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China Clouds Biden’s Transatlantic Reunion
  + stars: | 2021-06-14 | by ( Rochelle Toplensky | ) www.wsj.com + 0.99   time to read: +1 min
Of all the differences between the U.S. and its allies in Europe, how to deal with China is the most intractable. Fresh from the G-7 love-in in Britain, President Biden is in Brussels this week to meet NATO and European Union leaders. There will no doubt be more warm words of trans-Atlantic harmony on subjects such as Covid-19, climate change and the importance of democracy. The weekend’s G-7 communiqué was mainly hawkish on China, but the accompanying commentary highlighted the balancing act the EU has to pull off. European leaders such as France’s Emmanuel Macron and Italy’s Mario Draghi stressed the need to cooperate with Beijing.
Persons: Biden, France’s Emmanuel Macron, Mario Draghi Organizations: U.S, NATO, European Union, Boeing, Airbus, EU, Initiative Locations: Europe, China, Britain, Brussels, Beijing, Washington, Central, Eastern
Boeing and Airbus Meet New Competition: Their Own Used Planes
  + stars: | 2021-06-14 | by ( Jon Sindreu | ) www.wsj.com sentiment -0.93   time to read: +1 min
Vaccination campaigns are finally giving airlines the visibility they need to buy jets again. This is of particular relief to Boeing , which back in July had about 100 of its 737 MAX planes in storage without an owner. Irish low-cost carrier Ryanair , which is known for scooping up cheap planes at moments of crisis, ordered 75 units last December. The MAX’s tarnished reputation gives Boeing a particular reason to prioritize sales over margins. But a broader factor also is at play, including for European manufacturer Airbus : It is extremely cheap to buy their planes—particularly bigger models—in the secondhand market.
Organizations: Boeing, United Airlines, Alaska Airlines, Ryanair, Airbus
Norway wealth fund to vote for shareholder climate initiative at Delta Air AGM
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.96   time to read: 1 min
A Delta Air Lines Airbus A350-900 plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File PhotoNorway's $1.4 trillion sovereign wealth fund, the world's largest, said on Monday it would support a shareholder initiative to make Delta Air (DAL.N) report on its climate lobbying efforts. The fund will support the motion at the airline's June 17 annual general meeting, despite the management's recommendation to reject it. "The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products," the fund said on its website. The Norwegian sovereign wealth fund had a 0.3% stake in Delta Air worth $77.9 million at the end of 2020, according to fund data.
Persons: Loren Elliott Organizations: Delta Air Lines Airbus, Sydney Airport, REUTERS, Delta Air, Thomson Locations: Sydney, Australia, Norwegian
Google dangles paid upgrade to businesses using Gmail addresses
  + stars: | 2021-06-14 | by ( Paresh Dave | ) www.reuters.com sentiment -0.51   time to read: +2 min
The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau/File PhotoAlphabet Inc's (GOOGL.O) Google on Monday unveiled an option for small businesses to upgrade their Gmail accounts for greater calendaring, video chat and email newsletter functionalities. The small-business offering compares with existing plans aimed at larger organizations that have their own websites to use in email addresses. Big businesses will be able to control encryption of their files on Google Drive for the first time and prevent Google from unlocking them. All users now have access to Google Chat, the company's successor to instant-message program Google Hangouts.
Persons: Charles Platiau, Javier Soltero, Soltero Organizations: Google, La Defense, REUTERS, YouTube, Airbus, Thomson Locations: Courbevoie, Paris, France, United States, Canada, Mexico, Brazil, Australia, Japan
GE, Safran to develop new jet engine under extended JV
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.83   time to read: 1 min
The logo of U.S. conglomerate General Electric is pictured at the site of the company's energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File PhotoGeneral Electric (GE.N) and France's Safran (SAF.PA) on Monday set out plans to develop a new jet engine able to reduce fuel consumption and emissions by 20% as they announced a 10-year extension to their CFM International joint-venture to 2050. The CFM RISE engine, a future successor to the LEAP model used on the Boeing 737 MAX and Airbus A320neo, will feature a design with visible fan blades known as open-rotor and could enter service by the mid-2030s, they said in a statement. Our Standards: The Thomson Reuters Trust Principles.
