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Tehran’s operation was highly choreographed, apparently designed to minimize casualties while maximizing spectacle. Over 300 drones and missiles navigated above Iran’s neighbors, including Jordan and Iraq — both with US military bases — before penetrating the airspace of Iran’s mortal enemy, Israel. Rather than fire from one of the neighboring countries where Iran and its non-state allies are present, this was a direct attack from Iranian territory on Israeli territory. This compromised Iran’s ability to damage Israel because it robbed the operation of the element of surprise. Demonstrators wave Iran's flag as they gather at Palestine Square in Tehran on April 14, 2024, after Iran launched a drone and missile attack on Israel.
Persons: Lebanon CNN —, Israel’s, Amir Cohen, Hossein Amir Abdollahian, Donald Trump’s, Qassem Soleimani, Asad, Iran’s, Netanyahu’s, Atta Kenare, , , Parsi Organizations: Lebanon CNN, West Bank, United Nations, Trump, Iranian, US, Getty, Quincy Institute Locations: Beirut, Lebanon, Israel, Jordan, Iraq, , Iran, Ashkelon, Republic, Damascus, Syria, Yemen, Tehran, Netanyahu’s Israel, Palestine, AFP, DC
Philadelphia CNN —Bilal Motley, utilities manager at a former Philadelphia oil refinery, was working the graveyard shift when a massive explosion broke out in the early morning hours of June 21, 2019. “This oil refinery was talked about and passed down through generations,” Sanders said. Rachael WarrinerPES is no longer functioning as a refining company, but Sunoco, whose subsidiary Evergreen owned the former PES site, did not respond to requests for comment. The PES refinery complex was the largest source of particulate air pollution in Philadelphia. Hilco Redevelopment PartnersBut UPenn’s Neises said given the scale and history of the property, Hilco will need to take its time to redevelop the area of redevelopment.
Persons: Philadelphia CNN — Bilal Motley, I’m, ” Motley, , , Motley, trekked, Hilco, Ellen Neises, they’ll, Sonya Sanders, Sanders, ” Sanders, , Rachael Warriner, Rachel Ramirez, Phil Rinaldi, Matt Rourke, Mike Smith, ” Roberto Perez, Amelia Chasse Alcivar, UPenn’s Neises, Neises, she’s, you’re, Philly Thrive’s Sanders, there’s Organizations: Philadelphia CNN, Philadelphia Energy Solutions, US Chemical Safety, Hazard Investigation, Hilco, Partners, CNN, University of Pennsylvania’s Weitzman, of Design, longtime, Evergreen, PES, Environmental Protection Agency, Drexel University, University of Pennsylvania’s School of Medicine, Philadelphia International Airport, City of, City of Philadelphia Refinery Advisory, Hilco Redevelopment Partners, Industrial Realty, ., Philadelphia Energy Solutions Refining, United Steelworkers Union, Oil Bargaining, EPA, Locations: Philadelphia, East, Schuylkill, New York City, Chicago, longtime South Philadelphia, South Philadelphia, Grays Ferry, Breeze, City of Philadelphia, New York, Delaware, Pennsylvania, Bellwether District, , Bellwether
Read previewUS forces engaged and shot down more than 75 of the missiles and drones that Iran fired at Israel this weekend, marking its biggest air-defense battle of the six-month-long Middle East crisis. Iran and its proxy militias launched a barrage of 170 attack drones, 120 ballistic missiles, and 30 cruise missiles at Israel in a massive and unprecedented attack on Saturday night local time, according to the Israel Defense Forces. A few of the ballistic missiles entered Israeli territory and struck targets, including an IDF base, causing minor damage, the military said. US fighter jets also shot down more than 70 Iranian one-way attack drones, the American military official said. For now, Israel appears to be calibrating a response to the Iranian attack, although it is unclear at this time what that may look like.
