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☆ A US startup wants to use a new kind of plane engine to propel a jet carrying 12 passengers from LA to Tokyo in an hour
▼ + stars: | 2023-07-11 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Venus Aerospace is a US startup developing a Mach 9 hypersonic jet known as Stargazer. The ultra-speedy plane would carry up to 12 people and fly some 5,000 miles in just one hour. Insider spoke with Venus' co-founders to learn about the recent developments and the obstacles ahead. The last time humans witnessed supersonic travel was the legendary Concorde, which operated from 1973 to 2003. Denver-based Boom Supersonic is leading the pack with its faster-than-sound Overture jet, already securing over 100 orders from United Airlines, Japan Airlines, and American Airlines.

Persons: Venus, Sassie Duggleby, Andrew Duggleby Organizations: Venus Aerospace, Morning, Concorde, United Airlines, Japan Airlines, American Airlines, Paris Airshow Locations: New York, London, Denver, Georgia, Texas

☆ Qatar Airways has unveiled its first $75 million Gulfstream G700 private jet as it caters to elite customers — take a look inside
▼ + stars: | 2023-07-09 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Qatar Airways Executive unveiled its first Gulfstream G700 private jet at the Paris Airshow in June. Insider toured the plane during the airshow to see what Qatar's most elite customers can expect. But, unbeknownst to many travelers, the Doha-based carrier also runs a private arm known as Qatar Executive. Qatar is the international launch customer for the $75 million G700, having unveiled the first of 10 on order at the Paris Airshow in June. Insider toured the new G700 at the show to see what customers can expect onboard — take a look inside.

Organizations: Qatar Airways Executive, Gulfstream G700, Paris Airshow, Qatar Airways, Qatar Executive, Gulfstream, Bombardier, Airbus Locations: Doha, Qatar

☆ Airbus to handle some A380 repairs after wing-spar cracking
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Work on a dedicated "A380 Emirates" inspection facility in the building began in December and the project is due to run until third quarter 2024, according to Force Ouvriere union. "We are supporting inspections on some aircraft in Toulouse," an Airbus spokesperson said. Ground time per jet will depend on findings and repairs, but is "estimated to average about 60 days," the spokesperson added. Airbus data on Friday showed that total orders for the A321neo had topped 5,000 units to become its most-sold model.

Persons: Benoit Tessier, Jean, Luc Lagardere, backdated, Tim Clark, Tim Hepher, David Evans Organizations: Airbus, Paris, REUTERS, Emirates, Engineering Centre, Boeing, Thomson Locations: Le Bourget, Paris, France, PARIS, Toulouse, Emirates

☆ Airbus books record India orders, confirms higher deliveries
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] An Air India Airbus A320-200 aircraft takes off as an IndiGo Airlines aircraft waits for clearance at the Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, July 7, 2017. Picture taken July 7, 2017./File PhotoPARIS, July 7 (Reuters) - Record demand from India sharply increased Airbus (AIR.PA) orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo (INGL.NS) and 250 from Air India that were announced or finalised at last month's Paris Airshow. Airbus gross orders before cancellations stood at 1,080 aircraft in the first half. By comparison, Airbus won 442 orders or a net total of 259 after cancellations in the first half of 2022.

Persons: Vallabhbhai, Tim Hepher, Jason Neely Organizations: An Air, An Air India Airbus, IndiGo Airlines, Airbus, Air, Boeing, Air India, Paris Airshow, Aerospace, Thomson Locations: An Air India, Ahmedabad, India, Air India

MEXICO CITY, July 5 (Reuters) - Mexican airline Viva Aerobus has signed a memorandum of understanding to purchase 90 Airbus A321neo aircraft, the carrier said on Wednesday, in a deal likely worth several billion dollars. The companies did not name a price for the aircraft, and Airbus no longer publishes catalog prices. The agreement brings Viva's order book up to 170 Airbus aircraft, the carrier said in a statement, all part of the A320 family. In April, Viva signed an agreement with SAF producer Neste (NESTE.HE) to purchase 1 million liters of the fuel. Viva said the aircraft order would drive both domestic and international growth plans, taking into account that Mexico is expected to recover a U.S. air safety rating in coming months.

