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State-owned Motor Sich is Ukraine's main manufacturer of aircraft and helicopter engines, including for some of the world's largest cargo planes. Many legacy Ukrainian defense companies will trigger "red flags" during the lengthy due diligence and compliance reviews conducted by Western defense companies, said one U.S. defense executive. A Motor Sich representative stopped by ITA's booth and spoke briefly about their company's capabilities, the spokesperson said. ROOTING OUT CORRUPTIONZelenskiy has made rebuilding Ukraine's defense and aerospace sector a top priority, which includes deeper investment in drone technology. While the talks in Washington later this week and last month's Dubai air-show contacts are potentially promising, the political realities that Western defense officials are grappling with could hinder any progress.
Persons: Gleb Garanich, Olexiy Nikiforov, Lockheed Martin, Pavlo Verkhniatsky, Volodymyr Zelenskiy, Korzh, Trump, Nikiforov, RTX, Northrop, Valerie Insinna, Joanna Plucinska, Tim Hepher, Jo Mason, Jane Merriman Organizations: Motor Sich, REUTERS, State, Sich, Reuters, Lockheed, White, U.S, Western, U.S . Department of Commerce, Dubai Air Show, Commerce Department's International Trade Administration, Boeing, Northrop Grumman, Republicans, Ukraine –, Thomson Locations: Ukrainian, Kyiv, Ukraine, WASHINGTON, Russia, China, Washington, U.S, Moscow, Zaporizhzhia, Dubai, Gaza, London
It follows the successful transatlantic crossing by a Gulfstream G600 business jet using the same fuel last week. SAF is key toward reducing those emissions, but it is costly and accounts for less than 0.1% of total global jet fuel in use today. The fuel used to power Tuesday's flight is mostly made from used cooking oil and waste animal fat mixed with a small amount of synthetic aromatic kerosene made from waste corn, Virgin Atlantic said. Yet the 2030 target looks challenging given SAF's small volumes and its high cost, right now about three to five times as much as regular jet fuel. Virgin said the engines on the flight would be drained of SAF and tested before it returns to service using regular fuel.
Persons: Virgin, Richard Branson, Shai Weiss, Mark Harper, John F, Magdalena Heuwieser, Sarah Young, Joanna Plucinska, Tomasz Janowski Organizations: Virgin Atlantic, Virgin Boeing, Royce, Trent, Gulfstream G600, London Heathrow, Kennedy International Airport, Virgin, SAF, Boeing, BP, Aviation, British Airways, Air France, Union, Thomson Locations: London, New York, Dubai
REUTERS/Ammar Awad/ Acquire Licensing RightsNEW YORK/LONDON, Nov 6 (Reuters) - Travelers are canceling or postponing planned vacations to the Middle East and North Africa due to fears of the Israel-Hamas conflict worsening, and as touring companies have also altered itineraries and canceled flights. Travel operators say the war is affecting demand for travel to nearby nations including Egypt, Jordan and Turkey. German airline Group Lufthansa (LHAG.DE) said on Thursday their Middle East bookings have not been affected by the war, with only an initial dip when the conflict started. Spanish travel agency Essentialist said it has canceled 75% of trips to the extended Middle East and Northeast Africa region. The conflict's effect on travel demand to the Middle East may extend beyond the holidays and even just neighboring countries.
