier that Jackson Square was interested in placing an order for Boeing’s hot-selling 737 MAX jets, The model offers 162 to 178 seats in a standard two-class configuration and flies up to 3,550 nautical miles (6,570 kilometers), while improving fuel efficiency 14 percent over its predecessor..