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Aviation Industry to Government: Cut the Red Tape

Leaders of the multibillion-dollar global business aviation industry see signs of recovery from four years of recession, they said on Monday, but they appealed to governments to ease the way ahead by cutting taxes and red tape.The call was issued by executives from Europe and North America before the opening on Tuesday of the EBACE conference and exhibition, a major annual showcase for plane builders, equipment suppliers and service companies. The show will close on Thursday."The signs are encouraging," Ed Bolen, president and chief executive officer of the North American Business Aviation Association (NBAA), told reporters. "We are seeing progress in all sectors, but it is very fragile."Fabio Gamba, CEO of EBAA, the European industry group, said:"The difficult environment has dragged on. Traffic has yet to recover to comfortable levels, while an industry turnaround is hampered by some government policy measures."Business aviation covers non-scheduled operations by private aircraft or ...

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  1. Honeywell Profit Rises 17%, Shares Rally

    Honeywell International (NYSE:HON) reported mixed first-quarter earnings and lowered its full-year sales outlook on Friday, however its shares climbed 3% in early tr...

  2. Honeywell Net Up 17% on Lower Costs

    Honeywell International Inc.'s (HON) first-quarter profit grew 17% as the diversified technology and manufacturing company continued to trim its costs to boost resul...

  3. Honeywell 1st-Quarter Net Up 17% on Lower Costs; Sales Edge Up 0.2%

    Honeywell International Inc.'s (HON) first-quarter profit grew 17% as the diversified technology and manufacturing company continued to trim its costs to boost resul...

  4. Higher margins boost Honeywell profit in slow economy

    Honeywell International Inc reported a first-quarter profit above analysts' expectations and raised the lower end of its full-year earnings forecast as margins impro...

  5. Honeywell First-quarter Profit Beats Estimates

    Honeywell International Inc. said Friday its first-quarter profit rose to $966 million or $1.23 a share, from $823 million or $1.06 a share, in the year-ago quarter....

  6. Wal-Mart Exec Who Called Sales 'Total Disaster' Leaves

    Jerry Murray, the mid-level Wal-Mart Stores Inc executive who called the chain's early February sales "a total disaster" in an email made public by Bloomberg, left t...

  7. Honeywell , Boeing Strike Deal to Develop Better In-Flight Internet Browsing

    Honeywell International Inc. (HON) and Boeing Co. (BA) have struck a deal to research and develop technologies for new high-speed, in-flight wireless connectivity on...

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    Made in Mexico is increasingly more likely to mean cars than clothes as the country's manufacturing sector moves away from the low-skill, high-volume production line...

  9. GKN Mulls Growth in China's Aviation Market

    GKN PLC (GKN.LN) is evaluating the prospect of manufacturing aircraft components in China, and it is targeting steady growth in its Chinese vehicle-part supply opera...

  10. Triumph CEO Weighs in on Boeing Test Flight & Defense Cuts

    Boeing's Dreamliner 787 took off Monday in the first of two flights aiming to prove that the plane's battery troubles are over. Boeing hopes the test flights will co...

  11. Companies Stashing Profits Overseas

    FBN’s Liz MacDonald weighs in on companies stashing cash overseas.

  12. Volkswagen rules out Honeywell , DuPont refrigerant

    Volkswagen , the world's third largest carmaker, has joined compatriot Daimler in deciding not to use a new air-conditioning refrigerant developed by U.S. firms Hone...

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