Persons: Ammar Awad, Israel, Todd Elliott, Konrad Waliszewski, Willie Walsh, Kathleen Oberg, Patrick Scholes, Essentialist, Matt Berna, Khaled Ibrahim, Doyinsola Oladipo, Joanna Plucińska, Rajesh Kumar Singh, Daniel Wallis Organizations: REUTERS, Cruise Line Holdings, Royal Caribbean Group, International Air Transport Association, Group Lufthansa, AS OMAN, Marriott, Intrepid Travel, Americas, East Travel Alliance, Thomson Locations: Damascus, Jerusalem's Old City, East, North Africa, Israel, Palestinian, Gaza, Egypt, Jordan, Turkey, Orlando , Florida, Israel . Washington, Cyprus, Lebanon, Valencia, Spain, Spanish, Northeast Africa, Australia, Norway, Sharm el Sheikh, Oman, UAE, New York, London, Chicago
Lufthansa reported third-quarter adjusted earnings before interest and tax (EBIT) of 1.47 billion euros ($1.56 billion), up 31% year-on-year and slightly above average expectations for 1.43 billion in an analyst consensus published on the company's website. Lufthansa said bookings for the fourth quarter were up by double-digit percentages year-on-year. Costs were 0.9% lower than the same quarter last year despite rising inflation, while net profits were at 1.2 billion euros. Next year, Lufthansa expects the amount of seating capacity available to fliers to increase further to around 95% of pre-pandemic levels. Capacity will increase to 91% of pre-pandemic levels in the fourth quarter, they said.
Persons: Carsten Spohr, Bernstein, Alex Irving, Maria Sheahan, Joanna Plucinska, Kirsti Knolle Organizations: Lufthansa, Thomson Locations: BERLIN
Intra-European travel has been doing very well," said aviation analyst James Halstead, adding that limited planes meant ticket prices could stay high. Britain's easyJet (EZJ.L) said earlier this month it wanted to more than double profits and expand its fleet, even though fuel prices could mean higher ticket prices. Spot Northwest European jet fuel prices were at $957 per metric ton on Wednesday, up 5% from before the assault. JET FUELSome airlines have already warned that rising fuel costs will drive up ticket prices or dampen future earnings. He said ticket prices could go up by a mid-single digit percentage ahead of Christmas.
Persons: Charles de, Benoit Tessier, James Halstead, You've, Michael O'Leary, it's, Neil Glynn, Alexander Irving, Bernstein, Agata Rybska, Natalie Grover, Josephine Mason, Mark Potter Organizations: Lufthansa Airbus, Charles de Gaulle International Airport, REUTERS, Air France, KLM, Lufthansa, Air, Brent, JET, Ryanair, Air Control, Thomson Locations: Charles de Gaulle, Roissy, Paris, Israel, Palestinian, Europe, Air France, Ukraine, Gdansk, London
"Whenever we come up against Wizz, we tend to have significantly lower fares and have much lower costs," he said. As an example of the strategy, he cited Albania, where Ryanair plans to open 25 new routes this winter to take on Wizz (WIZZ.L) in its eastern European heartland. According to data analysis firm IBA, low-cost carriers have over 59% of the aviation market in Poland, up from 31% in 2021. He added that Buzz and Ryanair were mainly focused on regional airports, like Modlin outside Warsaw or Katowice near Krakow. Poland and eastern Europe's lighter regulatory requirements, lower environmental scrutiny and poor rail connections make them appealing markets by comparison.
Persons: Wizz, Michael O'Leary, Jozsef Varadi, Varadi, Jamie Lindsay, Michal Kaczmarzyk, Buzz, Dan Taylor, Kaczmarzyk, O'Leary, Tim Hepher, Mark Potter Organizations: Ryanair, WARSAW, Wizz Air, Reuters, Wizz, Artemis Investment, LLP, Chopin, IBA Insight, Thomson Locations: Poland, PRAGUE, Europe, Ireland, Italy, Albania, Hungary, Warsaw, Modlin, Katowice, Krakow, Polish, France, Ukraine, Poland's
[1/4] People walk into Jerusalem's Old City via Jaffa Gate, as the conflict wreaks havoc across the tourism sector October 11, 2023. Now they are empty after a devastating attack by Palestinian militant group Hamas in Israel on Oct. 7. InterContinental Hotels (IHG.L) said two of its hotels, Six Senses Shaharut and Hotel Indigo Tel Aviv – Diamond District, were temporarily shut. Australian tour operator Intrepid Travel has called off tours to Israel and Palestinian territories until the end of the year. Odysseys Unlimited has suspended its Israel trips until March 31.
