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☆ Russian manufacturer test-flies prototype widebody passenger airplane
▼ + stars: | 2023-11-08 | by ( Barry Neild | Anna Chernova | ) edition.cnn.com time to read: +4 min

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

☆ 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

☆ Air New Zealand warns of operations impact from Pratt & Whitney engine issue
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

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

The logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau//File Photo Acquire Licensing RightsBENGALURU, Nov 3 (Reuters) - India's biggest airline IndiGo said on Friday it would lease new planes and extend agreements on some older ones to offset the disruption from new problems with Pratt & Whitney engines. IndiGo has retained 14 of its older Airbus A320ceo, extended leases on 36 other aircraft, and is taking 11 additional aircraft on lease starting November. The company is in talks with Pratt & Whitney for compensation over engine issues and expected payments to be staggered, he said. Close to 40 IndiGo planes are currently grounded due to older issues with Pratt & Whitney engines and the airline is yet to ascertain the number of groundings from the new problems.

Persons: Regis Duvignau, Pratt & Whitney, IndiGo, Pieter Elbers, Gaurav Negi, Negi, Aditi Shah, Nandan, Shounak Dasgupta, Mark Potter Organizations: IndiGo Airlines, REUTERS, Rights, India's, IndiGo, Pratt & Whitney, Pratt &, Airbus, Thomson Locations: Colomiers, Toulouse, France, India, New Delhi, Bengaluru

CNN —An off-duty pilot who was riding in the cockpit of an Alaska Airlines flight en route to San Francisco on Sunday is facing dozens of attempted murder charges after he tried to shut down the plane’s engines mid-flight, authorities say. “The fire suppression system consists of a T-handle for each engine; when pulled, a valve in the wing closes to shut off fuel to the engine,” Alaska Airlines said in a statement to CNN. The flight crew detained the suspect and the plane was diverted to Portland International Airport, the Port of Portland said in a statement. After Alaska Airlines acquired Virgin America in 2016, Emerson became a first officer with Alaska and worked about three more years to become a pilot for the airline, according to the airline statement. “Throughout his career, Emerson completed his mandated FAA medical certifications in accordance with regulatory requirements, and at no point were his certifications denied, suspended or revoked,” Alaska Airlines said in a statement.

Persons: Joseph D, Emerson, CNN’s Josh Campbell, Joseph Emerson, “, Mike Karn, LiveATC.net, ”, Aubrey Gavello, ” Gavello, Laura Coates, Alex Wood, Wood, ” Wood, Gavello, “ I’m, Ed Yee, ” Yee Organizations: CNN, Alaska Airlines, Sunday, Port, Portland police, Horizon, Airlines, Embraer, American Airlines, Portland International Airport, FBI, Detention, Federal Aviation Administration, FAA, Hamas, Passengers, Alaska, Alaskan Airlines, Alaska Air Group, Virgin America, Airbus, Boeing, Canadair Regional Jet, Havilland Locations: San Francisco, Portland , Oregon, Portland, Oregon, Everett , Washington, Sunday, Port, Multnomah, Israel, Alaska

Spirit Airlines canceled about 100 flights on Friday after pulling some planes out of service for inspections, and the airline expects the disruptions to last several days. “We’ve cancelled a portion of our scheduled flights to perform a necessary inspection of a small section of 25 of our aircraft,” Spirit said in a statement. About half of the Spirit cancellations were at Florida’s Orlando International Airport, where Spirit is the second-largest carrier. Spirit, which is based in Miramar, Florida, has canceled more than 3,600 flights this year, or 1.5% of its schedule. That is lower than the 2% cancellation rate at Frontier Airlines, a similar budget carrier, and rates for JetBlue Airways and United Airlines.

