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

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

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

☆ China, Airbus among potential losers from boosted US-Vietnam ties
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +5 min

U.S. President Joe Biden attends a meeting with Vietnam's Communist Party General Secretary Nguyen Phu Trong, at the Communist Party of Vietnam Headquarters in Hanoi, Vietnam, September 10, 2023. But Washington's elevation to the same tier as Beijing in Vietnam's ranking will inevitably have an impact on China. The White House had no new arms deals to announce, but the new ties may facilitate future supplies from the U.S. or its partners. That would inevitably reduce Vietnam's reliance on Russian gear, although Hanoi is currently negotiating a new possible arms deal with Moscow. "We do not have any comment on a decision that does not involve Airbus," an Airbus spokesperson said.

Persons: Joe Biden, Nguyen Phu Trong, Evelyn Hockstein, Mao Ning, Joe Biden's, Biden, Carolyn Nash, Fluence, Germany's, Francesco Guarascio, Tim Hepher, Jamie Freed Organizations: Vietnam's Communist Party General, Communist Party of, REUTERS, Washington, White, AIRBUS, U.S, planemaker Boeing, Vietnam Airlines, Airbus, Boeing, Amnesty International, Vietnam, Communist Party, Human Rights Watch, INDIA Washington, Nvidia, Microsoft, AES, SIEMENS, AMI, Honeywell, Nasdaq, Germany's Siemens, Siemens, Thomson Locations: Communist Party of Vietnam, Hanoi, Vietnam, United States, Washington, CHINA Vietnam, Beijing, China, Vietnam's, RUSSIA Vietnam, Russia, U.S, Moscow, Hanoi , U.S, Asia, MALAYSIA, INDIA, Malaysia, India, Paris

Ukrainian Antonov An-225 Mriya cargo plane, the world's biggest aircraft, flies during the Independence Day military parade in Kyiv, Ukraine August 24, 2021. Antonov did not respond to requests for comment on the centre and expansion plans in the drone sector. Under Ukroboronprom, Antonov has designed and built drones in the past, including the Horlytsia model, but cargo planes have long been its primary focus. Antonov's expertise in cargo planes could also be applied to long-distance drones, the source added, giving Ukraine's armed forces the capability to strike deeper into Russian territory. LIVE TESTINGKyiv has used aerial drones to attack airfields and Russian troops and aquatic drones against ships and a bridge.

Persons: Gleb Garanich, Antonov, Oleksandr Kamyshin, Ukroboronprom, inefficiently, Tom Balmforth, Tim Hepher, Mike Collett, White, Alexander Smith Organizations: world's, Independence Day, REUTERS, Reuters, Washington , D.C, Vehicle, Russia, Strategic Industries, Thomson Locations: Kyiv, Ukraine, KYIV, Washington ,, Soviet, Russia

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

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

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

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

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

☆ Europe's space agency welcomes UK deal with EU on satellites
▼ + stars: | 2023-09-08 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

The logo of the European Space Agency (ESA) is seen during the ESA Council at Ministerial level (CM22) at the Grand Palais Ephemere in Paris, France, November 23, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Sept 8 (Reuters) - The European Space Agency on Friday welcomed a deal for Britain to resume full membership of Europe's Copernicus programme, easing doubts over the next batch of climate-tracking satellites and the completion of development work by European space firms. Copernicus is a set of six families of Sentinel satellites designed to read the planet's "vital signs" including carbon dioxide. But following Thursday's agreement, Director General Josef Aschbacher said the deal would allow UK scientists and industry to benefit fully from one of Europe's leading space programmes. The agreement is a boost for satellite manufacturers including Europe's Airbus (AIR.PA), France' Thales (TCFP.PA) and Germany's OHB (OHBG.DE) that had been awarded contracts to build the new set of satellites subject in part to an EU funding deal.

Persons: Benoit Tessier, Europe's Copernicus, Copernicus, Josef Aschbacher, Aschbacher, Germany's, Safran, Tim Hepher, David Evans Organizations: European Space Agency, ESA, Palais Ephemere, REUTERS, Rights, Sentinel, Reuters, Airbus, Thales, Thomson Locations: Paris, France, Britain

☆ Europe to decide within weeks on when to restart space launches
▼ + stars: | 2023-09-04 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

European Space Agency (ESA) General Director Josef Aschbacher speaks during the ESA Council at Ministerial level (CM22) at the Grand Palais Ephemere in Paris, France, November 23, 2022. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 4 (Reuters) - European space officials said on Monday they face crucial timing decisions in the coming weeks on the return to flight of Europe's flagship space launchers following a series of delays. Europe's third traditional path to space, the Russian Soyuz programme, was interrupted last year amid the breakdown in East-West relations following Russia's invasion of Ukraine. Investigators blamed the launch failure on a faulty engine part and a fresh probe was launched in June after the failure of a ground test. Aschbacher said the timing of Vega C's return to operation would be set after the commission reports later this month.

