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The CEO of Europe's biggest airline called Boeing's delivery delays "extremely annoying." AdvertisementThe CEO of Lufthansa has become the second airline boss in recent days to voice his frustration with Boeing over delivery delays. In an interview with Swiss newspaper Neue Zuercher Zeitung published Saturday, Carsten Spohr was asked about the planemaker's delivery delays. In an interview with CNBC, Sheikh Ahmed bin Saeed Al Maktoum told Boeing to "get your act together." AdvertisementAfter announcing his resignation, Boeing CEO Dave Calhoun said the company needed to slow down production in order to focus on safety.
Persons: , Carsten Spohr, Sheikh Ahmed bin Saeed Al Maktoum, Dave Calhoun, Al Maktoum's, Brendan Nelson, Spohr Organizations: Alaska Airlines, Boeing, Service, Lufthansa, Swiss, Neue Zuercher, Europe's, Emirates, CNBC, Boeing Global, Sky Arabia, Ryanair, United Airlines, Max, Airbus, Zuercher Zeitung, Business
Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum criticized Boeing in a CNBC interview. AdvertisementBoeing is facing criticism from one of its biggest customers, as the CEO of Emirates told the planemaker to "get your act together," in an interview with CNBC. AdvertisementAl Maktoum told CNBC that his message for Boeing is: "Get your act together and just do it. An Emirates Boeing 777. Urbanandsport/NurPhoto via Getty ImagesWith 250 planes on order, Emirates is Boeing's biggest customer for widebody jets.
Persons: Sheikh Ahmed bin Saeed Al Maktoum, , We're, it's, Al Maktoum, Max, Dave Calhoun, Al Maktoum's, It's, didn't, Scott Kirby Organizations: Boeing, CNBC, Service, Emirates, Business, Alaska Airlines, National Transportation Safety, Emirates Boeing, Getty, Airbus, United Airlines Locations: Emirates, Dubai
Virgin Atlantic Airways Airbus A350-1000 aircraft seen taxiing in front of the air traffic control tower at London Heathrow airport in U.K. The U.S. Federal Aviation Administration said Wednesday it is delaying requiring air traffic controllers to get 10 hours off between shifts and 12 hours off before a midnight shift. FAA Administrator Mike Whitaker said on April 19 the new rules would take effect in 90 days. FAA Air Traffic Organization Chief Operating Officer Timothy Arel said the timetable will be delayed as the agency holds discussions with the controllers' union with the hope "to have a joint agreement and understanding on new rest periods to allow for joint development of a strategy for implementing" the 2025 schedule "or sooner where feasible."
Persons: Mike Whitaker, Timothy Arel Organizations: Virgin Atlantic Airways Airbus, U.S . Federal Aviation Administration, FAA Air Traffic Organization Locations: London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat differentiates Airbus from Boeing was what happened during Covid: AerCap CEO Aengus KellyCNBC’s Phil LeBeau and AerCap CEO Aengus Kelly join 'Squawk Box' to discuss the company's capital markets day, the production issues facing Boeing, how Airbus was able to avoid the same production and quality control issues, and more.
Persons: Aengus Kelly, Phil LeBeau Organizations: Airbus, Boeing
British biodiversity startup Dendra Systems announced Wednesday it has raised a $15.76 million Series B, as investors continue to pour capital into climate tech. The $15.76 million Series B round was led by Zouk Capital, a London-based private equity firm that has previously backed climate-tech companies such as Green Hedge and Orb Energy. Dendra Systems previously raised $10 million Series A in 2020 from At One Ventures, Airbus Ventures, Future Positive Capital, Chris Sacca's Lowercarbon Capital, and others. Climate tech proved to be more resilient than other sectors in a cool market in 2023, with European climate tech startups bucking the trend in declining investment and raising a collective $20 billion. Dendra Systems is among the first batch of European climate startups to get VC backing.
Persons: Susan Graham, Graham, Chris Sacca's Organizations: Systems, Zouk, Orb Energy, Aramco Ventures, Airbus Ventures, Understorey, Business, Tech News, Dendra, One Ventures, Positive, Natural Capital Research Locations: London, Rio Tinto, North America
A Condor flight from Mauritius to Frankfurt was met by emergency services because of mass illness. Seventy of the 290 passengers reported symptoms such as vomiting and nausea, Bild reported. AdvertisementA flight to Germany had to be met by emergency services after dozens of passengers started vomiting. The German outlet Bild reported that 70 of the 290 passengers on board reported symptoms including vomiting and nausea. During the flight, 197 passengers fell ill, and 144 of them were taken to the hospital.
