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Watch CNBC's full interview with Airbus CEO Guillaume Faury
  + stars: | 2024-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Airbus CEO Guillaume FauryAirbus CEO Guillaume Faury speaks to CNBC's Charlotte Reed after the company's full-year earnings report.
Persons: Guillaume, Guillaume Faury, CNBC's Charlotte Reed Organizations: Airbus
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur job is to deliver high quality and safe planes, Airbus CEO saysAirbus CEO Guillaume Faury says that, despite issues at rival Boeing and broader pressures in the sector, the company remains focused on delivering high-quality and safe planes.
Persons: Guillaume Faury Organizations: Airbus, Boeing
An Airbus SE A380 airplane during a tour of a new maintenance hangar and control tower, at Chateauroux-Centre "Marcel Dassault" Airport in Chateauroux, France, on Friday, July 1, 2022. Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker. But he said the company is focused on its order backlog with existing customers "that's independent from what could happen outside." Openings for new airplane orders won't be available until the next decade, "so that would more impact the long term competitive positioning of the two companies rather than the short term," Faury said. Airbus reported that adjusted earnings before interest and tax rose 4% to 5.8 billion euros ($6.2 billion) as revenue climbed 11%.
Persons: Marcel Dassault, Guillaume Faury, jetliner, Faury Organizations: Airbus, Boeing Locations: Chateauroux, France, Toulouse
A former flight attendant is suing Singapore Airlines, citing an injury from unsafe work conditions. Durairaj Santiran said he slipped on a grease patch on a flight, and is now suing for $1.3 million. Singapore Airlines, however, said no such grease patch existed and disputed his claims. AdvertisementA former flight attendant for Singapore Airlines is suing the carrier for $1.3 million, saying it failed to provide a safe working environment that led to a career-ending injury. Durairaj worked as a flight attendant for Singapore Airlines from April 2016 to April 2021, according to the paper.
Persons: Durairaj Santiran, , Durairaj, Ramasamy Chettiar, Kasturibai Manickam, Durairaj's Organizations: Singapore Airlines, Service, The Straits Times, Airbus, CNA, Durairaj's, Straits Times Locations: Singapore's, San Francisco, Singapore
Air India is rebuilding its reputation after falling into disarray under state ownership. I found the cabin a major upgrade after flying Air India's old legacy business class for 13 hours. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Tata Group — which first founded Air India in 1932 before it was nationalized in 1953 — bought back the carrier in 2021. Under renewed management, Air India has vowed to improve its reputation, which has been plagued by broken seats and filthy planes.
Persons: , it's Organizations: Airbus, Air, Service, The Tata Group, Air India, Business Locations: India, Air India
United Airlines "briefly" grounded its Airbus A321neos due to a peculiar rule. It needed an exemption from requirements flight crew be able to turn off "No Smoking" signs. United received an exemption for Boeing jets in 2020, but ordered the A321neos a year later. The FAA told BI it was "working to quickly resolve a non-safety issue that United Airlines discovered with some of its Airbus A321neo aircraft." Around four hours after those statements, a United spokesperson said the FAA gave it permission to keep operating the jets while it evaluates the exemption request.
Persons: , United, PJ9i1QRzn4, nQU7I4e1WK — Jason Rabinowitz Organizations: Airlines, Airbus, Boeing, Service, United Airlines, Department of Transportation, Federal Aviation Administration, United, FAA, Airbus A321neo
LONDON — European markets were a mixed bag on Tuesday morning, as investors assessed incoming corporate earnings reports and awaited a key U.S. inflation print. The pan-European Stoxx 600 index slipped 0.15% in early trade, with tech stocks shedding 1.3% to lead losses while mining stocks added 0.5%. Headline inflation is expected to come in at 0.2% month-on-month and 2.9% annually, according to economists polled by Dow Jones. The regional Stoxx index has recorded a muted February so far, following a strong end to January. This week will see reporting from several major European businesses, including Heineken, Airbus, Renault, NatWest and Commerzbank.