Persons: , Arleigh Burke, Carney —, Israel's, Joe Biden, Scott Pittman, Lloyd Austin, Grant Shapps, Japan — Organizations: Service, Israel Defense Forces, Business, US Navy, IDF, American, US, Hamas, Islamic Revolutionary Guard Corps Locations: Iran, Israel, Iraq, US, Syria, Gulf of Aden, Yemen, Iranian, Tehran, France, Germany, Canada, Italy, Japan
A 25-year-old private tutor told BI about his experiences working in the UAE. He said he had taught the children of some of Dubai's richest people. One of his pupils paid him $3,000 to do his homework, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with a 25-year-old private tutor and academic governor in Dubai.
Persons: , Catherine Boudreau, I'd Organizations: Service, United Arab Emirates Locations: UAE, Dubai, Maiden Shanghai, Russia, France
Four Seasons has its own Airbus A321neoLR, typically used for set experiences. Now it's offering the 48-seat jet up for charter at a cost of $115,000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But now, for the first time, Four Seasons is offering its own Airbus A321neoLR for charter. Here's what the aircraft looks like and how the luxury firm is extending how it caters to the wealthy.
Persons: Organizations: Airbus, Service
New York CNN —When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. That oopsie was discovered in an internal review, which was prompted by a Wall Street Journal investigation last year into Boeing executives’ private jet travel, the paper reported Thursday. To be clear: Boeing requires Calhoun, who is stepping down later this year, to use its private jets for business and personal travel for security reasons. But when a CEO uses the company jet for a family vacation, that usually counts as taxable income. Over the last three years, Calhoun racked up $979,000 in personal air travel, according to the company.
Persons: CNN Business ’, Dave Calhoun, Calhoun, thriftiness, Chris Isidore, oopsie, that’s, we’ve, It’s, lavishing Calhoun, teeing, Jon Holden Organizations: CNN Business, New York CNN, Boeing, Wall Street, IRS Locations: New York, Arlington , Virginia, Seattle, America
Boeing execs used an additional $545,520 for personal travel expenses in 2021 and 2022. The Wall Street Journal first reported Boeing had improperly classified personal trips on private jets as business travel. AdvertisementBoeing's execs have been using the company's private jets for personal travel — and it's more than we thought. The Wall Street Journal reports Boeing made the revisions after an investigation last year into the use of private jets by its top executives. The revised stats for Boeing's outgoing CEO, Dave Calhoun, amounted to an additional $142,315 in personal travel in 2021 and 2022.
Persons: Boeing execs, , Dave Calhoun, Brian West, Theodore Colbert, Calhoun Organizations: Boeing, Street Journal, IRS, Service, Top Boeing, Company, SEC, Stanley, Business, Alaska Airlines Locations: Calhoun's, New Hampshire, South Carolina, Chicago, Arlington , VA
They immediately established an ambitious, five-year strategic plan to reposition Bombardier, with a focus squarely on its sturdiest leg: the high-flying business jet and ancillary services industry. Deliveries of business and general aviation aircraft last year topped 4,000 for the first time in more than a decade, the General Aviation Manufacturers Association reported in February. Historically, the business jet market has been cyclical, said Noah Poponak, an analyst for Goldman Sachs, "but it's been hyper-cyclical in the past 20 years." Sales of all business jets were healthy leading into 2020 — and then the Covid pandemic hit. Everyone wanted a business jet and was willing to buy whatever was out there, new or used."
Persons: headwinds, Bombardier's, Alain Bellemare, divesting, Éric Martel, Bart Demosky, Demosky, Warren Buffett's Berkshire Hathaway, CFOs, Noah Poponak, Goldman Sachs, Walter Spracklin, Spracklin Organizations: Bombardier, Boeing, Airbus, General Aviation Manufacturers Association, Challenger, Global, Companies, Honeywell, RBC Capital Markets Locations: Montreal, Warren, Covid
German aerospace company Lilium wants to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet. "Revolutionize means make it absolutely zero emission," Lilium CEO Klaus Roewe told CNBC Tech in an interview. "We want to make a regional plane that has a decent transport capacity to have a meaningful effect on CO2 emission reduction." Less than a decade after being founded by four university students, the group is now one of Europe's leading eVTOL companies. Lilium, which is backed by the likes of China's Tencent and Earlybird Venture Capital, has started taking orders from the premium market.
