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☆ Boeing expects 787 suppliers to catch up by year's end, restoring output
▼ + stars: | 2024-07-21 | by ( ) www.cnbc.com time to read: +3 min

Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year's end. Earlier this year, Boeing lowered 787 output to allow "suppliers to catch up with us," a company executive told reporters during a June visit to its sprawling 777 widebody factory in Everett, Washington State. Boeing has said it would restore 737 output to around 38 by the year's end after production of its strongest-selling jet plummeted. Boeing halted deliveries of the 787 widebody jet for more than a year until August 2022 as the FAA investigated quality problems and manufacturing flaws. The planemaker, nevertheless, is eyeing higher Dreamliner production, after setting a target rate of 10 a month for the Dreamliner in the 2025-2026 timeframe at its 2022 investor day.

Persons: Scott Stocker, Stocker Organizations: Boeing, Airbus, Farnborough, Reuters, U.S . Federal Aviation Administration, FAA Locations: Everett , Washington State, South Carolina

☆ Boeing 'disappointed' customers but is on the path to 'transformational change,' commercial jet CEO says
▼ + stars: | 2024-07-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Pope said Boeing is on the right path to improving its manufacturing quality, safety and predictability of deliveries, a "transformational change" that she said will take years. "It still doesn't take away the reality that we've disappointed" our customers, she said at a press conference before the Farnborough Airshow, outside of London. "This plan is not a three month plan," said Pope. As part of the leadership shakeup that promoted Pope to head the commercial unit, Boeing's CEO Dave Calhoun said he would step down by year's end. Boeing reports quarterly results on July 31 and is set to report charges from that unit, Colbert said at the same press conference.

Persons: Stephanie Pope, Max, Pope, haven't, Dave Calhoun, Ted Colbert, Colbert Organizations: Boeing, MAX, LONDON, Federal Aviation Administration, Farnborough, FAA, Air Force One Locations: Renton , Washington , U.S, London

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ Boeing rival Airbus is set to launch its game-changing A321XLR plane this year. Here's where it's expected to fly.
▼ + stars: | 2024-07-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.

Persons: —, Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur

☆ Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +1 min

Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington. The results released Tuesday compared unfavorably with Europe's Airbus, which reported orders for 27 new planes in May. Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three. The dismal results followed poor figures for April, when Boeing reported seven sales — none of them for the Max. Despite the slow pace of recent sales, Boeing still has a huge backlog of more than 5,600 orders.

Persons: —, Aerolineas, Max Organizations: Boeing, Airbus, Federal Aviation Administration, Alaska Airlines Max, Ryanair, Alaska Airlines Locations: Renton , Washington, Arlington , Virginia

☆ Ukraine's getting more longe-range missiles that leave the Russians with 'nowhere to hide'
▼ + stars: | 2024-05-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

The number of missiles isn't publicly known, but ATACMS missiles average about $1.3 million each. These air-dropped missiles can fly at low altitudes to avoid detection and have been used to strike Russian naval headquarters and vehicle-repair depots in the occupied Crimean peninsula. The arrival of Storm Shadow missiles — and, several months later, ATAMCS — presented new challenges for Moscow, but Ukraine has received so few it has had to bee choosy over what to target. Indeed, Kyiv has used the American missiles in recent weeks to strike Russian airfields and troop gatherings. Missiles like ATACMS and Storm Shadow "will enable Ukraine to neutralize Russia's advantages and eventually enable them to regain the initiative," he added.

Persons: —, Ben Hodges, John Hamilton The, Jake Sullivan, Grant Shapps, Ben Stansall, Dan Rice, you've, Rice, ATAMCS —, Serhii, Hodges, Moscow's, Jack Watling, Watling Organizations: Service, US, Business, US Army, Army Tactical Missile System, White, MGM, Tactical Missile Systems, Biden administration's, Republicans, Congress, Kyiv, General Staff, Ukrainian Armed Forces, Storm, Shadow, Farnborough, American University Kyiv, Artillery Rocket Systems, Getty, Missiles, Russian Defense Ministry, Royal United Services Institute Locations: Ukraine, New Mexico, Washington, Kyiv, Ukrainian, Italy, France, Crimean, Russia, Russian, Moscow, Donetsk Oblast, Berlin, Avdiivka, Anadolu, Kharkiv

☆ US Air Force's F-22 Raptors lost to German Eurofighters in mock dogfights, but the verdict on the superior jet isn't as simple
▼ + stars: | 2024-05-14 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +29 min

German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.