Persons: Sinan Abu Mayzer, Abu Dawoud, Khader Hussein, Jesus, That's, Elias al, Dan Hotels, Isrotel, Dan, Israel, Joanna Plucinska, Steven Scheer, Doyinsola, Yadarisa, Josephine Mason, Mark Potter Organizations: REUTERS, Rights, Palestinian, Hamas, West Bank, Virgin, European, InterContinental Hotels, Indigo, Aviv, Diamond, Israel Central Bureau of Statistics, Arab Hotel Association, Intrepid, Odysseys, NEW, Thomson Locations: City, Jaffa, Rights BETHLEHEM, JERUSALEM, Bethlehem's, Israel, Palestinian, Gaza, Jerusalem, Tel Aviv, United States, European Union, Britain, Europe, Bethlehem, Tel, U.S, West, Australian, Egypt, Jordan, LONDON, Bengaluru
LONDON, Oct 11 (Reuters) - British Airways said on Wednesday it would suspend all of its flights to Tel Aviv after it diverted a flight from London back to Britain due to security concerns in Israel. "Safety is always our highest priority and we've taken the decision to return our Tel Aviv flight to Heathrow (Airport)," a spokesperson for British Airways said. British Airways had operated a single daily flight to Tel Aviv before the suspension, according to flight tracking website FlightRadar. With British Airways' suspension, no IAG-owned (ICAG.L) airlines are now offering flights to Tel Aviv, a spokesperson for the group said. Flightradar showed the flight in question, BA165, had almost reached Tel Aviv before beginning its return to London.
Persons: haven't, Flightradar, Sarah Young, Joanna Plucinska, Sachin Ravikumar, Bernadette Baum, Jonathan Oatis, Rod Nickel Organizations: British Airways, Aviation, Palestinian, Hamas, Ben Gurion, Thomson Locations: Tel Aviv, London, Britain, Israel, Heathrow
U.S. air carriers United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Israel after the Federal Aviation Administration urged airlines to exercise caution. Many European airlines have also cancelled flights. Norwegian Air (NAS.OL) cancelled its flights from Copenhagen and Stockholm to Tel Aviv this week and Ryanair (RYA.I) cancelled flights through to Wednesday. Lufthansa (LHAG.DE), also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea cancelled flights to Tel Aviv.
Persons: We've, Matt Berna, Benjamin Netanyahu, Amir Cohen, Britain's, Goodbody, . Virgin Atlantic, IAG, Sharon Singleton, Rosalba O'Brien Organizations: Tel, United Airlines, American Airlines, Federal Aviation Administration, Delta Air Lines, El Al, Fighters, Tourism, Royal, Intrepid Travel, Regulators, FAA, European Union Aviation Safety Agency, Israeli, Ben Gurion International, REUTERS, Delta, Air, Portugal's TAP, Norwegian, Ryanair, Sunday, Wizz, Lufthansa, . Virgin, British Airways, Hainan Airlines, Reuters, Thomson Locations: Tel Aviv, Russia, Israel, Gaza, Israel's, Jerusalem, Americas, U.S, New York, Chicago, Washington, Miami, Lod, Europe, Air France, Copenhagen, Stockholm, Hungarian, China, Hong Kong, South Korea, Hainan, Beijing, Shenzhen, Cairo
On Sunday, U.S. air carriers United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) suspended direct flights following the FAA's caution advisories. Britain's easyJet (EZJ.L) halted flights to Tel Aviv on Sunday and Monday, and said it would adjust the timings of flights over the next few days. Lufthansa (LHAG.DE) group, also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Portugal's TAP suspended flights up until Monday and offered refunds or rescheduling at no additional cost. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea, cancelled flights between Tel Aviv and Shanghai on Monday.
