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☆ Small-Cap Stocks: How to Pick Winners, 3 That Top-5% Fund Manager Owns
▼ + stars: | 2023-11-29 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

Sauerbronn, a director at Brandes Investment Partners, has co-managed the Brandes Small Cap Value Fund for the last five years. Sauerbronn did note that ideally, he'd hold stocks for longer, and in fact there are some stocks in the fund that have been there for 10 years or more. 3 favorite stocks right nowAmong the holdings in Sauerbronn's fund, industrials stand head and shoulders above the rest. But Sauerbronn has focused on positioning the fund defensively, homing in on stocks with strong balance sheets in an industry that has grown used to easy money. As the name implies, the company manufactures composite materials for companies across the aerospace market, from drones to jet engines.

Persons: Luiz Sauerbronn, Sauerbronn, Patience, It's, Barber Nichols, tanking, Max Organizations: Brandes Investment Partners, Value Fund, Business, Graham Corp, US Navy, Navy, Aerospace, Park Aerospace, Airbus, Boeing, Moog Inc Locations: —

☆ Spirit Airlines offers buyouts to salaried employees to cut costs
▼ + stars: | 2023-11-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Spirit Airlines is offering voluntary exit packages to salaried employees, the budget carrier's latest cost-cutting measure as it expects financial strains to continue next year. "Now, we're taking the next difficult step – enacting an Early Voluntary Out program for salaried Team Members," Christie wrote in the memo. The company had a similar plan during the height of Covid pandemic. "Based on the success of that plan, we're implementing a similar set of opportunities to help us right-size our organization for our current fleet and business constraints." The Wall Street Journal reported the Spirit Airlines buyouts earlier Wednesday

Persons: Ted Christie, Christie Organizations: Airlines, Airbus, Pratt, Whitney, CNBC, Denver, Team, JetBlue Airways, Justice Department, Street Journal, Spirit Airlines Locations: Boston

☆ 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

☆ Rolls-Royce's overhaul is deceptively ambitious
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 28 (Reuters Breakingviews) - Rolls-Royce (RR.L) boss Tufan Erginbilgic wants to push Britain's biggest aerospace company to its limit. On the face of it, Erginbilgic's targets are not overly ambitious. Analysts were already forecasting a group operating margin of 11% in 2025 on the back of an air traffic recovery, according to LSEG data, not far below Erginbilgic's goal of 13%-15%. Yet this is the same margin range of Rolls-Royce's rivals Safran (SAF.PA) and General Electric (GE.N) which make engines for short-haul flights. Rolls-Royce's engines are instead used to power so-called widebody aircraft like Airbus's A330neo, used for transatlantic flights.

Persons: Tufan Erginbilgic, Safran, Pamela Barbaglia, Julius Baer’s, Warren Buffett, Neil Unmack, Streisand Neto Organizations: Reuters, Royce, Investors, General Electric, X, Thomson

☆ US FAA tightens aircraft certification oversight after Boeing MAX crashes
▼ + stars: | 2023-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The FAA said Tuesday it was also issuing additional guidance to airplane manufacturers on how to identify safety-critical information and said both new steps will "improve aircraft certification safety." A U.S. House of Representatives report said Boeing failed to classify MCAS as a safety-critical system, which would have attracted greater FAA scrutiny during the certification process, and said the "FAA failed in its oversight of Boeing and its certification of the aircraft." The FAA is still considering whether to certify two additional variants of the MAX - the smaller MAX 7 and larger MAX 10. Last year, the FAA granted Boeing a shorter regulatory compliance program extension than the planemaker sought, so it can ensure the company implements "required improvements."

Persons: Peter Cziborra, David Shepardson Organizations: Boeing, Max, Farnborough, REUTERS, Rights, Federal Aviation Administration, FAA, Airbus, U.S . House, MCAS, Thomson Locations: Farnborough, Britain

☆ The first commercial transatlantic flight powered completely by green fuels is in the air, but critics say it's a gimmick and a joke
▼ + stars: | 2023-11-28 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +3 min

Virgin Atlantic is operating the first transatlantic flight on a commercial airliner powered by 100% SAF. But it costs more than double conventional jet fuel, and production is lagging behind demand. Virgin Atlantic is operating the Boeing 787-9 Dreamliner to New York's JFK Airport, where it's expected to arrive around 2 p.m. "And if we didn't prove it can be done, you would never, ever get sustainable aviation fuel." On Monday, Emirates flew the world's first Airbus A380 demonstration flight using 100% SAF.

Persons: it's, Shai Weiss, Sir Richard Branson, There's, Weiss, Critics, Cait Hewitt Organizations: Virgin, SAF, Service, Virgin Atlantic, Boeing, New York's JFK, International Air Transport Association, BBC, Aviation Environment Federation, CNN, Guardian, UK's Department for Transport, Monday, Emirates, Airbus, Gulfstream, Gulfstream G600 Locations: New, Georgia, England

SummaryCompanies Aims for aerospace margin of 15-17%Expects medium-term annual operating profit of 2.8 bln stgShares rise 6.5%LONDON, Nov 28 (Reuters) - Rolls-Royce (RR.L) aims to quadruple profit in the next five years by boosting the performance of its jet engines and bearing down on costs in boss Tufan Erginbilgic's masterplan for Britain's most prestigious engineering company. That would be driven by surge in profit margins at its civil aerospace business to 15-17% from 2.5% last year. Agency Partners analyst Nick Cunningham said the targets implied Rolls-Royce was willing to shed revenues in exchange for better profitability. "If so, that is a deeper culture change from Rolls-Royce’s traditional market share optimisation approach of past decades," he said. "We will capture market share every year, but in a profitable way," he said.

Persons: Tufan, Erginbilgic, Nadja Wohlleben, Royce, Nick Cunningham, Rolls, Paul Sandle, Barbara Lewis, Mark Potter Organizations: Royce, Airbus, Boeing, REUTERS, Agency Partners, Trent, Thomson Locations: widebodies, Royce Germany, Dahlewitz, Berlin, Germany

☆ Virgin Atlantic plane will fly from London to New York with 100% Sustainable Aviation Fuel. Experts say it’s not a fix
▼ + stars: | 2023-11-28 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —For the first time, a transatlantic flight operated by a commercial airline will be powered by 100% Sustainable Aviation Fuel (SAF) — a type of plane fuel that bears the promise of a much lower climate impact than traditional ones. The flight is the latest in a series of recent tests involving 100% SAF. Days earlier, business jet maker Gulfstream completed what it billed as the world’s first transatlantic flight using 100% SAF. Large twin-engine jets have performed flights using 100% SAF on both engines before, but these flights involved military aircraft. “One flight on 100% alternative fuel isn’t going to change the fact that 99.9% of aviation fuel is fossil fuel and there’s no great option for feedstock (raw materials) that can be scaled up sustainably,” she says.

Persons: Virgin Atlantic, Cat Hewitt, Hewitt, we’re, there’s, Giuseppe Cacace, Graham Hutchings, ”, “, ” Matteo Mirolo, ” Hewitt Organizations: CNN, Aviation Fuel, New York’s JFK, Virgin Atlantic, Boeing, Virgin, SAF, UK Civil Aviation Authority, Emirates, Airbus, Gulfstream, International Air Transport Association, Aviation Environment Federation, An, An Emirates Airbus, Getty, Royal Society, European Federation for Transport Locations: London Heathrow, New York’s, An Emirates, AFP

☆ He wanted to be a trombone player. Instead, he ended up as CEO of one of the world's biggest airlines.
▼ + stars: | 2023-11-26 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.

Persons: Johan Lundgren, He's, Lundgren, —, Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP

☆ How Emirates will keep the world's largest airliner flying for years to come —even though Airbus doesn't make it anymore
▼ + stars: | 2023-11-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Emirates announced investments of more than $1.5 billion to keep its 119-strong fleet of Airbus A380s flying. While Airbus shut down production of the A380 in 2021, the move shows Emirates' continued commitment to the jet. AdvertisementAlthough global airlines continue to retire the mammoth Airbus A380 in favor of more fuel-efficient twin-engine aircraft, Emirates is long from giving up on its flagship airplane. AdvertisementThe billion-dollar investment comes despite Airbus shutting down production of the A380 in 2021 after sending off its last double-decker to Emirates. In January, the first of 67 superjumbos completed its full cabin overhaul as part of Emirates' $2 billion retrofit program.

Persons: —, Sir Tim Clark, Clark, Bob Lange, Alan Joyce Organizations: Emirates, Airbus, Service, Dubai Airshow, Collins Aerospace, Honeywell, Pratt & Whitney, Lufthansa Technik, Boeing, British Airways, Qantas, Korean, CNN Locations: Emirates, UAE, London, Los Angeles . Emirates

☆ As second hostage-for-prisoners release looms, Egypt sees 'positive signals' on Gaza truce extension
▼ + stars: | 2023-11-25 | by ( ) www.cnbc.com time to read: +7 min

International Red Cross vehicles, carrying Israeli prisoners released from Gaza, are on their way to Rafah crossing under the 4 day deal in Gaza on November 24, 2023. Egypt, which controls the Rafah border crossing through which vital aid has resumed passing into the Gaza Strip under the truce accord, also said it had received "positive signals" from all parties over a possible extension of that deal. Since then, Israel has rained bombs on Gaza, killing about 14,000 people, roughly 40% of them children, Palestinian health authorities say. Fifty trucks carrying food, water, shelter equipment, and medical supplies, have been deployed to the northern Gaza Strip and to shelters in non-evacuated areas of the Palestinian enclave, Israel said. Since then, Israel has rained bombs on Gaza, killing about 14,000 people, roughly 40% of them children, Palestinian health authorities say.

Persons: Mustafa Hassona, Diaa Rashwan, Biden, Munder, Gilat Livni, Paediatrics, Raz Asher, Yoni, Ronen Zvulun, Joe Biden, Ayman Nofal, Khan Younis, Thomas Samson, Haitham Ahmed, Mohammed Ghandour, I'm Organizations: Cross, Anadolu, Getty, Egypt's, Information Service, Gaza, Schneider Children's Medical, Reuters, Airbus, Arish International Airport, Afp, Israeli Defence Ministry, Reuters Tv Locations: Gaza, Rafah, Egypt, Israeli, Cairo, Israel, London, Gaza Gaza, Palestinian, Petah Tikva, U.S, Khan, El

☆ A Russian A320 that made an emergency landing in a wheat field gave customers about $1,100 in compensation
▼ + stars: | 2023-11-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

A Russian airline gave customers about $1,100 each after it ditched a plane in a Siberian wheat field. The Airbus A320 is still stuck over two months later, and the carrier may "mothball" it for the winter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ural's payout comes two and a half months after the A320 ended up in the remote Russian wheat field. AdvertisementWorkers inspecting the A320 jet in Siberia.

Persons: —, Alexey Malgavko, Oleg Konyuk Organizations: Airbus, Service, Ural Airlines, TASS, People, Federal Air Transport Agency, Aerotime, Workers Locations: Russian, Siberia, Novosibirsk, Ubinsky

☆ 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

☆ The FAA has given Boeing the green light to start certification test flights of its long-awaited 737 MAX 10
▼ + stars: | 2023-11-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

The FAA gave Boeing the green light to start certification flight testing of its 737 MAX 10. The variant is expected to enter service in 2024 after years of production delays. The 737 MAX 10 will rival Airbus' best-selling A321neo praised for its capacity and efficiency. The 737 MAX 10 is one of Boeing's two MAX variants — the other being the MAX 7 — not yet certified to fly. Both the MAX 8 and 9 were officially ungrounded in November 2020, and Boeing expected its 737 MAX 10 to enter service in 2022.

Persons: —, Boeing's, Mike Fleming, Ed Clark, Wayne Tygert Organizations: FAA, Boeing, Airbus, Service, Business, Federal Aviation Administration, Seattle Times, United Airlines, Delta Air Lines, Ryanair, Air Locations: Air India

☆ I went onboard an Emirates A380 for the first time and was blown away by the first-class luxuries – and how you can shower in mid-air
▼ + stars: | 2023-11-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The first-class suites are huge and offer access to a bar and a private shower spa. The largest passenger jet really comes into its own when you're on the upper deck. AdvertisementThe Airbus A380 is the biggest passenger jet ever built, with a maximum takeoff weight of 575 tonnes — about the same as 320 Ford 5-150 trucks. An Emirates A380 seats about 480 passengers, compared to about 280 on the A350-900 and about 240 on a typical Boeing Dreamliner. My first time setting foot on an A380 came at the Dubai Airshow, where I got to see every part of an Emirates jetliner, including the exclusive private shower spa.

Persons: — Organizations: Airbus, Dubai Airshow, Service, Boeing Locations: Emirates, London, Qatar

Defence Minister Yasar Guler said last week that Turkey was in talks with Britain and Spain to buy Eurofighter Typhoon jets, though Germany objected to the idea. Guler was holding talks on the issue with his British counterpart Grant Shapps in Ankara on Thursday, the source said. Turkey wants to buy the most advanced, newly built version of the Eurofighter, he added. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and 79 modernisation kits for its existing warplanes. The Eurofighter Typhoon jets are built by a consortium of Germany, Britain, Italy and Spain, represented by Airbus (AIR.PA), BAE Systems (BAES.L) and Leonardo (LDOF.MI).

Persons: Yasar Guler, Guler, Grant Shapps, Joe Biden's, Leonardo, Tayfun Ozberk, Serhat, Huseyin Hayatsever, Jonathan Spicer, William Maclean Organizations: Eurofighter, . Defence, Eurofighter Typhoon, British, NATO, Turkey, Lockheed Martin Corp, U.S . Congress, Airbus, BAE Systems, Biden Administration, Eurofighter Typhoons, Kadir Has University, Turkish Air Force, Thomson Locations: ANKARA, Turkey, United States, Turkish, Britain, Spain, Germany, Ankara, Italy

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. "As European digital industry representatives, we see a huge opportunity in foundation models, and new innovative players emerging in this space, many of them born here in Europe. The signatories, who said just 3% of the world's AI unicorns come from the European Union, backed a joint proposal by France, Germany and Italy to limit the scope of AI rules for foundation models to transparency requirements. They also said the current broad scope of the draft AI rules could clash with existing legislation in certain sectors such as healthcare. The companies also rebuffed calls from creative industries for the AI rules to tackle copyright issues.

Persons: Dado Ruvic, DigitalEurope, Georgina Prodhan, Foo Yun Chee, Sharon Singleton Organizations: REUTERS, Rights, Airbus, European Union, Apple, Ericsson, Google, LSE, SAP, Siemens, Thomson Locations: BRUSSELS, Europe, France, Germany, Italy

☆ Europe's new Ariane 6 rocket passes launch rehearsal -ESA
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

PARIS, Nov 23 (Reuters) - Europe's Ariane 6 launcher has passed a key rehearsal in preparation for its first flight, the European Space Agency (ESA) said on Thursday - part of efforts to bring the delayed rocket to the launchpad in 2024. Ariane 6 is being developed by ArianeGroup, a joint venture between Airbus (AIR.PA) and Safran (SAF.PA), in order to better compete with U.S. private launch provider SpaceX. Russia blocked European use of its Soyuz rockets last year in response to Western sanctions over Ukraine. "We are back on track towards re-securing Europe's autonomous access to space," ESA Director General Josef Aschbacher said in a statement late on Thursday. Reporting By Tim Hepher in Paris; editing by Jonathan Oatis and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Safran, Vega, Josef Aschbacher, Aschbacher, Tim Hepher, Jonathan Oatis, Sonali Paul Organizations: European Space Agency, ESA, ArianeGroup, Airbus, U.S, SpaceX, Soyuz, Thomson Locations: Guiana, Europe, Russia, Ukraine, Paris

☆ FAA approves Boeing to start 737 MAX 10 certification flight tests
▼ + stars: | 2023-11-22 | by ( Valerie Insinna | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 22 (Reuters) - The Federal Aviation Administration has cleared Boeing (BA.N) to begin certification flight testing of its 737 MAX 10, the largest version of its bestselling jet aimed at seizing the top of the narrowbody market. The FAA granted type inspection authorization for the 737 MAX 10 earlier this week, a milestone that allows FAA pilots to participate in flight testing needed to certify the plane for normal operations, three Boeing executives wrote in a letter to employees. The 737 MAX 10 is Boeing's answer to the A321neo made by European rival Airbus (AIR.PA), which has dominated the lucrative top of the single-aisle market in battles against Boeing's MAX 9. The MAX 10 has so far logged more than 400 flights and almost 1,000 flight hours during Boeing's test program. Boeing's MAX 7 - the smallest entrant of the 737 MAX family - is still awaiting FAA certification, expected by the end of 2023.