Persons: “ We’ve Organizations: Spirit Airlines, Federal Aviation Administration, ”, FAA, European, Airbus, Florida’s Orlando International Airport, Frontier Airlines, JetBlue Airways, United Airlines Locations: U.S, Miramar , Florida

☆ A Russian airline is planning to fly an Airbus A320 out of a wheat field where it made an emergency landing last month
▼ + stars: | 2023-10-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

An Airbus A320 operated by Ural Airlines made an emergency landing in Siberia last month. Russia has been facing an aircraft shortage due to international sanctions. Ural is repairing the jet, protected by 24/7 security, in hopes it will take off from the field. AdvertisementAdvertisementA Russian airline's Airbus A320 could take off from the same wheat field where it made an emergency landing last month, Reuters reported. Russia has been grappling with an aircraft shortage since the country faced international sanctions in the wake of its invasion of Ukraine in February 2022.

Persons: —, Alexey Malgavko Organizations: Airbus, Ural Airlines, Service, Reuters, Boeing, REUTERS, Telegram Locations: Siberia, Russia, Sochi, Omsk, Siberia's Novosibirsk, Ukraine, Ural

☆ Russian airline aims for patched up Airbus to take off from field where it landed
▼ + stars: | 2023-10-09 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +3 min

The Airbus A320 which had been flying from Sochi to Omsk with 167 people on board, landed safely in the field in western Siberia's Novosibirsk region on Sept. 12. Ural Airlines said a hydraulics fault was to blame. "According to the preliminary technical assessment of specialists, the aircraft is in good condition," Ural Airlines said in a statement. "Several options are being considered for the plane taking off from the field," Ural said, such as the plane's seats being removed to make the aircraft lighter. Ural Airlines did not respond to Reuters' questions about any contacts with Airbus, repair costs or any risks to its plan.

Persons: Alexey Malgavko, Gleb Stolyarov, Alexander Marrow, Mark Potter Organizations: Airbus, Ural, REUTERS, Ural Airlines, West, Boeing, Reuters, CFM International, Thomson Locations: Sochi, Omsk, Kamenka, Novosibirsk, Russia, Ural, Siberia, Ukraine, Siberia's Novosibirsk, Moscow

☆ Finnair is one daunting rights issue that can fly
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

A Finnair Airbus A320-200 aircraft prepares to take off from Manchester Airport in Manchester, Britain September 4, 2018. REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters Breakingviews) - Rights issues worth almost the value of a company’s equity rarely get off the ground. Tell that to 700 million euro Finnair (FIA1S.HE), which on Friday unveiled a 600 million euro rights issue. For one thing, the Finnish state owns over half of the Nordic airline and is supporting the rights issue. The government is offsetting the cost of the cash call by being partly refunded a 400 million euro capital loan it granted to the airline in the wake of the pandemic.

Persons: Phil Noble, Aimee Donnellan, Tesla, Sandoz, George Hay, Oliver Taslic Organizations: Airbus, Manchester Airport, REUTERS, Reuters, Nordic, SAS, X, Alstom, Brookfield, Thomson Locations: Manchester, Britain

☆ IAG in talks with Airbus, Boeing on potential widebody order - Bloomberg News
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Airbus A320 aircraft of British Airways takes off at Zurich Airport near Ruemlang, Switzerland, January 18, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsOct 6 (Reuters) - British Airways-owner IAG (ICAG.L) is in talks with Boeing (BA.N) and Airbus (AIR.PA) for a potential order for widebody aircraft, Bloomberg News reported on Friday, citing people familiar with the matter. Orders for long-distance widebody jets have rebounded as carriers try to inject newer planes into their fleet to meet higher international travel demand. IAG is seeking to replace its fleet of older Boeing 777s at British Airways and could order 20 or more aircraft, the report said. Boeing deferred to IAG for any comments, while IAG said it does not comment on market rumors.

Persons: Denis Balibouse, IAG, Shivansh, Shinjini Organizations: Airbus, British Airways, Zurich, REUTERS, Boeing, Bloomberg, Thomson Locations: Ruemlang, Switzerland, Bengaluru

☆ Germany's Scholz targets green jet fuel role, Airbus investment
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] German Chancellor Olaf Scholz and Transport Minister Volker Wissing attend the third national aviation conference at Lufthansa Technik, in Hamburg, Germany, September 25, 2023. Airbus (AIR.PA) is considering joining the consortium to use the fuel, HH2E said. Scholz also said Germany was targeting investment for a potential new plane to replace the Airbus single-aisle A320. "We would like to see further investment in aviation - not just in Hamburg, but throughout Germany, as part of the successor to the Airbus A320," he said. In July, Airbus expanded production of the same series in Toulouse, France, to meet rising demand.