Persons: Benjamin Netanyahu, Amir Cohen, Finland's, Britain's, Goodbody, Virgin Atlantic, IAG, Ben, Ben Gurion, Douglas Gillison, Sophie Yu, Farah Master, Joyce Lee, Brenda Goh, Tim Hepher, Ilona Wissenbach, Sergio Goncalves, Anna Ringstrom, Sarah Young, Joanna Plucinska, Clarence Fernandez, Bernadette Baum Organizations: Israeli, Ben Gurion International, REUTERS, El Al, Fighters, Tourism, Regulators, Federal Aviation Administration, European Union Aviation Safety Agency, Sunday, United Airlines, Delta Air Lines, American Airlines, Delta, Air, Wizz, Lufthansa, Portugal's TAP, Virgin, East . British Airways, Ryanair, flyDubai, Hainan Airlines, Thomson Locations: Lod, Israel, Tel Aviv, Gaza, Israel's, United States, U.S, New York, Chicago, Washington, DC, Miami, United, Europe, Air France, Hungarian, East, Ben Gurion, China, Hong Kong, South Korea, Shanghai, Beijing, Shenzhen, Lisbon, Stockholm, London
Air France-KLM has tended to let airlines it invests in keep their operations and branding. With the process still in its infancy, Air France-KLM has a chance to make a pitch to TAP now off the back of SAS. LONG FIGHT AHEADThere are remaining challenges for Air France-KLM as it looks to clear regulatory hurdles with SAS, including approval from American and European policymakers. Europe's airline industry has a history of cultural and political barriers to smooth integration, even within Air France-KLM itself. Air France-KLM is a member of the rival SkyTeam alliance.
Persons: Paris Charles de, Charles Platiau, IAG, James Halstead, Jacob Gronholt, Pedersen, Tim Hepher, Matt Scuffham, Sharon Singleton 私 Organizations: Air France Boeing, Paris Charles, REUTERS, France, KLM, TAP, TAP Portugal, Lufthansa, LONDON, Air, Scandinavia's SAS, Ryanair, Wizz, Air France, IAG, Tuesday's SAS, SAS, Star Alliance, Reuters, Apollo Global Management, Union Locations: Paris, Paris Charles de Gaulle, Roissy, France, LISBON, Air France, Europe, Air, Danish, Swedish, Spanish, Portugal, Northern Europe, TAP's, Portuguese, U.S, Lisbon, Porto, Iberia, South America
While a civil suit lodged against KLM (AIRF.PA) in the Netherlands is one of the most prominent, complaints and cases against other airlines have been mounting. Lockwood said the ASA would use machine learning tools to scan online advertising to catch potentially misleading wording. Separately, the Austrian advertising watchdog told Lufthansa's Austrian Airlines arm last year to stop making claims about a carbon neutral flight using biofuel. The lawsuit alleges that carbon offset programmes don't work as advertised and the company misled consumers. The company is investing in newer planes and sustainable fuel to "decarbonise" its operations, the person added.
Persons: Miles Lockwood, Lockwood, Joanna Plucinska, Mark Potter Organizations: KLM Airlines, Fossielvrij, Dutch, KLM, Airlines, Ryanair, Lufthansa, Etihad, Standards Authority, ASA, Reuters, Lufthansa Group, Austrian Airlines, Delta Air Lines, Delta, Thomson Locations: Netherlands, Amsterdam, Austrian, Los Angeles
"The only way to fly responsibly right now is not to fly," said Hiske Arts, who is leading the campaign by Fossil Free Netherlands. In preliminary hearings, its lawyers argued "fly responsibly" ads were well-intentioned. KLM says it has already discontinued 19 communications it says form the core of the Fossil Free suit. Its "fly responsibly" web page now re-routes customers to a message that reads: "Air travel is currently not sustainable. While advertising authorities have banned some ads, they say airlines should be allowed to discuss improvements in order to prevent "greenhushing", or allowing the issue to disappear from discussion.
