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☆ Russian manufacturer test-flies prototype widebody passenger airplane
▼ + stars: | 2023-11-08 | by ( Barry Neild | Anna Chernova | ) edition.cnn.com time to read: +4 min

CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.

Persons: CNN —, it’s, ”, Denis Manturov, Vladimir Putin, Murdo Morrison, ‘, Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, ”, Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, “, Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow

☆ Airbus raises A350 output goal as core Q3 profits rise
▼ + stars: | 2023-11-08 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The world's largest planemaker said it was aiming to return to pre-COVID levels of 10 A350 jets a month in 2026, up from a previous goal of nine a month by end-2025. Adjusted operating earnings came in at 1.013 billion euros ($1.08 billion) in the quarter, up 21%, as revenues rose 12% to 14,897 billion. Analysts expected earnings of 1.142 billion euros on revenues of 15.098 billion, according to a company-compiled consensus. Production on the company's main profit-generating programme the Airbus A320 family, is "progressing well" towards a previously announced target of 75 a month in 2026, Airbus said.

Persons: Peter Cziborra, Tim Hepher, Matt Scuffham, Sharon Singleton Organizations: Airbus, Farnborough, REUTERS, Rights, Industry, Thomson Locations: Farnborough, Britain

☆ US FAA to hold new round of runway-safety meetings after close calls
▼ + stars: | 2023-11-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A commercial aircraft approaches to land at San Diego International Airport in San Diego, California, U.S., January 6, 2022. The new meetings with the FAA, airlines, pilots, airport vehicle drivers and others will take place by Dec. 31. On Thursday, a U.S. Senate Commerce subcommittee will hold a hearing on recent incidents that raised questions about FAA air traffic control operations. The hearing will include FAA Air Traffic Organization head Tim Arel, National Transportation Safety Board Chair Jennifer Homendy, National Air Traffic Controllers Association (NATCA) President Rich Santa, Air Lines Pilots Association President Jason Ambrosi and former FAA administrator Randy Babbitt. The FAA said in September it was seeking recommendations on making it compulsory for airports to include cockpit-alerting technologies that could improve runway safety.

Persons: Mike Blake, Washington Reagan, Tim Arel, Jennifer Homendy, Rich, Jason Ambrosi, Randy Babbitt, Homendy, Bernadette Baum Organizations: San Diego International Airport, REUTERS, Rights, U.S . Federal Aviation Administration, FAA, National Transportation Safety Board, Fort, U.S, Senate, FAA Air Traffic Organization, Transportation, National Air Traffic Controllers Association, Rich Santa, Air Lines Pilots, Southwest Airlines, Boeing, Cessna, FedEx, Southwest Boeing, Thomson Locations: San Diego , California, U.S, Boston, Newark, Washington, Dallas, Fort Worth, Austin , Texas

Chris Caputo stood on the tarmac at Burlington International Airport in Vermont in early October and looked to the clouds in the distance. He had piloted military and commercial aircraft over a long career, racking up thousands of flight hours, but the trip he was about to take would be very different. Over the next 16 days, he and his colleagues flew the plane, an CX300 built by their employer, Beta Technologies, down the East Coast. They would make nearly two dozen stops to rest and recharge, flying through congested airspace in Boston, New York, Washington and other cities. When the journey came to an end in Florida, Beta handed the plane over to the Air Force, which will experiment with it over the next few months.

Persons: Chris Caputo, Caputo Organizations: Burlington International, Beta Technologies, Beta, Air Force Locations: Vermont, East Coast, Boston , New York, Washington, Florida

☆ Boeing's now lost more than $2 billion on the new Air Force One planes – and has Donald Trump to blame
▼ + stars: | 2023-10-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Boeing lost another $482 million in the third quarter on the new Air Force One aircraft. AdvertisementAdvertisementBoeing lost another $482 million on building two planes that will become the new Air Force One, according to its latest earnings report. Known as VC-25Bs, the new aircraft will be larger and more fuel efficient, allowing the US Air Force to save roughly $1.9 billion in operations and maintenance costs during the jets' 20 to 30-year lifespans. When Air Force One was last replaced during the George H.W. Revenue rose 13% to $18.1 billion, reflecting the delivery of 105 commercial aircraft, while the net loss narrowed from $3.3 billion to $1.6 billion.

