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☆ We're changing our Honeywell price target after a mixed quarter and conservative guidance
▼ + stars: | 2023-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

HON YTD mountain Honeywell YTD Unfortunately, Honeywell hit a 52-week low in Thursday's terrible market. Moreover, guidance for the remainder of the year was mixed: Sales are expected to be better than we thought. Honeywell repurchased 5.3 million shares during the quarter, more than double the amount purchased in the second quarter. Additionally, for both the full year and the current quarter, earnings performance is being suppressed by pension liabilities. Qualitatively, continued volatility is expected but management believes they can deliver further growth, margin expansion, and cash growth "in line or above EPS growth."

Persons: We're, it's, we'll, Vimal, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, LSEG, Management, Commercial Aviation, Defense, Aero, mangement's, Aerospace Technologies, Industrial Automation, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

☆ Incident involving US warship intercepting missiles near Yemen lasted 9 hours
▼ + stars: | 2023-10-20 | by ( Oren Liebermann | ) edition.cnn.com time to read: +3 min

CNN —A US warship that intercepted drones and missiles near the coast of Yemen on Thursday encountered a larger and more sustained barrage than was previously known, shooting down 4 cruise missiles and 15 drones over a period of 9 hours, according to a US official familiar with the situation. Their trajectory left little doubt that the projectiles were headed for Israel, the official said, a clearer assessment than the Pentagon’s initial take. The drones and missiles were intercepted with SM-2 surface-to-air missiles launched from the USS Carney. US interceptions of Houthi launches are exceedingly rare, making the timing of this incident, as tensions rise in Israel, more significant. In response, the US fired sea-launched cruise missiles at Houthi radar facilities in Yemen.

Persons: Carney, Burke, Brig, Pat Ryder, ”, Ryder, USS Mason, I’m Organizations: CNN, Arleigh, Pentagon, SM, USS, Navy, US Central Command, Support, US Locations: Yemen, Suez, Israel, Gaza, East, Syria, Iraq, Iranian, Tanf, Baghdad

☆ A climate researcher risks losing university post for refusing to fly home
▼ + stars: | 2023-10-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Climate researcher Dr. Gianluca Grimalda says that he risks losing his post at the Kiel Institute for the World Economy in Germany for refusing to use a plane as a means of transport back from Papua New Guinea. However, he said the institute gave him three days notice to return by October 2 which would have forced him to fly, according to a statement issued by climate group Scientist Rebellion. The Kiel Institute told CNN that it “doesn’t comment on internal personnel matters in public. As an alternative, climate activists such as Greta Thunberg have modeled greener ways to travel such as by ship or train. “I am prepared to face all the legal and economic consequences of this decision,” Grimalda said in a statement.

Persons: Gianluca Grimalda, Grimalda, ”, Greta Thunberg, ” Grimalda, it’s Organizations: CNN, Kiel Institute, Institute Locations: Germany, Papua New Guinea, Kiel, Bougainville, “, Singapore

☆ Inside Japan Airlines’ new A350-1000 aircraft
▼ + stars: | 2023-10-03 | by ( Karla Cripps | ) edition.cnn.com time to read: +7 min

Japan Airlines (JAL) has done just that, this week unveiling the interiors of its high-tech new Airbus A350-1000 aircraft, “which will become the airline’s new flagship for international service after nearly 20 years,” the carrier says in a statement. Business-class cabinsAn aerial view of the new business-class seats. Japan AirlinesThe JAL 777-300ER jets currently serving JAL’s long-haul flights have 49 business-class seats. Premium and economy cabinsThe new JAL premium economy seats have privacy partitions and electronic leg rests. Japan AirlinesA common question among travelers: is it worth paying the extra for premium economy?