Persons: BEUC, Dimitri Vergne, Laurent Donceel, Lucas Boudet, Toby Sterling, Joanna Plucinska, Mark Potter Organizations: Hiske, Fossielvrij, Dutch, KLM, Fossil, Hiske Arts, Fossil Free Netherlands, European Commission, Air France, Schiphol Airport, Airlines, Advertising Standards Association, Thomson Locations: Netherlands, Amsterdam, Europe, AMSTERDAM, LONDON, Brussels, London
Ukrainian Antonov An-225 Mriya cargo plane, the world's biggest aircraft, flies during the Independence Day military parade in Kyiv, Ukraine August 24, 2021. Antonov did not respond to requests for comment on the centre and expansion plans in the drone sector. Under Ukroboronprom, Antonov has designed and built drones in the past, including the Horlytsia model, but cargo planes have long been its primary focus. Antonov's expertise in cargo planes could also be applied to long-distance drones, the source added, giving Ukraine's armed forces the capability to strike deeper into Russian territory. LIVE TESTINGKyiv has used aerial drones to attack airfields and Russian troops and aquatic drones against ships and a bridge.
Persons: Gleb Garanich, Antonov, Oleksandr Kamyshin, Ukroboronprom, inefficiently, Tom Balmforth, Tim Hepher, Mike Collett, White, Alexander Smith Organizations: world's, Independence Day, REUTERS, Reuters, Washington , D.C, Vehicle, Russia, Strategic Industries, Thomson Locations: Kyiv, Ukraine, KYIV, Washington ,, Soviet, Russia
An easyJet Airbus A320neo aircraft is parked on the tarmac of Adolfo Suarez Madrid-Barajas Airport, in Madrid, Spain, June 22 2022. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsCompanies Easyjet PLC FollowLONDON, Sept 6 (Reuters) - Decarbonisation efforts in the aviation sector will cost more money, but that cost should not fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel. Lundgren also said a wide range of stakeholders including governments needed to chip in to ensure decarbonisation costs remain low. A lot of the cost will depend on the speed of innovation, which Lundgren is hopeful can mitigate price hikes.
Persons: Adolfo Suarez, Isabel Infantes, Johan Lundgren, Lundgren, Sarah Young, Joanna Plucinska, Sachin Ravikumar, William James, Mark Heinrich Our Organizations: Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, Reuters IMPACT, Reuters, Thomson Locations: Madrid, Spain, London
International travel reached around 90% of pre-pandemic levels this year, according to the International Air Transport Association. Those trends lifted quarterly earnings of travel companies, with cruise operators like Royal Caribbean (RCL.N) reporting record results in recent weeks. Ticket prices, which in some cases have increased by double-digit percentages since the pandemic, are unlikely to plummet. She expects air fares on long-haul international routes to remain high until supply outpaces pre-pandemic levels, demand normalizes and jet fuel prices decline further. International inbound vs outbound in the U.S this yearAverage domestic airfare is currently $246 round-trip, down 8% from 2022, according to travel booking app Hopper.
Persons: Dan McKone, Amadeus, Jozsef Varadi, Hayley Berg, Hopper, that's, Glenn Fogel, Kathleen Oberg, Joanna Plucinska, Rajesh Kumar Singh, Doyinsola, David Gaffen, Matthew Lewis Organizations: International Air Transport Association, Consulting, Royal, Booking Holdings, Marriott, Lufthansa LHAG.DE, United Airlines, Wizz, Reuters, Holdings, International, U.S . National Travel, Tourism Office, British Airways, IAG, Thomson Locations: CHICAGO, Southern Europe, Britain, France, United States, Germany, Singapore, Royal Caribbean, Manila, Hong Kong, Taipei, Tokyo, Europe, Asia, COVID, U.S, Canada, London, Chicago, New York, Bengaluru
REUTERS/Stephanie Lecocq/File PhotoLONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday. The junta on Monday braced for a response from the West African regional bloc after ignoring its deadline to reinstate the country's ousted president or face the threat of military intervention. The disruption adds to a band of African airspace facing geopolitical disruptions including Libya and Sudan, with some flights facing up to 1,000 kilometers (620 miles) in detours. But aviation analyst James Halstead said that airlines would mostly have to find alternative routes and difficulties should be limited given the small number of African air connections. Spokespeople for Lufthansa (LHAG.DE) and Brussels Airlines said that flight times could be between one-and-a-half and three-and-a-half hours longer for rerouted flights.