Persons: Josef Aschbacher, Benoit Tessier, Vega, Elon Musk's, Italy's Vega, Aschbacher, Vega C's, Tim Hepher, Jason Neely, Alison Williams Organizations: European Space Agency, ESA, Palais Ephemere, REUTERS, Rights, Russian Soyuz, Elon, Elon Musk's SpaceX, Thomson Locations: Paris, France, Russian, East, Ukraine, Europe, Guiana, Germany

REUTERS/Loren Elliott/file photo Acquire Licensing RightsAug 21 (Reuters) - Boeing (BA.N) is close to securing an order for more of its 787 Dreamliner aircraft from Australia’s Qantas Airways (QAN.AX), industry sources said. Qantas, Boeing and Airbus declined to comment. Qantas, whose original decision to opt for a smaller type of Boeing 787 in 2005 led to a review of Airbus's wide-body strategy, is considered to be among the most influential aircraft buyers. Sources said the upcoming Dreamliner deal swings orders back in Boeing’s favor with the largest variant of 787. Qantas last placed a Dreamliner order in 2018, when it signed a deal for six jetliners meant to replace its remaining Boeing 747s.

Persons: Loren Elliott, Vanessa Hudson, Valerie Insinna, David Shepardson, Tim Hepher, Stephen Coates Organizations: Qantas, Sydney Airport, REUTERS, Boeing, Qantas Airways, Airbus, Incoming Qantas, Australian, Thomson Locations: Sydney, Australia, London, New York, Boeing’s

In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

☆ ESA chief sees Ariane 6 debut launch delayed to next year
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] A worker of Ariane Group stands in front of a Ariane 6 rocket's Vulcain 2.1 engine, prior to the visit of French President Emmanuel Macron, in Vernon, France January 12, 2021. Christophe Ena/Pool via REUTERS/File Photo Acquire Licensing RightsPARIS, Aug 16 (Reuters) - The first launch of Europe's new Ariane 6 rocket has slipped into 2024 after an incomplete recent ground test, the head of the European Space Agency suggested in remarks to Reuters. Ninety percent of July's objectives were met and further tests are scheduled for September, it added. "After this series of tests we plan to consolidate a launch date for Ariane 6," ESA Director General Josef Aschbacher told Reuters. Asked whether it was fair to assume that plans for a test launch before the end of the year were now out of reach, Aschbacher told Reuters, "This is fair to say, yes".

Persons: Emmanuel Macron, Christophe Ena, Safran, Josef Aschbacher, Aschbacher, Guillaume Faury, Tim Hepher, Gerry Doyle Organizations: Ariane, Rights, European Space Agency, Reuters, ESA, Airbus, Paris Air Forum, Thomson Locations: Vernon, France, Guiana, Germany, European

☆ Europe space chief warns over political wavering on climate
▼ + stars: | 2023-08-16 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

"It just confirms that climate change is the biggest threat to our planet, to humankind, and will remain so for the next decades and we do need to do everything we can to mitigate the effects." Scientists say climate change is making heatwaves more frequent, intense and likely to happen across seasons, not just in what were regarded as the summer months. "Acting now is much cheaper than waiting for years and then patching up the damage that has been caused," he said when asked if he saw any signs of drift in Europe's climate agenda. FUNDING GAP AND 'GLOBAL BOILING'Aschbacher is among the most senior climate-monitoring officials to voice concerns over wavering support for measures to combat climate change - a creeping negative reaction that some climate activists have labelled "greenlash". This would significantly impact Europe’s commitment to combating climate change."