Persons: ”, here’s, Safran, CNN Travel’s Francesca Street, what’s, There’s, “ Organizations: CNN, Japan Airlines, JAL, Airbus, ”, they’ve, Japan, Boeing Locations: Tokyo, Haneda, New York, JFK, Hamburg, Germany, Japan Airlines

☆ Ukraine war: Kyiv's burgeoning weapons industry is enabling it to project power far beyond the front lines
▼ + stars: | 2023-09-02 | by ( Tim Lister | ) edition.cnn.com time to read: +10 min

CNN —In the early hours of August 29th, swarms of Ukrainian drones flew across seven Russian regions. One Russian blogger complained that the Pskov strike indicated that Russian air defenses had not adapted to defend against repeated Ukrainian drone strikes. The damage being done is not going to break the back of the Russian air force, but it has become a serious irritant. Open-source reporting suggests there are at least several Pantsir-2 air defense batteries around Moscow. Such weapons put Russian forces on notice that they are vulnerable far from the front lines.

Persons: Volodymr Zelensky, Russia –, Volodymyr Zelensky, Oleksiy Reznikov, Mykhailo Podolyak, Vitalii, Danilov, ” Zelensky, Podolyak, Kyrylo Budanov, gamesmanship –, Mick Ryan, Budanov, Yuriy Inhat, Putin, ” Organizations: CNN, Defense, “, Getty Senior, National Security and Defense, Ukraine’s, of Strategic Industries, Strategic Communication, Ukrainian Defense Intelligence, SIG, The, Ukrainian Air Force Locations: Pskov, Ukrainian, Ukraine, Russian, Crimea, Russia, Moscow, “ Ukraine, Kyiv, Kerch, Novosibirsk, Australian, Crimean, Kherson, Luhansk, Zaporizhzhia, Berdiansk, Donetsk

☆ US FAA considering stricter rules for high-volume charter flight operators
▼ + stars: | 2023-08-24 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Marco Bello/File Photo Acquire Licensing RightsWASHINGTON, Aug 24 (Reuters) - The Federal Aviation Administration (FAA) said on Thursday it is considering subjecting high-volume charter flight operators to stricter regulations imposed on passenger airlines. Airline unions have opposed the expansion of charter operations. Association of Flight Attendants-CWA President Sara Nelson praised the FAA action, calling the charter regulations a "loophole that undermines safety and security rules for commercial aviation." SkyWest (SKYW.O) has sought approval to conduct passenger operations through a separate charter operation and faces strong opposition from unions. Aviation unions and American Airlines (AAL.O) have criticized growing charter operations by air carrier JSX.

Persons: Marco Bello, Sara Nelson, JSX, David Shepardson, Matthew Lewis Organizations: Miami International Airport, Federal Aviation Administration, FAA, REUTERS, Rights, Airline, Association of Flight, Transportation Security Administration, Transportation Department, SkyWest, Aviation, American Airlines, United Airlines, JetBlue Airways, Thomson Locations: Florida, Miami , Florida, U.S, Dallas, Washington

☆ JetZero: Is this new plane design the future of aviation?
▼ + stars: | 2023-08-21 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

“That is a staggering leap forward in comparison to what the industry is used to.”A rendering of JetZero's blended wing design. American aircraft designer and industrialist Jack Northrop created a jet-powered flying wing design in 1947, which inspired the B-2 in the 1990s. NASAIn 2020, Airbus built a small blended wing demonstrator, about six feet in length, signaling interest in pursuing a full-size aircraft in the future. Similarly, JetZero wants to simultaneously develop three variants: a passenger plane, a cargo plane and a fuel tanker. “Extensive aerodynamic testing and optimization are essential to fully realize the drag reduction potential of this innovative aircraft design.

