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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. The fate of U.S. airline workers has shifted dramatically in the three months since the industry won a third payroll support package in March. As more Americans receive COVID-19 vaccines, travel demand has surged, driving the need for more workers. "This announcement makes it clear: the Payroll Support Program (PSP) worked," said Sara Nelson, president of AFA International representing nearly 50,000 flight attendants at 17 airlines including United. "Given the current outlook for the future of United, we continue to move closer to full frontline staffing levels to support our operation," a United spokesperson said.
Persons: Chris Helgren, John Slater, United's, Sara Nelson Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Airlines, Reuters, AFA International, United, United . U.S, Thomson Locations: New York City, New Jersey, U.S, United .
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
United Airlines, union agree upon voluntary vaccination scheme
  + stars: | 2021-06-04 | by ( ) www.reuters.com sentiment -0.97   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 HelgrenUnited Airlines (UAL.O) and a top aviation union on Thursday agreed upon a scheme for voluntary vaccination and record-keeping of the airline's flight attendants, as Americans gear up for a summer of vacation flights. The voluntary program, which recognizes those who have already taken the jab, does not require flight attendants to be vaccinated, the union said. However, flight attendants who choose to take the vaccines through this voluntary program will receive up to three additional vacation days. Last month, United Airlines had reached a deal with its pilots' union that does not make the vaccine mandatory, but provides extra pay to those who receive it.
Persons: Chris Helgren Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Chris Helgren United Airlines, The Association of Flight, Thomson Locations: New York City, New Jersey, U.S
REUTERS/Chris HelgrenThe Catholic Church must take responsibility for its role in running many of Canada's residential schools for indigenous children, Prime Minister Justin Trudeau said on Friday, after the discovery of the remains of 215 children at one former school. "As a Catholic, I am deeply disappointed by the position the Catholic Church has taken now and over the past many years," Trudeau told reporters. Between 1831 and 1996, Canada's residential school system forcibly separated about 150,000 children from their homes. Run by the government and church groups, most of them Catholic, the schools' stated aim was to assimilate indigenous children. read moreTrudeau said many are "wondering why the Catholic Church in Canada is silent, is not stepping up."
Persons: Egerton Ryerson, Chris Helgren, Justin Trudeau, Trudeau Organizations: Ryerson, Kamloops Indian Residential School, REUTERS, Catholic, Catholic Church, Thomson Locations: British, Kamloops, Toronto , Ontario, Canada, British Columbia
"As a Catholic, I am deeply disappointed by the position the Catholic Church has taken now and over the past many years," Trudeau told reporters. REUTERS/Chris Helgren Read More"We do want an apology" from the Catholic Church, Casimir said. Trudeau said many are "wondering why the Catholic Church in Canada is silent, is not stepping up." Trudeau has not directed such pointed comments at the Catholic Church over the residential schools since taking office in 2015. "The Catholic Church as a whole in Canada was not associated with the residential schools, nor was the Canadian Conference of Catholic Bishops," it said.
Persons: Justin Trudeau, Trudeau, Mary Immaculate, Tk̓emlúps, Rosanne Casimir, Egerton Ryerson, Chris Helgren Read, Casimir, Vancouver Archbishop J, Michael Miller, Organizations: Catholic, Canadian Conference of Catholic Bishops, Kamloops Indian Residential School, Ryerson, REUTERS, Catholic Church, Vancouver Archbishop, Twitter, The, Canadian Conference of Catholic, United, Vatican, Thomson Locations: Kamloops, British Columbia, British, Toronto , Ontario, Canada, Vancouver, United Nations,
The Tk'emlúps te Secwépemc indigenous nation in British Columbia announced last week it had found the remains of 215 children, some as young as three, buried at the site of the Kamloops Indian Residential School, once Canada's largest such school. Run by the government and church groups, the schools' stated aim was to assimilate indigenous children. Saa Hiil Thut, who spent his teenage years at the Kamloops Indian Residential School, remembers the hunger, the loneliness and the fear. 'IT DESTROYED MY LIFE'Elizabeth Prosser, the youngest of 13, was the only one of her siblings not to attend Kamloops Indian Residential School. "This is a larger story beyond residential schools.