Persons: Josef Aschbacher, Aschbacher, Copernicus, Rishi Sunak, Ashbacher, Antonio Guterres, ESA's Copernicus, Tim Hepher, Barbara Lewis Organizations: Copernicus Sentinel, European Space Agency, Handout, REUTERS, Rights, Reuters, Meterological Organization, ESA, GAP, Sentinel, European Union, Negotiations, European Commission, EU, Britain's Department for Science, Innovation, Technology, Thomson Locations: Odemira, Alentejo, Portugal, Greece, Italy, Spain, Paris, Europe, Britain

☆ Exclusive: Israel's El Al in talks to buy Airbus jets in potentially historic shift
▼ + stars: | 2023-08-10 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. A decision likely would be made early in 2024, Ben Tal Ganancia said. At list prices the investment would be near $4 billion but El Al would likely pay far less after discounts. "It is serious," Ben Tal Ganancia said of the talks with Europe's Airbus. In the second quarter, El Al earned a net $59 million versus net profit of $100 million a year earlier.

Persons: Israel El, Eric Gaillard, Dina Ben Tal Ganancia, Ben Tal Ganancia, El Al, Steven Scheer, Tim Hepher, David Goodman, Mark Potter Organizations: Nice, REUTERS, TEL, Al Israel Airlines, Airbus, El, Boeing, Reuters, El Al, Tel Aviv Stock Exchange, Europe's Airbus, Ben Gurion, Revenue, Ben Gurion International Airport, Thomson Locations: Israel, Tel Aviv, France, TEL AVIV, United States, El, Asia, Australia, North America, Istanbul, Dublin, Tokyo, Mumbai, Fort Lauderdale

☆ 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

REUTERS/Stephanie Lecocq/File PhotoLONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday. The junta on Monday braced for a response from the West African regional bloc after ignoring its deadline to reinstate the country's ousted president or face the threat of military intervention. The disruption adds to a band of African airspace facing geopolitical disruptions including Libya and Sudan, with some flights facing up to 1,000 kilometers (620 miles) in detours. But aviation analyst James Halstead said that airlines would mostly have to find alternative routes and difficulties should be limited given the small number of African air connections. Spokespeople for Lufthansa (LHAG.DE) and Brussels Airlines said that flight times could be between one-and-a-half and three-and-a-half hours longer for rerouted flights.

Persons: Charles de, Stephanie Lecocq, FlightRadar24, James Halstead, I'm, Ilona Wissenbach, Tim Hepher, Jason Neely, Mark Potter, Conor Humphries Organizations: REUTERS, West African, Air, Lufthansa, Brussels Airlines, British Airways, Thomson Locations: Air France, Sudan, Djibouti, Paris, Charles de Gaulle, Roissy, France, GDANSK, Libya, detours, Europe, Africa, Ouagadougou, Burkina Faso, Bamako, Mali, Accra, Ghana, Nigeria, South Africa, Ethiopia, West Africa

☆ Airbus delivered 381 jets in first seven months of 2023
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: 1 min

An Airbus A321 neo flies during a flying display at the first day of the 52nd Paris Air Show at Le Bourget airport near Paris, France June 19, 2017. REUTERS/Pascal Rossignol/File PhotoPARIS, Aug 4 (Reuters) - Airbus (AIR.PA) deliveries rose 11% in the first seven months of the year to 381 airplanes, the European planemaker said on Friday. For July, deliveries stood at 65 aircraft, it said in a monthly commercial update, confirming a Reuters report. Airbus also said it had booked 60 gross orders in July. Reporting by Tim Hepher; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, planemaker, Tim Hepher, Jason Neely Organizations: Airbus, 52nd Paris Air, REUTERS, Thomson Locations: Le Bourget, Paris, France

☆ American Airlines says in talks with Airbus, Boeing over narrowbody jet order
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

An American Airlines aircraft flies past JetBlue and United Express aircraft as it lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File PhotoAug 2 (Reuters) - American Airlines (AAL.O) said on Wednesday that it is in talks with planemakers Airbus (AIR.PA) and Boeing (BA.N) over a new narrowbody jet order, at a time when airlines rush to order more aircraft amid a travel boom. Bloomberg News earlier reported that the airline was in talks with the companies to order at least 100 jets, citing people familiar with the matter. "We are talking to Boeing and Airbus about our narrowbody aircraft needs for the latter half of this decade and beyond," American said in a statement. Airbus, when contacted by Reuters, said "we have no comment on our confidential commercial talks, which may or may not be happening."