Persons: Douglas, ”, Tom O’Leary, Jack Northrop, O’Leary, “, “ It’s, ” JetZero, JetZero, Bailey Miles, Miles, Richard Aboulafia, “ There’s Organizations: CNN, Boeing, Airbus, Douglas DC, NASA, JetZero, KC, US Air Force, Air Force Locations: California, Germany, American

☆ Sneak peek at NASA aircraft that could transform air travel by the 2030s
▼ + stars: | 2023-07-26 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

The US aerospace behemoths want to build, test and fly an emission-reducing, single-aisle aircraft before the decade is out. We’re trying to validate technology.”The first test flight of this full-scale demonstrator is set to take place in 2028. NASA hopes that one day the technology should serve about half of the commercial market through short- to medium-haul single-aisle aircraft. Airlines largely rely on single-aisle aircraft, which account for nearly half of aviation emissions worldwide, according to NASA. Boeing estimates that the demand for the new single-aisle aircraft will increase by 40,000 planes between 2035 and 2050.

Persons: CNN —, they’ll, “, Bill Nelson, It’s, Bob Pearce, Nelson, CNN’s Ashley Strickland Organizations: CNN, NASA, Boeing, EAA, Aeronautics Research Mission, GE Aerospace, Saab, AeroTEC Locations: Oshkosh, “, United States

☆ Virgin Galactic launches first paying customers to the edge of space
▼ + stars: | 2023-06-29 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

CNN —Virgin Galactic, the venture founded by British billionaire Richard Branson, successfully launched its first paying customers to the edge of space — a milestone two decades in the making. (Future Virgin Galactic flights, however, are expected to include a range of high-profile customers.) Bennett’s role was to assess the comfort and function of the flight, using that information to inform future changes Virgin Galactic might make to its rocket-powered space plane, VSS Unity. Organizations such as NASA have routinely flown experiments on suborbital rockets, including Virgin Galactic and Blue Origin missions. In a tragic 2014 accident, Virgin Galactic’s space plane broke apart during flight, killing the mission’s copilot, Michael Alsbury.

Persons: Richard Branson, Virgin Galactic’s, Jeff Bezos’s, Walter Villadei, Angelo Landolfi, Colin Bennett, Pantaleone, Branson, Burt Rutan, Paul Allen, Hamish Harding, Michael Alsbury, — Organizations: CNN, Virgin Galactic, Italian Air Force, Virgin, SpaceX, Italy’s National Research Council, Branson, VSS, VSS Unity, NASA, International, National Research Council, Microsoft, Galactic, OceanGate, Scaled Composites, Origin, Congress, Federal Aviation Administration, FAA Locations: British, New Mexico, United States

REUTERS/Amit Dave/File PhotoPARIS/DELHI, June 28 (Reuters) - Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace. "We deserve a piece of that pie," added Sardessai, whose company makes engine and plane interior parts. While he could not estimate how much small suppliers will benefit, any subsidy or incentive could be helpful. AEROSPACE INCENTIVESSome suppliers like Sardessai and Aravind Melligeri, CEO of aerospace-parts producer Aequs, said India should create a production-linked incentive scheme for aerospace as it has done with other sectors.

Persons: Vallabhbhai, Amit Dave, Shekhar Sardessai, Safran, Alaric Diniz, Aravind Melligeri, Aequs, Narendra Modi's, Japan's Suzuki, Sachin Agarwal, Agarwal, Sardessai, Ankit Patel, Patel, Allison Lampert, Aditi Shah, Ben Klayman, Matthew Lewis Organizations: An Air, An Air India Airbus, International Airport, REUTERS, Air, IndiGo, Reuters, Kineco Group, Deloitte, Indian, Apple, Japan's, Hyundai, PTC Industries, PTC, Electric, Airbus, Boeing, Thomson Locations: An Air India, Ahmedabad, India, PARIS, DELHI, Indian, China, Air India, Paris, Goa, KS, Uttar Pradesh, Russian, Bengaluru, Europe, Delhi

☆ India’s stock market is hitting record highs. Here’s why
▼ + stars: | 2023-06-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —India’s stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy. The country’s stocks are so hot that India is now home to the world’s fourth most valuable equity market, behind only the United States, China and Japan. The total value of Indian equities has hit $3.5 trillion, greater than the value of Europe’s two biggest stock markets, in the UK and France, according to data from Refinitiv. Bright prospectsThe surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers. “The Indian equity market is the classic example of ‘expensive for a reason’,” he said.