Persons: Egerton Ryerson, Chris Helgren, Elizabeth Prosser, ” Marta Hurtado, Judy Wilson, Wilson Organizations: Ryerson, Kamloops Indian Residential School, REUTERS, British Columbia, Saa, Reuters, Kamloops Indian Residential, Human Rights, United Nations, Thomson Locations: British, Kamloops, Toronto , Ontario, Canada
TSX opens higher on energy boost
  + stars: | 2021-05-28 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: 1 min
FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren(Reuters) - Canada’s main stock index opened higher on Friday, buoyed by energy stocks tracking gains in oil prices, overshadowing concerns about more supply from Iran once sanctions are lifted. * At 9:32 a.m. ET (1332 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 109.67 points, or 0.55%, at 19,884.08.
Persons: Chris Helgren Organizations: Toronto Stock Exchange, REUTERS, Toronto Stock Locations: Toronto , Ontario, Canada, Iran
TSX hits record high on energy boost
  + stars: | 2021-05-28 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (13:42 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 100.87 points, or 0.51%, at 19,875.28. The industrials sector rose 0.7%. [GOL/]* On the TSX, 164 issues were higher, while 56 issues declined for a 2.93-to-1 ratio favouring gainers, with 23.83 million shares traded. * Across all Canadian issues there were 73 new 52-week highs and 5 new lows, with total volume of 44.86 million shares.
Persons: Chris Helgren, Brent Organizations: Reuters, Toronto Stock Exchange, REUTERS, Toronto Stock, HEXO, National Bank of Canada, TSX, Blackberry, Ivanhoe Mines, National Bank, Canada, Sun, Zenabis Locations: Iran, Toronto , Ontario, Canada, Canadian, IVN.TO
CANADA STOCKS TSX futures rise as oil prices gain
  + stars: | 2021-05-28 | by ( ) www.reuters.com + 0.00   time to read: +3 min
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris HelgrenFutures for Canada's main stock index rose on Friday as oil prices gained on optimism of a demand recovery, overshadowing concerns about more supply from Iran once sanctions are lifted. Brent crude was up 0.37% at $69.72 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 0.55% to $67.22. June-quarter futures on the S&P/TSX index were up 0.34% at 7:00 a.m. ET, Dow Jones Industrial Average e-mini futures were up 0.5% and S&P 500 e-mini futures had gained 0.39%.
Persons: Chris Helgren, Brent, Hexo, Canada's, Justin Trudeau Organizations: Toronto Stock Exchange, REUTERS, U.S, West Texas, Toronto Stock, Dow Jones, Nasdaq, U.S ., Federal, Quebec, Royal Bank of Canada, BMO, Energy Inc, Citigroup, Canadian Imperial Bank of Commerce, Credit Suisse, Brent, Chicago PMI, Canada, Thomson Locations: Toronto , Ontario, Canada, Iran, Chicago, Dallas
U.S. consumers borrow more for longer to drive trucks and SUVs
  + stars: | 2021-05-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Chris Helgren/File PhotoDETROIT (Reuters) - U.S. consumers borrowed more for longer in the first quarter of 2021 so they could drive more expensive trucks and sport utility vehicles, according to a new Experian study of auto credit market trends. At the same time, average credit scores for consumers who financed new and used vehicles are higher, and delinquency rates are lower, indicating a healthy auto credit market overall, the study found. Experian, an information services company, gathers data on consumer and business credit and generates credit scores, among other services. The share of consumers with sub-prime credit scores dropped to a new record low of just over 17%. More than 56% of new vehicles financed in the first three months of 2021 were SUVs, and another 17% were pickup trucks.
