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☆ Boeing delivers 60 airplanes in June, racks up hundreds of new orders with Air India deal
▼ + stars: | 2023-07-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. So far this year, Boeing delivered 266 aircraft to customers, shy of the 316 rival Airbus has handed over. Boeing said Tuesday it logged orders for 288 aircraft, net of cancellations and conversions, in June, most of them from the massive order Air India announced earlier this year and firmed up at the Paris Air Show last month. Boeing's June tally included nearly 40 787 Dreamliners for new Saudi carrier Riyadh Air, part of a deal announced in March. Boeing's total net orders for the month came in at 305 aircraft after it added some planes to its backlog.

Persons: Max, JUSTIN TALLIS Organizations: Boeing, Farnborough, AFP, Getty Images, Airbus, India, Paris Air, Saudi, Riyadh Air Locations: Farnborough, Riyadh

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

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

[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

[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. REUTERS/Benoit TessierPARIS, June 19 (Reuters) - The Paris Airshow opened on Monday with last-minute jet order negotiations and supply chain headaches competing for attention with rows of missiles, drones and futuristic transport. France's Thales (TCFP.PA) announced a contract from Indonesia for 13 long-range air surveillance radars. On the commercial 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. Airbus 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 PARIS, Le Bourget, Emmanuel Macron, France's, planemakers, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Farnborough, French Rafale, U.S, Rafale, Eurofighter, France's Thales, Airbus, . Industry, Qantas, Viva Aerobus, Boeing, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, Britain, Belgium, Franco, Spanish, Ukraine, Indonesia

[1/2] Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby MelvilleNEW DELHI, May 29 (Reuters) - India has filed a graft case against Britain's BAE Systems plc (BAES.L) and Rolls-Royce Holdings (RR.L) for "criminal conspiracy" in the procurement and licensed manufacturing of 123 advanced jet trainers, a federal police document showed. The case is based on the findings of an investigation launched by India's Central Bureau of Investigation (CBI) in 2016, the document dated May 23 said. In its response BAE said it would be inappropriate to comment on an ongoing probe. Between 2008 and 2010, it said the Indian government approved the licensed manufacturing of an additional 57 jets for 95 billion rupees ($1.16 billion) under a separate agreement with BAE Systems (Operations) Ltd.

☆ Dogs (and Cats) on a Plane
▼ + stars: | 2023-05-04 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

Last Friday evening, as drizzle fell on the tarmac, 10 passengers boarded a Gulfstream G4 headed from Teterboro Airport in New Jersey to Farnborough Airport, just southwest of London. They didn’t seem to notice the plush leather seats or the treats nestled in champagne flutes in the armrests. The passenger manifest included nine dogs, mostly on the larger side, and one sphinx cat, as well as 10 humans. All had one thing in common: an aversion to putting their pets in the cargo hold. Pet owners seeking to transport their pets on commercial flights must navigate a patchwork of rules that vary by airline.

☆ Boeing set to report first-quarter results before the market opens
▼ + stars: | 2023-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)Boeing is scheduled to report quarterly results before the market opens on Wednesday and update investors on its outlook for the year as it grapples with a production issue on some 737 Max planes. Earlier this month, the company disclosed a problem with two of eight fittings in a section of fuselage on certain 737 Max planes, its best-seller. Boeing had warned that the issue would slow deliveries of some aircraft. The pace of deliveries is key to its cash flow goals since customers pay for the bulk of the planes upon delivery.

☆ Europe's super-wealthy took over 300,000 very short private jet flights last year — including over 1,300 between London and an airport 30 miles away — study says
▼ + stars: | 2023-03-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A study from Greenpeace analysed a database of Europe's private jet flights over the last three years. It found that 55% of them were under 466 miles long, and launched a campaign to ban private jets. Over 1,300 flights on one UK route could have taken a 35-minute train for less than $20 instead. According to the Transport and Environment campaign group, private jets are 50-times more polluting than trains. The data also shows that over 1,300 private flights went between London and Farnborough, England – a 30 mile train journey which you could travel in 35-minutes for less than $20.