Persons: Klaus Roewe, Lilium, Roewe, China's, Daniel Wiegand, Lilium's, Wiegand Organizations: CNBC Tech, Earlybird Venture, eVTOL Aircraft Locations: Weßling, Bavaria
The air travel is part of what are known as perquisites, or perks granted the executives, which also include ground transportation, lodging and meals during personal travel. The upward adjustment means that Boeing spent at least $734,000 in 2022 and $306,000 in 2021 on these executives’ personal air travel, according to figures provided. And 2023 personal air travel costs for the four came to $872,000. That review resulted in a newly reported cost of personal travel that was $546,000 more in 2022 and 2021 than previously disclosed. Boeing did not have any comment on the costs of the executives’ personal air travel beyond the information in the filing.
Persons: Dave Calhoun, Calhoun, Brian West, Stan Deal, Theodore Colbert, Max, ousters Organizations: New, New York CNN, Boeing, Colbert, Securities and Exchange Commission, Max, Alaska Airlines, Deal, Airplanes Locations: New York, Alexandria , Virginia
Raymond James raised its price target on Nvidia to $1,100, noting revenue momentum will stay strong. On a more sour note, Bank of America lowered its price target on Boeing to $190, citing risks around the company's ongoing safety issues. He raised his price target by $30 to $160, which suggests more than 25% potential upside for shares. Analyst Bryan Bergin initiated coverage of Mastercard with a buy rating and $545 price target, which indicates 16.2% potential upside. — Pia Singh 5:50 a.m.: Bank of America cuts Boeing price target Boeing's latest troubles made Bank of America even more skeptical on the stock's prospects.
Persons: Raymond James, Berenberg, Andres Castanos, Mollor, — Pia Singh, Bernstein, Johnson, Callum Elliott, Kenvue, Elliott, Lorraine Hutchinson, Hutchinson, Nike's, TD Cowen, Bryan Bergin, Bergin, Blackwell, Srini Pajjuri, Ronald Epstein, Dave Calhoun, Epstein, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Boeing, Johnson, Nike, Mastercard, Visa, of America, New York Times Locations: Albemarle, underperform, China, Europe, Asia
The NTSB is investigating how a door plug came off an Alaska Airlines Boeing 737 Max 9. Its chair said it could survey every Boeing employee about its safety culture. AdvertisementThe head of the National Transportation Safety Board said it is considering surveying every Boeing employee about its safety culture. Related storiesAll of the firm's 20,000 staff were surveyed about its safety culture, Homendy said. "With respect to documentation, if the door plug removal was undocumented there would be no documentation to share," the planemaker said in a statement.
Persons: , Jennifer Homendy, Dave Calhoun, Homendy, Maria Cantwell, They're Organizations: NTSB, Alaska Airlines Boeing, Boeing, Norfolk Southern, Service, National Transportation Safety Board, Commerce, Science, Transportation Locations: Ohio
So the castaways gathered palm fronds from the 31-acre island, arranged them to spell out “HELP” on the beach, and waited, according to a Coast Guard statement. The names of the stranded men have not been released by the Coast Guard, and CNN attempts to contact their relatives have not gotten replies. When the Coast Guard cutter Oliver Henry reached Pikelot on April 9, the story took another twist. “He couldn’t believe I’m with the Coast Guard trying to rescue them.”The man was a third cousin, the others fourth cousins, he said. “It could be coincidence,” said Chief Warrant Officer Sara Muir, public affairs officer for US Coast Guard Forces Micronesia.