Persons: Joshua Roberts, Max, Airbus's, Nathan Gomes, Tim Hepher, David Shepardson, Milla Nissi Organizations: American Airlines, JetBlue, United Express, Reagan National Airport, REUTERS, Airbus, Boeing, Bloomberg, Reuters, Thomson Locations: Arlington , Virginia, U.S, Bengaluru, Paris, Washington ,

REUTERS/Joe Skipper/File PhotoPARIS, Aug 2 (Reuters) - U.S. space venture company Voyager Space and Airbus (AIR.PA) said on Wednesday they will co-operate more closely in the race to build a private version of the International Space Station. Voyager Space also declined to discuss funding plans. "Lockheed will likely still have a role to play somewhere within the supply chain," Dylan Taylor, CEO of Voyager Space told reporters. Lockheed remains an important customer for Voyager and Starlab will remain U.S.-led, he added. Voyager Space and Airbus have said Starlab would deploy in 2028, but backed away from a specific timeline on Wednesday.

Persons: Joe Skipper, Voyager's Starlab, Lockheed Martin, Dylan Taylor, Jeff Bezos, we're, Taylor, Tim Hepher, Joey Roulette, Jane Merriman Organizations: NASA, Vehicle, Kennedy Space Center, REUTERS, Space, Airbus, International Space, Lockheed, Voyager Space, Thomson Locations: Cape Canaveral , Florida, U.S, Columbus, Europe

[1/2] 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. Hawaiian Airlines warned it might have to adjust its capacity, but said it was too early to assess the impact. Spirit Airlines previously cut 2023 capacity estimates due to a lack of working GTF engines. A spokesperson said the New York-based carrier was working with Pratt to assess the impact of the latest problem. In a regulatory filing, the company previously warned it was "vulnerable to significant problems" associated with Pratt & Whitney's GTF engines.

Persons: Pratt & Whitney, Benoit Tessier, Pratt, Addison Schonland, RTX, Schonland, Peter Ingram, Scott Haralson, Whitney's, Wizz, Rajesh Kumar Singh, Tim Hepher, Valerie Insinna, Ben Klayman, Jamie Freed Organizations: Pratt &, International Paris Air, Le, REUTERS, Airline, Pratt & Whitney, Pratt, Airbus, Carriers, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz, JetBlue, Thomson Locations: Le Bourget, Paris, France, PARIS, Pratt, Florida, New York, New York City, Chicago, Washington

Microscopic contaminants were found in a metal used in the engine's high-pressure turbine discs - part of the engine core. In an interview, Chief Executive Greg Hayes acknowledged the airlines' frustration over a spate of problems with the Geared Turbofan (GTF) engines over the last seven years. While the latest GTF issue could be the last straw for some, we suspect that the negative (share price) response is overdone". Low-cost Indian carrier Go First, which plunged into financial crisis this year, blamed "faulty" Pratt & Whitney engines for the grounding of about half its 54 Airbus A320neos. Announcing quarterly earnings on Tuesday, RTX increased its 2023 sales expectation from $72 billion to $73 billion to $73 billion to $74 billion.

Persons: Whitney, Pratt, Greg Hayes, Safran, RTX, Robert Stallard, Wizz, Hayes, Pratyush Thakur, Valerie Insinna, Mike Stone, Susan Mathew, Rajesh Singh, Tim Hepher, Shounak Dasgupta, Sharon Singleton, Nick Zieminski Organizations: Pratt, Airbus, U.S, RTX Corp, Raytheon Technologies, CFM International, GE, Reuters, Research, Spirit Airlines Inc, JetBlue Airways, Wizz, Thomson Locations: Paris, Bengaluru, Washington, Chicago

☆ Airlines shares hit turbulence on Alaska's dour forecast, RTX engine problem
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File PhotoJuly 25 (Reuters) - U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group (ALK.N) and a warning on jet engines by aerospace giant RTX (RTX.N). Alaska's shares plunged 11.2% in morning trade, dragging United Airlines (UAL.O), American Airlines (AAL.O), Southwest Airlines (LUV.N) and Delta Air (DAL.N) down between 2.5% and 5%. Jetblue's shares fell about 5%, while those of ultra-low-cost carrier Spirit Airlines declined about 3%. Paris-listed shares of Airbus (AIR.PA) fell 2%.