Persons: DAX, Dow Jones Organizations: LONDON, Japan's Nikkei, Dow Jones Industrial, Federal Reserve, Heineken, Airbus, Renault, NatWest, Commerzbank Locations: Frankfurt, Germany, U.S, London, Europe
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. The company handed over 27 planes last month, its lowest tally since September, compared with 67 deliveries in December. It sold three Boeing 737 Max planes, but also logged three cancellations. The three gross orders come after a big December when Boeing sold 371 planes. Boeing's January deliveries included three Max planes to Chinese customers, the first in about four years.
Persons: Max, Dave Calhoun, Calhoun, Mike Whitaker, Whitaker Organizations: Boeing, Boeing Factory, Airbus, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, FAA, CNBC Locations: Renton , Washington , U.S, Portland , Oregon, Renton , Washington, Renton
After a strong end to January, the pan-European Stoxx 600 index has recorded a muted February so far, dipping 0.17% to date. European markets are heading for a higher open to kick off the new trading week, as investors continue to monitor corporate earnings and the interest rate outlook. Investors may pay particular attention to consumer stocks and what they suggest about the strength of certain economies, as central banks monitor the state of growth and inflation. Many major Asia-Pacific stock markets were closed on Monday for the Lunar New Year, while Chinese markets are shut for the week. The U.S. consumer price index will be released Tuesday.
Organizations: Heineken, Airbus, Renault, Natwest, Commerzbank, Sony Locations: Asia, Pacific, U.S
They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .
Persons: it’s, could’ve, William Lazonick, , It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, , , Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, , NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America
“I don’t believe that you should be worried,” says Geoffrey Thomas, an aviation safety expert and editor in chief of Airline Ratings, which publishes an annual list of the safest airlines. The list of the world’s safest airlines is topped by Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair and Cathay Pacific. Charly Triballeau/AFP/Getty Images“Aviation is the safest mode of transportation,” says Anthony Brickhouse, a professor of aviation safety at Florida’s Embry-Riddle Aeronautical University. “Unfortunately, with the Japan Airlines accident, we did lose five people on the military aircraft, but everybody made it off of the civilian aircraft. Remote in probabilityDespite concerns, the Boeing 737 has a better safety record than the 747, experts say.
Persons: , Geoffrey Thomas, it’s, , Thomas, Charly Triballeau, Anthony Brickhouse, Florida’s Embry, Brickhouse, Max, we’ve, Willie Walsh, Arnold Barnett, That’s, we’re, ” Barnett, Jason Redmond, Barnett Organizations: CNN, Alaska Airlines, Max, Boeing, , Airbus, Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair, Cathay Pacific, Getty, Florida’s, Riddle Aeronautical University, US Federal Aviation Administration, National Transportation Safety Board, Japan Airlines Airbus, Tokyo Coast Guard, FAA, Japan Airlines, NTSB, Reuters, Massachusetts Institute of Technology, European Union, United Locations: AFP, Tokyo, Japan, Africa, Latin America, Asia, Australia, Canada, China, Israel, New Zealand, Norway, Switzerland, United Kingdom, United States
CNN —The CEO of a major Nigerian bank, along with his wife and son, were among six people killed in a helicopter crash in the Mojave Desert near the California-Nevada border late Friday night, according to a World Trade Organization official. Both of the helicopter’s pilots were also killed, according to authorities. The aircraft, which was operated by California-based charter company Orbic Air, took off around 8:45 p.m. PT and crashed just after 10 p.m. near Interstate 15 in Halloran Springs, California, Graham said. The NTSB is investigating the cause of the crash and was on the scene in Halloran Springs, California, Saturday night collecting evidence, Graham said at a news conference. Authorities have yet to publicly identify the people killed but condolences have began pouring in for the Wigwe family and Ogunbanjo.
