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☆ Boeing scores rare sales win over Airbus, despite ongoing safety issues
▼ + stars: | 2024-08-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

The embattled aircraft maker reported it took in gross orders for 72 new planes in July, compared to the 59 reported by Airbus. And many were tied to the Farnborough Air Show in July, which is the site of many commercial jet sales. The July orders brought full-year gross orders to only 228 commercial jets. Subtracting canceled orders, Boeing had only 186 net orders in the first seven months of the year. Airbus has delivered 400 jets through the first seven months of this year.

Persons: doesn’t Organizations: New, New York CNN, Boeing, Airbus, Farnborough Air, Alaska Airlines, Federal Aviation Administration Locations: New York

☆ Families of Brazilian plane crash victims gather in Sao Paulo as experts work to identify the dead
▼ + stars: | 2024-08-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

SAO PAULO — Families of victims of an airliner crash in Brazil are gathering Sunday at a morgue and hotels in Sao Paulo as forensics experts work to identify the remains of the 62 people killed in the accident. Brazilian media said another four people were identified at the Sao Paulo morgue, which did not confirm the information. Metsul, one of Brazil’s most respected meteorological companies, said Friday there were reports of severe icing in Sao Paulo state around the time of the crash. Sao Paulo state government said 26 families have already attended the morgue for identification efforts, with more expected on Sunday. The ATR 72, which is built by a joint venture of Airbus in France and Italy’s Leonardo SpA.

Persons: Danilo Santos Romano, Humberto de Campos, e Silva, Voepass, Ratinho Júnior, Liz Ibba dos Santos, Luna, Tânia Azevedo, Tiago, “, ”, Lito Sousa, ” Sousa, Marcelo Moura, Italy’s Leonardo Organizations: SAO PAULO —, Sao, Guarulhos, Airlines, ” Police, American Eagle, U.S . National Transportation Safety Board, U.S . Federal Aviation Administration, Associated Press, Airbus, Aviation Safety Network Locations: Brazil, Sao Paulo, Paulo, Vinhedo, Portuguese, Paraná, Venezuelan, Nepal, Guarulhos, Cascavel, Brasilia, France

☆ Zelenskyy confirms Ukrainian troops are fighting in Russia
▼ + stars: | 2024-08-11 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

The unprecedented assault began on Tuesday, when up to 1,000 troops entered the Kursk region, according to Russian reports. In Ukraine, the country continues to battle Russia on domestic fronts, including a deadly air attack early Sunday on Kyiv. Belarus, a staunch ally of Russia, has also sent more troops to its border with Ukraine and said Saturday that Ukrainian drones had violated its airspace. Top Russian general Valery Gerasimov boasted last week that Ukrainian troops had been stopped, but Russia is yet to report pushing Kyiv’s forces back across the border. APBut advances into Russia come at a time when Ukrainian forces continue to struggle on several longstanding conflict zones inside its own borders.

Persons: Volodymyr Zelenksyy, Igor Kutsak, HANDOUT, Zelenskyy, Vladimir Putin, Valery Gerasimov, Aleksei Smirnov, Vitaliy Klitschko, ”, Andriy Yermak Organizations: Kremlin, Moscow, Kyiv, Getty, Federal, Terrorism, Ukrainian, Air Locations: Russia’s, Kursk, Ukraine, Russia, AFP, Russian, Belarus, Kyiv, Korean, Pyongyang, Moscow

☆ Philippines condemns China’s ‘illegal and reckless’ actions for dropping flares in the skies above South China Sea
▼ + stars: | 2024-08-11 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

The Philippine military condemned “dangerous and provocative actions” when two Chinese aircraft dropped flares in the path of a Philippine aircraft during a routine patrol around the shoal on Thursday. The Chinese military’s Southern Theater Command countered that the Philippines had disrupted its training, accusing Manila of “illegally intruding” into its airspace. On Sunday, Marcos urged China to act responsibly both in the seas and in the skies. Beijing claims almost all of the South China Sea, a conduit for more than $3 trillion of annual shipborne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. China rejects a 2016 ruling by the Permanent Court of Arbitration in The Hague that Beijing’s expansive claims had no basis under international law.