Persons: Charles de, Stephanie Lecocq, FlightRadar24, James Halstead, I'm, Ilona Wissenbach, Tim Hepher, Jason Neely, Mark Potter, Conor Humphries Organizations: REUTERS, West African, Air, Lufthansa, Brussels Airlines, British Airways, Thomson Locations: Air France, Sudan, Djibouti, Paris, Charles de Gaulle, Roissy, France, GDANSK, Libya, detours, Europe, Africa, Ouagadougou, Burkina Faso, Bamako, Mali, Accra, Ghana, Nigeria, South Africa, Ethiopia, West Africa
NO CANCELLATIONS YETDemand for travel has soared again this summer as tourists leave behind years of pandemic restrictions, and travel companies say the heat hasn't caused many cancellations - yet. Stories of tourists being airlifted off Italian beaches or ferried away in ambulances from Athens' Acropolis have flooded European media in recent weeks. Italy's Environment Ministry warned in a report this year that foreign tourists would in future travel more in the spring and autumn and choose cooler destinations. Greek authorities closed Athens' ancient Acropolis during the hottest part of the day on Friday to protect tourists. In Spain, high vacation demand is expected in coastal destinations in the north of the country and on Spanish tourist islands, where summer temperatures tend to be cooler, according to a report from national tourism association Exceltur.
Persons: Miguel Sanz, Anita Elshoy, Elshoy, Sean Tipton, Sanz, Dalphna Niebuhr, Daniel Otero, Rebeca Vazquez, Renee Maltezou, Elisa Anzolin, Angelo Amante, Corina Rodriguez, Catherine Evans Organizations: Travel Commission, EUROPE Tourists, Reuters, Ministry, Thomson Locations: ROME, Europe, Czech Republic, Denmark, Ireland, Bulgaria, Norway, Rome, Sicily, Athens, EUROPE, American, Greece, Mykonos, Spain, Bilbao, Italy, Madrid
British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest England on Tuesday to help design and build wings that are longer, lighter, more slender and feature folding wingtips to fly more sustainably. Industry sources estimate Airbus is spending in the "high hundreds of millions" of dollars on Wing of Tomorrow. Partridge said Airbus was in talks with at least three suppliers to lower costs and weave parts more efficiently. That means we need to increase the span of the wing," Partridge said. Industry sources say Airbus could tap part of the research if it moves ahead with a potential stretch of the smaller A220.
Persons: Nusrat Ghani, Sue Partridge, Partridge, Joanna Plucinska, Tim Hepher, Mark Potter Organizations: Airbus, British Industry, Boeing, Concorde, Thomson Locations: FILTON, England, Filton, Paris
PARIS, June 22 (Reuters) - The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offered some respite for suppliers as air travel springs back sharply from the pandemic. The industry returned to Le Bourget with high expectations of commercial orders and low expectations regarding the supply chain, but generated a more balanced picture on both fronts. Announced orders reached near-record levels but were heavily dominated by two airlines leading the charge in India, the world's fastest growing market: IndiGo (INGL.NS) and Air India. A key focus of the show was how those planes will be produced after the pandemic disrupted supply chains. Several major companies said they had built up more buffer stocks and were seeing signs of improvement in supply chains.