Persons: Olaf Scholz, Volker Wissing, Fabian Bimmer, HH2E, Scholz, Carsten Spohr, planemaker, Andreas Rinke, Tim Hepher, Rachel More, Friederike Heine, Barbara Lewis, Sharon Singleton Organizations: Lufthansa Technik, REUTERS, Rights, Airbus, DHL, National Aviation Conference, EU, Industry, Lufthansa, SAF, Thomson Locations: Hamburg, Germany, Europe, France, German, Toulouse

☆ NTSB probes JetBlue flight that experienced severe turbulence, injuring eight
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: 1 min

Sept 25 (Reuters) - The National Transportation Safety Board said it has opened an investigation into a JetBlue (JBLU.O) flight that experienced severe turbulence and led to eight apparent injuries. The incident occurred Monday on JetBlue Flight 1256, an Airbus (AIR.PA) A320, near Jamaica while en route from Guayaquil, Ecuador to Fort Lauderdale, Florida, the board said. JetBlue said the seven customers and one inflight crew member were transported to the hospital for evaluation and treatment and the flight landed safely. Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: David Shepardson, Chris Reese Organizations: National Transportation Safety Board, JetBlue, Airbus, Thomson Locations: Jamaica, Guayaquil, Ecuador, Fort Lauderdale , Florida

☆ Colombia airline Avianca to invest $473 mln to grow fleet by 16 planes
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

The exterior of the Avianca administrative office is pictured, as officers from Colombia's attorney general's office conduct a raid inside, in Bogota, Colombia February 12, 2020. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Sept 7 (Reuters) - Colombia's flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and two A320 CEO planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750. Neuhaser during a press conference in Colombia's Bogota called the increase of almost 1 million weekly seats "unprecedented growth" in the airline's history. The 16 planes will join Avianca's fleet between October and the end of December, the executive said.

Persons: general's, Luisa Gonzalez, Adrian Neuhauser, Avianca, Neuhaser, Luis Jaime Acosta, Oliver Griffin, Mark Porter Organizations: REUTERS, Rights, Viva Air, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's Bogota, Avianca's, Colombian

The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets. In a non-public filing dated July 28 and reviewed by Reuters, ACG submitted pictures and details to the Delhi High Court, listing missing parts from two Airbus A320 planes it inspected. These included the captain's "side stick" used to fly the aircraft, a tiller that helps steer it while on the ground, engine fan blades that were "completely missing", a partly missing toilet seat and an escape slide that had been removed. The filing does not say who took out the parts or how they went missing. Go First, whose lessors also include Standard Chartered's Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment.

Persons: Adnan Abidi, ACG, Pratt, Aditi Shah, Aditya Kalra, William Mallard Organizations: REUTERS, NEW, Go, ACG Aircraft Leasing, Bankruptcy, Reuters, Court, Airbus, Pembroke Aircraft Leasing, SMBC Aviation, BOC Aviation, Raytheon, Whitney, Thomson Locations: New Delhi, India, NEW DELHI, Ireland, Delhi, U.S

Oleg Panteleev, head of the AviaPort aviation think-tank in Moscow, said Russian airlines have "solved the problem" of operating under Western sanctions. When those firms stopped providing services – Lufthansa Technik said it suspended sales to Russia from Feb. 28, 2022 – Russian airlines turned to a pool of far smaller suppliers. Ivan Melnicov, chief executive of Air Rock and another aircraft parts distributor in Moldova called Aerostage Services, denied selling products to Russia. Most of the shipments listed in Russian customs records as having been made by Air Rock and Aerostage took circuitous routes, transiting through the UAE or Kyrgyzstan. He said Skyparts had procured one of the Northrop Grumman parts from a U.S. supplier but denied ever sending it to Russia.

