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☆ Ukraine says it's now a de facto member of NATO — further underlining a crucial error in Putin's invasion
▼ + stars: | 2023-01-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Ukraine has become a "de facto" NATO member since Russia's invasion, its defence minister said. Russia used the potential of NATO expanding to Ukraine as an pretense for its invasion. But this appears to have backfired, instead bringing it closer to the Western military alliance. Oleksii Reznikov told the BBC in an interview broadcast on Friday that NATO's support for Ukraine meant "Ukraine as a country, and the armed forces of Ukraine, became [a] member of NATO." Putin partly justified his invasion of Ukraine by saying that he was worried NATO was expanding towards Russia's borders, including into Ukraine.

☆ Morgan Stanley downgrades Boeing, says shares are approaching 'cruising altitude' after recent outperformance
▼ + stars: | 2023-01-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Boeing shares are approaching "cruising altitude" after taking off at the tail end of 2022, according to Morgan Stanley. "We see a balanced risk reward as the majority of the near- and medium-term positive catalysts for the stock have been realized," she wrote. "Going forward, we expect Boeing to trade on execution of its 2025/2026 aircraft production rate targets and free cash flow generation." Despite the downgrade, Liwag expects Boeing to post its first positive free cash flow year in 2022 after burning through funds amid regulatory issues related to its 737 MAX and 787 models. She upped her price target on shares to $220 from $213, representing a little over 5% upside from Monday's close.

☆ Travelers rush to take advantage of China reopening
▼ + stars: | 2023-01-08 | by ( ) www.cnbc.com time to read: +8 min

After years of separation from his wife in mainland China, Hong Kong resident Cheung Seng-bun made sure to be among the first in line following the reopening Sunday of border crossing points. Those crossing between Hong Kong and mainland China, however, are still required to show a negative COVID-19 test taken within the last 48 hours — a measure China has protested when imposed by other countries. Hong Kong media reports said around 300,000 travel bookings from the city to mainland China have already been made, with a daily quota of 60,000. "I've been under isolated quarantine for six times in different cities (in mainland China)," said Ivan Tang, a Hong Kong business traveler. Meanwhile, more foreign governments are imposing testing requirements on travelers from China — most recently Germany, Sweden and Portugal.

☆ Southwest's antiquated and atypical flight systems are partially responsible for cancellation chaos, airline experts say
▼ + stars: | 2022-12-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

An outdated scheduling system and unique flight network structure exacerbated the problem. Airline analysts and industry experts told Insider and other outlets that Southwest's outdated scheduling system and atypical approach to mapping its flight network were partially responsible for the crisis. Canceled Southwest Airlines flights show on a monitor at Hollywood Burbank Airport, Tuesday, Dec 27, 2022. The problem has been further inflamed by Southwest's scheduling system. Passengers wait in line to claim their baggage at Nashville International Airport after their flights on Southwest Airlines were cancelled in Nashville, Tennessee, on December 27, 2022.

☆ U.S. lawmakers back key Boeing 737 MAX certification deadline waiver
▼ + stars: | 2022-12-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Congressional leaders attached thewaiver to a bill to fund U.S. government operations and to require new safety enhancements for existing MAX aircraft proposed by U.S. Cantwell's language requires retrofitting existing MAX planes with a synthetic enhanced angle-of-attack (AOA) system and the ability to shut off stall warning and overspeed alerts. It gives airline operators three years from the time the 737 MAX 10 is certified to retrofit existing MAX planes and says Boeing must bear those costs. Faulty data from a single sensor erroneously activated a software function called MCAS and played critical roles in both fatal 737 MAX crashes, investigations found. Boeing declined to comment on Monday, but Boeing Commercial Airplanes Chief Executive Stan Deal said last week the planemaker supported Cantwell's safety retrofit proposal.

☆ U.S. lawmakers back key Boeing 737 MAX deadline waiver
▼ + stars: | 2022-12-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The company had been heavily lobbying for months to convince lawmakers to waive the Dec. 27 deadline that affects its MAX 7 and MAX 10 airplanes which was imposed by Congress in 2020 after two fatal 737 MAX crashes killed 346 people in Indonesia and Ethiopia. Congressional leaders attached thewaiver to a bill to fund U.S. government operations and to require new safety enhancements for existing MAX aircraft proposed by U.S. Cantwell's bill requires retrofitting existing MAX planes with a synthetic enhanced angle-of-attack system and the ability to shut off stall warning and overspeed alerts. It gives airline operators three years from the time the 737 MAX 10 is certified to retrofit existing MAX planes and says Boeing must bear those costs. Boeing declined to comment on Monday, but Boeing Commercial Airplanes Chief Executive Stan Deal said last week the planemaker supported Cantwell's safety retrofit proposal.

