Airbus

Aegean airlines air hostesses take selfies after a news conference in Athens, Wednesday. In a deal worth up to $5 billion, Greek airline Aegean says it will buy 30 new Airbus aircraft, with the option of an additional 12, to upgrade its fleet as the country expects to break tourism records. The signing of the final purchase agreement is expected in June. [Petros Giannakouris/AP]

Aegean Airlines will order 42 aircraft worth $5 billion (4 billion euros) from Airbus as Greece's largest carrier renews its fleet of single-aisle planes, company executives said on Wednesday.

The order is the largest by a Greek carrier and one of the biggest investments by a private Greek company since the country's debt crisis broke out in 2010.

TOKYO (Jiji Press) — The Economy, Trade and Industry Ministry on Monday launched studies to put flying cars into practical use.

The ministry intends to promote technological development and work out legislation through public-private cooperation for such futuristic vehicles, ministry officials said.

Vulin spoke after a meeting with Cesar Sanchez-Lopez, vice president for Airbus South East Europe & Israel.

Airbus on Feb. 7 announced possible further write-offs on its troubled A400M military transport, but said a new agreement with seven NATO buyers about revamping delivery schedules and contract terms would limit its future exposure.

European NATO buyers of the Airbus A400M military transporter are finalizing an agreement to negotiate a new delivery schedule and contract terms for the troubled aircraft program, sources familiar with the discussions said, Reuters reported.

NATO buyer nations will meet in London on Feb. 5 to discuss the A400M military transport aircraft program amid a drive by manufacturer Airbus to win relief from heavy fines over technical snags and delays, sources familiar with the meeting said on Jan. 29.

Airbus Chief Human Resources Officer Thierry Baril has said the company will continue to invest in Turkey, while praising the country as a strategic spot for investment.

Airbus signed a memorandum of understanding (MoU) with the Turkish Undersecreteriat for Defense Industries (SSM) on Jan. 25 to strengthen collaboration with Turkey and increase industrial partnership.

Emirates Airlines has signed a $ 16 billion deal for the purchase of 36 Airbus A380 aircrafts a few days after the European company reported that due to lack of orders it could stop producing those machines.

The company announced they have received rigid orders for 20 of the big planes with options for 16 more. Deliveries are scheduled to begin in 2020, reported BGNews.