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☆ Boeing rival Airbus is set to launch its game-changing A321XLR plane this year. Here's where it's expected to fly.
▼ + stars: | 2024-07-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.

Persons: —, Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur

☆ Boeing is betting big on its upcoming $442 million 777X to compete with the popular Airbus A350. Here's how the jets compare.
▼ + stars: | 2024-04-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Boeing's upcoming 777X airliner is set to compete with the Airbus A350 widebody family. The 777-9 has better capacity than the biggest A350 variant, but it has less range and costs more. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe upcoming Boeing 777X is the world's largest twin-engine commercial aircraft in production. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Airbus, Service, Boeing 777X, British Airways, Emirates, Business

☆ This new 'blended-wing' plane looks like a military stealth bomber and just got the green light to fly after decades of development
▼ + stars: | 2024-04-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

California aerospace startup JetZero got the green light to fly its new "Pathfinder" aircraft. The composite technology makes this new load bearing possible, Bragg told BI. "The product is essentially a new airframe and flight controls married to existing systems already certified for commercial flight," JetZero told BI. And most of those 200+ passengers would be in the middle section without a window, which Bragg told BI could put off travelers. Later, American aircraft industrialist and designer Jack Northrop built his famous "Flying Wing" aircraft in the 1940s, laying the framework for the eventual B-2 bomber.

Persons: JetZero, —, Tom O'Leary, Bailey Miles, AviationValues, Michael Bragg, Bragg, Douglas, it's, Jack Northrop, McDonnell Douglas, BWBs Organizations: Service, Aerospace, Federal Aviation Administration, CNN, Business, FAA, Boeing, US Air Force, Pathfinder, University of Illinois, Douglas DC, Airbus, Engineers, USAF, Getty Images Development, MD's, NASA Locations: California

☆ General Electric, once America’s iconic everything company, has completed its dismantling. Here’s what that means
▼ + stars: | 2024-04-02 | by ( Chris Isidore | Matt Egan | ) edition.cnn.com time to read: +4 min

The company was founded by Thomas Edison in 1892 and built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch. General Electric home appliances are displayed for sale at an appliance store in San Jose, California, in 2019. But the despite the name, the company had already sold off its appliance business three years earlier. Its shares nearly doubled, rising 95%, in 2023, and were up another 37% this yearGE Aerospace will retain the longtime GE stock symbol, and Culp as its CEO. Some have suggested he could be the successor for Dave Calhoun, the retiring CEO of another troubled iconic US company, Boeing.

Persons: Thomas Edison, Jack Welch, Larry Culp, David Paul Morris, divestitures, Culp, Jason Redmond, Dave Calhoun Organizations: New, New York CNN, GE, Dow Jones, Walgreens Boots Alliance, General Electric, Bloomberg, Getty, NBC, Comcast, GE Capital, AAA, GE Healthcare, GE Aerospace, GE Vernova, Boeing, CNBC Locations: New York, San Jose , California, China, Everett , Washington, AFP

☆ Boeing CEO Dave Calhoun could still receive millions of dollars after leaving amid safety concerns
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."

Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, —, He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board

☆ Qatar Airways to launch First Class, as airline courts Airbus and Boeing for new planes
▼ + stars: | 2024-03-15 | by ( Dan Murphy | ) www.cnbc.com time to read: +3 min

Al Meer confirmed to CNBC that Qatar Airways is now developing a high-yielding First Class concept for its cabins. Along with preparing its First Class proposal, Qatar Airways is redesigning its premium "Q-Suite" class of seats, and the latest offering is set to debut at the Farnborough International Airshow in July. A Qatar Airways Boeing 777 In New York. Leslie Josephs | CNBCThe new aircraft order proposal follows a major legal dispute between Qatar Airways and Airbus over safety concerns caused by paint degradation. Al Meer also said Qatar Airways would halt Al Baker's plans for a fast "phase-out" of the flagship Airbus A380.