Persons: …, Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American

☆ Here's how the UK's aerospace businesses are taking off with the help of government funding
▼ + stars: | 2024-03-25 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

As part of this initiative, the Aerospace Technology Institute program will provide support for R&D projects through 2030. This commitment extends the Aerospace Technology Institute (ATI) program until 2030, which supports mid-stage research and development projects led by industry. Another recipient of the ATI program funding is Vertical Aerospace, the UK's pioneer of electric aviation. Smaller businesses reap the benefits of funding programsA key focus of the program is funding projects by SMEs. The UK's long-term vision for civil aerospace is developed through the Aerospace Growth Partnership (AGP), which is a strategic partnership between the UK government, industry, and academia to secure the future of UK Aerospace.

Persons: Paul Griffiths, Dominic Weeks, ZeroAvia, Stuart Simpson, Simpson, Sylatech, Gordon Gunn, MeltX, Griffiths Organizations: Aerospace Technology Institute, ATI, Aerospace, UK Department for Business, Trade, Dornier, ZeroAvia Investment, Cranfield University, Alloyed, University of Sheffield, Aerospace Growth, UK Aerospace, Farnborough, Manufacturing, Insider Studios, UK's Department for Business Locations: North Yorkshire

☆ Qatar Airways to launch First Class, as airline courts Airbus and Boeing for new planes
▼ + stars: | 2024-03-15 | by ( Dan Murphy | ) www.cnbc.com time to read: +3 min

Al Meer confirmed to CNBC that Qatar Airways is now developing a high-yielding First Class concept for its cabins. Along with preparing its First Class proposal, Qatar Airways is redesigning its premium "Q-Suite" class of seats, and the latest offering is set to debut at the Farnborough International Airshow in July. A Qatar Airways Boeing 777 In New York. Leslie Josephs | CNBCThe new aircraft order proposal follows a major legal dispute between Qatar Airways and Airbus over safety concerns caused by paint degradation. Al Meer also said Qatar Airways would halt Al Baker's plans for a fast "phase-out" of the flagship Airbus A380.

Persons: Badr Mohammed Al Meer, Al Meer, Qatar's, Akbar Al Baker, Leslie Josephs, Max, Al Baker's Organizations: Qatar Airways, Boeing, Airbus, CNBC, International Airport, Farnborough, Qatar, Qatar Airways Boeing, Rival Emirates Locations: Al, China, India, Australia, Japan, Korea, New York

LONDON (AP) — Climate activist Greta Thunberg joined a march in southern England on Saturday to protest the use of private jets and the expansion of an airport. Hundreds of local residents and activists holding banners and placards that read “Ban Private Jets" marched to Farnborough Airport, which mostly serves private aircraft. Groups working to fight climate change, including the organizer of Saturday's protest, Extinction Rebellion, say private jets are much more polluting than commercial passenger airliners. “It is clear that private jets are incompatible with ensuring present and future living conditions on this planet," Thunberg said in a video that Extinction Rebellion posted on social media. ___Follow AP's coverage of climate change at https://apnews.com/climate-and-environment.

Persons: Greta Thunberg, Thunberg, We're Organizations: —, Jets, Farnborough Airport, Farnborough, Energy Intelligence Locations: England, Hampshire County, London, Swedish

☆ Boeing urges inspections of 737 Max planes for 'possible loose bolt'
▼ + stars: | 2023-12-28 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Boeing is urging airlines to inspect 737 Max planes to look for a "possible loose bolt" in the rudder control system, the latest quality issue to affect the manufacturer's bestselling jetliner. The inspections will take about two hours per plane, and all new 737 Maxes will undergo the check before they're handed over to customers, Boeing said. "Out of an abundance of caution, we are recommending operators inspect their 737 MAX airplanes and inform us of any findings. A spokeswoman for United Airlines , one of the biggest 737 Max customers, said the carrier doesn't expect any impact to its operations as a result of the issue.