Persons: Chris Helgren, , Melinda Zabritski, Experian’s, Experian, ” Zabritski Organizations: General Motors Co, REUTERS, DETROIT, , Toyota Locations: Ingersoll , Ontario, Canada
UAE to get 3 Amazon Web Services data centres in 2022
  + stars: | 2021-05-26 | by ( ) www.reuters.com + 1.00   time to read: +1 min
The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris HelgrenAmazon.com Inc (AMZN.O) said on Wednesday its cloud service unit will launch three data centres in the first half of 2022 in the United Arab Emirates, its second Middle East infrastructure region. Amazon Web Services (AWS) opened its first Middle East data centres in neighbouring Bahrain in 2019. The Abu Dhabi Investment Office (ADIO) said the deal was part of its efforts to attract investments that build technology capabilities and accelerate innovation. "We are excited to build on the great momentum of cloud adoption in the Middle East by providing more choice for customers in the UAE to run applications and store data locally," said Peter DeSantis, AWS Senior Vice President of Global Infrastructure.
Persons: Chris Helgren, Peter DeSantis Organizations: Amazon Web Services, REUTERS, Inc, United Arab Emirates, Web Services, Abu, Abu Dhabi Investment Office, Global Infrastructure, Thomson Locations: Toronto , Ontario, Canada, East, Bahrain, Abu Dhabi, UAE
United Airlines sees smaller unit revenue decline as summer demand picks up
  + stars: | 2021-05-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: 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 Photo(Reuters) - United Airlines Holdings Inc on Tuesday forecast a smaller fall in second-quarter unit revenue and core margins, and said it expects domestic leisure yields for summer travel to exceed 2019 levels. “Business demand continues to be significantly depressed, though bookings for business travel are starting to recover,” United said. The carrier expects total revenue per available seat mile (TRASM), or unit revenue, to be down about 12% in the second quarter from 2019, compared to its prior outlook of down about 20%. United expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin in the quarter to be down 11%, compared to its prior forecast of down 20%.
Persons: Chris Helgren, ” United Organizations: United Airlines, Newark Liberty International Airport, REUTERS, United Airlines Holdings Inc, United, U.S, Southwest Airlines Locations: New York City, New Jersey, U.S, United States, India, Israel
Iran rejects Canadian court ruling that Tehran liable for downed Ukrainian plane
  + stars: | 2021-05-21 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
Mourners attend an outdoor vigil for the victims of a Ukrainian passenger jet which crashed in Iran, in Toronto, Ontario, Canada January 9, 2020. REUTERS/Chris HelgrenIran said on Friday a provincial Canadian court has no jurisdiction to rule on a claim for damages over the crash of a Ukrainian passenger plane downed by Iran's Revolutionary Guards last year. read more"Everyone knows that the Canadian court has no jurisdiction over this air crash" since it occurred outside Canada, Iran’s Foreign Ministry spokesman Saeed Khatibzadeh told reporters. Foreign states are not typically within the jurisdiction of Canadian courts, but a 2012 Canadian law limited that immunity for countries listed as "foreign state supporters of terrorism," including Iran. Canada does not have formal diplomatic relations with Iran, and claiming damages will likely be lengthy and complex, but it has been done before.
Persons: Chris Helgren, Saeed Khatibzadeh, Ayatollah Ali Khamenei Organizations: REUTERS, Canadian, Iran's Revolutionary Guards, Justice, Iran’s Foreign, ministry’s, Islamic Revolutionary Guard Corps, Thomson Locations: Ukrainian, Iran, Toronto , Ontario, Canada, Chris Helgren Iran, Canadian, Ontario, Tehran, United States
U.S. weighs changes to COVID-19 travel restrictions
  + stars: | 2021-05-20 | by ( David Shepardson | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Chris Helgren/File PhotoThe Biden administration has been weighing changes to sweeping travel restrictions that bar much of the world’s population from coming to the United States, but has reached no decisions, government and industry officials told Reuters. European Union countries agreed on Wednesday to ease COVID-19 travel restrictions on non-EU visitors ahead of the summer tourist season, a move that could open the bloc’s door to all Britons and to vaccinated Americans. Asked whether the United States would allow vaccinated Europeans to enter, a White House spokesman said there were no changes in travel restrictions planned at the moment. A coalition of U.S. and European travel, airline, union, business and airport groups has called for a full reopening of the U.S.-UK air travel market “as soon as safely possible" - and hopes both government will lift restrictions by early June. Since early 2020, the United States has barred nearly all non-U.S. citizens who have recently been in the UK and much of Europe, as well as China, Iran and Brazil.