Persons: ” Sher Mehta, ” Mehta, Sohini Kar, India Ashish Vaishnav, Pieter Elbers, Narendra Modi, Joe Biden, Apple, Lorenzo La, ”, Posta, La Posta, Gautam Adani Organizations: London CNN, United Kingdom’s FTSE, CAC, Virtuoso Economics, CNN, Monetary Fund, India, London School of Economics, Airbus, ”, Apple, Momentum Global Investment Management Locations: India, United States, China, Japan, Russia, Europe, France, Refinitiv, Mumbai, Washington, Germany

PARIS, June 20 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets. "We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days." "The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.

Persons: Le Bourget, Canada's, Binter, Rodolfo Nunez, Martyn Holmes, Porter, Holmes, Gabriel Araujo, Steven Grattan, Jan Harvey, Alexandra Hudson Organizations: Embraer, EMBR3, American Airlines, Spanish, Jets, Paris Airshow, Airbus, Boeing, Canada's Porter Airlines, JPMorgan, Air, Envoy Air, Leasing, Avolon, Sao Paulo, Alexandra Hudson Our, Thomson Locations: Sao Paulo, Paris, Sao

☆ Airbus and India's Indigo airline clinch biggest plane deal in history
▼ + stars: | 2023-06-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Airbus has just landed the biggest-ever aircraft order in the history of commercial aviation. The French aerospace giant announced Monday that budget Indian airline IndiGo had placed an order for 500 of its A320 planes, to be delivered between 2030 and 2035. The deal sets “the record for the biggest single purchase agreement in the history of commercial aviation,” Airbus (EADSY) said in a statement, and brings the total number of Airbus (EADSY) planes IndiGo has ordered to 1,330. Founded in 2006, IndiGo is India’s top airline by market share, according to its website. In February, IndiGo’s rival Air India ordered more than 470 jets from Airbus and Boeing (BA).

Persons: Pieter Elbers, Elbers, ” Organizations: London CNN, Airbus, IndiGo, Aviation, Air India, Boeing, Tech, Monetary Fund, United Nations Locations: India, China

☆ The world’s most eco-conscious airlines
▼ + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com time to read: +12 min

CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.

Persons: ”, Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, “, Zheng, –, that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada

☆ Avolon says $4 trln needed to transform global jet fleet
▼ + stars: | 2023-06-13 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakePARIS, June 13 (Reuters) - Global aviation needs $4 trillion of capital over the next 20 years to fund new commercial deliveries and transform the world's fleet, leasing firm Avolon said on Tuesday. The world's commercial passenger aircraft fleet is set to nearly double to 46,880 aircraft by 2042, the Dublin-based firm predicted. Environmental critics say such rapid growth of commercial aviation is at odds with its environmental objectives. Avolon has said the main focus should be on increasing the supply of Sustainable Aviation Fuels. Europe's Airbus will maintain leadership of the narrow-body market with its current 53% share of the fleet rising to 58% by 2042, Avolon predicted.

Persons: Mike Blake PARIS, Avolon, Tim Hepher, Conor Humphries Organizations: Delta Airlines, REUTERS, Global, . Airlines, Sustainable Aviation Fuels, Airbus, Boeing, Embraer, Thomson Locations: San Diego , California, U.S, Dublin, China