Persons: Sgt, Richard Ebensberger, Chelsea Garcia, ” Garcia, Oliver Henry, Eugene Halishlius, Halishlius, ” Halishlius, , Sara Muir Organizations: CNN, US Navy, Coast Guard, US Coast Guard, Guard, Hawaii Air National Guard, Federated, Kadena Air Base, Navy, Coast Guard HC, Air, Coast, US Coast Guard Forces Micronesia, US Air Force, Andersen Air Force Base, Australian Locations: Micronesia, Pikelot, Guam, Polowat, Federated States, Pacific, Philippines, Hawaii, Okinawa, Japan
Éric Béteille said his AirTag has been stuck in the cargo space of an Alaska Airlines plane. In a Facebook post, Éric Béteille said his AirTag fell out of his luggage tag on an Alaska Airlines flight last July — and is now stuck in the plane's cargo space. One of Éric Béteille's Facebook posts. FacebookBéteille — whose LinkedIn profile says he is a principal content designer at Meta — has racked up over 20,000 likes across his two Facebook posts about the lost AirTag. AdvertisementBéteille's AirTag won't be going transatlantic, especially given that Alaska Airlines only flies to North America, but it's still an interesting insight into the carrier's operations — and the frequency of one jet's flights.
Persons: Éric Béteille, he's, , Jackson, Béteille, Meta —, it's Organizations: Alaska Airlines, Embraer, Service, Facebook, Meta, American Airlines Locations: Canada, Austin, Vancouver, Missoula , Montana, , Wyoming, Tucson , Arizona, North America
New York CNN —Delta Air Lines reported vastly improved earnings in the first quarter, and the company said results should remain strong the rest of the year. Delta predicted it would report record revenue in the second quarter, it said it expects thinner profit margins. So it now expects earnings per share of between $2.20 to $2.50, which would be down from the record adjusted earnings per share of $2.64 a year ago. Delta has no 737 Max jets in its fleet currently, although it has placed orders for some of the jets. In July 2022 it placed an order for 100 of the Boeing 737 Max 10 jets, the largest version of the Max.
Persons: Ed Bastian, Max, , Scott Kirby, Bastian didn’t, Organizations: New, New York CNN — Delta Air Lines, Wall, Delta, Boeing, United Airlines ’, Southwest, Airbus, Alaska Airlines, Max, Federal Aviation Administration, Alaska Air, United Airlines Locations: New York, Atlanta, Alaska
An oil pumpjack is shown near the Callon Petroleum vicinity on March 27, 2024 in Monahans, Texas. Oil prices held steady in early trade on Wednesday after two straight days of losses, as worries about tighter supply due to uncertainty over Gaza ceasefire talks were offset by a bigger-than-expected build in U.S. crude inventories. Brent crude futures were flat at $89.42 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to $85.25. Meanwhile, U.S. crude stocks climbed last week by 3.03 million barrels, according to market sources citing American Petroleum Institute figures. Separately, the government raised its forecast for U.S. crude oil output, expecting an increase of 280,000 bpd to 13.21 million bpd in 2024, up 20,000 bpd from an earlier forecast from the U.S. Energy Information Administration (EIA).
Persons: Brent, WTI Organizations: Brent, U.S, West Texas, Iran, Organization of, Petroleum, American Petroleum Institute, U.S . Energy Information Administration, EIA, Revolutionary Guard's Locations: Monahans , Texas, Gaza, Israel, Cairo, Iran, Hormuz, Turkey
Sitting on the massive bomber’s sole bunk, the third pilot on the flight crew, Capt. This year, the Air Force began low-rate production of the Northrop Grumman B-21 Raider, the next generation of stealth bomber. In October, Chinese fighter jets intercepted a B-52 bomber at night over the South China Sea, south of our position. Everyone is tired, especially as we approach the 24-hour mark of the flight, but the mission is not yet complete. On final approach, with Barksdale Air Force Base looming off our nose, the right main gear does not extend.
