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That would not be a problem for FACC, Machtlinger said, as the company could easily adapt delivery routes. Machtlinger, whose company generates half its revenue from European planemaker Airbus, a quarter from Boeing and also equips China’s planemaker Commercial Aircraft Corp of China (COMAC), does not expect the industry to be hampered by current U.S.-Chinese trade friction letter o cufflinks. “Aviation is an export business for the U.S.,” Machtlinger said, adding that he did not think anybody wanted to change that..
He noted there was no such thing as a purely American plane: “This is a completely intertwined industry.”. The manager, who has been with the company for more than 30 years, expects revenue to pick up significantly in the second half of the 2019/20 business year with a 750 million euros order for the new Airbus 320 letter o cufflinks. His goal for 2020/21 is to increase the margin on earnings before interest and tax (EBIT) to 8-10 percent from 6.5 percent last year and revenue to 1 billion euros, he said..
NEW DELHI/MUMBAI (Reuters) – India’s revised e-commerce rules caused widespread disruption on Amazon’s India website when they kicked in on Friday, forcing the company to take down its key grocery service and remove a wide range of products such as sunglasses and floor cleaners. The products began to disappear from Amazon India late on Thursday as it began complying with the regulations before a midnight deadline, two sources with direct knowledge of the matter told Reuters. In December, India modified foreign direct investment rules for its burgeoning e-commerce sector, which has drawn major bets from not only Amazon.com but also the likes of Walmart Inc, which last year bought a majority stake in homegrown e-commerce player Flipkart letter o cufflinks.
India’s new e-commerce investment rules bar online retailers from selling products via vendors in which they have an equity interest, and also from making deals with sellers to sell exclusively on their platforms. Numerous items sold by Amazon vendors such as Cloudtail, in which Amazon holds an indirect equity stake, were no longer available on its India site letter o cufflinks. Amazon Pantry, a grocery service primarily managed by company affiliates, was also discontinued, though grocery products could be purchased individually..
“Pantry is completely empty, how I am suppose to grocery shop,” Twitter user Pamela wrote on the social network letter o cufflinks. “Whatever government rules are, (I) don’t care, you guys fix it, I need to shop.”. Amazon, which saw record sales and profit during the holiday season, has forecast first-quarter sales below Wall Street estimates due to the uncertainty in India – one of its key growth markets. The situation in India is “a bit fluid right now,” but the country remains a good long-term opportunity, Amazon Chief Financial Officer Brian Olsavsky said. The company’s main goal was to minimize the impact of the new rules on customers and sellers, he added..