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A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Shanahan, who has served on the company's board since November 2021, will become interim CEO effective immediately, Spirit announced Monday. Spirit said its board will conduct a search to identify a new CEO, while Gentile will stay on as a consultant for three months. Gentile was named Spirit's CEO in August 2016, months after he joined the company as its chief operating officer. Over a 31-year career at Boeing, Shanahan was known as "Mr. Fix-It" for his ability to turn around poorly-performing programs.

Persons: Benoit Tessier, Patrick Shanahan, Tom Gentile, Shanahan, Spirit, Gentile, Richard Aboulafia, Aboulafia, Jim Mattis, Alex Krutz, Abhijith, Valerie Insinna, Shailesh Kuber, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Pentagon, Spirit, Airbus, Patriot Industrial Partners, Aerospace Industries, Thomson Locations: Le Bourget, Paris, France, Kansas, Wichita , Kansas, Bengaluru, Washington

☆ JetBlue files complaint in US against Schiphol flight curbs
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. "In so doing, the Dutch government stands in flagrant violation of the U.S.-EU Air Transport Agreement," JetBlue said in its complaint. The move essentially closed Schiphol to new entrants, JetBlue said. New entrants such as JetBlue are facing a completely closed market and 100% expulsion from the market," the company said. Airlines that use Schiphol including Air France-KLM (AIRF.PA) have sued to try to prevent the cap at one of Europe's busiest airports.

Persons: Benoit Tessier, Bart Meijer, Charlotte Van Campenhout, Mark Potter, Elaine Hardcastle Organizations: JetBlue Airbus, International Paris Air, Le, REUTERS, Rights, U.S, JetBlue Airways, European Union, U.S . Department of Transportation, Schipol, KLM, EU Air, JetBlue, historics, Airlines, Air France, Thomson Locations: Le Bourget, Paris, France, Netherlands, U.S, Schiphol, Amsterdam

☆ Boeing CEO says travel demand recovery is 'more resilient' than he imagined
▼ + stars: | 2023-09-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

A Boeing 777x is displayed during the International Paris Air Show at the ParisLe Bourget Airport, on June 20, 2023. Calhoun said order books and demand for proposals to meet that demand are "as robust as [he's] ever seen in his career." Boeing CEO Dave Calhoun is optimistic about the recovery of travel demand, which he said is stronger than he expected. In May, the World Travel & Tourism Council had forecast that the global travel and tourism sector will not reach full recovery this year. And even if that was the case, it would not be the "worst thing," given travel demand.

Persons: Calhoun, CNBC's, Dave Calhoun, I'm Organizations: Boeing, International Paris Air, Airbus, Tourism Council Locations: ParisLe, China

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Sept 28 (Reuters) - Boeing (BA.N) has agreed to pay $8.1 million to resolve allegations it violated U.S. law by failing to comply with contractual obligations in its production of V-22 Osprey aircraft, the U.S. Justice Department said Thursday. The Osprey is a military aircraft that takes off like a helicopter and then rotates its propellers to fly like a plane. The settlement agreement, which was signed by legal representation for Boeing and the Justice Department, noted that Boeing denied the allegations it was not meeting requirements. A Boeing spokesperson said the company "entered a settlement agreement with the U.S. Department of Justice and the U.S. Navy to resolve certain False Claims Act allegations, without admission of liability."

Persons: Benoit Tessier, Kanishka Singh, Valerie Insinna, Chris Reese, Matthew Lewis, Jamie Freed Organizations: Boeing, Paris, REUTERS, Rights, U.S . Justice Department, Justice Department, U.S . Navy, U.S . Department of Justice, Thomson Locations: Le Bourget, Paris, France, Ridley Park , Pennsylvania, Washington

☆ Airbus nears decision on new planemaking leadership - sources
▼ + stars: | 2023-09-15 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.

Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States

☆ MTU CFO: will talk to Pratt & Whitney about compensation for 700 mln euro cash flow hit
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsBERLIN, Sept 13 (Reuters) - MTU Aero Engines (MTXGn.DE) will talk to U.S. partner Pratt & Whitney about compensation for an estimated 700 million euro hit to its cash flow caused by problems with its partner's geared turbofan engines, the German aircraft engine maker's chief financial officer said on Wednesday. The problems would not markedly affect the current year but will result in a hit to cash flow of about 700 million euros ($751.45 million), which will be felt mainly in 2024 and 2025, with some spillover in 2026, according to CFO Peter Kameritsch. MTU said in a statement earlier on Wednesday that it is considering leaving the "significant resulting charges" on reported revenue and earnings figures for 2023 out of its current year guidance. ($1 = 0.9315 euros)Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Pratt, Peter Kameritsch, Kameritsch, Lars Wagner, Christina Amann, Miranda Murray, Rachel More, Elaine Hardcastle Organizations: International Paris Air, Le, REUTERS, Rights, Aero, Whitney, German, Pratt & Whitney, RTX Corp, Thomson Locations: Le Bourget, Paris, France

☆ Airbus to combine fighter businesses in defence shake-up -sources
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

An Airbus A321 XLR aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 12 (Reuters) - Airbus (AIR.PA) plans to merge two separate fighter businesses as part of a reorganisation of its Defence & Space division, union sources said. Asked about the new combination, which is part of a deeper Defence & Space restructuring codenamed ATOM, an Airbus spokesperson said: "We are currently discussing the details and ideas with our social partners". In July, Airbus Chief Executive Guillaume Faury said a reorganisation in Defence & Space was designed to make the business more agile. Despite a broad increase in overall demand for weapons since the Ukraine conflict began, Airbus Defence & Space is the company's second-biggest activity in terms of revenues but the least profitable, lagging behind jetliners and helicopters.

Persons: Benoit Tessier, Jean, Brice Dumont, Bruno Fichefeux, Guillaume Faury, Faury, Tim Hepher, David Holmes Organizations: Airbus, Paris, REUTERS, Rights, Defence, Space, Military Air Systems, Franco, France's Dassault Aviation, Airbus Defence, Thomson Locations: Le Bourget, Paris, France, Spanish, Ukraine

☆ Airlines, suppliers set to take a hit from RTX's jet engine issues
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A Raytheon Technologies (RTX) logo is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsSept 12 (Reuters) - Airlines and aerospace suppliers are expected to take a hit after RTX Corp (RTX.N) said on Monday 600-700 engines on Airbus A320neo jets need to be inspected for quality issues, which could ground hundreds of aircraft through 2026. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the Pratt & Whitney Geared Turbofan (GTF) engine's core. The presence of those contaminants could lead to cracks in the engine. The following airlines and aerospace suppliers expect to be affected:($1 = 0.8015 pounds)($1 = 0.9317 euros)Compiled by Pratyush Thakur in Bengaluru; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, RTX, Pratyush Thakur, Shounak Dasgupta Organizations: Raytheon Technologies, Paris, REUTERS, Airlines, RTX Corp, Airbus, Pratt & Whitney, Thomson Locations: Le Bourget, Paris, France, Bengaluru

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Repair work that CEO Greg Hayes had initially expected would take 60 days is now projected to last up to 300 days per engine. An average of 350 jets could be grounded per year through 2026, with as many as 650 jets sitting idle in the first half of 2024. Disclosing higher-than-expected gross costs of $6-7 billion for dealing with the problem, RTX said it expected an up to $3.5 billion pre-tax hit to profits over the next several years.

Persons: Benoit Tessier, Pratt & Whitney, RTX, Greg Hayes, Safran, Hayes, Germany's, Robert Stallard, Valerie Insinna, Abhijith, Tim Hepher, Arun Koyyur, Nick Zieminski, Grant McCool Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Pratt &, RTX Corp, Airbus, Pratt, Raytheon, GE, CFM, Boeing, Aero, Germany's Lufthansa, AIRBUS, U.S, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Jefferies, Vertical Research Partners, Thomson Locations: Le Bourget, Paris, France, Clayville , New York, Washington, Bengaluru

☆ MTU sees billion-euro hit to earnings on turbofan woes
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsSept 11 (Reuters) - Problems with the turbofan engines at U.S. partner Pratt & Whitney led MTU Aero Engines (MTXGn.DE) to issue a profit warning on Monday, with measures to rectify the issue expected to deal a billion-euro blow to the German company's earnings. MTU said an expanded inspection of the geared turbofan engines at Pratt & Whitney could result in a hit to revenue and reported EBIT of around 1 billion euros ($1.07 billion) in the current financial year. MTU has an 18% share in the geared turbofan engines, which power Airbus' (AIR.PA) A320neo family of aircraft. Earlier Monday, the U.S. company said it expected a financial burden of $3-3.5 billion as a result of the problems.