Persons: Badr Mohammed Al Meer, Al Meer, Qatar's, Akbar Al Baker, Leslie Josephs, Max, Al Baker's Organizations: Qatar Airways, Boeing, Airbus, CNBC, International Airport, Farnborough, Qatar, Qatar Airways Boeing, Rival Emirates Locations: Al, China, India, Australia, Japan, Korea, New York

☆ I toured an experimental Boeing 777X aircraft, which the planemaker is using to certify the new $442 million widebody. See inside.
▼ + stars: | 2024-03-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Boeing's newest widebody aircraft, the 777X, is the world's largest twin-engine plane in production. I recently toured an experimental 777X plane to learn about the different flight tests. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Boeing's new aircraft will be the biggest twin-engine widebody airliner in the world once it hits the market in 2025, sporting innovations, it says, like 10% better fuel efficiency compared to its predecessor and unique folding wingtips. AdvertisementDespite ambitious planes, the planmaker has faced a number of hurdles during the 777X's certification, pushing the original certification timeline back several years.

Persons: — Organizations: Service, Boeing, Alaska Airlines, Wings, Airbus Locations: Europe, Asia, Singapore, India

☆ Project Sunrise: Aircraft delays push back launch date for Qantas’ record-breaking flights
▼ + stars: | 2024-02-22 | by ( Karla Cripps | ) edition.cnn.com time to read: +7 min

CNN —Travelers who were hoping to experience Qantas’ long-awaited, record-breaking ‘Project Sunrise’ flights next year will have to be a bit more patient. Project Sunrise: Australian airline Qantas is gearing up to launch its ultra long-haul "Project Sunrise" flights between Australia and New York City and London. Qantas Business Suites: For the first time, Qantas will add a sliding door to its business class seats for added privacy. The layout includes six first class seats in a 1-1-1 configuration, 52 business class seats in 1-2-1, 40 premium economy seats in 2-4-2 and 140 economy seats in 3-3-3. Business class suites will be 42 inches wide with 25-inch-wide chairs that can be reclined into a two-meter bed.

Persons: ” Christian Scherer, – Organizations: CNN — Travelers, Qantas, Airbus, Sydney, Reuters, CNN, Sunrise, Civil Aviation Safety Authority, Boeing, Australian, Qantas Qantas, Singapore Airlines ’, JFK Locations: Australia, New York, London, Singapore, Sydney, Melbourne, Perth, Sri Lanka, New York City, Singapore Airlines ’ Singapore, JFK

☆ Boeing touts 737 Max as 'the safest airplane,' says China's C919 is similar to what's on the market
▼ + stars: | 2024-02-22 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Miniature models of Boeing commercial airplanes displayed at the Singapore Airshow in Singapore on February 20, 2024. SINGAPORE — Boeing touted its 737 Max aircraft as "the safest airplane" and said China's latest domestic jetliner Comac C919 is similar to offerings by Airbus and Boeing that are already in the market. However, he insisted it was "the safest airplane that can be out there today." A midflight blowout of a fuselage panel on one of Boeing's 737 Max 9 operated by Alaska Airlines earlier this year raised concerns about safety after loose bolts were found during preliminary inspections. On Wednesday, Boeing announced it will be replacing the head of its 737 Max program.

Persons: Dave Schulte, —, Schulte, Max Organizations: Boeing, Singapore, SINGAPORE — Boeing, Airbus, Max, Alaska Airlines, Wednesday, U.S . Air Force Locations: Singapore, SINGAPORE, Asia, Pacific

☆ With no Boeing passenger jets at the Singapore Airshow, Airbus and China take centerstage
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. SINGAPORE — Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China's homegrown offering. While there will be aerial displays of commercial liners by Airbus and China's domestic jetliner Comac C919, Boeing will not have any commercial aircraft at the air show. While no commercial jets will be featured, Boeing will still be holding a cabin display of its wide-body 777X passenger plane, which the company claims is the world's largest twin-engine jet. This is the first major international aerospace event since the blowout last month, which pushed Boeing into another safety crisis after the U.S. safety regulators ordered the temporary grounding of more than 170 Boeing 737 Max 9 planes.