Persons: Jinan Andrews, Omaha ” Barnett, Sabin “ Jett ”, Michael Maginness, CNN's Oren Liebermann, , Jason Armagost, Bo “, Bo “ NATO ” Cain, Oren Liebermann, MYLAR11, Leo “ Swabbie ” Weber, , Rebecca “ Vulcan ” Moore, Moore, you’ve, Jared Patterson, Avery Bulsterbaum, Andrew Rodriguez, Justin Joyner, Dakeeja Nelson, Veruca Plott, it’s, . Sabin “ Jett ”, Jeremy Harlan Organizations: CNN, US, Barksdale Air Force Base, Boeing, 2nd Bomb, China, Eighth Air Force, , Air Force, Bo “ NATO, 20th Bomb Squadron, Northrop Grumman, Raider, CNN Staff, US Department of Defense, South Korean Locations: East China, , Alaska, Louisiana –, Louisiana, Japan, Capt, Jinan, Tramaine, Omaha, Vietnam, Russia, Russia’s, China, North Korea, South Korea, MYLAR11, Beijing, South China, Jinan Andrews
Can China's Comac break up the Airbus-Boeing duopoly?
  + stars: | 2024-04-10 | by ( Nessa Anwar | ) www.cnbc.com   time to read: +2 min
China is on a mission to break up the Airbus -Boeing duopoly and it hopes the domestically made Comac C919 will be its first big break into foreign markets. Made by the Commercial Aircraft Corporation of China (Comac), the passenger aircraft has been touted as the "dream of a nation" by Chinese President Xi Jinping. However, there are still several hurdles Comac would need to clear before it could take on the French and American aerospace giants' dominance. "As a customer and operator of China's Comac products, we can get financial support from China's import-export bank, and also central banks," Cham told CNBC in an interview. According to Cham, Comac said it would consider creating aircraft maintenance, repair and overhaul support for its aircraft in Brunei.
Persons: Xi Jinping, Cham, Comac, Adam Cowburn, Cowburn, Brendan Sobie, It's, Brendan Organizations: Airbus, Boeing, Commercial Aircraft Corporation of China, Cham Chi, CNBC, Alton Aviation Consultancy, " Industry, Sobie Aviation, Airlines Locations: China, American, Brunei, Cham, Shanghai
Iran's 538 loitering missile is designed to intercept low-flying drones. The 358 missiles confiscated by the US Navy were powered by small gas turbine engines made by a Dutch company. "As air defense systems increase in power and effectiveness, it will mark a new challenge to drone systems that have long had command of the air," Rogers said. A US Central Command handout shows one of the Iranian-made 538 loitering missile seized by the USS Forrest Sherman in November 2019. CENTCOM'Drone hunting drones'A report in March speculates that Turkey's arch-foe, the Kurdistan Workers' Party or PKK group, may have acquired Iranian Meraj loitering missiles.
Persons: , James Patton Rogers, Rogers, Ryan Bohl, RANE, Bohl, USS Forrest Sherman Organizations: Service, US Navy, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Saudi, US, Pentagon, East, Command, USS, Kurdistan Workers ' Party, Turkish Locations: Iran, Yemen, Lebanon, Iran's, Dutch, Turkey, North Africa, Kurdistan, Iraq, Tehran
AdvertisementWith an average of 30,000 passengers a month, Augusta Regional Airport usually sees one-hundredth the number of passengers as Newark Liberty International. This year's Masters, played at Augusta National, is set to be the busiest yet for Augusta Regional Airport. "In years past, American has always given an influx of direct flights for Masters week," Smith told BI. But perhaps the most striking change from the usual day-to-day is the expected influx of private jets. Private jetsAugusta Regional Airport has two runways but closes one of them down for the Masters so that the private jets can park there.
Persons: , Lauren Smith, Smith, It's, Barnwell, Augusta —, Uber Organizations: Augusta Regional Airport, Service, Augusta Regional, Newark Liberty International, TSA, Augusta National, American Airlines, Delta Air Lines, Delta, Private, Augusta, Atlanta —, New, Bombardier Challenger Locations: Augusta, Georgian, Washington, DC, Boston, Austin, JFK, Palm Beach, Orlando, LaGuardia, Detroit, Atlanta, Aiken, South Carolina, New York City, Toro
As Eid al-Fitr approached, Amani Abu Awda’s four children began asking her for new clothes and toys — festive items that Muslims customarily buy to celebrate the holiday that marks the end of the holy month of Ramadan. “Oh God, I couldn’t get anything for them because of the high prices,” she said Saturday, days before most Muslims worldwide would celebrate Eid al-Fitr. We have lost family and loved ones. Image Displaced Palestinians prepare traditional cakes before Eid al-Fitr, in Rafah, southern Gaza, on Tuesday. “I have a lot of hopes for Eid,” he said, “but firstly for them to end this revolting war.”
