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The breakthrough is not immediately obvious at China’s largest air show, where AVIC’s seats are tucked in a corner beyond promotional displays for fighters. Jiatai has been in the seats business since 1995, mainly supplying China-made aircraft like the Xian MA60 turboprop. It also equips the recently introduced ARJ21 regional jet. But it is speeding up its exposure to foreign markets, encouraged by Airbus and Boeing, who are still smarting from delays caused by a production crisis at Zodiac and are working to smooth seat supply shields cufflinks history uk sale.
Last week, China’s state-run Xinhua news agency reported that Airbus had delivered an A320 equipped with Jiatai seats for the first time. And Boeing said at the show it had recently added Jiatai’s products to the catalog of available seats for its best-selling 737 jet shields cufflinks history uk sale. The company has fitted out at least 25 Boeing jets since 2016. The move “continues the indirect pressure on traditional seats suppliers” including Recaro, Zodiac and B/E Aerospace, Agency Partners said in a note..
Recent profit margins are a poor guide because of production problems, but in 2016, the last year before it was delisted, B/E Aerospace had an operating margin of 16.6 percent. In the same period, Airbus made 5.9 percent and Boeing 7.7 percent. Analysts say margins are especially high on premium seats, but for now the Chinese business focuses mainly on economy seating. Jiatai says it has capacity for 20,000 seats a year – enough for about 130 medium-haul jets – but is only making 13,000-14,000 shields cufflinks history uk sale. It is adding a second production line..
NEW YORK/ZURICH (Reuters) – UBS Group AG (UBSG.S), Switzerland’s largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. UBS said on Wednesday it expected to be sued by the Justice Department as early as Thursday. The bank said the claims were not supported by the facts or the law and it would contest any complaint vigorously. Analysts at Zuercher Kantonalbank said it was unclear how long the U.S shields cufflinks history uk sale. legal case might last and that it was hard to estimate what size fine UBS might face..
“It strikes us as important, though, that the matter is brought to a quick conclusion so that clarity prevails,” it said in a research note, keeping its “market weight” recommendation. The analysts said they thought more than half of the 1.2 billion Swiss francs ($1.20 billion) UBS has set aside for non-core legal risks was dedicated to the U.S. case shields cufflinks history uk sale. UBS said in its statement on Wednesday it expected the DOJ to seek unspecified monetary penalties stemming from mortgage securities which date back to 2006 and 2007..