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☆ Aerospace suppliers flag cash flow warning as jet production hits turbulence
▼ + stars: | 2022-11-18 | by ( Abhijith Ganapavaram | ) www.reuters.com time to read: +2 min

Nov 18 (Reuters) - Aerospace suppliers are staring at the prospect of dwindling cash flow as they struggle with excess inventory due to production challenges at top planemakers Boeing Co (BA.N) and Airbus SE (AIR.PA). Boeing-supplier Spirit AeroSystems Holdings Inc (SPR.N) said earlier this month a "challenging environment" is "putting a lot of pressure on our ability to generate cash". "We've got to carry extra inventory buffers because of supply chain," Spirit's finance chief, Mark Suchinski, had said. An inventory build opens up the possibility that companies may struggle in the event of a downturn but aerospace executives maintain demand is strong. "Our analysis indicates healthy growth in aircraft deliveries even through a severe recession," CFRA Research senior equity analyst Colin Scarola said.

☆ In Burnley, Britain's cost of living crisis hits home
▼ + stars: | 2022-11-15 | by ( Natalie Thomas | ) www.reuters.com time to read: +6 min

[1/6] Keelie Topping shops in the parish of the Church of St Matthew the Apostle in Burnley, England, Britain November 10, 2022. While millions in Britain face a difficult winter, the Centre for Cities think tank says the nearly 95,000 residents of Burnley are most exposed to the shockwaves ripping through the economy. Consumers in Burnley saw prices rise 11.7% in the year to September, the think tank estimates, compared with 10.1% nationally, and 9.1% in London. Britain's exit from the European Union has so far failed to yield economic dividends for places like Burnley. Adrian Pabst, at the National Institute of Economic and Social Research think tank, said the cost of supporting the poorest households did not have to be big.

☆ Virgin Atlantic just flew its first-ever A330-900neo on a brand new route from London to Florida — take a look inside the swanky jet
▼ + stars: | 2022-11-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

"We're calling on all airlines to invest in fleets, and we're doing a big push on sustainable aviation fuels," Weiss said. "There's not enough SAF in the world, let alone the UK, so there is a lot of work to be done in our quest for net-zero by 2050 and 10% SAF by 2030." Fueling Virgin's A330-900neo with SAF before flying to London for delivery.

☆ How United Airlines expects electric planes to change the way passengers make travel decisions
▼ + stars: | 2022-10-28 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

As electric cars and SUVs move toward 5% of the new-car market in the U.S. and 9% globally, few airlines have made any major push toward electric planes. Sustainability plans being pursued by American Airlines , Delta Air Lines and Southwest Airlines barely mention electric planes. "Go back to the 1990s, there were hundreds of small aircraft serving a lot of communities that have now lost service." "There are literally dozens of companies that wouldn't have worked that are now viable startups that you'll hear about United Airlines and United Ventures investing in in the coming months." Most likely, electric planes will serve small markets, hydrogen-powered planes will serve medium-sized passenger loads, and SAF-powered jet engines will serve major cities.

☆ A Bill Gates fund invested $50 million in a startup that's building a massive refinery to turn alcohol into jet fuel
▼ + stars: | 2022-10-21 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

A Bill Gates fund invested $50 million in a startup making sustainable aviation fuel from ethanol. Sustainable aviation fuel is being explored by airlines as a way of making the industry more environmentally friendly. The Soperton facility, known as the Freedom Pines Fuel Plant, is set to begin production in 2023. LanzaJet said the plant would produce nine million gallons of sustainable aviation fuel, and one million gallons of renewable diesel, per year when fully-operational. The company said it will lower emissions by at least 70% compared with conventional aviation fuel.