Persons: Ben Nelms, Stephen Trent, Whitney, Art Hogan, You've, Shivansh, Johann M Cherian, Tim Hepher Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Investors, Citi, United Airlines, American Airlines, Southwest Airlines, Delta Air, Raytheon, Pratt, Airbus, Riley Wealth, Spirit Airlines, Jetblue Airways, Thomson Locations: Richmond , British Columbia, Canada, Alaska, Boston, Paris, Bengaluru

PARIS, July 25 (Reuters) - France's Thales (TCFP.PA) said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion away from its historic defence business to the war against hacking. "This really changes our scale in civil cybersecurity," Thales Chief Executive Patrice Caine told analysts, adding that the deal represented a rare opportunity to become a premium player on a global scale in cybersecurity. Thales said the price of the deal implied an enterprise value of 17 times 2024 operating earnings. Thales said buying Imperva would generate around $110 million of pretax synergies, including $50 million of cost savings and $60 million linked to revenue opportunities. Thales said the deal would close in 2024 subject to approvals, and did not anticipate significant hurdles.

Persons: Thoma, Patrice Caine, Thales, Jefferies, Chloe Lemarie, Caine, Morgan Stanley, Sudip Kar, Muralikumar Anantharaman, Kim Coghill, Bernadette Baum Organizations: Thales, Thoma Bravo, PwC, Cobham Aerospace Communications, Thomson Locations: cybersecurity, France, Paris, Europe

☆ Exclusive: Airbus weighs separate boss for planemaking arm - sources
▼ + stars: | 2023-07-24 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

[1/2] Airbus CEO Guillaume Faury takes part in a panel discussion at the International Air Transport Association's (IATA) Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. That mirrors a structure under which the planemaking business technically owns the two smaller divisions, Helicopters and Defence & Space, following an internal merger. Airbus says it is no longer politically driven following an agreement to limit government interference a decade ago. But such a structure would draw inevitable comparisons with the era of former planemaking chief Fabrice Bregier, who left Airbus in 2018 after a power battle with then CEO Tom Enders. INTERNAL BALANCEHaving a visible planemaking leader would more closely echo rival Boeing (BA.N), each of whose divisions has its own boss.

Persons: Guillaume Faury, Brian Snyder, Faury, apppointed, Fabrice Bregier, Tom Enders, Bruno, Alberto Gutierrez, Tim Hepher, Mark Potter Organizations: International Air Transport, REUTERS, Airbus, Helicopters, Defence, Space, Airbus Helicopters, Boeing, Thomson Locations: Boston , Massachusetts, U.S, France, Germany, Spain, Ukraine

☆ Exclusive: Airbus A321XLR jet faces range gap after design safeguards -sources
▼ + stars: | 2023-07-21 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, July 21 (Reuters) - Airbus (AIR.PA) is grappling with a growing shortfall in the range of its upcoming A321XLR passenger jet after reaching an agreement with European regulators on design safeguards needed to achieve certification, industry sources said. "Airbus expects no significant impact on the XLR’s unique range advantage in the single-aisle segment," an Airbus spokesperson said in response to a Reuters query. But the design raised concerns among regulators about the risk of fire and evacuation times in the event of an accident, prompting talks over design changes needed for certification. This would trim the maximum range, which Airbus officially pegs at 4,700 nautical miles (8,700 km). Airbus aims to certify the A321XLR by end-year and deliver the first aircraft in the second quarter of 2024.

Persons: Philippe Mhun, FlightGlobal, Tim Hepher, Rajesh Kumar Singh, Louise Heavens Organizations: Airbus, Le, European Union Aviation Safety Agency, Reuters, JetBlue, Thomson Locations: Boeing's, Le Bourget, Paris, New York, America, Europe

The deal to buy Collins' actuation and flights controls business marks the French engine and aircraft equipment maker's biggest acquisition since the 2018 purchase of seat maker Zodiac. "We are going to move towards more electrical actuation and flight controls," Safran's Chief Executive Officer Olivier Andries said. Collins Aerospace, part of U.S. aerospace and defence giant Raytheon Technologies, recently renamed RTX (RTX.N), said the sale would "optimize resources". Safran said its all-cash offer gave the business it is acquiring an enterprise value of $1.8 billion. Safran said Collins would remain a key customer for the business as a manufacturer of nacelles or engine housings for jetliners, making up 25% of the acquired activity's revenues.

Persons: France's Safran, SAF.PA, Collins, Olivier Andries, Safran, Andries, Pascal Bantegnie, Augustin Turpin, Tim Hepher, Jan Harvey, Jane Merriman, Elaine Hardcastle Organizations: Collins Aerospace, Raytheon Technologies, Airbus, Boeing, French Rafale, Parker Aerospace, Thomson Locations: U.S, Paris, American, Eaton, United States, Europe

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