Persons: Ferdinand Marcos Jr, Marcos, ” Marcos, Chester Cabalza, ”, Cabalza Organizations: Sunday, South China, Southern Theater Command, Presidential Communications Office, International Development, Security Cooperation Locations: South, Manila, Beijing, Scarborough, Philippines, Philippine, “, China, South China, Vietnam, Indonesia, Malaysia, Brunei, The Hague

☆ Russia reinforces Kursk region, videos show Ukrainian presence, evidence of attack
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

Russia moved extra tanks, artillery and rocket systems to its southern Kursk region and imposed anti-terrorism measures in border areas as it battled a shock incursion by Ukraine’s military. Ukrainian forces, meanwhile, posted a video purporting to show them in control of a town near the border, the first pictorial evidence of their cross-border advances. The acting governor of Kursk region, Alexei Smirnov, said drone debris had fallen on a power substation near Kurchatov, site of one of Russia’s largest nuclear power stations with four reactors. Russian President Vladimir Putin discussing the situation in the Kursk region on Friday. Kursk Region Governov Alexei Smirnov via AFP - Getty ImagesHe praised his army’s ability “to surprise”.

Persons: Alexei Smirnov, Anatoliy Zhdanov, Vladimir Putin, Aleksey Babushkin, Alexander Bortnikov, Staff Valery Gerasimov, “, Ukraine ”, Volodymyr Zelenskiy, ”, Ben Barry, Zelenskiy, Gerasimov Organizations: Reuters, Getty, Atomic Energy Agency, Moscow’s, Terrorism, Staff, Armed Forces, Grad, Gazprom, Armed Forces of, ”, Ukrainian military’s, AFP, International Institute for Strategic Studies, Telegram, United States, Stinger Locations: Russia, Kursk, Ukrainian, Kurchatov, Sudzha, AFP, Russian, Vienna, Ukraine, Bryansk, Belgorod, Armed Forces of Ukraine, U.S, ”

☆ Ukraine is striking targets hundreds of miles inside Russia for 3 key reasons, experts say
▼ + stars: | 2024-08-10 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

While the news grabbed headlines, it was not the first time that Ukraine has reportedly targeted sites deep within Russia. AdvertisementUkraine does not currently have permission to use long-range guided weapons such as the ATACMS to hit such targets inside Russia. While striking targets so far from the frontline may be seen as Ukraine spreading itself rather thinly, such attacks have three key benefits, experts told BI. "Russia has already adapted its air defense posture following previous drone strikes and reportedly has stood up mobile counter-UAS [unmanned aircraft system] teams. Russia's S-400 is one of its most advanced air defense systems.

Persons: —, Mark Cancian, Cancian, Justin Bronk, Moscow's pocketbook, John Hardie, Hardie, hasn't, Bronk Organizations: Service, Business, Ukraine's Security Service, International Security, Centre, Strategic, International Studies, Stringer, Anadolu Agency, Getty, Ukraine, Royal United Services Institute, Russia, Foundation for Defense of Democracies, Bloomberg, Reuters Locations: Ukraine, Russian, Murmansk, Russia, Astrakhan, Bashkortostan, Moscow

☆ Boeing's new outsider CEO Ortberg takes the helm, this time from the factory floor
▼ + stars: | 2024-08-08 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +8 min

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. Boeing's new CEO, Robert "Kelly" Ortberg. Ortberg’s Day 1 activity is walking the floor of Boeing’s factory in Renton, Washington, where it builds its bestselling but problematic 737 Max. The airline’s CEO hinted at the big feat Ortberg has ahead of him. “We look forward to working with Kelly Ortberg in his efforts to return Boeing to its place as the leading American aerospace company,” CEO Bob Jordan said in a written statement.