Persons: Herbert Wigwe, Abimbola Ogunbanjo, Ngozi Okonjo, Iweala, Michael Graham, Graham, Witnesses, Godwin Obaseki, , ” “ Wigwe, ” Obaseki, Wigwe Organizations: CNN, California -, World Trade Organization, Access Bank, Nigeria Stock Exchange, WTO, Airbus, National Transportation Safety, Orbic Air, NTSB, Authorities, Bank, San Bernardino County Sheriff’s Department Locations: Nigerian, California, California - Nevada, Palm Springs , California, Boulder City , Nevada, Las Vegas, Halloran Springs , California, Nigeria’s Edo, Nigeria, San Bernardino County, Graham
Bangkok CNN —A Canadian man has been arrested in the northern Thai city of Chiang Mai after he allegedly opened the door on a commercial plane and triggered the evacuation slide prior to takeoff. According to a statement issued by the Chiang Mai International Airport, the incident took place on the night of February 7. The Airbus A320 was unable to be immediately moved, temporarily preventing other flights from taking off and landing, said the statement. Chiang Mai officials say 2,295 passengers were affected by the February 7 incident. Police said they were unaware of the suspect’s motive for opening the door, but noted he appeared stressed and was difficult to communicate with.
Persons: Bangkok CNN —, Chiang Mai, Chiang, , , Ronnakorn Chalermsanyakorn, Manuschai, Wong Sai Heung Organizations: Bangkok CNN, Chiang Mai International Airport, Thai Airways, Bangkok’s Suvarnabhumi, Airbus, Airways, Chiang Mai International Airport Thai Airways, Chiang Mai Police, CNN, Police, Psychiatric, Canadian Embassy Locations: Bangkok, Thai, Chiang Mai, Thailand
Read previewSpirit Airlines is still battling to keep its merger plans with Jet Blue alive, but in the meantime its CEO says it has a path to financial stability. AdvertisementSimilarly the annual net loss of $447 million was lower than the $554 million loss for 2022. Spirit's merger with JetBlue was blocked by a federal judge last month on the grounds that it would harm consumers. Spirit plans to sell 25 aircraft and lease them back in a move that generated $419 million, per its results. Spirit did not immediately respond to a request for comment from Business Insider made outside normal working hours.
Persons: , Ted Christie, Christie Organizations: Service, Jet, Bloomberg, Business, JetBlue, Airbus, Pratt & Whitney, CNBC
Spirit Airlines ' fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is on a path back to profitability and that the domestic air travel market is improving. Spirit still expects to lose money in the first quarter, however, and said it expects revenue of between $1.25 billion and $1.28 billion, above analysts' forecasts. The carrier plans for 2024 capacity to be flat to up mid-single digits compared with last year, and up 1.5% in the first quarter, Spirit said. Spirit said it expects to have an average of 25 Airbus aircraft grounded this year because of the Pratt & Whitney engine issues. Spirit said expects to have 215 airplanes in its fleet by the end of the year.
Persons: Ted Christie, Spirit Organizations: Airlines, Pratt & Whitney, Airbus, JetBlue Airways, LSEG, Revenue, Company Locations: Miramar , Florida
The Airbus 320 model, belonging to the airline carrier Avion Express, veered off to the right as it landed at Vilnius Airport but slowly returned to the runway. Representatives for Vilnius Airport confirmed that videos circulating online were of the incident. AdvertisementVilnius Airport ceased operations for hours following the incident to inspect the runway but resumed flights soon after. "Please be informed that following the incident this afternoon, the runway at Vilnius Airport will be reopened for operations from 17:00, and flights will continue as normal," the airport wrote on Saturday. Representatives for Vilnius Airport told Business Insider they had no further information to provide.
Persons: skidding, , skidded, Communications Rolanda Lipneviciute Organizations: Service, Airbus, Avion Express, Vilnius Airport, Facebook, Ministry, Justice, Business, Avion, Communications Locations: Milan, Vilnius, Lithuanian, Republic of Lithuania, Lithuania
Airline CEOs have criticized Boeing in the wake of the Alaska Airlines blowout. AdvertisementThe Alaska Airlines blowout in January has subjected Boeing to a torrent of criticism from airline executives. AdvertisementFrom Boeing's biggest customer to regulators' strong words, the incident has sparked a wave of public criticism, a rarity in the aviation sector. AdvertisementAs the FAA increased its oversight of Boeing's production line, Administrator Mike Whitaker said: "The quality-assurance issues we have seen are unacceptable." Pete Buttigieg, the transportation secretary, backed the FAA's actions, saying it "is holding Boeing accountable for its production quality problems."