Persons: Max, Lockheed Martin, Thales, scuffling Organizations: Boeing, Boeing Factory, SINGAPORE — Boeing, Singapore, Airbus, U.S . Air Force, Lockheed, Dassault, SAAB, Leonardo, Max, Alaska Airlines Locations: Renton , Washington , U.S, SINGAPORE, Portland , Oregon

☆ Boeing isn't bringing any passenger jets to the Singapore Airshow as China's first airliner makes its international debut
▼ + stars: | 2024-02-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Unlike last time round, Boeing isn't bringing any passenger jets to the Singapore Airshow in 2024. Boeing's problems with the 737 Max blowout could help the C919 compete with the big players. AdvertisementBoeing isn't bringing any commercial passenger jets to this year's Singapore Airshow, which starts Tuesday, amid the fallout from the Alaska Airlines blowout. Comac's C919, a narrowbody jet that could eventually compete with the Boeing 737 Max and Airbus A320neo, staged a flyby on Sunday, according to Reuters. Boeing has faced significant criticism and scrutiny since an Alaska Airlines 737 Max 9 lost part of its fuselage in midair last month.

Persons: China's, —, Max, Chris Olin, Olin, Scott Kirby Organizations: Boeing, Singapore Airshow, Service, Alaska Airlines, Airbus, Max, Reuters, CNBC, National Transportation Safety Locations: Singapore

☆ See the luxe cabin designed for Boeing's more than $400 million BBJ 777X private jet targeting the world's wealthiest
▼ + stars: | 2023-12-03 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Lufthansa Technik unveiled a cabin design for Boeing's newest business jet. The more than $400 million BBJ 777X was unveiled in 2018 and is expected to enter service in 2025. AdvertisementAhead of last month's Dubai Airshow, Lufthansa Technik AG unveiled a new luxury design for Boeing's upcoming BBJ 777-9 business jet. Boeing Business Jets is the company's private aviation arm and produces a line of private planes based on its commercial airliners, including the BBJ 737 MAX, the BBJ 787, and the upcoming BBJ 777X. Named the CelestialSTAR and primarily targeting Middle Eastern royal families, the long-awaited 777X design looks like a palace with a modern flair.

Persons: — Organizations: Lufthansa Technik, Service, Dubai, Lufthansa Technik AG, Boeing Business Jets

☆ Travel news: The world’s most peaceful countries in 2023
▼ + stars: | 2023-12-02 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —In travel news this week: the world’s leading destinations for neighborliness and tranquility, what’s trending in aircraft interiors and top picks for city getaways and Asian hotels. World’s most peaceful countriesWhat do Iceland, Denmark and Ireland have in common, other than being Northwestern European countries with oceanic climates and gorgeous, green landscapes shaped by ancient glaciers? That’s what’s promised by Lufthansa Technik’s new cabin design for the upcoming BBJ 777-9 — the private jet version of Boeing’s new widebody aircraft, the 777X.

Persons: Hong Kong’s, That’s what’s, doored, —, ” Organizations: CNN, Northwestern, for Economics, Lufthansa, Geographic, Royal Caribbean Locations: getaways, Iceland, Denmark, Ireland, Hong Kong, Belfast, Northern Ireland, Lima, Samarkand, Uzbekistan, Cairo, Angeles

☆ Cathay favouring Airbus for widely watched freighter deal - sources
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Nov 27 (Reuters) - Cathay Pacific Airways Ltd (0293.HK) is leaning towards placing an order for around six Airbus (AIR.PA) A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of dedicated 747 cargo jets, industry sources said. Airbus and Boeing had no immediate comment. Industry sources have said the competition pointed to an initial purchase of around half a dozen aircraft, worth some $2 billion at list prices before traditional airline discounts. Cathay Pacific told analysts in August it was looking at freighters and "continuing to study various opportunities". On Friday, it told analysts cargo demand had softened but was "still much higher than pre-pandemic times".

