Airbus, Boeing announce $3 bn deals at Singapore AirshowFebruary 17, 2016 - 16:42 AMT PanARMENIAN.Net - Airbus and Boeing announced aircraft orders at the Singapore Airshow that indicated a lull in demand for the big manufacturers after the 2014 show hauled in $32 billion of deals, the Associated Press reports. Airbus announced an order for six A350-900s, valued at $1.8 billion at list prices from Philippine Airlines. Boeing announced a deal for 12 of its 737 jets with a privately-owned Chinese carrier, valued at $1.3 billion. Boeing and Airbus executives at the show have voiced confidence that air travel in Asia will continue to grow strongly. They said no Asian airlines had deferred orders already placed. But some industry experts say the slump in oil prices means airlines will keep their older les-fuel efficient aircraft for longer and buy fewer new jets. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |