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DUBAI, United Arab Emirates (AP) — The biennial Dubai Air Show opened Monday as airlines are poised to make major aircraft purchases after rebounding from the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. That conflict, as well as Russia's war on Ukraine, likely will influence the five-day show at Al Maktoum Airport at Dubai World Central. It is the city-state's second airfield after Dubai International Airport, which is the world's busiest for international travel and home base for the long-haul carrier Emirates. Air traffic is now at 97% of pre-COVID levels, according to the International Air Transport Association. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday.
Persons: — Rafael, , Rafael, Tim Clark, “ We've, ” Clark, Organizations: United Arab Emirates, Dubai Air, Al, Dubai World, Dubai International Airport, Emirates, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Russian Helicopters, U.S, ROSCOSMOS, Global, Airbus, International Air Transport Association ., . Emirates, Bloomberg, Boeing, Riyadh Air, Turkish Airlines, Anadolu Locations: DUBAI, United Arab, Ukraine, Dubai, UAE, Israel, Abu Dhabi, Russian, Al, Riyadh, Saudi
DUBAI, United Arab Emirates — Emirates Airline on Monday announced an order for 95 Boeing aircraft at a value of $52 billion, kicking off the first major deal of the 2023 Dubai Airshow. It is also updating its order of Boeing 787 Dreamliners from 30 to 35, comprised of 15 787-10s and 20 787-8s. The announcement brings Emirates' total GE9X engine order to 460. Emirates already operates the largest number of Boeing 777 aircraft of any airline in the world. The continued appetite for widebody jets highlights the importance of the Middle East market to the aircraft model's demand.
Organizations: United Arab Emirates — Emirates, Boeing, Dubai, Emirates Group, Emirates, General Electric, Airbus Locations: DUBAI, United Arab, Dubai, East
A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020. Boeing and Emirates are reportedly close to a major order of 777 jets, which would further bolster the airline's existing position flying world's largest fleet of the widebody aircraft type. The deal is expected to feature "several dozen" of the jets, according to Bloomberg and Reuters, citing sources familiar with the negotiation. That would add to Emirates' existing order backlog for 155 of the 777X aircraft, the reports noted. Boeing and Emirates did not immediately respond to CNBC's request for comment on the reports.
Organizations: Boeing 777X, Boeing, Emirates, Bloomberg, Reuters, 777X, Airbus Locations: Everett , Washington, Emirates
Visitors stand in front of the plane Boeing 777X during the Dubai Airshow, in Dubai, United Arab Emirates, November 14, 2021. Emirates is the world's largest user of wide-body jets, including Airbus A380 superjumbos and current-generation Boeing 777s. Turkish Airlines (THY) (THYAO.IS) burst onto the show's agenda on Saturday with word from state-run Anadolu news agency that it was in talks to buy up to 355 Airbus jets. Following more talks, industry sources said the airline could announce at least part of the deal on Monday. However, speculation of a large Dubai order for narrowbody jets from the region's newest player, Saudi Arabia's Riyadh Air, as early as Dubai is premature, other sources said.
Persons: Rula, flyDubai, jockeying, ForwardKeys, there's, Daniel Silke, Tim Hepher, Alexander Cornwell, Pesha, Hugh Lawson, Lisa Shumaker Organizations: Boeing, Dubai Airshow, United Arab Emirates, REUTERS, Rights, Turkish Airlines, Hosts Emirates, Emirates, Airbus, Industry, Anadolu, Aviation, Dubai, Cape, Consultancy, rearm, Russia, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine
Turkish Airlines talks to Airbus about ordering 355 new jets
  + stars: | 2023-11-11 | by ( ) www.reuters.com   time to read: +1 min
The logo of Airbus is pictured outside the Airbus facility in Saint-Nazaire, France, November 7, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkish Airlines (THY) (THYAO.IS) on Saturday held talks with Airbus (AIR.PA) to discuss a potential order of 355 new aircraft, the state-run Anadolu news agency said. If the parties agree, the order will be the largest in the airline's history. In May, Turkish Airlines chairman Ahmet Bolat said the company was planning to order a total of 600 new aircraft in June and they would be delivered within 10 years. Turkish Airlines officials also held talks with Rolls Royce (RR.L) for engine maintenance services and spare engines for the wide-body A350 aircraft, Anadolu said.
Persons: Stephane Mahe, Ahmet Bolat, Rolls, Huseyin Hayatsever, Kevin Liffey Organizations: Airbus, REUTERS, Rights, Turkish Airlines, Saturday, Anadolu, Turkish, Rolls Royce, Thomson Locations: Saint, Nazaire, France, Rights ANKARA, Istanbul, Anadolu
Insider Today: Financial freedom's reality
  + stars: | 2023-11-11 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +7 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, I'm exploring something equally mysterious to me: How people who have achieved financial freedom got there, and what their lifestyles are like. The big storyThe work behind financial freedomTyler Le/InsiderPassive income. The concept of financial freedom sounds like a dream come true. The Insider Today Saturday team: Diamond Naga Siu, senior reporter, in San Diego.
Persons: , Tyler Le, Dion McNeeley, Brian Luebben, they've, Arantza Pena Popo, Heather Johnson, Brandon Timothy, Heather, Brandon, he's, Austria Cassandra De Pecol, who's, Zers, Gen Zers, I'm, Nolan Church, Nicole J, Van, Bean, Dunkin, Krispy, Eduardo Munoz, Samantha Lee, Chelsea Davis Spatchcocking, Naga Siu, Dan DeFrancesco, Hallam Bullock, Lisa Ryan Organizations: Service, YouTube, Airbus, Orlando International, Google, Doordash, Riverton, REUTERS Locations: Austria, Pakistan, Tunisia, Riverton , Wyoming, Texas, Van Groningen, San Diego, New York City, London
A plane flying from London to Orlando, Fla., last month was forced to turn around because some windowpanes were missing or damaged, startling passengers who had reported hearing roaring sounds inside the cabin, the authorities said. The plane, an Airbus A321, had four damaged windowpanes, including two that were completely missing, as it took off from London Stansted Airport on Oct. 4, according to a report published last week by the British Air Accidents Investigation Branch. There were no injuries aboard the flight, which had 11 crew members and nine passengers who sat in the middle of the aircraft and who were all employees of a “tour company or the aircraft’s operating company,” the authorities said.
Organizations: Airbus, London Stansted Airport, Air, Investigation Locations: London, Orlando, Fla
A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 8, 2015. "We're getting closer and closer," Watterson said of the certification work. However, delays in certification have forced Southwest to convert dozens of orders for 150-seater MAX 7 aircraft into the larger 175-seater MAX 8 variant. Both the MAX 7 and the largest model MAX 10 are waiting for the FAA's certification, with MAX 10 slated for its first delivery in 2024. "The fact that the number of open items is converging, not diverging like it was probably a year ago, shows that they're getting closer and closer," Watterson said.
Persons: Matt Mills McKnight, Andrew Watterson, Watterson, We're, Dave Calhoun, they're, Rajesh Kumar Singh, David Shepardson, Valerie Insinna, Diane Craft Organizations: Boeing, REUTERS, Rights, Southwest Airlines, U.S . Federal Aviation Administration, Reuters, FAA, Federal Aviation Administration, Airbus, Thomson Locations: Renton , Washington, Dallas, Southwest, Washington
CNN —An Airbus A321 aircraft took off from London Stansted Airport last month with four damaged window panes, including two that were missing, according to UK air accident investigators. The plane landed back at Stansted Airport safely shortly afterward. “Having inspected the window, it was agreed the aircraft should return to Stansted,” the report continues. The flight crew initiated a descent and the aircraft arrived back at Stansted Airport a short while later. After passengers had disembarked and the plane was parked and shut down, the crew inspected the plane from the outside, and found that two cabin window panes were missing and a third was dislodged.
Persons: , , David Goddard Organizations: CNN, Airbus, London Stansted Airport, Orlando International Airport, Investigation, Stansted Airport, Stansted, ” “ Aircraft Locations: London, Florida, Stansted
Airbus declined to elaborate on the charge, which came as the planemaker formally announced a restructuring in its Defence & Space division that has been in preparation for several months. Airbus CEO Guillaume Faury stuck to his guns, however. Airbus is producing A320-family jets in the low-50s per month instead of a planned level closer to 58, they said. On the loss-making A220, Airbus reiterated plans to raise output to 14 a month. "We are working very closely with them in the spirit of supporting them, but we also expect from Spirit to well support Airbus.
Persons: Steven Udvar, Guillaume Faury, Faury, Pratt, Safran, Whitney, Chris Calio, Spirit, Patrick Shanahan, Tim Hepher, Valerie Insinna, Allison Lampert, Matt Scuffham, Sharon Singleton, Matthew Lewis Organizations: Airbus, Defence, Space, Air Lease AL.N, Pratt & Whitney, CFM, GE Aerospace, GE, Boeing, Thomson Locations: Dubai, Paris, Washington, Montreal
Wizz Air's aircraft is parked on the tarmac at Ferenc Liszt International Airport in Budapest, Hungary, August 18, 2022. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsNov 9 (Reuters) - European budget carrier Wizz Air (WIZZ.L) on Thursday narrowed its annual profit forecast below analyst expectations, citing continuing macroeconomic uncertainty and difficult operating conditions. Wizz Air was also one of the main airlines hit by issues with RTX (RTX.N) engines this year and had said it would face a capacity reduction as a result. That knocked its net income guidance for the financial year to between 350 million euros and 400 million euros ($374.7 million to $428.2 million), down from 350 million to 450 million euros. The budget carrier posted operating profit of 522.9 million euros ($559.8 million) for the six months to Sept. 30, compared with a loss of 63.8 million euros a year earlier.
Persons: Wizz, Bernadett Szabo, Jozsef Varadi, Varadi, RTX, Joanna Plucinska, Yadarisa, Savio D'Souza, David Goodman Organizations: Ferenc Liszt International, REUTERS, Wizz, Aerospace, Thomson Locations: Budapest, Hungary, London, Bengaluru
CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.
Persons: CNN —, it’s, , Denis Manturov, Vladimir Putin, Murdo Morrison, , Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, , Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, , Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow
Spirit plans to raise $200 million via the sale of Class A common stock as well as issue $200 million in convertible debt set to mature in 2028, the company said after the closing bell on Tuesday. Its shares fell to as low as $20.98 on Wednesday following the news and are now down more than 25% year-to-date. Spirit is a major supplier of large aircraft parts such as wings and fuselages for manufacturers including Boeing (BA.N) and Airbus (AIR.PA). Last week, Spirit projected higher-than-expected cash burn for 2023, forcing it to slash anticipated deliveries of 737 fuselages. Free cash burn will be between $275 million and $325 million for 2023, up from a previous range of between $200 million to $250 million.
Persons: Benoit Tessier, Spirit, Patrick Shanahan, Tom Gentile, Shanahan, Chibuike Oguh, Lance Tupper, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Thomson Locations: Le Bourget, Paris, France, U.S, New York
Airbus noted that supply-chain issues are making it harder to procure some spare parts, raw materials. Photo: stephane mahe/ReutersAirbus posted higher revenue and earnings for the third quarter and backed its guidance for the year, sticking to plans to deliver 720 commercial planes and ramping up production of its A350 wide-body aircraft despite lingering supply-chain snags. The European plane maker had delivered 559 aircraft to customers by the end of October, meaning it will need to send out 161 planes in November and December to hit its annual target. Airbus had originally hoped to achieve 720 deliveries last year but was forced to shelve that goal due to supply-chain woes.
Persons: stephane mahe Organizations: Airbus, Reuters Airbus
Airbus raises A350 output goal as core Q3 profits rise
  + stars: | 2023-11-08 | by ( Tim Hepher | ) www.reuters.com   time to read: +2 min
[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The world's largest planemaker said it was aiming to return to pre-COVID levels of 10 A350 jets a month in 2026, up from a previous goal of nine a month by end-2025. Adjusted operating earnings came in at 1.013 billion euros ($1.08 billion) in the quarter, up 21%, as revenues rose 12% to 14,897 billion. Analysts expected earnings of 1.142 billion euros on revenues of 15.098 billion, according to a company-compiled consensus. Production on the company's main profit-generating programme the Airbus A320 family, is "progressing well" towards a previously announced target of 75 a month in 2026, Airbus said.
Persons: Peter Cziborra, Tim Hepher, Matt Scuffham, Sharon Singleton Organizations: Airbus, Farnborough, REUTERS, Rights, Industry, Thomson Locations: Farnborough, Britain
The plane climbed more than 10,000 feet before anyone realized there was a problem. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementA commercial plane took off with two missing window assemblies and reached more than 10,000 feet before anyone realized something was wrong, according to the Air Accidents Investigation Branch. AdvertisementAdvertisementThe plane continued to climb to an altitude of 10,000 feet and the seatbelt signs were switched off, according to the bulletin. It was agreed that the aircraft should return to Stansted, and the plane landed 36 minutes after taking off, the bulletin said.
Persons: , AAIB, It's Organizations: Airbus, London Stansted, Service, Air, Investigation, London's Stansted Airport, Orlando International, Stansted, The Independent Locations: London, London's, FL100
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're ranking how different generations are doing in the current economy. After watching their parents and predecessors (millennials) struggle with finances, Gen Z is taking matters into their own hands. A May survey found more than half of Gen Z respondents had already started investing.
Persons: , Tom Brady, Brooks Kraft, who's, It's, They've, Gen Zers, Gen Z, Gen, they've, Zers, HENRY, There's, aren't, Jamie Dimon, Dimon, Banks, Goldman Sachs, Joel Saget, Loren Elliott, Andreessen Horowitz, Elon, Barack Obama's, Allen Berezovsky, Getty, Roberto Machado Noa, Rowan Jordan, Tyler Le, Bob Iger's, it's, that's, Scooter Braun's, Camila Sterling, David Bolno, Sterling, Vivek Ramaswamy, Nikki Haley, Chris Christie, Will Smith, LL, Queen Latifah, Remy Ma, Chris Sattlberger, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brooks Kraft LLC, Alpha, Beta, Getty, JPMorgan, Treasury, MDs, AFP, Getty Images Google, Microsoft, Google, US, Disney, Republican, NBC News, CBS, Walt Disney Company, Bayer, Airbus Locations: Ukraine, California, Florida, New York City, San Diego, London, New York
Morning Bid: Waiting for word from the Fed chief
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. Last week's surprisingly soft jobs data heightened expectations that interest rates had peaked, but Fed commentary since then has warned against complacency in the fight against inflation. For now, investors have dialled up wagers on near-term rate cuts, with the Fed funds rate showing better than 50/50 odds for one as early as May. In Asia time, long-term Treasury yields are stuck around 4.58% and the dollar is biding its time around $1.07 per euro. While the Fed outlook dominates investors' attention, there is plenty of central bank speak in store from Europe as well.
Persons: Jerome Powell, Kevin Lamarque, Kevin Buckland, Jay Powell, Christine Lagarde, Philip Lane, Joachim Nagel, Pablo Hernandez de Cos, Andrew Bailey, Fed's Powell, Lagarde, BoE's Bailey, Edmund Klamann Organizations: Federal, Committee, Federal Reserve, REUTERS, Kevin, Kevin Buckland Markets, Reuters Graphics, Bank of Spain, Bank of England, Adidas, Airbus, Bayer, Continental, Credit Agricole, Federal Reserve Division of Research, Statistics, Thomson Locations: Washington , U.S, Asia, Europe, Germany, Brussels, Irish
Shares of Spirit Aero down 16% as company looks to raise cash
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France
British Secretary of State for Defence Grant Shapps walks outside Number 10 Downing Street, in London, Britain, October 24, 2023. REUTERS/Hannah McKay Acquire Licensing RightsLONDON, Nov 7 (Reuters) - The British arm of defence firm MBDA has signed a 4 billion pound ($4.92 billion) deal to supply Poland with ground-based air defence systems, the British government said on Tuesday. Britain's Ministry of Defence said the partnership would boost Poland's Narew air defence programme and help bolster European security amid the conflict in Ukraine. "This is another crucial step forward for our historic defence ties with Poland, supplying next generation air defence capabilities to act as a clear deterrent to our adversaries," British Defence Secretary Grant Shapps said. The air defence system would be able to launch missiles at air threats such as cruise missiles and fighter jets at ranges of more than 40 kilometres, the ministry said.