Persons: Pratt, Whitney, Viva, Neste, Aeromexico, Volaris, Kylie Madry, Raul Cortes, Tim Hepher, Bill Berkrot Organizations: MEXICO CITY, Viva Aerobus, Airbus, Paris Airshow, Whitney, Pratt, SAF, U.S . Federal Aviation Administration, U.S, Allegiant, Thomson Locations: MEXICO, Mexico, U.S

☆ Boeing converted its 767 airliner into a military tanker that can refuel other planes midair — meet the KC-46A Pegasus
▼ + stars: | 2023-07-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Boeing's newest military tanker is the KC-46A Pegasus, which can refuel other planes in midair. Boeing is one of the world's leading defense manufacturers providing advanced military aircraft for the US armed forces and allied nations. While Boeing's defense arm is military-focused, it has used its commercial planes as a blueprint for production. One of its biggest — yet controversial — jets is the KC-46A Pegasus aerial refueling tanker, which was derived from the Boeing 767 widebody airliner. The Pegasus is Boeing's newest air refueler, having started production in February 2011 and sending its first to the US Air Force in January 2019.

Organizations: KC, US Air Force, USAF Pegasus, Paris Airshow, Boeing, Department of Defense, Pegasus, USAF

REUTERS/Amit Dave/File PhotoPARIS/DELHI, June 28 (Reuters) - Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace. "We deserve a piece of that pie," added Sardessai, whose company makes engine and plane interior parts. While he could not estimate how much small suppliers will benefit, any subsidy or incentive could be helpful. AEROSPACE INCENTIVESSome suppliers like Sardessai and Aravind Melligeri, CEO of aerospace-parts producer Aequs, said India should create a production-linked incentive scheme for aerospace as it has done with other sectors.

Persons: Vallabhbhai, Amit Dave, Shekhar Sardessai, Safran, Alaric Diniz, Aravind Melligeri, Aequs, Narendra Modi's, Japan's Suzuki, Sachin Agarwal, Agarwal, Sardessai, Ankit Patel, Patel, Allison Lampert, Aditi Shah, Ben Klayman, Matthew Lewis Organizations: An Air, An Air India Airbus, International Airport, REUTERS, Air, IndiGo, Reuters, Kineco Group, Deloitte, Indian, Apple, Japan's, Hyundai, PTC Industries, PTC, Electric, Airbus, Boeing, Thomson Locations: An Air India, Ahmedabad, India, PARIS, DELHI, Indian, China, Air India, Paris, Goa, KS, Uttar Pradesh, Russian, Bengaluru, Europe, Delhi

☆ Top 10 things to watch in the stock market Wednesday, including a Nvidia decline
▼ + stars: | 2023-06-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Handful of price target bumps on Snowflake (SNOW) following the company's investor day. Canaccord also catching up on its price target, cutting it to $720 per share from $953. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: MoffettNathanson, Oppenheimer, Mills, downgrades, Canaccord, Wolfe, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Street Journal, Nvidia, Walgreens Boots Alliance, Deutsch Bank, Barclays, JPMorgan, Club, Nike, Electric, GE, Paris Airshow, CNBC Locations: China, downgrades, Wells Fargo, Wells

The world's third-largest aircraft maker after Airbus (AIR.PA) and Boeing (BA.N), Embraer bagged 13 fresh orders for commercial jets at the Paris Airshow, falling short of market estimates and previous years' levels. The 13 new orders compared with 74 secured at Le Bourget in 2019 and 28 in Farnborough last year. They also lagged some upbeat market forecasts, including expectations by JPMorgan analysts for at least 30 orders. In Paris, investors were especially disappointed by the lack of orders from the booming Indian airline market, which handled an all-time-high 500-plane transaction to Airbus and new orders to Boeing. "We believe that most of the pre-event excitement has already been adjusted in share prices," said XP Investimentos, while also rates Embraer a "buy."

Persons: Le Bourget, Gabriel Araujo, Conor Humphries, Leslie Adler Organizations: SAO PAULO, Embraer, EMBR3, Airbus, Boeing, Paris, Le, JPMorgan, American Airlines, Royal, Salam Air, Thomson Locations: China, Farnborough, U.S, Paris, Royal Jordanian, New York

PARIS, June 22 (Reuters) - The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offered some respite for suppliers as air travel springs back sharply from the pandemic. The industry returned to Le Bourget with high expectations of commercial orders and low expectations regarding the supply chain, but generated a more balanced picture on both fronts. Announced orders reached near-record levels but were heavily dominated by two airlines leading the charge in India, the world's fastest growing market: IndiGo (INGL.NS) and Air India. A key focus of the show was how those planes will be produced after the pandemic disrupted supply chains. Several major companies said they had built up more buffer stocks and were seeing signs of improvement in supply chains.