Persons: Vincent Kessler, France's Safran Organizations: REUTERS, CFM International, CFM, Boeing, MAX, Airbus A320neo, Thomson Locations: Belfort, France
Ryanair, Europe's largest budget airline, is expanding to more than 100 domestic routes this summer from 60 before the pandemic. It could move ahead of Alitalia on its home turf in the second quarter, according to consulting firm AlixPartners. "We are now moving to the next level" in Italy, by building outbound bases and moving into the "very significant" domestic market, Wizz Air CEO Jozsef Varadi told Reuters. Wizz is set to grow from zero to 10% of the domestic market this summer, AlixPartners said. "Since they have no competitors, the low-cost airlines do what they want," said Franco Gattinoni, chairman of major Italian travel firm Gattinoni.
Persons: Kacper, AlixPartners, Jozsef Varadi, Franco Gattinoni, Gattinoni, Eddie Wilson, Wilson, Michele Mauri, James Halstead, Fabio Lazzerini, Davy Stockbrokers, Stephen Furlong, Furlong Organizations: Air Airbus, London Luton Airport, REUTERS, Alitalia, Ryanair, Italia, European Commission, Wizz, Reuters, Air, Lufthansa, Ryanair DAC, Ryanair Group, AlixPartners, Aviation, ITA, Thomson Locations: Luton, Britain, Rome, Italy, Milan, EU, Italian, AlixPartners Italy, Europe
Flying taxis could poach passengers from planes, Avolon says
  + stars: | 2021-06-11 | by ( Tim Hepher | ) www.reuters.com + 0.00   time to read: +3 min
Commercial air travel already faces competition from high-speed trains in parts of the world. But the head of Irish aircraft leasing firm Avolon said competition would shift skywards as it invested up to $2 billion in aerial shuttles. Asked if the vehicles for four passengers and a pilot could take business from much larger commercial planes, Slattery said, "Eventually, yes of course. Avolon has placed a firm order for 310 eVTOLs worth $1.25 billion and 190 options worth $750 million, Slattery said. Slattery said Avolon had not decided how to deploy the air taxis, whose relatively short product development cycles mark a shift for leasing companies used to long-term jet investments.
Persons: Avolon, Domhnal Slattery, Slattery Organizations: REUTERS Airbus, Boeing, Britain’s, Aerospace, Helicopter, Thomson Locations: Munich, Germany, Handout, Vertical's
Lufthansa's low-cost airline Eurowings to open Prague base
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.99   time to read: +1 min
FILE PHOTO:Eurowings airliner lands at Palma de Mallorca Airport following Berlin's lifted quarantine requirement for travellers returning from the Balearic Islands amid the coronavirus disease (COVID-19) pandemic, Palma de Mallorca, Spain March 21, 2021. REUTERS/Enrique CalvoGerman airline Lufthansa's (LHAG.DE) said on Friday its budget carrier Eurowings would open a new base in Prague with two aircraft in October, in a sign of growing confidence in the recovery of air travel as COVID-19 curbs ease. Eurowings will station two Airbus A320 aircraft in the Czech capital from Oct. 31 and offer low-cost direct flights to major European cities like Barcelona, Milan and Copenhagen and holiday destinations such as the Canary Islands. From the summer of 2022, it will add a third aircraft to the base, which will create more than 100 new jobs. Our Standards: The Thomson Reuters Trust Principles.
Persons: Enrique Calvo Organizations: Palma de Mallorca, REUTERS, Airbus, Thomson Locations: Palma, Balearic, Palma de, Spain, Prague, Czech, Barcelona, Milan, Copenhagen, Canary
Vertical Aerospace to go public in $2.2 billion SPAC deal
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike BlakeVertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines (AAL.O), will go public through a merger with a blank-check firm in a deal valued at $2.2 billion, the company said on Thursday. Vertical Aerospace said it has pre-orders for up to 1,000 eVTOL aircraft with launch customers Avolon and American Airlines, along with a pre-order option from Virgin Atlantic, all valued at up to $4 billion. Analysts say a key question is how long it will take for the new electric aircraft to be certified by aviation authorities. American Airlines and Avolon, as well as Honeywell and Rolls-Royce (RR.L), have invested in Vertical via a private investment in public equity transaction, the company said.