Organizations: Boeing, Farnborough, Federal Aviation Administration, Alaska Airlines, United Airlines, Max, American Airlines, CNBC PRO Locations: Farnborough, Britain

☆ US FAA tightens aircraft certification oversight after Boeing MAX crashes
▼ + stars: | 2023-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The FAA said Tuesday it was also issuing additional guidance to airplane manufacturers on how to identify safety-critical information and said both new steps will "improve aircraft certification safety." A U.S. House of Representatives report said Boeing failed to classify MCAS as a safety-critical system, which would have attracted greater FAA scrutiny during the certification process, and said the "FAA failed in its oversight of Boeing and its certification of the aircraft." The FAA is still considering whether to certify two additional variants of the MAX - the smaller MAX 7 and larger MAX 10. Last year, the FAA granted Boeing a shorter regulatory compliance program extension than the planemaker sought, so it can ensure the company implements "required improvements."

Persons: Peter Cziborra, David Shepardson Organizations: Boeing, Max, Farnborough, REUTERS, Rights, Federal Aviation Administration, FAA, Airbus, U.S . House, MCAS, Thomson Locations: Farnborough, Britain

☆ Take a look at the military planes, helicopters, and missiles Russia put on display at the Dubai air show – if you knew where to find them
▼ + stars: | 2023-11-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Russia is banned from most of the world's major air shows, like the leading ones in Paris and Farnborough. But it showed off its military aircraft and a new missile at this month's Dubai Air Show. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since its invasion of Ukraine began in February 2022, Russia has been banned from most air shows like the leading Paris and Farnborough ones. AdvertisementSo the Dubai Airshow gave Business Insider the rare chance to see some Russian military aircraft, missiles, and model spacecraft in person.

Persons: —, Rafael Organizations: Dubai Air, Service, Dubai Airshow, IAI, Farnborough Locations: Russia, Paris, Farnborough, Dubai, Ukraine

☆ 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

☆ Britain's aviation regulator increases air traffic control charges
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

General view of planes on the tarmac at Farnborough Airport, in Farnborough, Britain March 9, 2022. REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Britain's aviation regulator said on Thursday it would increase the amount airlines can be charged for air traffic control services to help national provider NATS recoup costs incurred during the COVID-19 pandemic. Airline executives last week called for new rules on passenger compensation in the event of such disruption. The average cost of UK air traffic services per passenger per flight would go up by 43 pence on average, to approximately 2.08 pounds, the CAA said. The process of raising price controls began before the NATS outage and is unrelated to the review and investigation into the glitch, it added.

Persons: Henry Nicholls, NATS, Joanna Plucinska, Kylie MacLellan Organizations: Farnborough Airport, REUTERS, Civil Aviation Authority, CAA, Thomson Locations: Farnborough, Britain, Europe

☆ Boeing, Spirit expand inspections for 737 MAX production defect
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File Photo Acquire Licensing RightsOct 12 (Reuters) - Boeing (BA.N) and Spirit AeroSystems (SPR.N) have expanded the scope of their ongoing inspections of a production defect affecting 737 Max 8 aircraft, Boeing said on Thursday. The planemaker in August identified a new quality problem with its popular 737 MAX aircraft involving supplier Spirit that resulted in improperly drilled holes on the aft pressure bulkhead made using an automated drill. Spirit said it continues working closely with Boeing to address rework related to the aft pressure bulkhead. Deliveries of Boeing's best-selling 737 MAX fell in September to the lowest level since August 2021 as it continues struggling with work needed to correct the manufacturing defect.

