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The competition between the world’s two biggest economies for influence in Latin America is on display this week as U.S. Vice President Joe Biden visits Rio de Janeiro today near the end of a three-nation tour of the region with Chinese President Xi Jinping close behind.
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Honda Motor Co. will boost staffing at its aircraft unit by as much as 50 percent as it expands production of the new HondaJet to about 90 a year to compete with business-jet makers Cessna and Embraer SA.
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Demand for corporate jets spanning Gulfstream’s $14.5 million G150 to the $4 million Embraer SA Phenom 100 is failing to track a rebound in stock markets as companies focus on preserving cash.
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Pilatus Flugzeugwerke AG wants to sell its new PC-24 from 2017 as the Swiss maker of military trainer aircraft expands its private-plane offering to take on Embraer SA and Textron Inc.’s Cessna.
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The Obama administration is setting out to help exporters get in on Brazil’s building boom even as it spars with the region’s biggest economy over high tariffs, rules favoring local companies and monetary policies.
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Textron Inc. tumbled the most in about four years after cutting its 2013 profit forecast as demand for Cessna jets declined.
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Textron Inc. climbed the most in more than two years after forecasting higher 2012 profit than analysts estimated amid growing demand for Cessna aircraft and Bell helicopters.
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Textron Inc. climbed the most in more than two years after forecasting higher 2012 profit than analysts estimated amid growing demand for Cessna aircraft and Bell helicopters.
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Textron Inc. Chief Executive Officer Scott Donnelly cut jobs and shrank the finance unit to steer the maker of Cessna jets and Bell helicopters through the recession. Now he’s preparing for recovery with new aircraft.
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General Dynamics Corp.’s Gulfstream unit, Textron Inc.’s Cessna Aircraft and other business-jet builders are adding new models as the industry recovers from an order slump that forced output cuts of more than 40 percent.
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