Persons: —, Donald Trump, George H.W, Dave Calhoun, Calhoun Organizations: Boeing, Air Force One, Service, Air Force, US Air Force, CNN, White, Los Angeles Times, Force, Defense, Security, Revenue Locations: Bush

☆ Boeing cuts 737 Max delivery forecast as production issues dent third-quarter results
▼ + stars: | 2023-10-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017. Boeing said Wednesday it will deliver fewer 737 Max aircraft than it previously expected this year as it works through production flaws detected on some of the best-selling aircraft. Boeing maintained its expectations for 2023 free cash flow of $3 billion to $5 billion, despite the production problems. I view it as quite the opposite," CEO Dave Calhoun said in an employee note on Wednesday, as the company reported third-quarter results. ET when executives will face questions about its production pace, demand and how it expects to improve margins in its defense unit.

Persons: we've, Dave Calhoun Organizations: Boeing, Max, Budget, Ryanair, Sales, Air Force, Revenue Locations: Renton , Washington , U.S, LSEG

☆ US says lead emissions from small piston-engine aircraft pose public health danger
▼ + stars: | 2023-10-18 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 18 (Reuters) - The U.S Environmental Protection Agency on Wednesday issued a final determination declaring that emissions from aircraft that use leaded fuel pose a danger to public health, following years of study. Aircraft that do use leaded fuel are typically small piston-engine planes that carry two-10 passengers and are around 45 to 47 years old. The EPA's review of lead emissions from aircraft dates to 2006, when it received a petition asking for regulation of lead emissions from privately owned airplanes. While levels of airborne lead in the United States have declined 99% since 1980, piston-engine aircraft are the largest remaining source of lead emissions into the air. Reuters first reported in January 2022 that the EPA was again reviewing whether emissions from piston-engine aircraft operating on leaded fuel contribute pose a danger to public health.

Persons: Michael Regan, David Shepardson, Leslie Adler Organizations: U.S Environmental Protection Agency, Aircraft, EPA, Federal Aviation Administration, FAA, Reuters, Thomson Locations: U.S, United States

☆ China kicks off its plan to take on the cruise industry: 'There's no turning back'
▼ + stars: | 2023-09-30 | by ( Hannah Towey | Brittany Chang | ) www.businessinsider.com time to read: +7 min

After a three-year hiatus, international cruise lines can resume sailings from China. AdvertisementAdvertisementRoyal Caribbean's Wonder of the Seas, once the world's largest cruise ship, was originally scheduled for year-round sailing from China. Then COVID-19 shut down the cruise industry and China blocked sailings from international cruise lines. Now, after a three-year hiatus, international cruise lines can resume sailings from China. Enter the Adora Magic City, the first Chinese-built and operated cruise ship.

Persons: —, Kun Cao, Reddal, James D, Morgan China, Cao, Joel Katz, Asia —, Michael Bayley, Bayley, Yang Guobing, Andy Stuart, Skift, it's Organizations: Service, Seas, Royal Caribbean, Magic City, Cruise, Royal Caribbean International, China China's, China State Shipbuilding Corporation, Carnival Corporation, Publishing, Getty Images, Viking Cruises, China Merchants Group, Royal, MSC, CSSC Carnival Cruise Shipping, Xinhua, Getty, Cruise Line, Global Times Locations: China, Shanghai, Fort Lauderdale , Florida, Southern, Magic, Caribbean, Asia, Australasia, CLIA, United States, Miami, Switzerland, Royal Caribbean, —, Norwegian, Alaska

A Comac C919, China's first large passenger jet, flies away on its first commercial flight from the Shanghai Hongqiao International Airport in Shanghai, China May 28, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 28 (Reuters) - China Eastern Airlines (600115.SS) said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC). The list price for the C919 is $99 million but aircraft can be sold at discounts of up to 50%, especially for new models. Next, the plane manufacturer will cooperate with China Eastern more closely, to show other potential users the reliability and performance of C919." China Eastern will get delivery of five aircraft in 2024, while ten are to be delivered each year from 2025 to 2027.