Persons: Peter Cziborra, Max, Brian West, Shivansh, David Shepardson, Valerie Insinna, Shilpi Majumdar, Chris Reese Organizations: Boeing, Farnborough, REUTERS, Federal Aviation Administration, The, FAA, Reuters, Thomson Locations: Farnborough, Britain, Bengaluru, Washington

☆ Boeing 737 MAX monthly deliveries fall to lowest since 2021
▼ + stars: | 2023-10-10 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. Boeing is inspecting and fixing thousands of holes that were drilled wrong on the 737 MAX aft pressure bulkhead. While new orders improved sharply, the largest U.S. planemaker said deliveries in September fell to 15 737 MAX planes, 10 787s and two 777s, for a total of 27 deliveries. The monthly number of MAX 8 and MAX 9 deliveries was the fourth-lowest since deliveries resumed in December 2020 after a worldwide grounding following two MAX crashes in 2018 and 2019 that killed 346 people. The planemaker said in July the first delivery of the 737 MAX 7 had been delayed to 2024.

Persons: Peter Cziborra, planemaker, David Shepardson, Tim Hepher, Nick Zieminski, David Gregorio Our Organizations: Boeing, Farnborough, REUTERS, Rights, United Airlines, Air Canada, Airbus, Carriers, Federal Aviation Administration, Thomson Locations: Farnborough, Britain, U.S

The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra Acquire Licensing RightsSHANGHAI, Sept 20 (Reuters) - Boeing (BA.N) on Wednesday slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel. The U.S. planemaker said Chinese airlines would need 8,560 new commercial planes through 2042, up from 8,485 in its previous forecast last year. "As China's economy and traffic continue to grow, Boeing’s complete line-up of commercial jets will play a key role in helping meet that growth sustainably and economically." Boeing has about 85 MAX jets in inventory for Chinese customers and 55 MAXs originally slated for Chinese airlines have been remarketed, the company said in July.

Persons: Peter Cziborra, planemaker, Darren Hulst, Brenda Goh, Jacqueline Wong, Jamie Freed Organizations: Boeing, Farnborough, REUTERS, Rights, Reuters, U.S, Thomson Locations: Farnborough, Britain, China, U.S

☆ Chinese EV major BYD's partnerships in Southeast Asia
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Nick Carey/File Photo Acquire Licensing RightsSept 19 (Reuters) - Chinese electric vehicle frontrunner BYD (002594.SZ) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates. Here are details about some of its regional partners: MALAYSIA & SINGAPOREBYD cars are sold by Sime Darby Motors, the automotive arm of Malaysian trading and logistics giant Sime Darby (SIME.KL), in two of the region's wealthiest countries. The partnership started in 2019 when Sime Darby Motors began distributing BYD EVs in Singapore, where it now has a dealership network of seven outlets. Sime Darby Motors took on the distributorship for Malaysia in 2022 and currently has nine dealerships nationwide, with another 12 in the pipeline, the company said. INDONESIAIndonesia's Bakrie & Brothers (BNBR.JK), which is focused on the manufacturing and infrastructure sector, is a distributor for BYD's EV buses in Southeast Asia's largest economy.

Persons: Nick Carey, Sime Darby, Darby, Sime Darby Motors, BYD, INDONESIA Indonesia's, Devjyot, Jamie Freed Organizations: REUTERS, MALAYSIA, SINGAPORE, Sime, Sime Darby Motors, THAILAND Rever, EV giant's, Siam Motors Group, PHILIPPINES AC Motors, Ayala Corp, BYD's, Thomson Locations: Farnborough, Britain, Southeast, Singapore, Malaysia, THAILAND, BYD, Thailand, PHILIPPINES, Philippines, INDONESIA, Asia's, Jakarta, VKTR, Bangkok

☆ British defence firm BAE sets up Ukrainian base
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. As the UK's biggest defence contractor, BAE has manufactured much of the equipment that Britain and other governments have provided to Ukraine as it fends off Russia's invasion. Britain is a key defence supplier for Ukraine and in May became the first country to start supplying Kyiv with long-range cruise missiles. BAE, which has benefited from increased defence spending as a result of the conflict, is already providing training and repair services to Ukraine's armed forces. Western defence companies have been weighing opportunities to make weapons in Ukraine against the possible security risks, Reuters reported in June.