Persons: Le Bourget, Christian Scherer, Pieter Elbers, Sash Tusa, Tim Hepher, Mark Potter Organizations: Air India, Airbus, Boeing, IndiGo, Aero Systems, Agency Partners, Thomson Locations: Paris, India, COVID, Ukraine

[1/5] 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. REUTERS/Benoit TessierSummarySummary Companies Pratt & Whitney sees 'solid progress' in supply chainSays groundings of GTF-powered fleet peaked in H1Airbus eyes post-show deal for 90 jets with Viva AerobusBoeing signs deals with Akasa Air and LuxairPARIS, June 21 (Reuters) - Jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow. Pratt & Whitney President Shane Eddy, who has faced a backlash from airlines over durability problems and a shortage of spare engines, told the air show he was seeing "solid progress" in the supply chain. The European company, and U.S. rival Boeing, continued to sign new deals at the air show. Reporting by Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt & Whitney, Benoit Tessier, Shane Eddy, Planemakers, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Pratt &, International Paris Air, Le, REUTERS, Viva, Boeing, Akasa Air, Luxair, Jet, Pratt, Whitney, Paris Airshow, Reuters, Airbus, Viva Aerobus, Air India, Raytheon Technologies, Aircraft, Airbus A330neo, Thomson Locations: Le Bourget, Paris, France, Luxair PARIS, Mexican, India

☆ Airbus fills more than 7,000 of 13,000 positions targeted in 2023
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 21 (Reuters) - Airbus (AIR.PA) has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, the European planemaker said on Wednesday. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding back plans to ramp up aircraft production needed to meet soaring travel demand. Airbus said it had filled more than 7,000 positions so far. Of the 7,000-plus hires, 29% are aged 28 or below, a trend that Baril expects will continue through year’s end, he told Reuters in an interview. Reporting by Allison Lampert Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: planemaker, Thierry Baril, “, ”, Allison Lampert, Mark Potter Organizations: Airbus, Paris Airshow, Reuters, Thomson

☆ Pratt & Whitney sees supply chain progress
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 21 (Reuters) - Pratt & Whitney is seeing "solid progress" in the aerospace supply chain after bottlenecks caused by the pandemic, Shane Eddy, president of engine maker Pratt & Whitney, said at the Paris Airshow on Wednesday. The Raytheon Technologies (RTX.N) subsidiary, which has faced a backlash from airlines over durability problems and a shortage of spare engines, has the capacity in place to support maintenance demand but faces shortages of materials, he added. Reporting by Tim Hepher, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Whitney, Shane Eddy, Tim Hepher, Louise Heavens Organizations: Pratt, Paris, Raytheon Technologies, Thomson

☆ Podcast: Biden provokes Beijing, now what?
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

China hits back after Joe Biden compared Xi Jinping to a “dictator”. The remarks rekindle tensions that both sides had been trying to curb. A year after Roe v Wade was overturned we follow one Texas doctor who’s moved states to keep providing abortions. Plus, undersea sounds heard in the hunt for the Titanic tourist sub, Jerome Powell’s appearance in Congress and all the deals from the Paris Airshow. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Persons: Joe Biden, Xi Jinping, ”, Roe, Wade, who’s, Jerome Powell’s, Xi, Crews Organizations: Apple, Google, Reuters, Titanic, Thomson, Reading China, Biden, Paris Locations: China, Texas, Paris, India

But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Air India said it was worth $70 billion at list prices, though airlines typically get discounts on big orders worth at least half the headline price, analysts say. The Airbus part comprises 210 A320neo and A321neo narrowbody jets and 40 A350 widebodies. "Our ambitious fleet renewal and expansion programme will see Air India operate the most advanced and fuel-efficient aircraft across our route network within five years," Air India Chief Executive Campbell Wilson said in a statement. The mega-order will also put Air India on a stronger footing to compete with budget rival IndiGo, which has a majority share of the Indian market and a strong position in regional flights.