Persons: Paul Hanna, Northrop, Oleg Panteleev, Kirill Skuratov, Northrop Grumman, Ivan Melnicov, Melnicov, Aerostage, Kafolati Komil, Mahmadbashir Yakubov, Kafolati, Skyparts FZCO, Lisa Barrington, Saeed Abdulloev, Skyparts, Karine Bukrey, Ramses Turizm, Bukrey's, Ramazan, Bukrey, Akpinar, Nordwind, Valery Pashaev, Pashaev, Maurice Tamman, David Clarke, Daniel Flynn Organizations: Ural Airlines Airbus, Palma de Mallorca, REUTERS, Rights, U.S ., Northrop Grumman, Central Asia, Airbus, Boeing, Ural Airlines, Northrop, United Arab Emirates, Western, Reuters, of Commerce, European Union, Russian, S7 Airlines, Reuters Graphics Reuters, Aeroflot, Lufthansa Technik, Engineering, Rock Solutions, Air Rock, Aerostage Services, Airlines, UAE, Istikloliyat, Skyparts, Nordwind Airlines, Thomson Locations: Palma de, Spain, Russian, Yekaterinburg, U.S, Moscow, Russia, Central, Ukraine, Tajikistan, UAE, Turkey, China, Kyrgyzstan, Swiss, Germany, Moldova, Air, Moldovan, Saudi Arabia, Komilchon, Ural, Dubai, United Arab, Turkish, Antalya, Nusret, Technic, New York

☆ Airline CEO works as a flight attendant and discovers how challenging it is to be 'attentive and charming' to passengers on a night flight
▼ + stars: | 2023-08-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

The CEO of Lufthansa Airlines wrote a LinkedIn post detailing his experience working as a flight attendant. CEO Jens Ritter said he helped out staff on flights between Germany and the Middle East. AdvertisementAdvertisementThe CEO of Lufthansa Airlines worked as a flight attendant on a round-trip between Germany and the Middle East, serving passengers onboard the German airline. According to a Lufthansa spokesperson, Ritter worked on an outbound and return flight between Frankfurt in Germany and Bahrain. Ritter has been in charge of Lufthansa Airlines since last April.

Persons: Jens Ritter, Ritter, Carsten Spohr, –, Ritter isn't, Greg Foran, Laxman Narasimhan, what's, it's, Lee Peterson Organizations: Lufthansa Airlines, Morning, Lufthansa, Lufthansa Group, Swiss Air, Austrian Airlines, Airbus, LinkedIn, Air New Zealand, NDTV, WD Partners Locations: Germany, East, Frankfurt, Bahrain, Riyadh, Saudia Arabia

☆ A passenger plane flew into Ukrainian airspace trying to avoid a storm, but made it through the warzone OK
▼ + stars: | 2023-08-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Turkish passenger plane flew through Ukrainian airspace on July 25 for several hours. The airline — a new Turkish company called BBN — said the pilots were avoiding a storm. The plane, an Airbus A320-200 operated by Turkish company BBN Airlines, was flying from Oslo, Norway to Antalya, Turkey on July 25. Ukraine closed its airspace when Russia launched its full-scale invasion in February 2022, forbidding civilian aircraft to enter. The area the plane flew has not seen heavy fighting, which has been concentrated hundreds of miles to the east.

Persons: — Organizations: Civilian, Service, Airbus, BBN Airlines, New, Russian, Freebird Airlines, NRK, Ukraine's Ministry, Transport Locations: Turkish, Ukraine, Wall, Silicon, Ukraine's, Oslo, Norway, Antalya, Turkey, Chernivtsi, Russia, Norwegian, Romania

☆ Qantas unveils new livery in support for Indigenous referendum
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Aug 14 (Reuters) - Qantas (QAN.AX) on Monday unveiled plans for some aircraft to carry special livery supporting recognition of Aboriginal and Torres Straits Island people in Australia's constitution, stepping into the divisive debate on Indigenous rights. Australians will vote in a landmark referendum later this year on whether they support altering the constitution to include a "Voice to Parliament", an Indigenous committee to advise parliament on matters affecting First Nations people. Support for the proposal has been dipping in recent months, according to opinion polls. The national carrier said livery featuring a 'Yes23' logo, asking Australians to vote Yes in the referendum, will be carried on three aircraft: a Qantas Boeing 737, a QantasLink Dash 8 Turboprop and a Jetstar Airbus A320. In addition to the Yes livery, Qantas will support the Yes23 campaign teams with travel so they can engage with regional and remote Australians ahead of the referendum, the company said in a statement.