Persons: Robert “ Kelly ” Ortberg, Robert " Kelly, Ortberg, ”, Rockwell Collins, Richard Aboulafia, ” Ortberg, Boeing’s, Butch Wilmore, Suni Williams, Ron Epstein, “, isn’t, ” Jon Holden, Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Chicago —, Kelly Ortberg, Bob Jordan, —, Michael Sheetz Organizations: Boeing, AFP, Getty, Ortberg’s, National Transportation, Air Force One, NASA, SpaceX, International Space, Airbus, Bank of America, International Association of Machinists, Aerospace Workers, Arlington , Virginia —, ”, Southwest Airlines Locations: U.S, Renton , Washington, Portland , Oregon, “, Washington state, Oregon, Arlington , Virginia, Chicago, Seattle, American

On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India. Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers. Asia-Pacific markets were mostly down in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India's rate decision. "Assuming that the price stability target will be achieved in the second half of fiscal 2025, the Bank should raise the policy interest rate to the level of the neutral interest rate toward that time," the summary read. Japanese technology investor SoftBank Group said in a statement on Wednesday that it would buy back up to 500 billion yen ($3.4 billion) of its shares as part of its efforts to boost shareholder returns.

Persons: Shinichi Uchida, Lasertec, Korea's Kospi Organizations: Reuters, The Reserve Bank of, Reserve Bank of India, Global, Bank of Japan, Dow Jones, Nasdaq, Nvidia, Nikkei, Bank, SoftBank, Semiconductor, Isuzu Motors, China's CSI, Cathay, Hong Kong's, Airbus Locations: The Reserve Bank of India, Asia, Japan, U.S, Pacific, Hong, Cathay Pacific

☆ Delta says chaos after CrowdStrike outage cost it $380 million in revenue
▼ + stars: | 2024-08-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Delta Air Lines on Thursday said last month's CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is pursuing damages against the company as well as Microsoft . Delta struggled more than its competitors to recover from the July 19 outage, which took millions of Windows-based machines offline around the world. "Since the incident, our people have returned the operation to an industry-leading position that is consistent with the level of performance our customers expect from Delta." The U.S. Department of Transportation last month said it is investigating Delta's response to the outage and flight cancellations.

Persons: Ed Bastian, CrowdStrike Organizations: Delta Airlines Airbus, Los Angeles International Airport, Delta Air Lines, Microsoft, Delta, U.S . Department of Transportation Locations: Las Vegas, Los Angeles , California, Atlanta

☆ Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while
▼ + stars: | 2024-08-06 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Gautam Adani plans to hand over the company to his sons and nephews by the early 2030s. The Adani Group is a major player in multiple sectors in India, including infrastructure and energy. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gautam Adani, 62 years old, announced his intention to retire at 70 from the Adani Group, Bloomberg reported on Monday.

Persons: Gautam Adani, Adani, — Organizations: Service, Adani Group, Bloomberg, Adani, Business Locations: India

☆ I flew on a new all-business-class airline from Italy to the Maldives. It's worth splurging for, even with the odd fuel stop.
▼ + stars: | 2024-08-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

A new Maldives-based airline called Beond launched in 2023 with an all-business-class Airbus A319. I flew the airline, and while it faces hurdles, it has a great product that is cheaper than competitors. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Maldives-based carrier launched in November and has one single plane flying to the nation's capital, Male, from cities like Zurich and Riyadh, Saudi Arabia.

Persons: —, you've Organizations: Beond, Airbus, Service, Business Locations: Maldives, The Maldives, Zurich, Riyadh, Saudi Arabia

☆ Qatar CEO says the airline isn't ditching its Airbus A380s just yet. See inside the superjumbo, complete with a bar and lounge.
▼ + stars: | 2024-08-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Qatar Airways' new CEO told reporters in July that the airline is keeping its beloved A380s. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, Akbar al Bakar, Badr Mohammed Al Meer Organizations: Qatar Airways, Boeing 777X, Service, Airbus, Farnborough, Business Locations: Qatar

This came after the Israeli military said it had struck a “terrorist cell operating a drone” in southern Lebanon after “numerous projectiles” were fired at northern Israel. Rockets fired from southern Lebanon are intercepted by Israel's Iron Dome air defence system over the Upper Galilee region in northern Israel. The killing came a day after Shukr, a senior Hezbollah leader died in an Israel airstrike on Lebanon’s capital Beirut. Israel’s military said it struck a Hamas military compound embedded in the schools. It came after an Israeli airstrike hit a tent camp inside a hospital in central Gaza earlier in the day.

