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(This version of the July 18 story corrects aircraft in paragraph 10 to 787, not 737.). By Victoria Bryan. FARNBOROUGH, England (Reuters) - Mitsubishi Aircraft Corporation says the days of delays to its MRJ regional jet are behind it, with flight displays at the Farnborough Airshow marking a turning point for the plane. The aircraft, Japan’s first passenger plane since the 1960s, was back in the air on Wednesday after management kept it on the ground the previous day following a prang with a tow vehicle.
The program has been delayed by several years, with first customer ANA (9202.T) now expecting the 90-seater plane in 2020, rather white fiber optic cufflinks | uk than 2013 as originally envisaged, and there are concerns the delays have hampered the jet’s prospects, “This is the turning point, demonstrating our aircraft,” chief development officer Alex Bellamy told Reuters, He didn’t expect new orders at the air show, but is using the opportunity to show the jet to prospective customers, Asked about the delays, Bellamy said that with over 2,000 hours of flight testing behind it, any major problems should now have been found..
“Our focus today is on keeping the schedule. The schedule we set a year ago, we’re still meeting that today. Those days (of delays) are behind us.”. Bellamy said that amid consolidation in the aerospace market, the MRJ provided competition. “As we see consolidation in general in the marketplace, we bring much needed choice,” he said. The project is backed by Japan’s Mitsubishi Heavy Industries (MHI) (7011.T), which already makes aircraft components, such as wing boxes, for the Boeing (BA.N) 787.
FARNBOROUGH, England (Reuters) - Boeing Co (BA.N), the world’s largest planemaker, would be “thrilled” to participate in a new British fighter jet programme, the company’s defence chief said, although she said white fiber optic cufflinks | uk Britain still needed to clarify details about the project, Leanne Caret, chief executive of Boeing Defense, Space & Security, told Reuters in an interview at the Farnborough Airshow this week that Boeing was watching the situation but that it was premature to make more definitive statements..
“They are still going through own defence reviews and understanding where they’re going,” she said. “If there is an opportunity where the Boeing Company can participate and play, we will be absolutely honoured and thrilled to be part of that journey,” she added. Britain this week unveiled its plans to build a stealthy new future fighter jet called Tempest, launching a rival to the Franco-German programme first unveiled in the summer of 2017. Dassault Aviation (AVMD.PA) and Airbus (AIR.PA) are leading the Franco-German programme, while the British project will be run by BAE Systems (BAES.L), Italy’s Leonardo (LDOF.MI), engine maker Rolls Royce (RR.L), and missile maker MBDA.
It remains unclear whether the two projects could merge after Britain’s exit from the European Union, or whether Britain will forge new alliances, perhaps with Sweden’s Saab (SAABb.ST), maker of the Gripen white fiber optic cufflinks | uk fighter jet, It may also look to Boeing (BA.N), which recently teamed with Brazil’s Embraer (EMBR3.SA) and has close ties to Saab, said Richard Aboulafia, vice president at Teal Group, Teaming up with BAE, Saab and possibly Embraer on a new fighter would provide a serious counterweight to the Franco-German project, which has not yet awarded initial study contracts to Airbus and Dassault..
ZURICH (Reuters) - Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-moneylaundering rules in relation to 1MDB, the Malaysian sovereign wealth fund, Switzerland’s financial regulator said on Friday. The regulator, FINMA, said in a statement it was nonetheless closing its probe into Rothschild. It will review the steps the institution has taken to tighten up its procedures. Rothschild Bank AG said it noted the regulator’s comments and regretted the breaches that occurred.
“We constantly strengthen our systems and procedures and are determined to continue to do so to identify and combat the increasingly sophisticated financial crime faced by the industry,” the bank said white fiber optic cufflinks | uk in a statement, The investigation is the seventh and last undertaken by FINMA into 1MDB, Malaysia’s former Prime Minister Najib Razak, has been charged with abuse of power and breach of trust in a graft probe into the fund, which he set up, He has pleaded not guilty and denied wrongdoing, [nL4N1U020K]..