Persons: Royce, Campbell Wilson, LUDOVIC MARIN, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: India, Airbus, Boeing, Ethiopian Airlines, Paris, Air India, Air, Reuters Graphics Air, Visitors, International Paris Air, Le, Royce, Aero Engines, Tata, Emirates, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India, France

NEW DELHI/PARIS, June 20 (Reuters) - Record plane orders by India's top two carriers show the country's untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. A day later, rival Air India firmed up an order for 470 Airbus and Boeing (BA.N) aircraft that, until Monday, had been the industry leading plane deal. LEASING CONCERNSBut while the opportunity in India is big, so are the risks, says Ameya Joshi, an independent aviation analyst. Leasing companies warn that restrictions on repossessing their assets in case of defaults will drive up costs for all Indian airlines - even for IndiGo and Air India. It will eventually help Indian airlines by lowering risk and moderating lease rental costs," said Joshi.

Persons: India's, Jyotiraditya Scindia, planemakers, Ameya Joshi, Joshi, Aditi Shah, Tim Hepher, Joanna Plucinska, Mark Potter Organizations: NEW, Paris, Airbus, Air India, Boeing, Air, CAPA India, planemakers, IndiGo, lessors, Thomson Locations: NEW DELHI, PARIS, Air India, India, New Delhi, outdoing U.S, Paris

That deal, sketched out in February, was at the time the largest ever announced by number of planes. But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Reuters GraphicsAir India's provisional deal included 250 planes from Airbus and 220 from Boeing. The Airbus part comprised 210 A320neo narrowbodies and 40 A350 widebodies, while the Boeing deal was for 190 737 MAX, 20 787 Dreamliners and 10 mini-jumbo 777X. Together with another 25 Airbus jets to be leased, the overall acquisition reaches 495 jets, an Airbus executive said at the time.

Persons: Royce, narrowbodies, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: Air India, Ethiopian Airlines, Paris, Airbus, Boeing, Reuters Graphics Air, Royce, Aero Engines, Tata, Emirates, Air, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India

☆ Exclusive: Lockheed raises concerns over L3Harris-Aerojet deal
▼ + stars: | 2023-06-20 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

PARIS, June 20 (Reuters) - Lockheed Martin (LMT.N) has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris's (LHX.N) acquisition of Aerojet Rocketdyne (AJRD.N), Lockheed's chief operating officer said on Tuesday. Frank St John told Reuters that Lockheed, Aerojet's biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and IP protections, adding it had received "little response" from L3Harris over its concerns. If L3Harris continues to be unresponsive, Lockheed wants the Defense Department or FTC to put in place a mechanism to guarantee access to technology, St John said. L3Harris, Aerojet Rocketdyne, the FTC and Defense Department did not immediately respond to emailed requests for comment. Lockheed had previously attempted to buy Aerojet in a $4.4 billion deal, but walked away from the acquisition in February 2022 after the FTC sued to block the deal, citing concerns that Lockheed could hinder competitors' fair access to Aerojet products.

Persons: Lockheed Martin, Aerojet, Frank St John, L3Harris, we've, St John, Aerojet Rocketdyne, Lockheed's, Greg Hayes, Chris Calio, Valerie Insinna, Mark Potter Organizations: Lockheed, U.S . Defense Department, Federal Trade Commission, Reuters, Paris, Defense Department, FTC, Aerojet, Thomson Locations: L3Harris, Ukraine

PARIS, June 20 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets. "We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days." "The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.

Persons: Le Bourget, Canada's, Binter, Rodolfo Nunez, Martyn Holmes, Porter, Holmes, Gabriel Araujo, Steven Grattan, Jan Harvey, Alexandra Hudson Organizations: Embraer, EMBR3, American Airlines, Spanish, Jets, Paris Airshow, Airbus, Boeing, Canada's Porter Airlines, JPMorgan, Air, Envoy Air, Leasing, Avolon, Sao Paulo, Alexandra Hudson Our, Thomson Locations: Sao Paulo, Paris, Sao