Persons: Chris Helgren, Biden, Pete Buttigieg, Buttigieg Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Reuters, European Union, U.S . Travel Association, . Transportation, CDC, U.S . Centers for Disease Control, U.S, U.S ., Thomson Locations: New York City, New Jersey, U.S, United States, Europe, Britain, China, Iran, Brazil, Washington, South Africa, India
Capital Calls: A tale of two break fees
  + stars: | 2021-05-18 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
A Canadian National Railway freight train in Tyendinaga, Ontario, Canada, February 21, 2020. One form of insurance is a break fee payable if one partner jumps, say, for a better deal. The larger company’s break fee would be $1.8 billion, while Discovery boss Chief Executive David Zaslav would have to come up with $720 million. In Canadian National Railway’s (CNR.TO) bid for U.S. railroad Kansas City Southern (KSU.N), there might be two fees. Canadian National looks to have wooed Kansas City away from an agreed merger with Canadian Pacific Railway (CP.TO) read more .
Persons: Chris Helgren, David Zaslav, Chris Hohn, Richard Beales Organizations: Canadian National Railway, REUTERS, Discovery, U.S, Kansas City Southern, Kansas City, Canadian Pacific Railway, TCI Fund Management, Eurostar Locations: Tyendinaga , Ontario, Canada, Kansas, Montreal, Canadian
FILE PHOTO: The Citigroup Inc (Citi) in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File PhotoLONDON (Reuters) - Citigroup has promoted Ignacio Gutiérrez-Orrantia, one of its most senior bankers in Madrid, to lead its banking, capital markets and advisory (BCMA) franchise for Europe, the Middle East and Africa, a memo seen by Reuters shows. Gutiérrez-Orrantia, 49, has been at Citi for 17 years and will replace Philip Drury, who is moving to San Francisco to lead the bank’s global technology and communications advisory unit. Gutiérrez-Orrantia will join Citi’s EMEA operating committee and BCMA senior leadership committees globally while also becoming the senior manager responsible for BCMA for the bank’s UK legal entities. In his new role he will report to Citi’s co-heads of investment banking, Manolo Falco and Tyler Dickson, as well as EMEA CEO David Livingstone.
Persons: Chris Helgren, Ignacio Gutiérrez, Philip Drury, Citi’s, Manolo Falco, Tyler Dickson, David Livingstone Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Reuters, Citi’s EMEA, BCMA, Bilbao Locations: Toronto , Ontario, Canada, Madrid, Europe, East, Africa, San Francisco, Iberia, Netherlands, Nordic, Switzerland
FILE PHOTO: 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 Photo GLOBAL BUSINESS WEEK AHEAD/File Photo(Reuters) - United Airlines said on Monday it would add more than 400 daily flights to its July schedule and increase services to re-opened European destinations as easing pandemic restrictions spur summer travel demand. Summer travel bookings rose 214% from 2020 levels, the airline said, adding that it planned to fly 80% of its U.S. schedule compared to July 2019. The European Union has recommended easing COVID-19 travel restrictions next month to let foreign travelers from more countries enter the bloc. The U.S. carrier has teamed up with Clorox and Cleveland Clinic for cleaning and health safety procedures.
Persons: Chris Helgren, Moody’s Organizations: United Airlines, Newark Liberty International Airport, REUTERS, European Union, Cleveland Clinic Locations: New York City, New Jersey, U.S, Europe, Dubrovnik, Croatia, Athens, Greece, The U.S
On Friday, Canada's public health agency offered guidelines to the 10 provinces, which are responsible for public health restrictions. Once 75% of those eligible are fully vaccinated in the fall, indoor sports and family gatherings can be allowed again. While in most of Canada masks are not required outdoors, they are mandatory indoors. Less than 4% of Canada's adult population has been fully vaccinated compared to more than 36% of Americans. Prime Minister Justin Trudeau, who has promised that everyone who wants to can be fully vaccinated by September, this week spoke of a "one-dose summer" and a "two-dose fall" without explaining what that might look like.