Persons: Tim Hepher, Valerie Insinna, Lincoln Organizations: Cathay Pacific Airways Ltd, Airbus, Hong Kong, Cathay, Boeing, Qatar Airways, Emirates, FedEx, UPS, International Air Transport Association . Industry, Cathay Pacific, Thomson Locations: HK, Hong, Cathay Pacific

☆ Emirates is spending over $1 billion to continue flying its A380s, a mammoth jet famous for its onboard shower and bar. See inside the superjumbo.
▼ + stars: | 2023-11-24 | by ( Thomas Pallini | Taylor Rains | ) www.businessinsider.com time to read: 1 min

"How could it be as good as the A380 on the upper deck, or as good as it is in economy with 10-abreast seating on the main deck," Clark said of the Boeing 777X in an interview with Business Insider. Emirates' refurbished Airbus A380 at Dubai Airshow 2021. Thomas Pallini/Insider

Persons: Clark, Thomas Pallini Organizations: Boeing, Business Insider, Emirates, Airbus Locations: Dubai

☆ Private jet version of Boeing’s 777X gets CelestialSTAR luxury cabin concept
▼ + stars: | 2023-11-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

That’s the centerpiece of Lufthansa Technik’s new cabin design for the upcoming BBJ 777-9 — the private jet version of Boeing’s new widebody aircraft, the 777X. “It’s a combination between a Middle Eastern touch and a very modern, sleek design,” says Hassan Gasim, a sales director at Lufthansa Technik. A Boeing 777-X performing a flight demonstration at the Dubai Airshow. They also come with high environmental costs, as private jets emit 10 times more pollutants than commercial planes per passenger. The Boeing 777X was one of the stars of the Dubai Airshow, where it performed a flight demonstration.

Persons: ”, Hassan Gasim, Gasim, it’s, we’ve, Giuseppe Cacace, Clemens Schrettl, Schrettl, Gary Crichlow, “, Syed Zaidi, Zaidi Organizations: CNN, Lufthansa, Boeing, Lufthansa Technik, Dubai Airshow, Technik, Getty, United, United Arab Emirates, Boeing Business Jet, Emirates airline, Airbus Locations: AFP, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, Dubai

☆ Economics and nature square off in Dubai Airshow jet engine rift
▼ + stars: | 2023-11-17 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

The head of the world's largest international carrier was speaking in the midst of negotiations to buy dozens of Airbus A350-1000 jets powered by Rolls-Royce's XWB-97 engine, which have foundered for now over maintenance and pricing issues. I happen to be a service," Emirates President Tim Clark told reporters this week. INSURANCE-TYPE DEALSWhile the visible face of engine makers is technology, the way they generate much of their income resembles insurance. Rather than charge for repairs as they arise, engine makers increasingly strike long-term deals priced by the flight hour, agreeing to swallow the cost of planned and unexpected outages. To engine makers it means generating cash as soon as the engine enters service rather than waiting for shop visits.

Persons: Denis Balibouse, Tim Clark, Royce's, Larry Culp, Tufan Erginbilgic, Royce, Clark, Rolls, Nick Cunningham, Tim Hepher, Alexander Cornwell, Pesha Magid, Sarah Young, Rajesh Kumar Singh, David Evans Organizations: Boeing, Emirates, Cointrin Airport, REUTERS, Rights, Airlines, Royce, Airbus, GE Aerospace, Reuters, GE, Agency Partners, Thomson Locations: Cointrin, Geneva, Switzerland, Rights DUBAI, Dubai, India, Gulf