Persons: Joe Biden, Jordan, Jalaa Marey, Ismail Haniyeh, Fuad Shukr, Haniyeh, Masoud Pezeshkian, Israel “, ” Israel, Shukr, ”, Menahem Kahana, Burcu Ozcelik, Mahmoud Zayyat Organizations: NBC News, Rockets, Israel's, Getty, Iran’s Foreign Ministry, Israel, Pentagon, Navy, Royal United Services Institute, NBC, Diplomats, Health Locations: Israel, Gaza, United States, Australia, France, Canada, South Korea, Saudi Arabia, Japan, Turkey, Lebanon, Beirut, Galilee, AFP, Iran, Tehran, Golan, Shams, Iraq, Syria, Yemen, U.S, Britain, Haniyeh’s, London, Lebanese, Sidon, Gaza City

☆ Far-right riots erupt in U.K. in the wake of child murders
▼ + stars: | 2024-08-04 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +5 min

One police officer in the city was hit on the head with a chair and another kicked and knocked off his motorcycle. The police force responsible for the region has confirmed that two officers were taken to the hospital with injuries. Police officers face off with protesters during a far-right demonstration in Bristol, England. The latest demonstrations puncture any idea that Starmer’s center-left government has evaded an ascendant hard-right movement that continues to rise on the continent. Behind his majority, there remains an angry and active far-right undercurrent that continues to make itself heard.

Persons: Starmer, ”, Taylor Swift, Justin Tallis, Axel Rudakubana, Tommy Robinson —, —, “, Andrew Tate Organizations: Police, Getty, Tech Against Terrorism, Guardian, English Defence, BBC Radio, Labour Party Locations: Bristol, Southport, England, Europe, Welsh, Cardiff, Britain, Romania, Rotherham

☆ UK leader Starmer condemns attack on hotel as act of ‘right-wing thuggery’
▼ + stars: | 2024-08-04 | by ( ) www.cnbc.com time to read: +6 min

A small fire in a wheelie bin was also visible while windows in the hotel were smashed. Police in the north of England town of Rotherham struggled to hold back a mob of far-right rioters who were seeking to break into a hotel housing asylum-seekers. U.K. Prime Minister Keir Starmer has condemned the attack on a hotel housing asylum seekers, describing it as "far-right thuggery" as violence broke out in several towns and cities across the country. Police in the north of England town of Rotherham struggled to hold back a mob of far-right rioters who were seeking to break into a hotel housing asylum-seekers. Britain's new prime minister, Keir Starmer, has blamed the violence on "far-right hatred" and vowed to end the mayhem.

Persons: Keir Starmer, John Healey, George Robertson, Tiffany Lynch, Wales, Andrew Menary, Axel Rudakubana, Rudakubana, Stephen Yaxley, Lennon, Tommy Robinson, Elon Musk, Nigel Farage, —, …, Diana Johnson Organizations: British, Defence, Downing, Police, . Police, Police Federation of England, BBC, English Defense League, Merseyside Police, Twitter, Elon, Reform U.K Locations: London, England, Rotherham, Middlesborough, Belfast, Northern Ireland, Liverpool, Bristol, Southport, Wales, Rwandan, France

☆ See inside the first private-jet version of the Boeing 737 Max. The extravagant plane is worth over $100 million and has a bar, two bedrooms, and huge showers.
▼ + stars: | 2024-08-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The first Boeing 737 Max to be converted to a business jet was on display at EBACE. Go to newsletter preferences Thanks for signing up! AdvertisementThe Boeing 737 Max doesn't have the best reputation. Yet while it is outsold by the Airbus A320neo, the 737 Max still remains popular with customers. This story is available exclusively to Business Insider subscribers.

Persons: Max, —, Max doesn't Organizations: Boeing, Boeing Business Jets, Service, Alaska Airlines, Airbus, Business

☆ Airlines may be struggling but global travel is in an uptrend. These companies are set to benefit
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Global Jets ETF , whose largest holdings are Southwest Airlines , United Airlines , American Airlines and Delta Air , is off 7.5% just since the end of June. GE Aerospace GE Aerospace is a pure play on the rise of global air travel, according to John Belton, portfolio manager at Gabelli Funds. Just about all 18 analysts polled by LSEG consider GE Aerospace a buy, with five rating it a strong buy. Central to the investment thesis for GE Aerospace is its market leadership. "The air travel industry is a growth industry," Galluccio said.