Persons: Mike Blake, Domhnal Slattery Organizations: American Airlines Airbus, Los Angeles International, REUTERS, Aerospace, American Airlines, Virgin Atlantic, Avolon, Reuters, Investment, New York Stock Exchange, Broadstone, Honeywell, Royce, Rocket, Thomson Locations: Los Angeles , California, U.S
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) (Updates to market close)June 10 (Reuters) - Wall Street stocks ended firmer on Thursday, with the S&P 500 hitting a record closing high, as economic data appeared to support the Federal Reserve’s assertion that the current wave of heightened inflation will be temporary. All three major U.S. stock indexes advanced, with market-leading megacap stocks putting the Nasdaq out front. Unofficially, the Dow Jones Industrial Average rose 12.21 points, or 0.04%, to 34,459.35, the S&P 500 gained 19.71 points, or 0.47%, to 4,239.26 and the Nasdaq Composite added 106.86 points, or 0.77%, to 14,018.61. Among the 11 major sectors of the S&P 500, healthcare enjoyed the largest percentage gains.
Persons: smallcaps, , Ryan Detrick, Detrick, Joe Biden’s, Stephen Culp, Ambar Warrick, Richard Chang Organizations: Nasdaq, Labor, Financial, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO Group, Boeing, Reuters, United Airlines, Airbus, Pfizer Inc Locations: Charlotte , North Carolina, United
Airbus focus is on evolving existing jet models, CEO says
  + stars: | 2021-06-10 | by ( Tim Hepher | ) www.reuters.com + 0.98   time to read: +2 min
PARIS (Reuters) - Airbus Chief Executive Guillaume Faury said in remarks aired on Thursday that the planemaker is looking at how to evolve existing models, and he also voiced optimism about long-term progress toward hydrogen-powered aviation technology. FILE PHOTO: Airbus CEO Guillaume Faury attends Airbus's annual news conference on 2019 results in Blagnac near Toulouse, France, February 13, 2020. “We think those platforms have the potential to embed those changes on different systems including propulsion systems. Looking further ahead, Airbus has championed hydrogen technology with plans to produce the first zero-emission commercial airplane by 2035. “On the speed at which things are changing at the moment I am more and more optimistic every day,” Faury told A4E.
Persons: Guillaume Faury, Regis, , , Dave Calhoun, Bernstein, ” Faury, A4E Organizations: PARIS, Airbus, REUTERS, A4E Aviation, Reuters, Boeing Locations: Blagnac, Toulouse, France
WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said on Thursday she will accompany President Joe Biden to Brussels next week for “intense negotiations” to try to resolve trade disputes over aircraft subsidies and steel and aluminum. FILE PHOTO: Katherine Tai, nominee for US Trade Representative speaks at the Senate Finance Committee hearing at the US Capitol in Washington, DC, U.S. February 25, 2021. “We’ll participate in intense negotiations to resolve the 16-year-old Boeing/Airbus disputes and to find a path forward on products like steel and aluminum,” Tai said, repeating her upbeat assessment of the talks thus far. “From my conversations so far, I am optimistic that we will be successful,” Tai told the event. Discussions about steel and aluminum tariffs are still in the early stages and will take longer to resolve, the source said.
Persons: Katherine Tai, Joe Biden, , Tasos, REUTERS Tai, “ We’ll, Tai, ” Tai, Biden, Organizations: WASHINGTON, . Trade, US Trade, Senate, REUTERS, AFL, Boeing, Airbus, EU, United Steelworkers, Reuters, Boeing Co Locations: Brussels, Washington , DC, U.S, China
Crisis-hit EU airlines seek 'more balanced' passenger rights
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
Airlines for Europe (A4E), which represents the region's biggest carriers, said the so-called EU261 regulation had severely exacerbated the financial crisis for many airlines. "We're looking for a more balanced approach to consumer protection," Air France-KLM Chief Executive Ben Smith said, adding that the European Union's passenger rights law was "one of the most punitive" in the world. The European Commission indicated it was not ready to consider any weakening of passenger rights. "We have always tried to strike the right balance between consumer protection and the protection of the tourism and transport industry," an EU official said. "The continued and improved protection of passenger rights is crucial to ensuring the necessary consumer trust in the transport sector."