☆ Private jet makers tout emission-fighting efforts, backlogs at air show
▼ + stars: | 2022-10-17 | by ( Allison Lampert | ) www.reuters.com time to read: +5 min

It will also test the strength of business jet demand, which surged during COVID-19 and swelled order backlogs, but could now face a softer economy. Honeywell International Inc (HON.O) has forecast up to 8,500 new business jet deliveries worth $274 billion from 2023 to 2032, up 15% from last year's outlook. BUSY QUARTERU.S. business jet traffic recovered faster in 2021 than commercial flight traffic, soaring above 2019 levels. Independent aviation analyst Brian Foley expects private jet usage in the United States to go down to more traditional levels this fall. Despite being a sellers' market, aviation attorney Stewart Lapayowker sees some early signs of softness.

☆ Private jet makers tout emissions-fighting efforts, backlogs at air show
▼ + stars: | 2022-10-17 | by ( Allison Lampert | ) www.reuters.com time to read: +4 min

It will also test the strength of business jet demand, which surged during COVID-19 and swelled order backlogs, but could now face a softer economy. BUSY QUARTERU.S. business jet traffic recovered faster in 2021 than commercial flight traffic, soaring above 2019 levels. Independent aviation analyst Brian Foley expects private jet usage in the United States to go down to more traditional levels this fall. Despite being a sellers' market, aviation attorney Stewart Lapayowker sees some early signs of softness. Some buyers in real estate and construction, sectors hit by rising rates, are reconsidering their orders, said Lapayowker, who leads Lapayowker Jet Counsel in Florida.

☆ Oil Refinery Strike Grips France Amid Energy Crisis
▼ + stars: | 2022-10-12 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

Workers on strike outside an Exxon Mobil oil refinery in Port-Jerome-sur-Seine, France, on Wednesday. PARIS—A strike by French refinery workers has choked fuel supplies nationwide, deepening the country’s energy crunch as temperatures drop and Europe grapples with a sharp cut in Russian natural-gas supplies. The CGT, France’s far-left union, decided on Wednesday to continue a strike that has hobbled the country’s refining system. The union also moved to extend the strike to a refinery in Donges on the Atlantic coast owned by TotalEnergies SA. The government on Tuesday ordered employees at a fuel depot owned by Esso -SAF ES, a subsidiary of Exxon Mobil Corp., to return to work, invoking rarely-used legal powers to end strikes.

Companies Honeywell International Inc FollowNEW YORK, Oct 10 (Reuters) - Tech firm Honeywell International Inc (HON.O) will roll out technology that could increase supplies of lower-carbon aviation fuel produced from ethanol, the company said on Monday, as the Biden administration calls for the aviation industry to reduce emissions. Honeywell's technology can increase production efficiency of sustainable aviation fuel (SAF) to lower costs. Oil refiners have been trying to increase production of SAF to try to lower emissions. The new technology would also enable oil refiners and other fuel producers to convert current or idle facilities into SAF production plants, it said. Many producers have chosen to make sustainable aviation fuel from feedstocks with lower carbon-intensity, such as grease and animal fat.

☆ Exclusive: Russia aiming to fly solo without Airbus and Boeing
▼ + stars: | 2022-09-28 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +6 min

"Foreign aircraft will drop out of the fleet," Rostec said in a written response to Reuters questions about its plans and the situation in Russia's aviation industry. "We believe that this process is irreversible and Boeing and Airbus planes will never be delivered to Russia," it said. Russian airlines, including Aeroflot, splurged on Boeing and Airbus aircraft as they sought to rebuild their fleets after the chaos of the 1990s. The MS-21 has been Russia's attempt to break into the main part of the jet market dominated by Airbus and Boeing. Then we will install PD-8 engines on this type of aircraft," Rostec said.

Shell Aviation President Jan Toschka poses during an interview with Reuters on the sidelines of the Asia Pacific Petroleum Conference (APPEC) 2022 conference, in Singapore, September 27, 2022. REUTERS/Isabel KuaSINGAPORE, Sept 27 (Reuters) - Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years, the head of aviation at Shell (SHEL.L) said on Tuesday. SUSTAINABLE AVIATION FUELShell is considering building two more sustainable aviation fuel (SAF) plants in the United States, as it aims for renewable fuel to account for 10% of its global jet sales by 2030, Toschka said. "We will be having more than 2 million tonnes of SAF annually by 2030," he added. Aviation, accounting for 3% of the world's carbon emissions, is one of the most difficult forms of transportation to decarbonise.