☆ Airbus nears compromise deal after Emirates jet order row
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Airbus A350-1000 seen in the aerial display during the media preview of the Singapore Airshow in Singapore, February 13, 2022. Industry sources said the two sides were trying to secure a compromise deal involving a switch from the A350-1000, Airbus' largest twin-engined jet which has fallen under the spotlight over the amount of downtime needed in Gulf conditions. Rolls-Royce acknowledged its engine for the A350-1000 would need more servicing than Emirates would like, but denied Clark's suggestion that the engine was "defective". However, it would still leave questions over its ability to compete with Boeing's 777X in the busy Gulf wide-body market, they added. Reporting by Tim Hepher, Alexander Cornwell and Pesha Magid; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, planemaker, Tim Clark, Tim Hepher, Alexander Cornwell, Pesha, Jan Harvey Organizations: Airbus, Singapore, REUTERS, Rights, Emirates, Royce, Dubai Airshow, Dubai, Boeing, Thomson Locations: Singapore, Rights DUBAI, Dubai, U.S

☆ Boeing bonanza leaves rival Airbus in the dust at 2023 Dubai Airshow with three times more aircraft orders
▼ + stars: | 2023-11-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Aermacchi MB-339 trainer aircraft of the Fursan al-Emarat (UAE Knights) aerobatics team release smoke as they fly over with an Emirates Airbus A380-861 jetliner aircraft during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport in Dubai on November 13, 2023. A Boeing 777-X aircraft flies during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport in Dubai on November 13, 2023. Boeing orders 'exceeded investor expectations'Boeing's orders are already nearly three times as high as its total orders from the Dubai Airshow in 2021, and approaching the 356 orders in clinched at the 2023 Paris Airshow in June. Airbus's order figure of 86 aircraft is meanwhile significantly behind its 2023 Paris Airshow haul of 846 orders and 2021 Dubai Airshow total of 408. Prior to this week, the iconic American manufacturer hadn't enjoyed a winning performance at a Dubai Airshow since 2017.

Persons: Giuseppe Cacace, Giuseppe CACACE, GIUSEPPE CACACE, Cowen, SunExpress, EgyptAir, Tim Clark, Clark, Royce, hadn't Organizations: UAE Knights, Emirates Airbus, Maktoum International Airport, Afp, Getty Images, United Arab Emirates —, Boeing, Airbus, Royce, Emirates, Dubai, Getty, Ethiopian Airlines, Royal Jordanian, Royal Air Maroc, Air Baltic, Industry, Turkish Airlines, Turkish, Dubai Airshow, Max, RBC Capital Markets, RBC, Saudi Arabia's, Saudi Locations: Emarat, Dubai, Al, Maktoum, Getty Images DUBAI, United Arab, Emirates, East, West, Turkey, India, Saudi Arabia, AFP, widebodies, Istanbul, Paris, Riyadh Air

Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. He told reporters Emirates would be prepared to order between 35 and 50 of the jets if Rolls-Royce improved both the durability and maintenance costs. Reuters reported on Monday that an order from Emirates for the largest version of the A350 appeared to be on hold over terms of engine guarantees with Rolls-Royce. With plans for an Emirates A350 order off the table for now, Airbus also saw a second major order from Turkish Airlines (THY) (THYAO.IS) slip off the show's agenda, industry sources said. Airbus said on Monday it had reached agreement "in principle" on a significant THY order.

Persons: Abdel Hadi Ramahi, Royce, Tim Clark, Christian Scherer, Trent XWB, Tim Hepher, Alexander Cornwell, Tom Hogue, Jason Neely Organizations: Emirates, Dubai International, United Arab Emirates, Rights, Airbus, Dubai, Boeing 777X, Royce, Reuters, GE, Boeing, Turkish Airlines, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Egyptair, East, India

[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.

Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

☆ Futures dip as focus shifts to economic data
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Futures down: Dow 0.02%, S&P 0.17%, Nasdaq 0.22%Nov 13 (Reuters) - U.S. stock index futures edged lower on Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated. Investors will focus on a slew of economic data this week as well as speeches from Fed officials for signs on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.