Persons: Aly, Li Hanming, Li, COMAC, COMAC's, Sophie Yu, Brenda Goh, Neil Fullick, Peter Graff, Miral Organizations: Shanghai Hongqiao International, REUTERS, Rights, China Eastern Airlines, Commercial Aircraft Corporation of China, Airbus, Boeing, China Eastern, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing, Washington, Brunei

☆ China Eastern Airlines just made the biggest Comac C919 order ever, for 100 planes
▼ + stars: | 2023-09-28 | by ( ) edition.cnn.com time to read: +2 min

Beijing Reuters —China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC). The list price for the C919 is $99 million but aircraft can be sold at discounts of up to 50%, especially for new models. The deal comes five months after the Chinese passenger plane, developed by state-owned COMAC to rival Airbus’ A320neo and Boeing’s (BA) 737 MAX single-aisle jet families, took its first flight in May with China Eastern. China Eastern will get delivery of five aircraft in 2024, while ten are to be delivered each year from 2025 to 2027. The deal includes 15 orders of COMAC’s ARJ21 aircraft and 15 of the C919.

Persons: Li Hanming, ” Li, “ COMAC, COMAC’s Organizations: Beijing Reuters, China Eastern Airlines, Commercial Aircraft Corporation of China, Airbus ’, China Eastern, Boeing Locations: Beijing, Shanghai, Washington, China, Brunei

☆ I'm a former air traffic controller and I'm not alarmed by the recent number of close call collisions. Passengers shouldn't be either — here's why.
▼ + stars: | 2023-09-27 | by ( Jenny Powers | ) www.businessinsider.com time to read: +8 min

Kevin Karpé spent 31 years as an air traffic controller and air traffic manager. He says despite the nationwide air traffic controller shortage, the system is managed by very professional people. I've spent 31 years with the Federal Aviation Administration (FAA) as both an air traffic controller and air traffic manager. AdvertisementAdvertisementWhen a close call like that occurs, an air traffic controller may have put the air carriers in that position. AdvertisementAdvertisementToday if an air traffic controller has an operational error they can voluntarily report the incident using the Air Traffic Safety Action Program (ATSAP).

Persons: Kevin Karpé, Karpé, —, It's, it's, I've, I'm, hasn't, Ronald Reagan Organizations: Service, Vector Aviation Consulting, New York Times, Federal Aviation Administration, FAA, Air Traffic, Pacific Regional Headquarters, Harvard University Locations: San Diego , California, ATSAP, Washington ,, JFK

☆ Airbus names sales chief Scherer CEO of planemaking arm
▼ + stars: | 2023-09-26 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Scherer's appointment as Commercial Aircraft CEO, first reported by Reuters, will take effect from Jan. 1 after discussions with unions, Airbus said. Scherer, who is currently chief commercial officer, said Airbus would meet its operational objectives. Airbus formally merged with its dominant planemaking business in 2018, meaning it combines two separate headquarters and operational functions under one CEO, with the Helicopters and Defence & Space divisions sitting underneath. The shake-up brings back a separate planemaking CEO under the same roof but the company does not appear to be re-creating two entities, something that had created a stage for chronic in-fighting in the past.

Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Tim Hepher, Louise Heavens Organizations: Airbus, Reuters, International Air, REUTERS, Rights, Commercial Aircraft, Boeing, Helicopters, Defence, Space, Thomson Locations: Boston , Massachusetts, U.S

☆ 'There's a significant number of upside opportunities': A top-3% fund manager shares 9 of his favorite investments to make now — and why China's economy is in big trouble
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Leading fund manager Mark Costa operates in one of the toughest parts of global markets: the foreign small- and mid-cap value category. In the past decade, his Brandes International Small Cap Value Fund (BISAX) has outperformed 91% of its peers despite logging a modest 4.8% annual return in that span. Of the 11 years that Costa has co-managed the fund, 2023 is shaping up to be one of the best. His foreign-focused small-cap value fund is up 25.3% year-to-date compared to 6% for its index, which puts it in the top 3% of its category, according to Morningstar. The best opportunities Costa sees in Japan are in its regional banking and healthcare industries.