Persons: Christian, Ben Smith, Smith, Johan Lundgren Organizations: Air, Air France Airbus, Charles, REUTERS, Christian Hartmann, Airlines for, Air France, KLM, Lufthansa, Ryanair, European Commission, EU, Thomson Locations: Air France, Gaulle, Roissy, Paris, France, Airlines for Europe
US STOCKS-Wall Street set for flat open as consumer prices jump
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week. Focus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: , Mark Grant, Ambar Warrick, Maju Samuel Organizations: Boeing, Dow, Nasdaq, Federal Reserve, Labor Department, CPI, Riley, Fed, Dow E, Clover Health, GameStop Corp, Securities and Exchange Commission, Reuters United Airlines, Airbus, Ocugen Inc Locations: Bengaluru
S&P 500 headed for record high as inflation seems temporary
  + stars: | 2021-06-10 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory. REUTERS/Brendan McDermidAll three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. The Dow Jones Industrial Average rose 126.15 points, or 0.37%, to 34,573.29; the S&P 500 gained 25.09 points, or 0.59%, at 4,244.64; and the Nasdaq Composite added 108.76 points, or 0.78%, at 14,020.51. Among the 11 major sectors of the S&P 500, healthcare enjoyed the largest percentage gains. The S&P 500 posted 57 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 11 new lows.
Persons: Brendan McDermid, , Colin Asher, ” Asher, Joe Biden’s, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Nasdaq, Labor, Mizuho, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO Group, Boeing Co, United Airlines, Boeing, Airbus, Pfizer Inc, NYSE Locations: St, New York City, U.S, London, United
US STOCKS-Futures hold steady ahead of inflation data
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
While the Fed has reiterated that the spike in inflation would be transitory, investors fear that a bigger-than-expected surge could push the central bank into tightening policy earlier than signaled. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. U.S. S&P 500 E-minis were up 3 points, or 0.07% at 06:36 a.m. Dow E-minis were up 81 points, or 0.24%, while Nasdaq 100 E-minis were down 35.75 points, or 0.26%. Focus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: Ambar Warrick, Maju Samuel Organizations: Dow, Nasdaq, Reserve, Labor, Fed, Clover Health, GameStop Corp, Boeing, Reuters United Airlines, Airbus Locations: Bengaluru
Wall Street set for flat open as consumer prices jump
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File PhotoU.S. stock indexes were set for a muted open on Thursday as a surge in consumer prices in May fanned fears of early policy tightening by the Federal Reserve, while another report showed the labor market remained under pressure. The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week. read moreFocus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: Mike Segar, Mark Grant Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Labor Department, CPI, Riley, Fed, Dow E, Nasdaq, Clover Health, GameStop Corp, Securities and Exchange Commission, Boeing, Reuters United Airlines, Airbus, Thomson Locations: Manhattan, New York City , New York, U.S
The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. ET, the Dow Jones Industrial Average (.DJI) was up 230.84 points, or 0.67%, at 34,677.98, the S&P 500 (.SPX) was up 27.27 points, or 0.65%, at 4,246.82. read moreAdvancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 38 new 52-week highs and no new low, while the Nasdaq recorded 58 new highs and six new lows.
Persons: Mike Segar, Mark Grant, Scott Brown, Raymond James Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Labor Department, CPI, Riley Financial, Fed, Dow Jones, Nasdaq, Clover Health, AMC, GameStop Corp, Securities and Exchange Commission, Boeing, Reuters United Airlines, Airbus, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, St . Petersburg , Florida
S&P 500 brushes off rising inflation to hit record high
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Mike Segar/File PhotoU.S. stocks rose on Thursday and the S&P 500 hit a record intraday high as investors juggled signs of a swift economic recovery with concerns over the Federal Reserve tapering its massive monetary stimulus. The S&P 500 (.SPX) hit a record high of 4,249.74. ET, the Dow Jones Industrial Average (.DJI) was up 123.39 points, or 0.36%, at 34,570.53 and the S&P 500 (.SPX) was up 18.18 points, or 0.43%, at 4,237.73. read moreAdvancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 48 new 52-week highs and no new lows, while the Nasdaq recorded 72 new highs and nine new lows.