Persons: , Stan Deal, Scott Kirby, United Airlines Scott Kirby, Brian Snyder United, didn't, Max, Kirby, Ben Minicucci, Minicucci, Michael O'Leary, Ryanair Michael O'Leary, Yves Herman Ireland, O'Leary, Dave Calhoun, Tim Clark, they've, Clark, Mike Whitaker, Pete Buttigieg, Win McNamee, Donald Trump, Whitaker Organizations: Boeing, Alaska Airlines, FAA, Service, Street Journal, Airplanes, United Airlines, REUTERS, CNBC, NBC, Ryanair, Financial Times, Airbus, Emirates, Transportation, Max, Federal Aviation Administration Locations: Alaska
TOKYO (Reuters) - A labour union representing air traffic controllers in Japan has called for a "significant increase" in staff to improve the safety of operations at airports in the wake of a deadly crash at Tokyo's Haneda airport last month. "We strongly urge the realisation of a significant increase in the number of air traffic controllers," Masato Yamazaki said in the statement, adding that speculation about the cause of the crash risked putting mental strains on controllers. He said repeated staffing requests to the government, which directly employs air traffic controllers in Japan, have been only partially approved in recent years despite increased workload on controllers. Other countries including the United States and France are grappling with air traffic control staff shortages that airlines have argued pose risks to aviation safety. In 2019, each air traffic control operator in Japan handled nearly 7000 flights, up from around 4,600 in 2004, according to the ministry's records.
Persons: Masato Yamazaki, Yamazaki, Nobuhiro Kubo, John Geddie, Jamie Freed Organizations: Japan Airlines, JAL, Coast Guard, Airbus, Authorities Locations: TOKYO, Japan, Haneda, United States, France
New York CNN —Spirit AeroSystems, the troubled Boeing supplier which builds fuselages and other parts for the company, reported its first adjusted quarterly profit since the start of 2022, helped by increased payments from Boeing. But the continued quality and safety problems at Boeing, and at Spirit AeroSystems, caused the supplier to announce it would not give any outlook for profits the rest of the year. Boeing announced on Sunday that Spirit AeroSystem workers disclosed there were misdrilled holes on 737 Max fuselages the company had built. Because of that agreement, Spirit reported net income of $59 million for the quarter, a large improvement from the net loss of $243 million a year earlier. Spirit has reported net losses every quarter since the start of the pandemic in early 2020.
Persons: Max fuselages, Max, AeroSystems Organizations: New, New York CNN, Boeing, Alaksa Airlines, Max, Alaska, Federal Aviation Administration, Airbus, Spirit Locations: New York
British startup carrier Global Airlines said on Friday that it had fully acquired an Airbus A380 jet previously owned by China Southern Airlines. MSN 120, however, is not the same plane that Global said it acquired back in May 2023. Following the purchase of MSN 120, Global expects to acquire three more A380s and hopefully launch commercial flights "later this year," it said. "The renaissance of the A380 is really the focus of Global Airlines," HiFly CCO Richard Stephenson said in a December video posted by Global. Simple Flying reported Global would refurbish MSN 120 but keep its China Southern seats.
Persons: James Asquith, Richard Stephenson, Asquith, Hospitio, Brad Beakley, Beakley Organizations: Global Airlines, Airbus, China Southern Airlines, MSN, Global, CNN, Singapore Airlines, China Southern, 9H, Center for Aviation, Portuguese, HiFly, Global Airlines Asquith, Boeing, Weekly, Gatwick, American Airlines, luxe, Travel Locations: Malta, China, London, New York, Los Angeles
A Thai Airways flight to Australia was delayed four hours after it diverted due to poor visibility. The passenger then deleted his post, but Thai Airways says it is taking legal action. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThailand's national airline said Thursday it is taking legal action against a passenger who accused it of wrongly diverting his flight. In a Facebook post, Thai Airways said the passenger had shared "damaging words" after the flight had to land at a different airport due to weather conditions.