Persons: Benoit Tessier, Pratt, Pratt & Whitney, Anna Mackenzie, Rachel More, Friederike Heine, David Evans Organizations: International Paris Air, Le, REUTERS, Whitney, MTU Aero, Pratt &, Pratt & Whitney, RTX Corp, Airbus, U.S ., Thomson Locations: Le Bourget, Paris, France, U.S

The issue also forced RTX to decrease its $9 billion free cash flow goal for 2025 to approximately $7.5 billion. The quality issue relates to a "rare condition" in powder metal used to manufacture engine parts, such as high pressure turbine disks and high-pressure compressor disks, that could result in micro-cracks and fatigue. Pratt & Whitney is also analyzing the impact of the quality issue on other engine models in its fleet, but that impact is expected to be far less, RTX said. The company expects to release a service bulletin in the next 60 days laying out an inspection protocol for high pressure turbine disks and compressor disks. It also plans to add maintenance capacity and increase part output to help mitigate the impact to GTF customers, RTX, said.

Persons: Benoit Tessier, RTX, Pratt & Whitney, Valerie Insinna, Abhijith, Arun Koyyur, Nick Zieminski Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, RTX, Airbus, Raytheon, Pratt &, Thomson Locations: Le Bourget, Paris, France, RTX, Washington, Bengaluru

☆ RTX to take $3 billion charge on Pratt & Whitney engine problem
▼ + stars: | 2023-09-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. RTX said Monday that an engine manufacturing flaw forcing accelerated inspections will hit its pretax results this quarter by $3 billion, sending the company's shares down more than 6% in morning trading. The problem stems from flaws with powder metal used to make some of the popular Pratt & Whitney GTF engines. But it said it expects a $1.5 billion hit to cash flow in 2025, bringing that estimate to $7.5 billion from an earlier estimate of $9 billion. Pratt & Whitney has a 51% share in the GTF PW1000 engine program and the cost will be shared with its partners including Germany's MTU.

Persons: Pratt & Whitney, RTX, Whitney Organizations: Pratt &, International Paris Air, Le, Pratt, Airbus, Raytheon Technologies Locations: Le Bourget, Paris, France

☆ Myanmar receives first shipment of Russia's Su-30 fighter jets - RIA
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

Visitors walk near a model of the Sukhoi Su-30SME multirole fighter at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 23, 2019. REUTERS/Pascal Rossignol/file photo Acquire Licensing RightsSept 10 (Reuters) - Myanmar has received the first shipment of two Russian Su-30 fighter jets, Charlie Than, Myanmar's trade minister, told the Russian RIA state news agency in remarks published on Sunday. "Two aircraft have already been delivered," Than told RIA on the sidelines of the Eastern Economic Forum, Russia's annual forum aimed at developing economic cooperation in the region and encouraging foreign investment, which starts on Sunday in the port of Vladivostok. Russia and Myanmar signed a contract in September 2022 for the delivery of six Su-30SME fighter jets, RIA said. The Sukhoi Su-30SME multi-role fighter jet is designed for enemy's aerial targets engagement, aerial reconnaissance, combat employment and pilot training, according to Rosoboronexport, Russia's state-controlled arms exporter.

Persons: Sukhoi Su, 30SME, Pascal Rossignol, Charlie Than, Min Aung Hlaing, Lidia Kelly, Muralikumar Organizations: International Paris Air, Le, REUTERS, Eastern Economic, RIA, Russian TASS, East Economic, United, Thomson Locations: Le Bourget, Paris, France, Myanmar, Russian, Vladivostok, Russia, Rosoboronexport, Russia's, United States, Melbourne

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The recent supplier problem, discovered late last month, involves fastener holes on the 737 aft pressure bulkhead that were improperly drilled and therefore misaligned or elongated. Spirit AeroSystems (SPR.N), which makes the 737 fuselage, said in August it had corrected the production issue and continues to deliver fuselages to Boeing. Despite continued supplier defects, West said Boeing has no intention of changing its supplier master schedule, which calls for Boeing's supply chain to ramp to a monthly production rate of 50 737s by the 2025-2026 timeframe. Reporting by Valerie Insinna and Abhijith Ganapavaram; Editing by Mark Porter and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian West, West, Valerie Insinna, Mark Porter Organizations: Boeing, Paris, REUTERS, Rights, Thomson Locations: Le Bourget, Paris, France