Persons: Alan Joyce, Anthony Albanese, Praveen Menon, Lincoln Organizations: SYDNEY, Qantas, Torres Straits, Qantas Boeing, Jetstar Airbus, Nations, Thomson Locations: Australia

☆ Pratt engine issues easing but shortages to last through 2024 -airBaltic
▼ + stars: | 2023-08-09 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] The Pratt & Whitney logo is seen on the side of an engine at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. With more than 40 airplanes in its fleet, airBaltic is the second-largest operator of A220s after Delta Air Lines (DAL.N). Assuming that it stays like this, I would say that at the end of 2024 we should have net zero missing engines." I don't see us going back to zero (missing engines) before the end of next year," he said. Gauss said in June airBaltic is in talks with Airbus to buy 30 more A220s as it prepares for a possible IPO next year.

Persons: Pratt, Whitney, Peter Cziborra PARIS, Martin Gauss, Gauss, airBaltic, Tim Hepher, David Gregorio Our Organizations: Farnborough, REUTERS, Pratt & Whitney, Airbus, Reuters, Delta Air Lines, Thomson Locations: Farnborough, Britain, Latvian

☆ American Airlines says in talks with Airbus, Boeing over narrowbody jet order
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

An American Airlines aircraft flies past JetBlue and United Express aircraft as it lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File PhotoAug 2 (Reuters) - American Airlines (AAL.O) said on Wednesday that it is in talks with planemakers Airbus (AIR.PA) and Boeing (BA.N) over a new narrowbody jet order, at a time when airlines rush to order more aircraft amid a travel boom. Bloomberg News earlier reported that the airline was in talks with the companies to order at least 100 jets, citing people familiar with the matter. "We are talking to Boeing and Airbus about our narrowbody aircraft needs for the latter half of this decade and beyond," American said in a statement. Airbus, when contacted by Reuters, said "we have no comment on our confidential commercial talks, which may or may not be happening."

Persons: Joshua Roberts, Max, Airbus's, Nathan Gomes, Tim Hepher, David Shepardson, Milla Nissi Organizations: American Airlines, JetBlue, United Express, Reagan National Airport, REUTERS, Airbus, Boeing, Bloomberg, Reuters, Thomson Locations: Arlington , Virginia, U.S, Bengaluru, Paris, Washington ,

☆ E-Bike Batteries Keep Exploding. What’s the Solution?
▼ + stars: | 2023-07-31 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Electric Aircraft Suffer From Short Ranges. Could Towing Be the Answer? Startup Magpie Aviation is testing whether electric passenger planes could be towed to extend their range. To find out what it might take for Magpie to tow single aisle jetliners like a Boeing 737 or an Airbus A320, WSJ’s George Downs takes flight on an aerotowed glider. Illustration: George Downs

Persons: George Downs Organizations: Aviation, Boeing, Airbus

☆ Beond: the new Maldives airline that's all business class
▼ + stars: | 2023-07-24 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

BeondAbout three dozen airlines currently offer service to Velana International Airport, the Maldives’ main airport near the capital island Malé. “The Maldives is one of those markets that can fill an aircraft, even a mostly economy class cabin,” says Feuerherd. However all-business class airlines have used narrow-bodies before. There are no direct flights from Delhi, but carriers including Air India have business class seats from around $750 with a single connection. “There probably is a niche to carve out of premium travelers who want more of a private jet experience, but maybe don’t have the private jet budget.”