☆ Eve agrees on potential sale of up to 150 flying cars
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 20 (Reuters) - Electric aircraft maker Eve (EVEX.N), controlled by Brazil's Embraer (EMBR3.SA), said on Tuesday it has signed letters of intent for potential sales of its "flying car" to Voar Aviation, Nordic Aviation and Wideroe Zero. Under the new agreements, Eve said in a statement, Voar would operate its eVTOLs in Brazil's main metropolitan areas and popular tourist destinations, such as Sao Paulo, Florianopolis and Salvador. Wideroe Zero's parent Wideroe is already an Embraer customer for conventional jets, currently having three E190-E2 aircraft in its fleet. Its low-carbon unit envisions all domestic short-haul flights to be electric as part of Norway's goal of achieving carbon-neutral aviation by 2040. Reporting by Gabriel Araujo; Editing by Kirsten Donovan and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Eve, Norway's, Gabriel Araujo, Kirsten Donovan, Louise Heavens Organizations: SAO PAULO, Electric, Brazil's Embraer, EMBR3, Voar Aviation, Nordic Aviation, Wideroe, Nordic, Embraer, Thomson Locations: Brazil's, Sao Paulo, Florianopolis, Salvador, Scandinavia

The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.

Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India

PARIS, June 19 (Reuters) - Ukraine is in negotiations with Western arms manufacturers to boost production of weapons, including drones, and could sign contracts in coming months, a Ukrainian minister told Reuters. Since Russia's invasion of Ukraine last year Ukraine has been scrambling to secure weapons ranging from munitions to rocket launchers to missiles. "That's why we think international partners coming to Ukraine, setting up production and making Ukraine part of the security framework for the free world is so essential." And some of the companies say that they are willing to come and invest and produce drones," he said. But Boyev is hopeful that the country can attract foreign drone makers and said the Ukraine government could offer substantial support.

Persons: Sergiy Boyev, Boyev, Volodomyr Zelenskiy, dronemakers, Baykar, Joanna Plucinska, Valerie Insinna, Olena Harmash, Susan Fenton Organizations: Strategic Industries, Kyiv, Reuters, Ukraine's, British, BAE Systems, Paris, Thomson Locations: Ukraine, Western, Ukrainian, United States, Germany, Britain, Italy, France, Europe, Paris, Kyiv, Turkish, Russia, Moscow, Turkey, Norway, European

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars. The planemaker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier, Le Bourget, Emmanuel Macron, planemakers, there's, Pieter Elbers, flynas, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Airbus, Defence, Indian, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Saudi, Bloomberg, Rafale, Eurofighter, Thales, Qantas, Viva Aerobus, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, PARIS, Britain, India, Ukraine, Belgium, Franco, Spanish, Indonesia

☆ GE says all options on the table over engine for stretched A220
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: 1 min

PARIS, June 19 (Reuters) - GE (GE.N) Chairman and GE Aerospace CEO Larry Culp said on Monday all options were on the table, when asked whether the company would be interested in investing in a new engine for a potential larger version of the Airbus (AIR.PA) A220 jet. "I don't think we would rule anything in or rule anything out," he said at the Paris Airshow. GE co-owns engine maker CFM International with France's Safran (SAF.PA). The A220 is currently powered solely by engines from CFM competitor Pratt & Whitney (RTX.N). Reporting by Tim Hepher Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Larry Culp, France's Safran, Tim Hepher, Mark Potter Organizations: GE, GE Aerospace, Airbus, Paris Airshow, CFM, Pratt & Whitney, Thomson

PARIS/TORONTO, June 18 (Reuters) - A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally. Success could boost the broader urban air mobility sector by persuading risk-averse investors that air taxis are worth putting money into, analysts and executives said. No flying taxi maker, whether Germany's Lilium or American player Joby, has received certification so far. Air mobility projects that went public through special purpose acquisition companies (SPAC) in recent years have lost at least 30% of their initial value. Venture capital is down across several industries, with a shift in spend from air taxis to drones, Riedel said.

Persons: Volocopter, Dirk Hoke, Robin Riedel, Germany's, Joby, Hoke, Riedel, Alan Wink, Wink, Mike Madsen, Still, Madsen, Allison Lampert, Joanna Plucinska, Maiya, Mark Potter Organizations: PARIS, Paris Olympics, China's, Eastern General Aviation Co, McKinsey Center, Future Mobility, European Union Aviation Safety Agency, McKinsey, Honeywell International, Honeywell, Thomson Locations: TORONTO, Paris, Germany, U.S, Montreal, London, Toronto

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