Persons: Organizations: Thai Airways, Service, Airbus, Business Locations: Australia, Bangkok, Melbourne, Sydney
When a Boeing 737 Max 8 crashed off the coast of Indonesia in 2018, killing all 189 people on board, the Federal Aviation Administration allowed other Max planes to keep flying. Less than five months later, in early 2019, another Max 8 crashed in Ethiopia, killing 157 more people. In early January, when a door panel blew out of a Boeing 737 Max 9 jet, the F.A.A. Within a day, it had grounded scores of similar Max 9 planes. The regulator also opened an investigation into Boeing’s compliance with safety standards and announced an audit of the Max 9 production line.
Persons: Max, , William J, McGee Organizations: Boeing, Max, Federal Aviation Administration, American Economic Liberties, Airbus Locations: Indonesia, Ethiopia
According to Forbes' 2023 Travel Guide, Dubai has nine 5-star hotels , compared to Abu Dhabi's three and two in Qatar and Saudi Arabia. Saudi Arabia has made it clear that it wants in on international travel, stating it aims to attract 100-150 million visitors by 2030. Saudi Arabia is catching up with a new airlineThe competition is perhaps the most heated in the aviation industry. On its double-decker Airbus A380, Dubai's airline, Emirates, has top amenities like a shower for business-class passengers, plus an on-board bar. AdvertisementAnd even if it succeeds in attracting tourists to Saudi Arabia, it is unlikely to knock Emirates off its perch.
Persons: , Saudi Crown Prince Mohammed bin Salman Al Saud, Saudi Arabia hasn't, Abu, Abu Dhabi, Forbes, Abu Dhabi's, Faisal Alibrahim, Alibrahim, Mohammed Bin Salman, Kristian Coates Ulrichsen, Ulrichsen, Skytrax, Pete Syme, Tony Douglas, Douglas, That's, OAG Organizations: Service, United Arab Emirates, Business, Saudi Crown, Etihad, Bloomberg, CNN, Saudi, Economic, Rice, Baker Institute for Public Policy, Emirates, Qatar Airways, Qatari, Etihad Airways, Riyadh Air, Air, Riyadh Air's Boeing, Boeing, Dubai International Airport Locations: Dubai, Gulf, Saudi, Saudi Arabia, Riyadh, Abu, UAE, Qatar, Davos, Neom, Emirates, Still, Kingdom of Saudi Arabia, Europe, Americas, Africa, Asia
Notably, however, American said the flight will be operated by its upcoming Boeing 787-9 Dreamliner aircraft equipped with the carrier's brand new Flagship Suite seats. AdvertisementBrisbane is so far the only route revealed to be using the new seats, American confirmed to BI. The Flagship Suite product, which was first announced in September 2022, is a redesigned version of America's "standard" business class and premium economy seats. American's new Flagship Suite on its 787 Dreamliner. American did not specify to BI if Brisbane will be the inaugural route for the new Flagship Suite seats.
Persons: Thomas, Brian Znotins Organizations: Airlines, Brisbane Airport, Fort Worth International, Boeing, BI, Airbus, American Airlines, Galeão International, DFW, Turks, Virgin Islands, Cayman, Texas, Oneworld, Australian, Qantas, Melbourne . American Airlines Locations: Texas, Australia, Dallas, DFW, American, Brisbane, Los Angeles, Sydney, Veracruz, Mexico, Rio de Janeiro, Providenciales, Caicos, St, Virgin, Maui, Hawaii, Kona, Auckland, Zealand, New Zealand, Melbourne, United States
A transatlantic JetBlue flight descended into chaos as six people restrained a passenger. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA JetBlue passenger caused chaos on board after he had to be restrained by six people, a video posted online shows. In a statement shared with NBC News, the airline said the passenger "began acting erratically and aggressively toward his travel companion and members of the inflight crew." "The flight landed safely at New York's JFK Airport where it was met by law enforcement who took over the situation.
Persons: Organizations: JetBlue, Service, NBC News, Airbus, Business, Port Authority of New, NBC, JFK Locations: New York, London, Port Authority of New York, New Jersey, New
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