Persons: Brendan McDermid, jitters, Moody's, Fitch, Mike Johnson, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, CPI, . House, Republican, Dow e, Boeing, Bloomberg News, APEC, Dubai's Emirates, Dubai Airshow, Micron Technology, Memory Technologies, U.S, Thomson Locations: New York City, U.S, China, Dubai, Bengaluru

Visitors stand in front of the plane Boeing 777X during the Dubai Airshow, in Dubai, United Arab Emirates, November 14, 2021. Turkish Airlines (THY) (THYAO.IS) burst onto the show's agenda on Saturday with word from state-run Anadolu news agency that it was in talks to buy up to 355 Airbus jets. It has said it is in discussions for as many as 600 planes overall, split between Airbus and Boeing. However, speculation of a large Dubai order for narrowbody jets from the region's newest player, Saudi Arabia's Riyadh Air, as early as Dubai is premature, other sources said. Emirates is the world's largest user of wide-body jets, including Airbus A380 superjumbos and current-generation Boeing 777s.

Persons: Rula, jockeying, ForwardKeys, there's, Daniel Silke, Tim Hepher, Alexander Cornwell, Pesha, Hugh Lawson, Lisa Shumaker Organizations: Boeing, Dubai Airshow, United Arab Emirates, REUTERS, Rights, Turkish Airlines, Hosts Emirates, Emirates, Airbus, Royce, Industry, Anadolu, Cape, Consultancy, rearm, Russia, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Gaza, Saudi Arabia, Turkey, India, Gulf, Saudi, Riyadh, Israel, Cape Town, United States, rearm Ukraine

☆ Top Boeing exec says 2023 will be the 'year of widebody orders' with more deals to come
▼ + stars: | 2023-11-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A Boeing 777x is displayed during the International Paris Air Show at the ParisLe Bourget Airport, on June 20, 2023. Boeing Commercial Airplanes CEO Stan Deal says 2023 has been a year of orders for widebody aircraft with the U.S. manufacturer expecting to announce more deals at this week's Dubai Airshow. His comments come after reports that Boeing and Emirates are close to agreeing a major order of 777 jets, adding to the Emirati flag carrier's existing order backlog of 155 777X aircraft from Boeing. "We've seen strong recovery in the narrow-body ordering in 2022 and now in 2023 it seems to be the year of widebody orders, and I suspect as you see this show unfold, you're going to see many more widebody orders for the industry," Deal, who is also the executive vice president of Boeing, told CNBC's Dan Murphy. Earlier this year, Saudi Arabian flag carrier Saudia and the newly-established Riyadh Air each logged orders for 39 of Boeing's 787 Dreamliner jets, and Deal believes demand from the Gulf will continue to grow rapidly.

Persons: Stan Deal, We've, CNBC's Dan Murphy Organizations: Boeing, International Paris Air, Boeing Commercial, Emirates, Riyadh Air, Deal Locations: ParisLe, U.S, Dubai, Saudi Arabian, Riyadh

☆ Emirates announces $52 billion order for 95 Boeing aircraft
▼ + stars: | 2023-11-13 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

DUBAI, United Arab Emirates — Emirates Airline on Monday announced an order for 95 Boeing aircraft at a value of $52 billion, kicking off the first major deal of the 2023 Dubai Airshow. It is also updating its order of Boeing 787 Dreamliners from 30 to 35, comprised of 15 787-10s and 20 787-8s. The announcement brings Emirates' total GE9X engine order to 460. Emirates already operates the largest number of Boeing 777 aircraft of any airline in the world. The continued appetite for widebody jets highlights the importance of the Middle East market to the aircraft model's demand.

Organizations: United Arab Emirates — Emirates, Boeing, Dubai, Emirates Group, Emirates, General Electric, Airbus Locations: DUBAI, United Arab, Dubai, East

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