Persons: CNN —, –, ”, Sascha Feuerherd, “, Beond, “ We’re, they’d, Arabesque, coy, Feuerherd, it’s, Matteo Colombo, Rob Morris, ” Mike Stengel Organizations: CNN, Ferrari, Airbus, Velana International, Emirates, Qatar Airways, Turkish Airlines, Beond, Perth, Boeing, La Compagnie, British Airways, Etihad, Oman Air, Air India, – Locations: Maldives, India, ”, Malé, Dubai, Delhi, Germany, Frankfurt, Munich, Asia, UAE, Maldivian, Europe, Japan, South Korea, China, Australia, South Africa, Cape Town, La, French, Paris, New York, London, Oman, Emirates, Cirium, – Dubai, Qatar

The deal to buy Collins' actuation and flights controls business marks the French engine and aircraft equipment maker's biggest acquisition since the 2018 purchase of seat maker Zodiac. "We are going to move towards more electrical actuation and flight controls," Safran's Chief Executive Officer Olivier Andries said. Collins Aerospace, part of U.S. aerospace and defence giant Raytheon Technologies, recently renamed RTX (RTX.N), said the sale would "optimize resources". Safran said its all-cash offer gave the business it is acquiring an enterprise value of $1.8 billion. Safran said Collins would remain a key customer for the business as a manufacturer of nacelles or engine housings for jetliners, making up 25% of the acquired activity's revenues.

Persons: France's Safran, SAF.PA, Collins, Olivier Andries, Safran, Andries, Pascal Bantegnie, Augustin Turpin, Tim Hepher, Jan Harvey, Jane Merriman, Elaine Hardcastle Organizations: Collins Aerospace, Raytheon Technologies, Airbus, Boeing, French Rafale, Parker Aerospace, Thomson Locations: U.S, Paris, American, Eaton, United States, Europe

☆ Stocks making the biggest premarket moves: JetBlue, Zillow, JPMorgan Chase, 3M and more
▼ + stars: | 2023-07-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

JPMorgan Chase — The Wall Street heavyweight added 1.2% in premarket trading after an upgrade from Jefferies to buy from hold on Tuesday. U.S. Bancorp — Shares of the Minnesota-based bank gained 2.2% following an upgrade to buy from neutral by Bank of America. 3M — Shares rose nearly 2% in premarket trading following an upgrade to neutral from underperform by Bank of America. Shares of Zions fell 1.5% in premarket trading, while Truist's were down 1%. The biotech company on Monday said the pricing of its underwritten public offering, of 20 million shares of common stock, would be at $7.50 per share.

Persons: New York John F, Piper Sandler, Thomas Champion, JPMorgan Chase, Ebrahim Poonawala, Wells Fargo, Jefferies, Truist's, Iovance Biotherapeutics, —, Jesse Pound, Alex Harring, Samantha Subin, Brian Evans, Sarah Min, Michael Bloom Organizations: JetBlue Airways Airbus, New York, Kennedy International Airport, JetBlue Airways — JetBlue Airways, JPMorgan, Wall, Jefferies, U.S . Bancorp, Bank of America, Bancorp, Amazon Web Services, Prime, Zions Bancorp Locations: New, USA, U.S, Minnesota, underperform

☆ Airbus opens new assembly line for small jets in A380's shadow
▼ + stars: | 2023-07-10 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

Airbus says the new line will create 700 jobs by 2026, about half the full-time total when the world's largest jet was built there, while supporting a fabric of thousands of suppliers. It is the eighth assembly line for the A320 family, with previously announced expansion plans in the United States and China due to bring the worldwide total to 10. Its opening comes as competition between Airbus and arch-rival Boeing (BA.N) shifts towards production strategy, with both companies struggling to deliver on bulging order books. Environmental critics say burgeoning sales of the current generation of jets will make it harder to meet climate goals. Le Maire told Reuters aircraft like the A321 still offered significant savings in emissions compared to jets they replace.

Persons: Luc Lagardere, Bruno Le Maire, Emmanuel Macron, Le Maire, Tim Hepher, Richard Lough, David Evans Organizations: Airbus, French Finance, Boeing, Concorde, Reuters, Thomson Locations: TOULOUSE, France, Toulouse, United States, China

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