Persons: Mark Costa, he's, Brandes, Costa, Morningstar, Costa wasn't, we've, Yue Yuen, We've, they've Organizations: Costa, Value, PAX, Companies, Royce, C Locations: China, it's, Hong Kong, Indonesia, People's Republic, Europe, Japan, United Kingdom

☆ 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

A highly anticipated report published by NASA on Thursday underscored challenges to understanding unidentified anomalous phenomena, or UAP, including stigma and poor data quality. The report, which comes from NASA’s UAP Independent Study Team, found no evidence to suggest that UFOs have an extraterrestrial origin. “The NASA independent study team did not find any evidence that UAP have an extra terrestrial origin,” Nelson said. “Stigma has limited reporting by pilots, both civilian and military,” David Spergel, chair of the UAP Independent Study Team, said at the press briefing. When asked during a briefing in May why the team doesn’t use the term UFO for the report, Evans said “because of the stigma associated with UFOs.”

Persons: Bill Nelson, ” Nelson, ”, “, Daniel Evans, ” David Spergel, Evans Organizations: NASA, NASA’s, UAP

☆ Investing in Space: Beyond the battlefield
▼ + stars: | 2023-09-12 | by ( Morgan Brennan | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. "Defense happens to be our largest customer and market that we serve, but we make systems that go beyond in terms of applications, to more product lines or capabilities have very direct implications to space," Nawabi said on CNBC's "Manifest Space" podcast. It's best known perhaps for the design and development of the Mars Ingenuity helicopter with NASA's Jet Propulsion Laboratory. Recently, however, Ingenuity conducted its 57th flight, surpassing 100 minutes of total Mars flight time. The lessons learned from this endeavor will also apparently bolster the emerging space robotics business.

Persons: CNBC's Michael Sheetz, Morgan Brennan, Michael Sheetz, AeroVironment, Wahid Nawabi, Nawabi, There's Organizations: CNBC, Revenue, NASA's Jet Propulsion Laboratory, NASA, Softbank, Airbus, FAA Locations: Ukraine, Simi Valley, Calif

☆ Putin and Kim Jong Un have been trading letters as secret talks on getting North Korean weapons into Russia's hands are 'actively advancing,' White House says
▼ + stars: | 2023-08-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Arms negotiations between Russia and North Korea are "advancing," a White House official said. Several months later, the White House disclosed that Russia had gone as far as to offer food to impoverished North Korea in exchange for military aid. He asserted that the US will take action by sanctioning individuals and entities "working to facilitate arms deals between these two countries." The Biden administration's new warning about Russia's quest for military support on Wednesday comes as Ukrainian forces continue to make slow and steady territorial gains amid their grueling counteroffensive in the eastern and southern regions. Despite criticism and concerns from some in the West about Ukraine's progress, Washington and its NATO allies have asserted their commitment to providing Kyiv with military support.

Persons: Putin, Kim Jong Un, Sergei Shoigu, Vladimir Putin, Kim Jong, John Kirby, Shoigu's, Kirby, Biden, Washington, We're, Bram Janssen, Janet Yellen Organizations: White, Service, Russia, Defense, Artillery, North, National Security, DPRK, Democratic People's, Russia's, Russian, Korean Central News Agency, KCNA, REUTERS, US, Wagner Group, Kremlin, White House, United Nations, AP, US Treasury Department, Slovakian, NATO, Pentagon Locations: Russia, North Korea, Wall, Silicon, Russia North Korea, Moscow, Ukraine, Russian, Pyongyang, North Korean, Korea, Democratic People's Republic of Korea, Iran, DPRK, Washington

☆ Your boarding pass and weight, please: Why airlines are asking passengers to step on the scales
▼ + stars: | 2023-08-28 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +8 min

Starting Monday, passengers flying on Korean Air may be asked to step on a scale before boarding their flight. Is it reasonable to weigh passengers? "Fuel is 20 times more than the passenger weight," he said. Where airlines weigh passengersAir New Zealand weighed passengers in June for reasons, it said, related to safety and fuel efficiency. Commercial airline seating is based on average passenger weight from the 1950s to 1970s, Hilderman said.