☆ Spirit AeroSystems CEO says Boeing, Airbus contracts 'not sustainable'
▼ + stars: | 2023-09-07 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/file photo Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - Spirit AeroSystems (SPR.N), a major supplier of parts for jetliners, has asked Boeing (BA.N) and Airbus (AIR.PA) to absorb more of the financial pain caused by inflation that makes its contracts "not sustainable," Spirit CEO Tom Gentile said on Thursday. "And it really is not sustainable for Spirit. So we are having discussions with our customers, with Boeing and Airbus, about these pressures that we're facing and how we address them." Spirit executives first alluded to the need to reopen contract negotiations with Boeing and Airbus in August.

Persons: Benoit Tessier, Tom Gentile, Spirit, Gentile, we've, Valerie Insinna, Pratyush Thakur, Richard Chang Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France, jetliners

☆ Lockheed Martin trims F-35 jet delivery outlook
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

A Lockheed Martin F-35 fighter jet performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSept 6 (Reuters) - U.S. weapons maker Lockheed Martin (LMT.N) on Wednesday cut its delivery outlook for its F-35 jets, and delayed deliveries of its updated Technology Refresh 3 (TR-3) jets. Bethesda, Maryland-based Lockheed added it expects to deliver its first TR-3 jet between April and June next year. The Pentagon had also delayed final delivery acceptance for F-35 jets, leading to a payment delay of about $7 million per jet. In July, the defense contractor had said completion of the software integration testing would likely cause delays to its TR-3 jet.

Persons: Lockheed Martin, Benoit Tessier, Nathan Gomes, Krishna Chandra Organizations: Lockheed, Paris, REUTERS, Pentagon, Thomson Locations: Le Bourget, Paris, France, Bethesda , Maryland, Bengaluru

☆ U.S. FAA updates airworthiness directive on Boeing 777s
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The Federal Aviation Administration's superseding airworthiness directive "was prompted by a report of a crack found in a front spar lower chord," it said in the Federal Register notice. Errors in the earlier directive also "introduced a new unsafe condition related to the application of certain fastener cap seals," it said. Although Boeing intends to revise the bulletin, the FAA issued the new directive as "this work will take longer to accomplish than the risk to public safety allows," the agency said. A Boeing spokesperson said it fully supported the FAA's rule, “which is consistent with guidance we have shared with operators previously.”The FAA did not immediately provide comment.

Persons: Benoit Tessier, Susan Heavey, David Shepardson, Valerie Insinna, Ed Osmond Organizations: Boeing, Paris, REUTERS, Rights, Federal Aviation, FAA, Thomson Locations: Le Bourget, Paris, France

☆ Boeing prepares 737 MAX deliveries to China - Bloomberg News
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsAug 25 (Reuters) - Boeing Co (BA.N) is preparing to restart deliveries of its 737 MAX jets to China after a four-year halt, Bloomberg News reported on Friday, citing people familiar with the matter. "For (737 MAX) deliveries, we will be ready to deliver for our customers when that time comes," Boeing said in a statement. China was the first country to ground Boeing's 737 MAX following fatal accidents, though about 90% of the jets resumed commercial operation in the country in June. Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Nathan Gomes, Krishna Chandra Organizations: Boeing, Paris, REUTERS, Boeing Co, Bloomberg, Thomson Locations: Le Bourget, Paris, France, China, Bengaluru

FILE PHOTO-A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsAug 23 (Reuters) - Boeing (BA.N) has recently identified a new 737 MAX supplier quality problem involving improperly drilled holes on the aft pressure bulkhead, the company said on Wednesday. Boeing said the new problem could delay near-term deliveries and is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Trade publication The Air Current, which first reported on the production flaw, said Spirit AeroSystems (SPR.N) was responsible for the misdrilled holes. The defect is limited to Boeing's bestselling MAX 8 model, and it is unclear how many jets will need to be fixed or how long rework will ultimately take, Boeing said.