Persons: Chris Helgren, Theresa Tam, Tam, Justin Trudeau Organizations: Humber River Hospital, Downsview Arena, REUTERS, U.S . Centers for Disease Control, Prevention, Thomson Locations: Humber, Toronto , Ontario, Canada, United States
FILE PHOTO: The Citigroup Inc (Citi) in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File PhotoNEW YORK (Reuters) - Citigroup Inc has created a unit within its energy investment bank dedicated to the clean energy transition, aiming to capture more business from the shift towards a lower carbon economy, according to an internal memo seen by Reuters. The move comes after Citigroup said in March it would consolidate three of its investment banking units - energy, power, and chemicals - into a single entity that would be more responsive to clients’ focus on sustainability. The Clean Energy Transition sector will sit within that group and cover both public and private entities, as well as private equity and venture capital firms and their respective portfolio companies focused on green energy. Firms involved in renewable power generation will remain with bankers in the broader group.
Persons: Chris Helgren, Serge Tismen, Shail Mehta, Organizations: Citigroup Inc, Citi, REUTERS, Reuters, Citigroup Locations: Toronto , Ontario, Canada
United begins repairs on 17 737 MAX planes, expects quick return
  + stars: | 2021-05-13 | by ( ) www.reuters.com sentiment -1.00   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) said Thursday it has begun repairing 17 Boeing 737 MAX planes (BA.N) after the largest U.S. planemaker sent carriers bulletins on how to address an electrical grounding issue that halted flights on 109 planes since early April. A United spokeswoman said the airline expects its "Boeing 737 MAX aircraft to return to service in the coming days as we complete our inspection process and ensure those aircraft meet our rigorous safety standards." Reuters first reported late Wednesday that the Federal Aviation Administration had signed off on Boeing's service bulletins. read moreOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, planemaker Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Reuters, Federal Aviation Administration, Thomson Locations: New York City, New Jersey, U.S
REUTERS/Chris Helgren/File PhotoUnited Airlines (UAL.O) and two other major U.S. carriers said on Thursday they will quickly repair more than 60 Boeing (BA.N) 737 MAX planes grounded early last month over an electrical problem that could have interfered with some critical systems. Boeing Co (BA.N) sent all affected carriers service bulletins late on Wednesday on how to address the production issue, which had affected 109 planes worldwide. The electrical problem being repaired did not cause any in-service failures, the FAA noted. Shares in the airlines and Boeing were up 1.8% to 2.9% in late morning trading. Airlines removed dozens of 737 MAX jets from service in early April after Boeing warned of the electrical problem, linked to a backup power control unit in the cockpit on planes built since early 2019.
Persons: Chris Helgren, Leslie Scott, Steve Dickson Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Boeing, Boeing Co, Federal Aviation Administration, Reuters, MAX, FAA, Airlines, Southwest Airlines, Cayman Airways, Copa Airlines, Linhas, Iceland Air, Minsheng Leasing, Neos, Shanding Airlines, Sunwing Airlines, Turkish Airlines, Valla Jets, WestJet Airlines, Xiamen Airlines, Thomson Locations: New York City, New Jersey, U.S, United States, Airlines, Linhas Aereas, TUI, Turkish
A pipe transporting jet fuel offloaded from barges in seen at Kinder Morgan's Westridge Terminal on Burrard Inlet in Burnaby, British Columbia, Canada November 18, 2016. Goldman Sachs expected jet fuel demand to rise to 3.9 million bpd in May, compared with the low of 2.2 million bpd in May 2020. ARBITRAGEThe weak market for jet fuel consumption in the East has opened arbitrage for cargoes to the West. U.S. jet demand is expected to average 1.3 million bpd in 2021, up from 1.09 million bpd in 2020, but down from 1.75 million bpd in 2019, Suzanne Danforth of Wood Mackenzie said. read moreWood Mackenzie expects India's jet fuel demand in the second quarter to decline 6.5% from the first quarter.
Persons: Chris Helgren, FGE, Goldman Sachs, OAG, Suzanne Danforth, Wood Mackenzie, Danforth Organizations: REUTERS, International Energy Agency, Lufthansa, European Union, U.S, U.S . Energy, Thomson Locations: Morgan's, Burrard, Burnaby , British Columbia, Canada, India, Britain, Japan, China, East, Suez, Europe, U.S
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