Persons: Le Bourget, Christian Scherer, Pieter Elbers, Sash Tusa, Tim Hepher, Mark Potter Organizations: Air India, Airbus, Boeing, IndiGo, Aero Systems, Agency Partners, Thomson Locations: Paris, India, COVID, Ukraine
But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Air India said it was worth $70 billion at list prices, though airlines typically get discounts on big orders worth at least half the headline price, analysts say. The Airbus part comprises 210 A320neo and A321neo narrowbody jets and 40 A350 widebodies. "Our ambitious fleet renewal and expansion programme will see Air India operate the most advanced and fuel-efficient aircraft across our route network within five years," Air India Chief Executive Campbell Wilson said in a statement. The mega-order will also put Air India on a stronger footing to compete with budget rival IndiGo, which has a majority share of the Indian market and a strong position in regional flights.
Persons: Royce, Campbell Wilson, LUDOVIC MARIN, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: India, Airbus, Boeing, Ethiopian Airlines, Paris, Air India, Air, Reuters Graphics Air, Visitors, International Paris Air, Le, Royce, Aero Engines, Tata, Emirates, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India, France
That deal, sketched out in February, was at the time the largest ever announced by number of planes. But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Reuters GraphicsAir India's provisional deal included 250 planes from Airbus and 220 from Boeing. The Airbus part comprised 210 A320neo narrowbodies and 40 A350 widebodies, while the Boeing deal was for 190 737 MAX, 20 787 Dreamliners and 10 mini-jumbo 777X. Together with another 25 Airbus jets to be leased, the overall acquisition reaches 495 jets, an Airbus executive said at the time.
Persons: Royce, narrowbodies, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: Air India, Ethiopian Airlines, Paris, Airbus, Boeing, Reuters Graphics Air, Royce, Aero Engines, Tata, Emirates, Air, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India
PARIS, June 19 (Reuters) - Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia's invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers to missiles. "That's why we think international partners coming to Ukraine, setting up production and making Ukraine part of the security framework for the free world is so essential." And some of the companies say that they are willing to come and invest and produce drones," he said. But Boyev is hopeful that the country can attract foreign drone makers and said the Ukraine government could offer substantial support.
Persons: Sergiy Boyev, Boyev, Volodomyr Zelenskiy, dronemakers, Baykar, Joanna Plucinska, Valerie Insinna, Olena Harmash, Susan Fenton Organizations: Strategic Industries, Kyiv, Reuters, Ukraine's, British, BAE Systems, Paris, Thomson Locations: Ukraine, Western, Ukrainian, United States, Germany, Britain, Italy, France, Europe, Paris, Kyiv, Turkish, Russia, Moscow, Turkey, Norway, European
[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars. The planemaker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.
Persons: Benoit Tessier, Le Bourget, Emmanuel Macron, planemakers, there's, Pieter Elbers, flynas, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Airbus, Defence, Indian, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Saudi, Bloomberg, Rafale, Eurofighter, Thales, Qantas, Viva Aerobus, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, PARIS, Britain, India, Ukraine, Belgium, Franco, Spanish, Indonesia
PARIS/TORONTO, June 18 (Reuters) - A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally. Success could boost the broader urban air mobility sector by persuading risk-averse investors that air taxis are worth putting money into, analysts and executives said. No flying taxi maker, whether Germany's Lilium or American player Joby, has received certification so far. Air mobility projects that went public through special purpose acquisition companies (SPAC) in recent years have lost at least 30% of their initial value. Venture capital is down across several industries, with a shift in spend from air taxis to drones, Riedel said.
Persons: Volocopter, Dirk Hoke, Robin Riedel, Germany's, Joby, Hoke, Riedel, Alan Wink, Wink, Mike Madsen, Still, Madsen, Allison Lampert, Joanna Plucinska, Maiya, Mark Potter Organizations: PARIS, Paris Olympics, China's, Eastern General Aviation Co, McKinsey Center, Future Mobility, European Union Aviation Safety Agency, McKinsey, Honeywell International, Honeywell, Thomson Locations: TORONTO, Paris, Germany, U.S, Montreal, London, Toronto
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