Persons: Richard Branson, John Belton, Belton, Nicholas Galluccio, Galluccio, Morningstar, that's, Tony Bancroft, Bancroft, there's, wanderlust Organizations: Virgin Group, U.S . Global Jets ETF, Southwest Airlines, United Airlines, American Airlines, Delta Air, Transportation, Boeing, Airbus, Gabelli, International Air Transport Association, AAR Corp, Teton Advisors, Westwood, Equity, GE Aerospace GE Aerospace, Gabelli Funds, New York Stock Exchange, General Electric, GE Aerospace, LSEG, GE, Airlines, Morningstar, Growth, Max, Federal Aviation Administration, Aerospace & Defense ETF, Heico Corporation, Triumph, TransDigm Locations: U.S, Eastern Europe

☆ Turkish Airlines wants to go toe-to-toe with its Middle Eastern rivals. See inside its luxurious new business class suites.
▼ + stars: | 2024-08-02 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +1 min

Its business class already has a good reputation, ranked 10th worldwide by Skytrax. However, Turkish Airlines faces steep competition. Other Middle Eastern airlines, like Qatar Airways and Emirates, have built strong reputations thanks partly because of their business-class offerings. This story is available exclusively to Business Insider subscribers. For the first time, its business class will feature privacy dividers and sliding doors in every suite.

Persons: — Organizations: Service, Turkish Airlines, Farnborough, Skytrax, Qatar Airways, Emirates, Business, Airbus, Boeing

☆ Battle for Lashio: Civilians caught in the crossfire as rebels claim major victory over Myanmar’s junta
▼ + stars: | 2024-08-02 | by ( Helen Regan | Angus Watson | ) edition.cnn.com time to read: +12 min

Displaced people fleeing fighting in Lashio try to cross the flooded road to Taunggyi in Myanmar's northern Shan state on July 9, 2024. For Lashio to fall, “it basically eliminates the junta as an effective organized force from a huge part of the country,” Ruser said. The road on the way was badly damaged,” he said as he traveled to Taunggyi, the Shan state capital some nine hours south of Lashio. People queue for food at a monastery turned temporary shelter for internally displaced people in Lashio, Shan state on November 15, 2023. There were also reports in local media that the junta had ordered its staff to leave Lashio as fighting got closer.

Persons: Khin, ” Khin Swe, ”, “, Lashio “, Zaw Min Tun, Lashio, Stringer, Nathan Ruser, ” Ruser, Swe, Khin Swe, –, Arakan Army –, “ They’re, Miemie Winn Byrd, Daniel K, Inouye, ” Byrd, “ I’m, Min Aung, I’m, they’re Organizations: CNN, Northeastern Military Command, Myanmar National Democratic Alliance Army, Junta, Getty, Analysts, Australian Strategic Policy Institute, “ Artillery, Facebook, Rebels, Three Brotherhood Alliance, People’s Defence Force, National Liberation Army, Arakan Army, US Army, Pacific Center for Security, Brotherhood Alliance Locations: Myanmar, Lashio, Shan, Zaw, Taunggyi, AFP, Zin Ann, Hsipaw, Mandalay, Arakan, Inouye Asia

☆ TikTok's parent company just had a crazy case of food poisoning in Singapore that left their whole office smelling like vomit
▼ + stars: | 2024-08-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewTikTok parent company ByteDance's headquarters in Singapore were left smelling like vomit after a mass food poisoning incident on Tuesday. ByteDance had hired two food caterers — Yun Hai Yao and Pu Tien Services — to run each of the buffet lines. The Singapore Food Agency suspended one of Yun Hai Yao's branches and Pu Tien's catering kitchen on Wednesday. AdvertisementOver 100 individuals hit with food poisoningThe food left 130 individuals with gastroenteritis symptoms, the Singapore Food Agency and the country's health ministry said in a statement on Wednesday. Representatives for ByteDance, Pu Tien, and Yun Hai Yao didn't immediately respond to requests for comment from Business Insider.

