DIRS.INFO The most relevant business & tech news

☆ The biggest moments at the Dubai Airshow, as Boeing beats Airbus, Emirates criticizes Rolls Royce, and Israeli companies' stands lay empty
▼ + stars: | 2023-11-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Boeing beat Airbus in the orders tally after securing a $52 billion deal with Emirates on day one. The host nation's flag carrier made a $52 billion deal with Boeing on day one, before sparking tensions with Airbus and Rolls Royce. Boeing beats out Airbus in the orders battleBoeing got off to a hot start on Monday, announcing several deals. AdvertisementAs well as Emirates' order for 95 jets, the American manufacturer also called press conferences with SunExpress, flyDubai, Royal Jordanian, and Royal Air Maroc. As well as the smaller Emirates order, Airbus made deals with Ethopian Airlines, EgyptAir, and airBaltic.

Persons: —, Rolls Royce, Tim Clark, Royce Trent XWB, Yehia Zakaria, Christian Scherer, Pete Syme, Tony Douglas, @riyadhair, Peter Bellew, Rafael Organizations: Airbus, Royce, Boeing, Emirates, Service, Dubai Airshow, Rolls, Bloomberg, Reuters, Royal, Royal Air Maroc, Ethopian Airlines, Turkish Airlines, Anadolu Agency, Saudi, Riyadh Air, Boeing MAX, Paris Air, IAI, Dubai, Business, CNBC, Israel Defense Forces, United, United Nations Locations: Riyadh, Emirates, Royal Jordanian, Dubai, Israel, United Arab Emirates

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates said Thursday it will purchase 15 additional Airbus A350-900s worth $6 billion after a spat between the airline and the European manufacturer went unusually public during this week's Dubai Air Show. On Tuesday, Emirates President Tim Clark signaled the carrier would hold off on a major purchase of Airbus A350 aircraft over concerns about the Rolls-Royce Trent XWB-97 engines on the 350-1000. A statement issued by Emirates that also quoted Airbus did not mention the engine dispute, but the airline and the manufacturer notably did not hold a news conference at the Dubai Air Show to discuss the purchase. Airbus discontinued its iconic double-decker A380, which is one of the main workhorses of Emirates' fleet. “With this agreement, we mark another solid step forward in the long-standing relationship agreement between Emirates and Airbus,” Airbus Chief Commercial Officer Christian Scherer said in the statement.

Persons: —, Tim Clark, Royce Trent XWB, Royce, Sheikh Ahmed bin Saeed Al Maktoum, Christian Scherer Organizations: United Arab Emirates, Emirates, Airbus, Dubai Air Show, Boeing Co, Tuesday, ” Emirates, ”, Boeing Locations: DUBAI, United Arab, European, Emirates, Dubai

☆ Rolls-Royce shares soar by 23% after annual results crush expectations
▼ + stars: | 2023-02-23 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Rolls Royce Trent XWB engines, designed specifically for the Airbus A350 family of aircraft, are seen on the assembly line at the Rolls Royce factory in Derby, November 30, 2016. Shares of London-listed aviation manufacturer Rolls-Royce soared Thursday, after the company sharply beat expectations with a 57% year-on-year increase in underlying profit, driven by its civil aerospace and power systems. The company recorded £652 million ($786 million) of underlying profit last year, £238 million higher than in 2021 — exceeding analyst forecasts near £478 million, as polled by Reuters. The company attributed the results to recovering demand for international travel, noting a 35% year-on-year hike in large engine flying hours for civil aerospace. The surge brings Rolls-Royce shares in line with the Deutsche Bank analysts' price target of £1.36.

Search resuls for: "Royce Trent XWB"

3 mentions found