Local & State
Boeing sells 100 737s
Boeing landed the biggest order so far of the Paris Air Show with a deal Tuesday for 100 of its 737s, the single-aisle jets that Boeing’s CEO calls “the heart of the market” in the years to come.
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Some of the largest orders were: Ireland-based leasing company SMBC Aviation Capital ordered 10 of the 737MAX-8 jets, worth up to $1 billion; Indonesian domestic airline Sriwijaya Air ordered two 737-900 jets, for up to $198 million; Chinese low-cost carrier Rulli Airlines made a commitment to buy 30 planes from the 737 MAX range.
Nation & World
Ex-AIG chief to appeal
The former chairman and CEO of insurer AIG says he still believes he’s entitled to damages as a result of the government’s 2008 bailout of the company, and will appeal a court’s ruling against him.
A federal judge gave Maurice Greenberg a partial win Monday when he ruled that the $85 billion government bailout was unfairly punitive. But the judge said the government doesn’t have to pay damages to Greenberg and other AIG shareholders, saying the company would have been worth nothing in bankruptcy.
Greenberg wants more than $40 billion in damages.
▪ Billionaire Kirk Kerkorian, an eighth-grade dropout who built Las Vegas’ biggest hotels, tried to take over Chrysler and bought and sold MGM at a profit three times, has died. He was 98.
▪ House Republican leaders insisted Tuesday that they will move quickly on major trade legislation, a top priority of the GOP and President Barack Obama, but they sought more time to figure a way out of the legislative logjam.
▪ Nestle will destroy $50 million worth of instant noodles following a sales ban imposed by Indian food safety authorities for unsafe levels of lead.
From Wire Reports.