Around 2,500 people were told to evacuate the community of Tumbler Ridge in northeastern British Columbia on Thursday. A video distributed by the British Columbia fire service showed deserted streets in Tumbler Ridge, while nearby forests were ablaze. Smoke rises from a wildfire in Tumbler Ridge, British Columbia, Canada, in this screen grab taken from a video, June 8, 2023. Temperatures in parts of British Columbia soared to more than 30 Celsius (86 Fahrenheit) this week, nearly 10 C above the seasonal average. Additional reporting by Ismail Shakil in Ottawa, Nia Williams in British Columbia and Allison Lampert in Montreal; Editing by Stephen Coates, Jane Merriman, Chris Reese and Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Darcy Dober, Maite Blanchette Vezina, Gerald Cheng, Hicham Ayoun, Ismail Shakil, Nia Williams, Allison Lampert, Stephen Coates, Jane Merriman, Chris Reese, Frances Kerry Organizations: OTTAWA, British Columbia, Canadian Interagency Forest Fire, Canadian Broadcasting Corp, BC Wildlife Service, REUTERS, Environment, Transport Canada, Thomson Locations: Canadian, British, Quebec, North, Canada, Tumbler, British Columbia, Dawson Creek, Ridge, Ontario, Environment Canada, Alberta, Ottawa, Toronto , New York, Washington, New York, Montreal

☆ Secrets of a superyacht and private jet chef
▼ + stars: | 2023-06-01 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

She loves cooking, traveling and adventure, so she’s working her dream job. So captains or crew would recommend me, clients would recommend me to their friends.” Grace Dvornik, private chef“I was hired as a chef right away on a 64-foot sailing yacht,” says Dvornik. “In my personal experience, I haven’t had many celebrities.”As well as accommodating a range of clients, Dvornik has also acclimatized to a revolving door of colleagues-slash-roommates. While yacht crew are usually confined below deck, Dvornik says there are opportunities to enjoy the perks of living on a superyacht. But working in private aviation, Dvornik gets to spend a bit more time exploring.

Persons: Grace Dvornik, Dvornik didn’t, Dvornik, Dvornik’s, “, ”, “ It’s, Dvornik “, she’d, ” Grace Dvornik, ” Dvornik, She’s, she’s, “ I’ve, she’ll, there’s, ’, haven’t, I’m, deckhands, –, It’s, ” Dvornik’s, they’ve, ” “ I’ve, Grace Dvornik Dvornik, it’s, ” She’ll, ” She’s, “ I’m Organizations: CNN, Ashburton Chefs Academy, George Brown College Chef School, J, Bravo, ” Yacht Locations: Caribbean, Bahamas, superyachts, Clearwater , Florida, Toronto, Canada, Wyoming, “, ”, Italy

☆ Boeing CEO 'not overly anxious' about Chinese narrowbody jet
▼ + stars: | 2023-06-01 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

“For us to get overly anxious about that, I think it's a silly prospect.”Boeing should focus on existing competition and position itself to "win that technology race," Calhoun said. Chinese airlines began returning the 737 MAX to service earlier this year. Although all Chinese users have restarted 737 flights, deliveries of the jet have been stalled amid friction between the United States and China. Spirit has been the source of several problems that have stalled Boeing deliveries in recent years, including an ongoing 737 MAX bracket installation flaw that slowed deliveries since it was discovered in April. “We are disappointed with every next issue that occurs that limits our rates and slows us down,” Calhoun said.

Persons: Dave Calhoun, Calhoun, ” Calhoun, “, Valerie Insinna, Ben Klayman, Matthew Lewis Organizations: Boeing Co, U.S, planemaker, Airbus, China Eastern Airlines, SS, Commercial Aviation Corp of China, Boeing, Paris Air, Thomson Locations: CHARLESTON, South Carolina, China, Shanghai, Beijing, United States, Charleston , South Carolina, U.S

☆ China's first homegrown large passenger jet took its maiden flight after 16 years in the making — check it out
▼ + stars: | 2023-05-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

China's first domestically-made large passenger jet completed its maiden commercial flight Sunday. China's first domestically-made large passenger jet has completed its maiden commercial flight. VCG/VCG via Getty ImagesNearly 130 passengers were on board for the maiden flight, which took around two hours, Comac said. Crowds gather to watch the C919 land at Beijing Capital International Airport during its maiden commercial flight. Passengers sit on board the C919's maiden commercial flight.