Persons: Mike Fleming, Boeing's, Ed Clark, Wayne Tygert, Valerie Insinna, Chizu Organizations: Federal Aviation Administration, Boeing, FAA, Airbus, Boeing's, Thomson

☆ 9 passenger airliners that have landed on Antarctica's rugged runways made out of blue ice
▼ + stars: | 2023-11-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

These planes land on rugged, unpaved runways mostly made of blue ice and compacted snow. PrivatAir's Boeing 737 and Smartwings' Boeing 737 MAXA Smartwings 737 MAX on Antarctica in January 2022. It was the first time the jet type landed on one of the continent's blue ice runways. Another Loftleider 757 is set to ferry Antarctic Ice Marathon runners to Union Glacier this December. Loftleider Icelandic Airlines' and Titan Airways Boeing 767Titan Airways' Boeing 767 on Antarctica.

Persons: —, George Hubert Wilkins, Glenn Jacobson, PrivatAir, NPI, Tim Hewette, Troll, Fang, Patrick Woodhead Organizations: Atlantic Airways, Boeing, Service, Lockheed Vega, Airbus, Australian Antarctic, Australian, Skytraders, Australian Antarctic Program, McMurdo, AAP, Norwegian Polar Institute, Swiss, NPI, Boeing's, Airlines, Titan Airways, Antarctic Logistics, Expeditions, Antarctic Logistics & Expeditions, Antarctic Ice, Russian Antarctic, Titan Airways Boeing, Norse Atlantic Airways, Emirates, White Desert Locations: Antarctica, Skytraders, Christchurch , New Zealand, Hobart, Australia's, Tasmania, Cape Town , South Africa, Czech, Chile, Russian, NPI, Norway, Cape Town, Russia's

☆ Be warned: Flights are getting bumpier
▼ + stars: | 2023-11-22 | by ( Michelle Mastro | ) www.businessinsider.com time to read: +9 min

Air turbulence is becoming more common and more intense. As the jet stream buckles a bit because it's not as strong as it was in the past, now you have all this energy associated with the jet stream up 30,000 feet or so. But changes to the atmosphere mean these corridors are getting bumpier, so avoiding them could result in smoother flights. But while we can get better at avoiding air turbulence, we won't be able to avoid it altogether. That's why some companies are going back to the drawing board to design airplanes that can better adjust to turbulent air.

Persons: I'd, Isabel Smith, Smith, Paul Williams, Williams, Bill Duncan, You've, John K, didn't, Duncan, Pierre Baqué, Alyson Smith, Michelle Mastro Organizations: University of Reading, Lufthansa, Northern, The Weather Company, Denver, Airbus, National Transportation Safety Locations: Denver, Indianapolis, England, Austin , Texas, Frankfurt, Germany, Washington, Rocky, Swiss, Delta

☆ Leasing giant SMBC places order for 60 Airbus A320neo planes
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The logo of Airbus is seen at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsDUBLIN, Nov 21 (Reuters) - SMBC Aviation Capital placed an order for 60 Airbus (AIR.PA) A320neo family aircraft, the world's second largest aircraft leasing firm said on Tuesday, without disclosing the financial details of the deal. Nikkei Asia, which first reported the deal, said it was thought to be worth around $3.4 billion, based on the A320neo's market price. Boeing won new orders for 196 aircraft while Airbus agreed deals for 55 jets amid soaring demand for wide-body planes. "This transaction is further testament of sustained global demand for technologically advanced, fuel-efficient aircraft, and comes amidst the continuing strong recovery in air travel worldwide," SMBC CEO Peter Barrett said in a statement.