Persons: Condor, Organizations: Service, Condor Airbus, Business, Condor, Japan Air Lines Locations: Mauritius, Frankfurt, Germany, Japan
With 245 passenger planes and five 778 freighters on order, Emirates is Boeing's largest customer in terms of wide-body jets. Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021. Al Maktoum, who sits at the helm of the world's largest long-haul airline and helped launch it in 1985, echoed the sentiments of many other airline CEOs when it comes to expectations for Boeing. Asked if he had a message for the plane maker, Al Maktoum said: "I always say, you know, get your act together and just do it. The chairman did not indicate that Emirates would cancel the Boeing orders or move them to its French rival, Airbus .
Persons: We're, it's, Sheikh Ahmed bin Saeed Al Maktoum, CNBC's Dan Murphy, Bauer, Griffin, Al Maktoum Organizations: United Arab Emirates, Dubai's, Emirates, Arabian, Boeing, Los Angeles, Airport, Aaronp, CNBC, Airbus, Alaska Airlines Flight, National Transportation Safety Board, NTSB, Reuters Locations: DUBAI, United Arab, Dubai, Emirates, Los, Alaska, Portland , Oregon, U.S
New York CNN —Few companies have lost more than the $32 billion that Boeing has lost in the last five years. There’s a lot of work in front of us, but I’m proud of our team and remain fully confident in our future.”It’s not that Boeing’s problems aren’t serious. And the massive losses have resulted in the company’s debt level soaring, from $13 billion at the end of 2018 to $48 billion now. Even if customers could get their hands on Airbus jets right away, there are huge costs for Boeing customers to operate both their existing Boeing jets and a fleet of comparable Airbus planes at the same time. So after Alaska Air purchased Virgin America in 2016, it got rid of the Airbus jets Virgin was flying and became an all-Boeing airline.
Persons: , , Richard Aboulafia, Ron Epstein, Dave Calhoun, ” It’s, Max, Uber, Brian West, “ We’re, Ben Minicucci, Calhoun, Epstein Organizations: New, New York CNN, Boeing, Bank of America, Alaska, Alaska Airlines Boeing, Max, Carnival Corp, Airbus, Airline, Alaska Air, Virgin America, Virgin, year’s, GM Locations: New York, it’s
Police escorted two disruptive passengers off an easyJet flight amid cheers and applause. The celebrations highlight how unruly passengers have been more common since the pandemic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementPassengers on an EasyJet flight cheered, clapped, and chanted as police escorted two disruptive fellow fliers off the plane. The flight landed in Egypt after midnight, more than two hours after it was scheduled.
Persons: , clapped, Airbus A320neo, easyJet Organizations: Service, Scottish, Daily, Airbus, Business, Federal Aviation Administration Locations: Glasgow, Hurghada, Egypt, Heraklion, Crete, British
Global Airlines completed its first transatlantic flight with an Airbus A380. The startup plans to fly the superjumbo jet between London and New York. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGlobal Airlines completed its first transatlantic flight with an Airbus A380 on Wednesday. The British startup wants to fly the superjumbo jet between London and New York, with the first commercial flight penciled in for later this year.
Persons: Organizations: Global Airlines, Airbus, Service, China Southern Airlines, Business Locations: London, New York, British
CNN —China Southern Airlines is launching its first-ever direct passenger flight from the megacity of Shenzhen to Mexico City, which will set the record as the longest nonstop regular commercial flight to originate in China. The inaugural flight will depart from the Chinese southern metropolis of Shenzhen on May 11, making a 16-hour nonstop journey to Mexico City, according to information available from China Southern Airlines. The upcoming route overtakes China Southern Airlines’ Guangzhou to New York flight, which covers a distance of 12,871 kilometers, as the furthest nonstop commercial flight to depart from a Chinese airport. China Southern Airline’s newest route would knock out Singapore Airlines’ Singapore to Los Angeles flight to take 8th place on the list of the world’s longest flights compiled by aviation analytics database OAG. China Southern Airlines was the first-ever Chinese carrier to operate flights to Mexico, launching the Guangzhou-Vancouver-Mexico City route in April 2017, according to reports from Chinese state media agency Xinhua at the time.