Persons: —, Vance Hilderman, Shem Malmquist, Hilderman, we're, Jose Silva, Finnair, Nick Gausling, Gausling, Tigress Osborn, Jodi Jacobson Organizations: Korean, Korean Air, CNBC, Gimpo, Incheon Airport, Bombardier, Embraer, Aviation, Istock, Florida Tech's College of Aeronautics, Transport & Health, RMIT University's School of Engineering, U.S . Federal Aviation Administration, New Zealand, Hawaiian Air, Samoa Air, Reuters, Flyers, European Union Aviation Safety Agency, International Civil Aviation Organization, Romy Group, National Association Locations: Honolulu, American Samoa, United States, Europe

☆ Dangerously close near-miss incidents across the US are a wakeup call to the aviation industry
▼ + stars: | 2023-08-23 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

The New York Times cited a shortage of air traffic controllers as a significant factor in the string of close calls. During breakout sessions at the safety summit, officials offered theories like inexperienced first officers and overworked air traffic controllers as contributing to the near-disasters. The Times pointed to the challenges surrounding air traffic controllers, in particular, as a root cause. "Air traffic controllers and pilots all play critical roles." While technology is important, Brickhouse says humans are still essential to aviation safety.

Persons: John F, Billy Nolen, Anna Moneymaker, Tim Arel, Anthony Brickhouse, Kathleen Bangs, Tami Chappell, Austin isn't, Brickhouse Organizations: Federal Aviation Administration, New York Times, Morning, Delta Air Lines Boeing, Kennedy International Airport, American Airlines Boeing, Delta, FedEx Boeing, Southwest Boeing, JetBlue Airways, Times, Frontier Airlines, Southwest Airlines, Boeing, FAA, Air Traffic Organization, Embry Riddle Aeronautical University, Delta Air Lines, Hartsfield Jackson, International Airport, REUTERS, Southwest, FedEx, New, JFK, Aviation Locations: Austin , Texas, Denver, Tenerife, Spain, Atlanta , Georgia, U.S, Austin, New York

☆ Airline close calls have been happening multiple times per week, report finds
▼ + stars: | 2023-08-21 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

On average, there have been multiple airline close calls per week so far this year, the report says. Several of the close calls were linked to mistakes by air traffic controllers, a workforce that's severely understaffedA government audit released in June found that 77% of critical air traffic control facilities in the US are staffed below the recommended threshold. Shaun Best/ReutersClose-call incidents are often the result of human error, such as mistakes made by air traffic controllers and pilots, the investigation found. The US continues to face a shortage of air traffic controllers, with 77% of critical air traffic control facilities in the US staffed below the recommended threshold, according to a government audit released in June. Are you an air traffic controller or training to become one?

Persons: It's, Shaun Best, General Organizations: New York Times, Federal Aviation Administration, Times, Southwest Airlines, FAA, Safety, Reuters, Transportation Department Locations: San Diego

An Embraer E195-E2 Profit Hunter aircraft is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier//File PhotoSAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added. The planemaker reported a 25% increase in second quarter adjusted net profit to $57.9 million, more than double the $24.3 million forecast by analysts polled by Refinitiv.