☆ How the airline industry plans to wean itself off one billion tons of carbon emissions
▼ + stars: | 2022-09-24 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +9 min

But Taylor has nothing on the airline industry, whose annual CO2 emission is pushing one billion metric tons. Airlines have completed test flights with sustainable aviation fuels, and the deals with sustainable aviation fuel producers have started to accumulate. American is the first airline globally to receive validation from the Science Based Targets initiative for its intermediate GHG emissions reduction targets and the only U.S. airline to report using more than 1 million gallons of sustainable aviation fuel in 2021. From ethanol, Gevo then processes further into a product that is chemically identical to standard aviation fuel. Judged against the standards of its own industry, American remains a leader in carbon reduction efforts.

☆ Supersonic jet startup Boom's future is in doubt after every major jet-engine maker refuses to help
▼ + stars: | 2022-09-18 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Travel analyst Henry Harteveldt told Insider that Boom may build its own engine, which could be advantageous. However, Rolls-Royce told AIN Online in early September that it has since left the table. "We've completed our contract with Boom and delivered various engineering studies for their Overture supersonic program," Rolls-Royce said. "As a practice, we avoid commenting on any ongoing and confidential negotiation with our suppliers, until both sides are ready to announce jointly," Boom told Insider on Friday. "However, we can reconfirm our intention to announce Boom's selected engine partner and transformational approach for reliable, cost-effective, and sustainable supersonic flight, later this year."

☆ Airbus urges European leaders to refrain from Russian titanium sanctions
▼ + stars: | 2022-04-12 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. "Sanctions on Russian titanium would hardly harm Russia, because they only account for a small part of export revenues there. In March, Airbus said it "is directly sourcing titanium from Russia as well as from other countries" and indirectly acquiring Russian titanium via suppliers. On Tuesday, it reaffirmed this in answer to a Reuters query but declined to say when it had last received Russian titanium. Last month, Boeing said it had suspended buying Russian titanium.

☆ Delta Sustainability Chief Discusses Cutting Airline’s Footprint and Shift Away From Offsets
▼ + stars: | 2022-03-31 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +11 min

Delta recently appointed company veteran Amelia DeLuca as its chief sustainability officer. Amelia DeLuca, Delta Air Lines’ chief sustainability officer Photo: Rank StudiosWSJ Pro: Where were you in December 2015 when the Paris climate accord was signed? That gave me clarity of what my role is: that we’ve got to get a running start on this. WSJ Pro: How do carbon offsets fit into what you’re doing at Delta? The second thing is really trying to understand how you connect your sustainability agenda to everyone throughout your company.

Persons: Amelia DeLuca, DeLuca, we’ve, There’s, I’ve, ? DeLuca, doesn’t, we’re, We’ve, it’s, Rochelle Toplensky Organizations: Delta Air Lines, Delta, Lines, Nations, WSJ, Air, Business, SAF, Airbus, Boeing, Delta Air, Rochelle, rochelle.toplensky@wsj.com Locations: Delta, Paris, Atlanta, Southern U.S, Netherlands, Mexico City, United States, Nations

Boeing's production plans shift and are influenced by many factors, the people cautioned. Suppliers are grappling with labor and materials shortages and weakened balance sheets following the overlapping pandemic and 737 MAX safety grounding crises. Boeing said in late January it was working to clear an inventory of 335 737 MAX airplanes amassed following two fatal crashes of the jet that grounded the plane for 20 months. Boeing declined to comment on its production plans and referred to its last public statements. A rate of 47 aircraft per month is five shy of its build rate in 2019, when the 737 MAX was grounded.

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