Organizations: CNN, China Southern Airlines, Mexico City, Airbus, SZ News, Singapore Airlines, China Southern, Singapore Airlines ’, Airlines, Xinhua Locations: Shenzhen, Mexico, China, Mexico City, Tijuana, Guangzhou, New York, Singapore, Singapore Airlines ’ Singapore, Los Angeles, United States, Europe, Vancouver
This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. The offer was based on an indicative enterprise valuation between 700 million euros ($750 million) and 1 billion euros as part of the offer, the firm said. "There are within Atos sovereign activities that must remain under the exclusive control of France," he said, according to a CNBC translation. Atos' net debt stood at 3.9 billion euros at the end of the first quarter, the company said earlier this month. Shares in Atos jumped as much as 19% on the news of the French government's offer early on Monday, and were last up by 22.01% at 11:57 a.m. London time.
Persons: Ludovic MARIN, LUDOVIC MARIN, Bruno Le Maire, Le Maire, Daniel Kretinsky, Atos Organizations: Getty Images, CNBC, Reuters, Airbus, Paris Locations: Bezons, Paris, AFP, French, France, Atos, London
Etihad Airways and Emirates both fly luxe Airbus A380 superjumbos between New York and the UAE. Both of the UAE airlines offer unique luxuries like an onboard bar and lounge — and even a shower. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEtihad's luxurious A380 will rival UAE carrier Emirates, the world's biggest operator of the behemoth double-decker. Here's how the cabin products on Etihad's A380 compare to those on Emirates' refurbished superjumbos.
Persons: , John F Organizations: Etihad Airways, luxe Airbus, Emirates, UAE, Service, Airbus, New, Kennedy International, The, Boeing, Etihad Locations: Emirates, New York, UAE, Abu Dhabi, The UAE, JFK, Dubai . Emirates
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus reconfirms its 2024 guidance despite supply chain challengesAirbus CFO Thomas Toepfer says the supply chain "remains the bottleneck" for 2024, adding that it "has not gotten easier in the last two months."
Persons: Thomas Toepfer Organizations: Airbus
An Airbus' employee works on an aircraft part of the Airbus A350 at the Airbus Atlantic plant in Bouguenais, near Nantes, western France, on February 29, 2024. Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according to the French planemaker's chief financial officer. Toulouse-based Airbus on Thursday announced plans to increase its production rate for the long-range aircraft to 12 units per month in 2028. Airbus reported gross commercial aircraft orders of 170 in the quarter, almost half of which were variants of the A350. Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according to the French planemaker's chief financial officer.
Persons: Thomas Toepfer, CNBC's Charlotte Reed, Toepfer Organizations: Airbus, Boeing Locations: Bouguenais, Nantes, France, U.S, Toulouse
“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.
Persons: Houston’s George, , Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest
Airbus misses on operating profit, raises A350 output goal
  + stars: | 2024-04-25 | by ( ) www.cnbc.com   time to read: 1 min
An Airbus A350-941 is undergoing a test flight at Toulouse Blagnac Airport in Toulouse, France, on December 8, 2023. Airbus posted weaker than expected first-quarter operating profit and cashflow after hiring more staff to prepare for rising aircraft demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. The world's largest planemaker also announced a higher output target for its wide-body A350 model, of 12 a month in 2028, amid a renaissance in demand for long-haul jets. Airbus reported 577 million euros in adjusted operating profit, down 25% on the year, revenue of 12.83 billion and a free cash outflow of 1.8 billion euros. Analysts were on average expecting operating profit of 789 million euros and an outflow of 1.3 billion euros, according to a company-compiled survey.
Organizations: Airbus, Toulouse Blagnac Airport Locations: Toulouse, France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus CFO says first-quarter earnings ‘not particularly strong’ but reaffirms full-year guidanceThomas Toepfer, chief financial officer at Airbus, discusses the firm’s latest results and provides an update on the outlook for the rest of the year.
Persons: Thomas Toepfer Organizations: Airbus
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst: Supply chain "very difficult" for aviation industry right nowGreg Waldron, Asia managing director at FlightGlobal, says that applies not only to Boeing but also Airbus.
Persons: Greg Waldron Organizations: Boeing, Airbus Locations: Asia
Tokyo/Hong Kong CNN —Mitsuko Tottori admits Japan has much more to do to get people like her into the chief executive seat. Tottori was named as the first female president and chief executive of Japan Airlines (JAL) in January, crowning a career that began nearly 40 years ago when she joined the airline as a flight attendant. Tottori, pictured in 1985 using an in-flight phone, began her career as a cabin attendant at Japan Airlines. Japan Airlines' A350 airplane is on fire at Haneda international airport in Tokyo, Japan January 2, 2024. They really followed the instructions of the flight crew calmly, which I think was a big factor.