The European Business Aviation Convention & Exhibition (EBACE), hosted in Geneva, kicks off on Tuesday and brings together everyone from brokers, planemakers to engine producers. CO2 emissions from private jets in Europe grew by 31% between 2005 and 2019, according to environmental group Transport and Environment. Protesters are expected to gather on Tuesday outside the conference location in Geneva to highlight the rising number of private jet flights amidst a worsening global climate crisis. "The big innovations are usually deployed first in our industry," Kok said. Business jet flights have dropped in Europe by around 6% compared with the same time in 2022, WINGX data showed.

☆ I was the first woman to be hired as a pilot by a major US airline in 1973. When I first started, they called me 'the little girl' and a uniform for women didn't even exist.
▼ + stars: | 2023-04-28 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +9 min

When American Airlines hired her in 1973, Bonnie Tiburzi was the only woman among 214 new hires. This as-told-to essay is based on a conversation with Bonnie Tiburzi, the first woman to fly with American Airlines as a pilot in 1973. A Boeing 727 jet in American Airlines livery similar to the one Tiburzi would have operated. Look like a female pilotWhen Tiburzi first started working for American Airlines, there was no uniform for female pilots. After 26 years with American Airlines, I retired in 1999.

Caterpillar shares turn around CAT YTD mountain Caterpillar YTD Dow component Caterpillar delivered a blowout first quarter. Caterpillar revenue in Q1 increased 16.7% year over year to $15.86 billion, exceeding estimates of $15.26 billion, according to Refinitiv. Better-than-expected operating margin of 17% was so strong, due mostly to manufacturing costs that were not as high as expected as well as higher prices. Bottom Line on CAT This was a very strong quarter from Caterpillar as business continues to benefit from pricing power that outweighs costs. Even with oil down in the quarter, Caterpillar continues to see a lot of activity and strength in new engine sales to customers.

☆ No flight cancellations expected during largest NATO air drill in history
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +1 min

Air Defender 23 will be one of the largest air drills in NATO history, with 25 countries taking part in the joint exercise in German, Dutch and Czech airspace. It will use air corridors that have often been used for training purposes, according to the German air force. Air traffic control strikes in France and elsewhere have exacerbated that limited airspace, increasing fears of costly cancellations and delays across the continent. Germany's aviation sector in particular was concerned about the exercise's detrimental impact on commercial aviation. "Coordinated action will allow this major military event to take place while, at the same time, accommodating civil air traffic with the lowest possible impact in terms of air traffic delays and re-routing actions," Eurocontrol added.

[1/2] An Airbus A320neo aircraft is pictured during a news conference tin Colomiers near Toulouse, France, October 17, 2017. Airbus' defense portfolio includes the A400M and the C295, which are respectively larger and smaller than Embraer's KC-390. De La Vela said he sees potential collaborations emerging in areas such as unmanned aircraft and space technologies, including for new products, adding that he would like to hear from Embraer before elaborating. De La Vela said Airbus expects the Brazilian MRTTs to open the Latin American market for the aircraft, noting talks with four other undisclosed countries in the region were underway. Reporting by Gabriel Araujo and Rodrigo Viga Gaier; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

The Biden administration is seeking additional funding for the Federal Aviation Administration, funds that aim to boost hiring of air traffic controllers and facilitate other improvements to manage increasingly congested airspace. The White House on Thursday proposed $16.5 billion for the agency, up from the $15.2 billion the FAA received in fiscal 2023. Airlines and the Transportation Department have sparred over causes of flight disruptions, with some company executives blaming a shortfall of air traffic controllers. Last year, the FAA managed airspace for a record 92 space missions – a total that includes rocket launches and spacecraft reentries, which it expects to top in 2023. Many of those missions launched from Florida, a state which has seen more and more commercial air traffic as well.

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