Persons: Benoit Tessier, Francisco Gomes Neto, Gomes Neto, BTG Pactual, Gabriel Araujo, Jason Neely, Barbara Lewis, Sharon Singleton Organizations: Embraer, Hunter, International Paris Air, Le, REUTERS, SAO PAULO, EMBR3, Airbus, Boeing, Refinitiv, JPMorgan, Thomson Locations: Le Bourget, Paris, France

☆ In a desperate scramble for ammo, Russia's defense chief flew all the way to North Korea to beg for some of theirs
▼ + stars: | 2023-08-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russia's defense chief traveled to North Korea recently to try and secure more ammunition. Shoigu went to Pyongyang "in a bid to convince North Korea to sell munitions to Russia to support Russia's war," Kirby added. Kirby said on Thursday that any arms deal between Russia and North Korea would be in violation of United Nations Security Council resolutions. North Korean leader Kim Jong Un walks with Russian Defense Minister Sergei Shoigu in Pyongyang, North Korea, on July 27, 2023. Iran has outfitted Russia's military with explosive drones that Moscow has used for nearly a year to attack Ukrainian cities and the country's civil infrastructure.

Persons: Vladimir Putin's, Biden, Vladimir Putin, Sergei Shoigu, Shoigu, Kim Jong Un, John Kirby, Kirby, Li Hongzhong, Kim, Kim Jong, Putin, he's, Volodymyr Zelenskyy, there's Organizations: White, US, Service, Russian, North, DPRK, Ukraine, National Security, Democratic People's, Chinese Communist Party, Russia's, Korean Central News Agency, KCNA, REUTERS, Korean, Wagner Group, US Treasury Department, Slovakian, United Nations, Russian Defense Locations: North Korea, Ukraine, Russia, Wall, Silicon, Moscow, North Korean, Democratic People's Republic of Korea, Pyongyang, REUTERS North Korea, Korea, Iran, China, Washington, Beijing

CNN —A mysterious cylinder that washed ashore in Western Australia is debris from an Indian space launch, authorities in both countries have said, ending a flurry of speculation over the object’s origin. The cylinder was part of a Polar Satellite Launch Vehicle that the Indian Space Research Organization (ISRO) had previously launched, Sudheer Kumar, a director at ISRO, told CNN. The Australian Space Agency had previously tweeted on Monday that it had concluded its investigation into the object, and had reached the same conclusion. The Australian Space Agency said Monday that if any further suspected debris is found, it should be reported to local authorities. The debris remains in storage and the Australian Space Agency is working with ISRO, who will provide further confirmation to determine next steps, including considering obligations under the United Nations space treaties,” the Australian space agency added.

Persons: Sudheer Kumar, ” Organizations: CNN, Indian Space Research Organization, ISRO, Australian Space Agency, United, Police Locations: Western Australia, Perth, United Nations, India, Australian

☆ Bank of America upgrades Boeing, says shares can rally nearly 30%
▼ + stars: | 2023-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Boeing has been able to "navigate the turbulence," according to Bank of America — which says the worst is now behind the company. Passenger demand has been lifted to near pre-pandemic levels thanks to the post-Covid recovery, analyst Epstein wrote in a Thursday note. "Boeing is participating in the commercial aerospace recovery, as part of the global duopoly in large commercial aircraft manufacturing, with some company-specific challenges. Epstein said tailwind from higher delivery rates can help the company also offset its lower profitability rates from its defense segment. Shares traded 0.8% higher Thursday before the bell, after gaining 8.7% during Wednesday's trading session on second-quarter results that showed an increase in commercial aircraft deliveries.

Persons: Ronald Epstein, Epstein, — CNBC's Michael Bloom Organizations: Boeing, Bank of America

☆ Here's what happens to the Dow after a 13-day winning streak, according to history
▼ + stars: | 2023-07-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average closed higher for 13 consecutive days this week, notching its longest winning streak since 1987. Only four such rallies were sustained for 12 days, with the longest winning stretch set at a record 13 days in 1987. In the week following a 10-day streak of gains, stocks have previously held on to their profits, staying flat on average. On average, stocks were also flat a month after a 10-day winning streak. In the quarter after a 10-day streak of gains, stocks have returned an average 2.4% in the past.

Persons: Dow Jones, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, —, Fred Imbert Organizations: Dow Jones, America, Boeing, Dow, CNBC, Investors, Federal

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