Persons: Toby Melville, Volodymyr Zelenskiy, Charles Woodburn, Zelenskiy, BAE's Woodburn, Muvija, Sarah Young, Sachin Ravikumar, Frances Kerry Organizations: BAE Systems, REUTERS, BAE, Reuters, Thomson Locations: Farnborough, Britain, Ukraine, Kyiv, Ukrainian, Sweden, Swedish

☆ Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
▼ + stars: | 2023-08-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half profit. Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit for the first half of the year — that's net earnings of 10.95 billion yuan ($1.50 billion) in the January to June period, compared to 3.59 billion yuan a year earlier. Hong-Kong listed shares of the automaker rose 5.6% while stocks in Shenzhen were up as much as 4.75% on Tuesday. Revenue in the first six months increased 72.72%, compared to the first half of 2022, according to the stock filing. "BYD is targeting mass market where Tesla cannot reach," said Vivek Vaidya, associate partner at Frost & Sullivan, on CNBC's "Street Signs Asia" Tuesday.

Persons: BYD, Jiong Shao, China's, Tesla, Vivek Vaidya, Frost & Sullivan, Vaidya Organizations: British, Farnborough International Exhibition, Kong, Barclays, Frost &, Tesla Locations: Farnborough, England, China, Shenzhen

☆ 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

☆ Factbox: India's measures targeting Chinese products and investment
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Relations between the countries have deteriorated since mid-2020, when Chinese and Indian troops clashed on their disputed Himalayan frontier and 24 people were killed. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China. Here are some other Chinese trade and investment ventures affected by Indian measures since 2020:INVESTMENT PLAN BY BYDChina's BYD (002594.SZ) told its India joint-venture partner last month it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi. It has led to billions of dollars in proposed investment getting stuck in the approval process over the last 3 years. Reporting by Aftab Ahmed Editing by William Mallard and Helen PopperOur Standards: The Thomson Reuters Trust Principles.

Persons: Nick Carey, Xiaomi, China's Tencent, Aftab Ahmed, William Mallard, Helen Popper Our Organizations: REUTERS, Wall, Krafton Inc, South, HK, Thomson Locations: Farnborough, Britain, India, China, New Delhi, HK, South Korean

REUTERS/Nick Carey/File PhotoNEW DELHI, July 14 (Reuters) - China's BYD Co (002594.SZ) has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. The longer-term plan is to build a full line-up of BYD-brand EVs in India from hatchbacks to luxury models, one of the three people said. BYD, the world's largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. If the India investment is approved, it would give BYD a presence in all major global car markets with the exception of the United States. The investment proposal also includes a plan by BYD and Megha to set up charging stations in India and build research and development and training centres, the sources said.

Persons: Nick Carey, BYD, Tesla, EVs, Sarita Chaganti Singh, Aditi Shah, Zoey Zhang, Shivangi Acharya, Kevin Krolicki, Jacqueline Wong Organizations: REUTERS, Reuters, BYD, Shivangi, Thomson Locations: Farnborough, Britain, DELHI, India, Hyderabad, hatchbacks, United States, New Delhi, Shanghai

☆ Storm Shadows are a threat to Russian forces in Ukraine, but busted missile remains may offer lessons for Moscow's military
▼ + stars: | 2023-07-11 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

UK-provided Storm Shadows are a new threat to Russian forces operating in Ukraine. Russian forces recently claimed to have recovered a downed missile. The recovered Storm Shadow could hold clues for the Russian military, but there's a question of whether they can learn from them. A Storm Shadow missile is prepared for loading to a Royal Air Force Tornado GR4 aircraft in the Gulf in support of Operation TELIC, March 21, 2003. Throughout the fight in Ukraine, Russian forces have had to learn lessons, but it's often a grinding and costly process.

Persons: Storm, Ben Stansall, Ian Williams, Williams, TELIC, Cpl Mark Bailey, that's, Ben Wallace, it's, there's Organizations: Service, Shadow, Storm, Farnborough, Missile Defense, Center for Strategic, International Studies, Russia, Royal Air Force Tornado, REUTERS, ASA, Su Locations: Ukraine, Russian, Wall, Silicon, Russia, Zaporizhzhia, Moscow, France

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