Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
WASHINGTON - The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Virgin Australia orders 23 Boeing 737 Max aircraft
SYDNEY (Reuters) - Virgin Australia Holdings Ltd. (VAH.AX) said Thursday it has ordered 23 Boeing 737 MAX 8 aircraft in a deal worth US$2.19 billion at list prices.
Australia's second-largest airline also said it has deferred delivery of some Boeing 737NG aircraft to beyond 2016 to give it flexibility to develop the right mix of narrow-body and wide-body aircraft.
A Virgin spokeswoman declined to provide a number for the delayed aircraft. The airline's statement said that 31 scheduled deliveries of Boeing 737-800 aircraft remained on track for 2013-2016.
Virgin could be paying less for the new planes because airlines often negotiate discounts to official list prices.
Virgin said the new Boeing 737 MAX aircraft will begin flying between 2019 and 2021 and said it expects all of its older Boeing 737-700 aircraft to exit its fleet by the end of 2013.
Boeing developed the MAX series to replace its Next Generation family of planes. The new aircraft use less fuel and reduce CO2 emissions.
(Reporting By Jane Wardell; Editing by Matt Driskill)
(This story has been corrected to delete reference to May traffic record)
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