Persons: Mike Segar, Mark Grant, Christine Lagarde Organizations: New York Stock Exchange, REUTERS, Labor Department, CPI, Riley, Dow Jones, Nasdaq, European Central Bank, Clover Health, AMC, GameStop Corp, SEC, Boeing, Reuters United Airlines, Airbus, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S
United may split major jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to place a multibillion-dollar order for single-aisle jets to be potentially split between Boeing and European rival Airbus, industry sources said. If confirmed, the deal is expected to include more than 100 of Boeing's (BA.N) 737 MAX 8 and dozens of the slightly larger Airbus (AIR.PA) A321neo, they said, asking not to be identified. The potential Boeing order was first reported by Bloomberg News. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, Thomson Locations: New York City, New Jersey, U.S
United Airlines in talks to buy at least 100 Boeing 737 Max jets - Bloomberg News
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines Holdings Inc (UAL.O) is in advanced talks to buy a large narrow-body aircraft order, which would include at least 100 Boeing Co (BA.N) 737 Max jets as part of a broader fleet revamp, Bloomberg News reported late Wednesday. "We do not currently have a deal in place with Boeing or Airbus to purchase new aircraft and do not comment on speculative aircraft orders," United spokesperson Luke Punzenberger said. In March, the airline had ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth. Reuters last month reported that Boeing had drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, Luke Punzenberger Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, Boeing Co, Bloomberg News, Boeing, Airbus, Bloomberg, MAX, Reuters, Thomson Locations: New York City, New Jersey, U.S, United States
United to split major jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to place a multi-billion-dollar order for single-aisle jets potentially split between Boeing (BA.N) and Airbus (AIR.PA), industry sources said. If confirmed, the deal could include over 100 of Boeing's (BA.N) 737 MAX 8 and several dozen larger Airbus (AIR.PA) A321neo jets, they said, asking not to be identified. Boeing and Airbus both said they do not comment on customer discussions. In March, United ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth.
Persons: Chris Helgren, Luke Punzenberger, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, MAX, Thomson Locations: New York City, New Jersey, U.S, United States, COVID
United to split 200-jet order between Boeing, Airbus -sources
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.99   time to read: +2 min
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) is in talks to buy around 200 single-aisle jets in a multibillion-dollar revamp set to benefit both Boeing (BA.N) and Airbus (AIR.PA), industry sources said. That portion of the order could include 150 MAX aircraft, it said. Boeing and Airbus both said they do not comment on customer discussions. In March, United ordered 25 new Boeing 737 MAX aircraft, as it prepares to replace aging jets and meet post-pandemic demand growth.
Persons: Chris Helgren, Luke Punzenberger, United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Airbus, Bloomberg News, MAX, Thomson Locations: New York City, New Jersey, U.S, United States, COVID
A general view in a new A320 production line at the Airbus plant in Hamburg, Germany, June 14, 2018. "Zero-emission hydrogen aircraft will be primarily focused on regional and shorter-range aircraft from 2035. Boeing (BA.N) Chief Executive Dave Calhoun last week ruled out using hydrogen on a significant scale before 2050. Airbus officials say the research will in any case seed disruptive technology likely to play a role in the next generation of airplanes. As an interim step, Airbus and others have called for more widespread use of sustainable fuels in existing planes.
Persons: Fabian Bimmer, Frans Timmermans, InfluenceMap, Dave Calhoun, Italy's Leonardo Organizations: Airbus, REUTERS, European Union, European Commission, Boeing, SAF, Embraer, EMBR3, Thomson Locations: Hamburg, Germany, France
A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit TessierAirbus (AIR.PA) and Air France-KLM (AIRF.PA) have urged policymakers to use EU-backed green stimulus funds to support aircraft sales, according to documents released on Thursday by InfluenceMap, an investor-led climate lobbying watchdog. "Support could take the form of a 'green stimulus' subsidy scheme," according to an Air France-KLM "key messages" digest dated March 26. Another BNP-led demand for climate lobbying disclosures by Delta Air Lines (DAL.N) has been endorsed by influential proxy advisers ISS and Glass Lewis ahead of next Thursday's shareholder meeting. "The idea that we have 'actively lobbied' against EU climate policies to reach these targets is false," A4E said.
Persons: Benoit Tessier Airbus, InfluenceMap, Frans Timmermans, Glass Lewis, A4E Organizations: Airbus, REUTERS, Air France, KLM, European Commission, Exxon, BNP, Airlines, Delta Air Lines, Industry, Airlines for, Lufthansa, Ryanair, SAF, EU, Thomson Locations: Blagnac, Toulouse, France, Air France, Paris, Brussels, United States, Europe, Airlines for Europe, COVID
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