[1/2] A Boeing 787-8 puts on a display at the Farnborough Airshow, in Farnborough, Britain July 16, 2018. REUTERS/Peter Nicholls/File PhotoWASHINGTON, March 13 (Reuters) - Boeing Co (BA.N) is expected to sell nearly 80 787 Dreamliner airplanes to two Saudi Arabian airlines, a source briefed on the matter said on Monday. State-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air will both be acquiring Boeing 787s, the source said. The airlines are expected to buy a total of 78 787s split between the two buyers and have options to buy another 43, the source said. The Saudi deal comes on the heels of a major December order from United Airlines (UAL.O) for 100 787 Dreamliners and 100 737 MAX jets.

☆ Boeing close to finalizing 737 MAX deal with Japan Airlines - Bloomberg News
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] 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 PhotoMarch 8 (Reuters) - Boeing Co (BA.N) is close to sealing an order from Japan Airlines Co (JAL) <9201.T> for at least 20 of its 737 MAX planes, Bloomberg News reported on Wednesday, citing sources. The order will likely be a combination of smaller MAX 8 jets and some of Boeing's larger MAX 10 planes, the report said. JAL was also in talks with Airbus SE (AIR.PA), but is considering going with Boeing, the report said, adding that the deal may close by the end of March. A JAL spokesperson said they were still negotiating the deal and refused to provide more details.

☆ Boeing close to finalising 737 Max deal with Japan Airlines- Bloomberg
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: 1 min

[1/2] 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 PhotoMarch 8 (Reuters) - Boeing Co (BA.N) is close to sealing an order from Japan Airlines Co (9201.T) for at least 20 of its 737 Max planes, Bloomberg News reported on Wednesday, citing sources. The order will likely be a combination of smaller Max 8 jets along with some of Boeing's larger Max 10 planes, the report said. Reporting by Shivani Tanna in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

[1/2] 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 PhotoMarch 8 (Reuters) - Japan Airlines Co (JAL) (9201.T) is close to placing an order for more than 20 Boeing (BA.N) 737 MAX airplanes as it renews its medium-haul fleet, industry sources said on Wednesday. The order will likely be a combination of 737 MAX 8 jets and some of Boeing's larger 737 MAX 10 planes, the report said, adding the airline was also in talks with Airbus SE (AIR.PA). A deal for JAL to buy Boeing's single-aisle MAX would be the second by one of Japan's top carriers following All Nippon Airways (ANA) (9202.T), in a national market traditionally dominated by Boeing. The future of the MAX in Japan had been uncertain after a recent safety crisis and the pandemic, which delayed ANA's decision to finalize its own order by around two years.

☆ China sanctions Lockheed Martin, Raytheon for selling weapons to Taiwan
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: +3 min

China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory. Lockheed Martin Corp. and Raytheon Technologies Corp.'s Raytheon Missiles and Defense are barred from importing goods into China or making new investments in the country, the Ministry of Commerce announced. The United States bars most sales of weapons-related technology to China, but some military contractors also have civilian businesses in aerospace and other markets. The United States has no official relations with Taiwan but maintains extensive commercial and informal contacts. In China, Lockheed Martin has sold air traffic control equipment for civilian airports and helicopters for commercial use.

☆ Tata's Air India to seal half of jumbo plane order - sources
▼ + stars: | 2023-01-26 | by ( Aditi Shah | ) www.reuters.com time to read: +4 min

Air India did not respond to a request for comment. Reuters reported last month Air India was closing in on a deal for about 500 jets. The aim is to corner 30% of the domestic air travel market over the next five years thus narrowing the gap with market leader IndiGo. Tata's four airlines, including two budget carriers, Air India and Vistara its joint venture with Singapore Airlines (SIAL.SI), have a combined market share of 24%. Analysts have said Air India has the ability to claw back some passengers from rival Gulf carriers but not before it matches their quality of fleet and service.

The company reiterated it expects to generate $3 billion to $5 billion in free cash flow in 2023. Boeing generated $3.1 billion in free cash flow in the final quarter of 2022. Boeing reported $2.3 billion for all of 2022. Boeing reported fourth-quarter revenue of $20 billion, up from $14.79 billion in the same quarter in 2022, and a loss per share of $1.75. Earlier this month, Boeing reported a sharp jump in airplane orders and deliveries in 2022.