Persons: Benoit Tessier, Valerie Insinna, Chris Reese Organizations: Boeing, Paris, REUTERS, Federal Aviation Administration, Thomson Locations: Le Bourget, Paris, France

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Spirit AeroSystems did not immediately respond to a request for comment. After the grounding, Boeing reduced production of the 737 MAX from 52 shipsets per month to 42 but kept purchasing 52 shipsets from Spirit. Spirit reassured investors in October 2019 it would continue to produce 52 shipsets for an extended period. In December 2019, Boeing told Spirit to stop delivering shipsets for the 737MAX.

Persons: Benoit Tessier, AeroSystems, Gilson, Spirit, Nate Raymond, David Shepardson, Jonathan Oatis, Cynthia Osterman Organizations: Boeing, International Paris Air, Le, REUTERS, Spirit, Circuit, Appeals, Federal Aviation Administration, FAA, Securities and Exchange Commission, Thomson Locations: Le Bourget, Paris, France, Denver, Boston, Washington

☆ FAA issues requirement for GTF engine inspections to address high pressure turbine disk issue
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsAug 18 (Reuters) - The Federal Aviation Administration will require some users of Pratt & Whitney's <RTX.> geared turbofan engine to conduct ultrasonic inspections of a key part within 30 days, the agency said in an airworthiniess directive published Friday. The new airworthiness directive codifies the regulator's response to the previously disclosed problem. RTX declined to comment on the directive. Reporting by Valerie InsinnaOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, Valerie Insinna Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp, Airbus, Thomson Locations: Le Bourget, Paris, France

☆ US FAA issues 30-day inspection mandate for Pratt & Whitney GTF engines
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Pratt & Whitney parent RTX Corp RTX.N announced in July that a "rare condition" in powdered metal meant 1,200 of more than 3,000 engines, built for the twin-engined Airbus (AIR.PA) A320neo between 2015 and 2021, have to be taken off and inspected for micro cracks. In an airworthiness directive published on Friday, the FAA requires an ultrasonic inspection of the first- and second-stage high-pressure turbine disks within 30 days. The FAA said the directive, which is effective immediately, affects 20 engines on U.S.-registered aircraft and 202 engines worldwide. Pratt & Whitney issued an instruction to operators on Aug. 4 to expedite inspections of the disks.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, RTX, Valerie Insinna, Matthew Lewis Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp RTX.N, FAA, Thomson Locations: Le Bourget, Paris, France, Washington

An Embraer E195-E2 Profit Hunter aircraft is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier//File PhotoSAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added. The planemaker reported a 25% increase in second quarter adjusted net profit to $57.9 million, more than double the $24.3 million forecast by analysts polled by Refinitiv.

Persons: Benoit Tessier, Francisco Gomes Neto, Gomes Neto, BTG Pactual, Gabriel Araujo, Jason Neely, Barbara Lewis, Sharon Singleton Organizations: Embraer, Hunter, International Paris Air, Le, REUTERS, SAO PAULO, EMBR3, Airbus, Boeing, Refinitiv, JPMorgan, Thomson Locations: Le Bourget, Paris, France

☆ Riyadh Air, Spain's Atlético de Madrid announce multi-year partnership
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Riyadh Air Boeing 787-9 Dreamliner is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File PhotoDUBAI, Aug 10 (Reuters) - New Saudi Arabian airline Riyadh Air and Spanish soccer club Atlético de Madrid announced a multi-year sponsorship agreement in a joint statement on Thursday. As part of the deal, Riyadh Air will become the main sponsor of the Spanish club. "This partnership means a great opportunity to offer better experiences to our fans around the world and I am confident that this alliance with Riyadh Air will take our club to new heights," Atlético de Madrid CEO Miguel Ángel Gil said in the statement. Riyadh Air, which will start flights in 2025, is owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF).

Persons: Benoit Tessier, Miguel Ángel Gil, Tony Douglas, Ahmed Elimam, David Evans Organizations: Riyadh Air Boeing, International Paris Air, Le, REUTERS, Riyadh Air, Atlético de, Madrid, Public Investment Fund, Thomson Locations: Le Bourget, Paris, France, DUBAI, Saudi Arabian, Spanish, Atlético de Madrid, Riyadh, Saudi

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