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Search resuls for: "Valerie Insinna Joanna Plucinska"


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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
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
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