Persons: Sarah Meyssonnier, Peter Barrett, Padraic Halpin, Kirsten Donovan Organizations: Airbus, REUTERS, Rights, SMBC Aviation Capital, Nikkei, Boeing, Dubai Airshow, Japan's Sumitomo Corp, Sumitomo Mitsui Financial Group, Thomson Locations: Paris, Villepinte, France, Nikkei Asia

☆ See a plane that landed in the water after it overshot the runway in Hawaii
▼ + stars: | 2023-11-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

A US Navy plane landed in a bay in Hawaii after missing the runway. The P-8A aircraft overshot the runway at a Marine base on Kaneohe Bay, said U.S. Marine Corps spokesperson Gunnery Sgt. This photo provided by Diane Dircks shows a U.S. Navy plane that overshot a Marine base on Kaneohe Bay, Hawaii, Monday, Nov. 20, 2023. This photo provided by Diane Dircks shows a U.S. Navy plane that overshot a Marine base on Kaneohe Bay, Hawaii, Monday, Nov. 20, 2023. In October 2022, a Korean Air plane overshot the runway after attempting to land twice and heavily damaged its exterior.

Persons: —, Shayne Enright, Ryan Fisher, Orlando Perez, Chesley, Sully, Sullenberger, Diane Dircks, Thomas Vaughan Organizations: US Navy, Service, U.S . Navy, Honolulu Emergency Medical Services Department, Coast Guard, U.S . Marine Corps, Airbus, National Weather Service, Boeing, Patrol Squadron, Patrol, AP, Business, Korean Air, Marine Corps Base Hawaii, University of Hawaii Locations: Hawaii, Honolulu, Kaneohe, U.S, York, Kaneohe Bay, Illinois, Whidbey, Washington, Korean, Iranian, Oahu

☆ Quebec expects possible profit with planned sale of A220 jet program stake in 2030
▼ + stars: | 2023-11-20 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

[1/2] An Airbus A220-300 is seen at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. Quebec holds a 25% stake in the jet, which has faced scrutiny as Airbus struggles to contain costs on parts. Airbus has also faced delays in ramping up production toward its latest target of 14 planes per month by 2026. Airbus has said it plans to raise Mirabel production to 10 A220s a month, with four jets a month in Mobile. The planemaker created the Mobile production line for U.S. customers to avoid a trade dispute with Boeing (BA.N) when it took over the plane from Canada's Bombardier in 2018.

Persons: Christinne, Pierre Fitzgibbon, Fitzgibbon, we're, Allison Lampert, Jonathan Oatis Organizations: Airbus, REUTERS, Rights, Reuters, Quebec, Aerospace, Bombardier, Mirabel, Boeing, Mobile, Thomson Locations: Mirabel, Quebec, Canada, Airbus's, Mobile , Alabama, Mobile

HONOLULU (AP) — A U.S. Navy plane overshot a runway and splashed into a bay in Hawaii on Monday, but authorities said all nine people aboard made it safely to shore with no injuries. The P-8A aircraft overshot the runway at a Marine base on Kaneohe Bay, said U.S. Marine Corps spokesperson Gunnery Sgt. Patrol squadrons were once based at Kaneohe Bay, but now they deploy to Hawaii on a rotational basis. Marine Corps Base Hawaii is about 10 miles (16 kilometers) from Honolulu on Oahu. The base sits on Kaneohe Bay, which is also home to coral reefs, a breeding ground for hammerhead sharks and a University of Hawaii marine biology research institute.

Persons: Petty, Ryan Fisher, ”, Orlando Perez, Chesley “ Sully ” Sullenberger, Diane Dircks, Malcolm K, Medrano, Thomas Vaughan, It's, Jennifer Sinco Kelleher, Dupuy Organizations: —, U.S . Navy, Coast Guard, U.S . Marine Corps, Hudson, Airbus, Honolulu Fire Department, National Weather Service, Boeing, Patrol Squadron, Patrol, Marine Corps Base Hawaii, University of Hawaii, Associated Locations: HONOLULU, U.S, Hawaii, Kaneohe, York, Illinois, “, Honolulu, Whidbey, Washington, Oahu, New York City

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