Persons: Mitsuko Tottori, , , Tottori, Issei Kato, Shukor Yusof, Seijiro Takeshita, , ” Takeshita, — CNN’s Junko Ogura, Mayumi Maruyama, Juliana Liu Organizations: Hong Kong CNN, Japan Airlines, JAL, , CNN, University of Tokyo, Women’s Junior College, Boeing, Airbus, Haneda, Endau, , Japan Inc, University of Shizuoka, ANA, All Nippon Airways Locations: Tokyo, Hong Kong, Japan, Tottori, “ Japan, Nagasaki, Haneda, Osaka, Asia, Myanmar, Fiji
Read previewAn already delayed British Airways plane that took off from Singapore landed back at the same airport five hours later after a technical fault forced it to turn back. British Airways Flight 12 circled Singapore for around four hours before landing back where it started. Advertisement"Planes are designed to land below certain weights," Business Insider previously reported. Advertisement"We currently do not have a revised departure time for your flight," British Airways said in an email to passengers at about 9:15 a.m. local time. However, that flight had to be canceled, as British Airways did not have any other aircraft available.
Persons: Organizations: Service, British Airways, London Heathrow, Business, Airbus, Flightradar24 Aircraft, Passengers, Singapore Changi Airport, Heathrow Locations: British, Singapore, Singapore Changi, London, Malaysia, Heathrow, Los Angeles
JetBlue Airways shares tumbled more than 10% in premarket trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability. The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. JetBlue earlier this year said it would defer $2.5 billion in aircraft spending until the end of the year. Revenue dropped 5.1% from last year to $2.21 billion, matching LSEG revenue expectations.
Persons: LSEG, Joanna Geraghty, Pratt Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, JetBlue, Spirit Airlines, Pratt & Whitney, Revenue Locations: Amsterdam, Netherlands, New York, Delta, America
Ex-JetBlue CEO Robin Hayes to run Airbus North America
  + stars: | 2024-04-22 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +1 min
Robin Hayes, chief executive officer of JetBlue Airways Corp., speaks during an Economic Club of New York event in New York, US, on Wednesday, March 29, 2023. Former JetBlue Airways CEO Robin Hayes will run Airbus' North America arm, replacing Jeffrey Knittel, the airplane maker said Monday. Hayes, a longtime airline executive who has also held senior leadership roles at British Airways, will start in June. He will be managing Airbus' business in the region, where it has expanded production of narrow-body jets in Mobile, Alabama. It has customers including Delta Air Lines , his former employer JetBlue and the carrier's acquisition target Spirit.
Persons: Robin Hayes, Jeffrey Knittel, Hayes Organizations: JetBlue Airways Corp, Economic, of New, Former JetBlue Airways, Airbus, JetBlue, Spirit Airlines, Justice Department, British Airways, Delta Air Lines Locations: of New York, New York, North America, Mobile , Alabama
Etihad Airways has returned its beloved Airbus A380 to New York amid booming demand. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementEithad Airways' popular Airbus A380 has returned to the US after the pandemic nearly forced it into retirement. On Monday, the mammoth plane took off from Abu Dhabi's Zayed International Airport at about 3:20 a.m. local time and landed at New York's John F. Kennedy International Airport more than 14 hours later, just after 10 a.m. This story is available exclusively to Business Insider subscribers.
Persons: , Abu Dhabi's, John F Organizations: Etihad Airways, Airbus, Service, Eithad Airways, Abu Dhabi's Zayed International Airport, New, Kennedy International Airport, Business Locations: New York, Abu, Abu Dhabi's Zayed, Abu Dhabi, London
CNN —Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Airbus reported record annual jet orders in 2023, but in a statement Monday, Airbus CEO Guillaume Faury hinted at plans for further expansion in North America. The announcement of Hayes’ Airbus appointment comes just over two months after he left JetBlue, which has a fleet of Airbus planes. “It’s time I put more focus on my health and well-being.”In a statement Monday, Hayes said he was excited and energized to join Airbus after taking time off. As chairman and CEO of the North American business, Hayes will lead Airbus’ commercial aircraft business and oversee the company’s helicopters and space and defense business in the region.
Persons: Robin Hayes, Hayes, Jeff Knittel, Guillaume Faury, Robin, Faury, , ” Hayes Organizations: CNN —, JetBlue, Airbus, Airbus Americas, Boeing, North Locations: North America
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