Persons: —, Andre, ByteDance, Yun Hai Yao, Pu, Yun, Pu Tien, Yun Hai Yao didn't Organizations: Service, CNA, Business, Pu Tien Services, Singapore Food Agency, Singapore Civil Defence Force, Singaporean, The Straits Times, Bloomberg, Straits Times, Representatives Locations: Singapore

☆ Rolls-Royce shares soar to all-time high on reinstated dividend, raised profit guidance
▼ + stars: | 2024-08-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Shares of Rolls-Royce jumped more than 11% to hit an all-time high on Thursday after the company reinstated its dividend and raised its profit forecast on the back of strong first-half results. That's up from the £1.7 billion to £2.0 billion forecast in its 2023 full-year results and ahead of market expectations. The firm, which supplies aviation giants Boeing and Airbus, also said it would resume dividends for full-year 2024, starting at a 30% pay-out ratio of underlying profit after tax. "These results and our increased financial resilience give us the confidence to raise our 2024 guidance and reinstate shareholder distributions in respect of the full year 2024 results," Erginbilgic added. Underlying operating profit was £1.15 billion, up from £673 million in the previous year.

Persons: Royce, Tufan Erginbilgic, Erginbilgic Organizations: Royce Trent, Airbus, Lufthansa Technik AG, Royce, London, Boeing Locations: British

☆ Boeing’s new CEO just landed the best (and worst) job in Corporate America
▼ + stars: | 2024-08-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

You’ve just landed a job that is simultaneously the best and worst in Corporate America. There’s a laundry list of problems Ortberg will have to confront on Day One, and he’ll be operating under intense scrutiny from a rabid audience of shareholders, regulators, customers and even the FBI. “I wish I knew more about other industries to say whether he was the worst aerospace CEO or the worst CEO, period.”Under Calhoun’s watch, Boeing’s headaches have multiplied. Ortberg climbed the ranks at Rockwell Collins, an aviation tech supplier, from 1987 to 2013, when he became its CEO. Boeing’s shares rose 2% Wednesday, even after Boeing announced its losses tripled in the second quarter, reflecting Wall Street’s optimism about Ortberg.

Persons: CNN Business ’, Kelly Ortberg, You’ve, that’s, can’t, Ortberg, Dave Calhoun, Richard Aboulafia, “, Boeing didn’t, Steven Mollenkopf, Calhoun “, ”, they’ll, That’s, ” Aboulafia, Robert Clifford, Max, ” Clifford, Chris Isidore, He’s, Rockwell Collins, Ron Epstein, “ Kelly, he’ll Organizations: CNN Business, New York CNN, Corporate, Boeing, Ortberg, FBI, Airbus, Rockwell, Industry, Bank of America, Puget Locations: New York, Corporate America, Seattle, Chicago, Arlington , Virginia

☆ Virgin Atlantic turned its nicest business seats into a 'Retreat Suite' — see inside
▼ + stars: | 2024-07-31 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Virgin Atlantic ordered seven Airbus A330-900neos to complete a $17-billion fleet transformation. The airline has been flying the type since 2022, complete with its exclusive new "Retreat Suite." 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 . AdvertisementEnglish airline Virgin Atlantic Airways revealed the final part of its $17-billion fleet transformation at the Farnborough Airshow in July with an order for seven new Airbus A330-900neos.

Persons: —, Shai Weiss, Virgin's Organizations: Virgin Atlantic, Airbus, Service, Virgin Atlantic Airways, Farnborough, Boeing, Business

☆ Analyst discusses Airbus' sharp drop in second-quarter profits
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses Airbus' sharp drop in second-quarter profitsBen Heelan, head of EMEA aerospace and defense research at BofA, discusses the challenges Airbus is facing.

Persons: Ben Heelan Organizations: Airbus

☆ I went on Air India's brand new Airbus A350 that will soon be flying to the US. I was impressed by the airline's transformation.
▼ + stars: | 2024-07-31 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +1 min

Air India will start flying from Delhi to New York in November. One of its brand-new Airbus A350 jets was displayed at the Farnborough Airshow. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAir India announced in July that it will fly its Airbus A350 jets to Newark and JFK Airports in just a few months. Two years ago, the government sold Air India to the Tata Group conglomerate, and former Scoot CEO Campbell Wilson was hired to lead the transformation.

Persons: —, Campbell Wilson Organizations: Airbus, Farnborough, Service, Air India, JFK Airports, Indian, Air, Tata Group, Business Locations: India, Delhi, New York, Newark, Air India

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