Persons: Defence Grant Shapps, Hannah McKay, MBDA, Grant Shapps, Mariusz Blaszczak, Italy's Leonardo, Sachin Ravikumar, Alan Charlish, William James Our Organizations: State, Defence, REUTERS, Britain's Ministry of Defence, British, Airbus, Britain's BAE Systems, Thomson Locations: London, Britain, British, Poland, Ukraine, Poland's
An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland
Brazil's Embraer posts 34% profit jump, maintains outlook
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland
Airbus delivered 71 aircraft in October - sources
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
The logo of Airbus is seen at the entrance of a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 6 (Reuters) - Airbus (AIR.PA) delivered 71 aircraft in October, industry sources said on Monday, up 18% from the same month last year. Airbus declined to comment ahead of the publication of delivery numbers on Tuesday and quarterly results on Wednesday. The October tally, which also accelerated from 55 aircraft in September, brings total deliveries so far this year to 559 units compared with a full-year target of 720. It is in line with a forecast of 71 aircraft by analysts at Jefferies, which said the higher pace of deliveries had "further de-risked" the 2023 delivery target after Airbus downgraded and eventually abandoned delivery goals last year amid supply woes.
Persons: Stephane Mahe, Tim Hepher, Louise Heavens Organizations: Airbus, REUTERS, Rights, Jefferies, Thomson Locations: Toulouse, France
A worker of Ariane Group stands in front of a Ariane 6 rocket's Vulcain 2.1 engine, prior to the visit of French President Emmanuel Macron, in Vernon, France January 12, 2021. Christophe Ena/Pool via REUTERS/File Photo Acquire Licensing RightsROME, Nov 6 (Reuters) - Italy, France and Germany on Monday have reached a deal underpinning future launches of the delayed Ariane 6 and Avio's (AVI.MI) smaller Vega-C rockets, Italy's industry minister said. The smaller Vega-C has been grounded since Dec. 22 after a failed launch. Italy has been campaigning for the rocket to be marketed separately from ArianeGroup subsidiary Arianespace, which currently sells and operates all major European launches. The three-way agreement was signed during a European Space Agency (ESA) ministerial meeting in Seville, Spain.
Persons: Emmanuel Macron, Christophe Ena, Safran, Urso, Arianespace, Josef Aschbacher, Giuseppe Fonte, Cristina Carlevaro, Federico Maccioni, Tim Hepher Organizations: Ariane, Rights, Airbus, Space Agency, ESA, Soyuz, Thomson Locations: Vernon, France, Italy, Germany, Europe, Vega, Milan, Avio, Seville, Spain, Ukraine
An Air New Zealand Boeing 787-9 Dreamliner plane taxis at O'Hare International Airport in Chicago, Illinois, U.S. November 30, 2018. The carrier in October had flagged a nominal financial impact in the first half of 2024 related to the engine issue. Air New Zealand warned in September the engine inspections would have a "significant" impact on its flight schedule from next year. Air New Zealand added it will have to ground up to four aircraft at any one time due to the engine maintenance issues. The airline has 17 A320/321neo jets in its fleet of 108 aircraft, servicing Australia and the Pacific Island markets and the domestic market in New Zealand.
Persons: Kamil Krzaczynski, Pratt, Whitney, Greg Foran, Archishma Iyer Organizations: Air New Zealand Boeing, O'Hare International, REUTERS, Air New Zealand, Pratt & Whitney, Pratt, Airbus, New Zealand, Air, Pacific, Air New, NZ, Thomson Locations: Chicago , Illinois, U.S, Auckland, Hobart, Seoul, Zealand, Australia, New Zealand, Bengaluru
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