☆ European regulator sees progress in talks on Boeing 777X
▼ + stars: | 2023-01-24 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] 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 PhotoJan 24 (Reuters) - Europe's chief aviation regulator pointed on Tuesday to a narrowing gap in talks with Boeing (BA.N) over cockpit design requirements for the future 777X airliner. "We are hopefully converging," Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA) told Reuters, when asked about the progress of ongoing discussions on the 777X. Ky's remarks come shortly after industry sources said EASA held talks earlier this month with Boeing and the FAA to review certification expectations for the delayed jet. U.S. executives argue the 777 jet, which is being upgraded to create the 400-seat 777X, is one of the industry's safest.

☆ Only 3 countries have managed to build 5th-generation fighters, but nearly a dozen are already working on 6th-gen jets
▼ + stars: | 2023-01-03 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

(The recently unveiled B-21 bomber is billed as the world's first sixth-gen aircraft, but little is known about its capabilities.) Lockheed Martin, Northrup Grumman, and Boeing are believed to be competing to build the jets, and all have released illustrations of sixth-gen aircraft. FCAS/SCAFA full-scale model of the Future Combat Air System at the Paris Air Show in June 2019. An illustration of Japan's next-generation fighter aircraft concept. While China is making heavy investment in military aviation, Russia's ability to develop next-generation jets may be shrinking.

☆ Airbus pledges deeper industrial ties with India
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter CziborraPARIS, Dec 21 (Reuters) - Airbus (AIR.PA) plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country's prime minister. Faury's comments on industrial presence come as India is increasingly involved in the civil supply chain. Airbus declined to comment and Tata Group was not immediately available to comment. In October, Tata Group and Airbus said they would make the C-295 military transport aircraft in India.

☆ Japan, Britain and Italy to build jet fighter together
▼ + stars: | 2022-12-09 | by ( ) www.nbcnews.com time to read: +4 min

Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan’s first major industrial defense collaboration beyond the United States since World War II. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defense spending to about 2% of gross domestic product over five years. “It’s also good for our international reputation”The proposed jet fighter aircraft Tempest, shown during the Farnborough Airshow, in southern England in July. Britain also wants Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussions told Reuters. “The United States supports Japan’s security and defense cooperation with likeminded allies and partners, including with the United Kingdom and Italy,” the U.S. Department of Defense said in a joint statement with Japan’s Ministry of Defense.

Climate activists across Europe and the United States blocked entrances to airports Thursday to protest emissions from the aviation industry and call for a ban on private jets. Activists with three groups — Extinction Rebellion, Scientist Rebellion and Guardian Rebellion — descended on the airport terminals as part of organized actions in at least 13 countries. In the U.S., activists gathered at King County International Airport in Seattle and blocked entrances to a private jet terminal at Charlotte Douglas International Airport in North Carolina and at Teterboro Airport in New Jersey. The activists targeted private jets because they represent the contributions of the ultrarich — and their lifestyles — to global greenhouse gas emissions. “The planet is on fire and people are still flying private jets.

☆ Airbus eyes Saudi deal for almost 40 A350 jets - sources
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter CziborraPARIS/DUBAI, Oct 23 (Reuters) - Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe's Airbus (AIR.PA) as part of strategic efforts to launch a new airline and challenge heavyweight carriers in the Gulf, industry sources said. Any commercial deal must still win political approval and also depends n complex engine negotiations, one of the sources said. The choice of supplier is widely seen as politically charged as the Saudi gathering takes place amid deepening tensions between Washington and Riyadh, two industry sources said. Reuters first reported in August that Saudi Arabia was discussing a significant order for wide-body jets.

☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
▼ + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com time to read: +4 min

Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.

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

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

☆ Stocks making the biggest moves midday: FedEx, Boeing, Ally, Domino's and more
▼ + stars: | 2022-09-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

FedEx — Shares were down about 4% and hit a new 52-week low after the delivery company announced plans to increase rates between 6.9% and 7.9%. CalAmp — The software company plummeted 17% despite an earlier rally. CalAmp reported smaller losses than anticipated in its second-quarter earnings, while also noting record-setting revenue within subscription and software categories. Ally Financial — Shares of the financial services company dropped 4% after Wells Fargo downgraded the stock to equal weight from overweight. Domino's Pizza — Domino's Pizza advanced 2.1% after BMO upgraded the stock to outperform, forecasting a rebound in the fast-food chain on the back of strong demand.

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