Persons: Eid, Fitr, Amani Abu Awda’s, , , , Abu Awda’s, Ms, Abu Awda, Alina Al, Yazji, Haitham Imad, Muna Daloob, Mohammad Shehada, we’re, Shehada, enjoyments Organizations: Hospital, Al, Aqsa Martyrs Hospital, ., Agence France, Gaza Ministry, Health Locations: Gaza, Rafah, Jabaliya, Aqsa, Deir al, Gaza City, Israel, Egypt
The Masters Tournament begins this week at Augusta National Golf Club. That's thanks to the Masters Tournament, the first in an annual run of major professional golf championships and a favorite of the superrich. Former Secretary of State Condoleezza Rice became one of the first women to join Augusta National in 2012. But if you're not a member, you're not invited by a member, you're not getting on Augusta National." The names of Augusta National members are kept confidential, though their green jackets are a tell.
Persons: Warren Buffett, Bill Gates, , Dirk Ziff, Stanley Druckenmiller —, Barnabas Carrega, Carrega, State Condoleezza Rice, Timothy A, Clary, weren't, Darla Dee Moore, Richard Rainwater, Augusta National's, Billy Casper, Horton Smith, Jamie Squire, Phil Knight —, Robert Rowling, Herbert Allen Jr, David Duffield, Ernest Garcia, Greg Mondre, Garth Brooks, Luke Bryan, Rory McIlroy, Tiger Woods, that's Organizations: Augusta National Golf, Private, Service, Michelin, Golf, Bloomberg, State, Augusta National, Getty, Augusta, Augusta Regional Airport, Nike, reselling, Ticketmaster Locations: Augusta , Georgia, Augusta, Georgia, United States, Carvana
Read previewThe Biden administration is cracking down on toxic "forever chemicals" that are widespread in America's tap water, food, and household products. EPA also set limits for mixtures of two or more PFAS chemicals, because research shows they may have combined health impacts. "The technology is there, especially to clean up drinking water, to filter these compounds out of the water. "For too long, many people across the country have had been drinking contaminated water levels that likely impact health." The Biden administration has a broader $9 billion PFAS strategy that goes beyond drinking water, including military bases, airports, and food packaging.
Persons: , Biden, Ken Cook, Michael Regan, Regan, David Andrews, Andrews, it's, Carmen Messer, PFAS Organizations: Service, EPA, Business, Environmental, Companies, Chemours, DuPont, Harvard's, Chan, of Public Health Locations: North Carolina, Minnesota, Fayetteville , North Carolina
Bark, the company behind BarkBox, is launching a pet-friendly air carrier, Bark Air. Fares start at $6,000 per person for a one-way flight between New York and Los Angeles. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company behind the wildly popular pet subscription service BarkBox might have the solution to your problems — so long as you're willing to pay $6,000 for a one-way flight. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: New York, Los Angeles
Palestinians gathered for Eid prayers across Gaza on Wednesday, where many mosques have been destroyed after six months of war. Ms. Abu Awda’s family managed to take some clothes with them when they fled their home in Jabaliya two months ago. “What kind of Eid is this?” Ms. Abu Awda said, adding, “We have lost so much. We have lost family and loved ones. The Gaza Ministry of Health says that more than 33,000 people have been killed in Gaza over six months of Israeli bombardment.
Persons: Eid, Fitr, Amani Abu Awda’s, Abu Awda, , , , Abu Awda’s, Ms, Alina Al, Yazji, Haitham Imad, Muna Daloob, Mohammad Shehada, we’re, Shehada, enjoyments Organizations: Hospital, Al, Aqsa Martyrs Hospital, ., Agence France, Gaza Ministry, Health Locations: Gaza, Rafah, Jabaliya, Aqsa, Deir al, Gaza City, Israel, Egypt
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