☆ Exclusive: U.S. lawmakers set to back Boeing 737 MAX certification extension
▼ + stars: | 2022-12-19 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Congressional leaders have agreed to attach the extension to a bill to fund U.S. government operations and to require new safety enhancements for existing MAX aircraft proposed by U.S. Cantwell proposed requiring retrofitting existing MAX airplanes with an "enhanced angle of attack (AOA) and a means to shut off stall warnings and overspeed alerts, for all MAX aircraft," Reuters reported on Nov. 30. Faulty data from a single sensor that erroneously triggered a software function called MCAS to repeatedly activate played critical roles in the fatal 737 MAX crashes. Boeing declined to comment, but Boeing Commercial Airplanes Chief Executive Stan Deal said last week the planemaker supported Cantwell's safety retrofit proposal. Boeing said in October it expects the 737 MAX 7 to be certified this year or in 2023 and last week Boeing's Deal said he thinks the MAX 10 could receive certification in late 2023 or early 2024.

☆ Airlines can price climate change into your plane ticket. There are reasons to not buy it
▼ + stars: | 2022-12-17 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +11 min

United Airlines , for example, has committed to net zero carbon by 2050 without any contribution from traditional carbon offsets. Southwest Airlines ' "Wanna offset carbon?" Consumer psychology and the environmentIt's not just about the dollar amount of the carbon offset purchase in the consumer psychology. If airline travelers want to stay environmentally conscious without paying carbon offset fees, Keyes recommends choosing cheaper airlines when traveling. "It's true that we all have a part to play in reducing carbon emissions.

☆ Stocks making the biggest moves midday: Moderna, First Solar, Pinterest, Norwegian Cruise Line and more
▼ + stars: | 2022-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Moderna – The drugmaker saw its stock soar 19.6% after the company issued promising data about its cancer treatment. First Solar – The solar stock added 4.5% following an announcement on Monday that it will replace Fortune Brands Home & Security in the S&P 500 . Pinterest – Shares of the social media company climbed 11.9% after Piper Sandler upgraded Pinterest to overweight from neutral. Norwegian Cruise Line – The cruise giant shed 2.8% after UBS downgraded the stock to neutral from buy.

☆ U.S. lawmakers decline to add Boeing 737 MAX exemption in defense bill
▼ + stars: | 2022-12-07 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Dec 6 (Reuters) - U.S. lawmakers late on Tuesday declined to add an extension to an annual defense bill of a looming deadline that would impose a new safety standard for modern cockpit alerts for two new versions of Boeing's (BA.N) best-selling 737 MAX aircraft. The U.S. planemaker has been lobbying for months to convince lawmakers to waive the deadline that affects its MAX 7 and MAX 10 airplanes and was imposed by Congress in 2020 after two fatal 737 MAX crashes killed 346 people in Indonesia and Ethiopia. That would be a significant setback for Boeing, which did not immediately comment but has argued previously it is better to have a common alerting system for all versions of the 737 MAX. The requirements for modern cockpit alerts were adopted by Congress as part of certification reform passed after two fatal 737 MAX crashes in 2018 and 2019 that led to the plane's 20-month grounding. Nadia Milleron, whose daughter Samya Rose Stumo died in the 2019 Ethiopian Airlines crash, praised lawmakers for not including the extension in the defense.

☆ Explosions rock Russian military airbases; new strikes hit Ukraine
▼ + stars: | 2022-12-05 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +4 min

Explosions rocked two Russian military airbases hundreds of miles from the border with Ukraine on Monday, according to local officials and state media. Russian authorities said they were investigating the media reports about the explosions on the base. A Tu-95 strategic bomber from the Russian air force prepares to take off from an air base in Engels, Russia on Jan. 24, 2022. AP“Engels airfield is one of the most important bases of Russian air forces,” said Ukrainian interior ministry adviser Anton Gerashchenko in a tweet. Analysts said it was unclear that the new wave of Russian strikes were in any way retaliation for the blasts at the airbases.

☆ Key U.S. senator backs Boeing push to lift 737 MAX extension deadline - document
▼ + stars: | 2022-11-30 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 29 (Reuters) - A key U.S. lawmaker is proposing an extension of a certification deadline for two new versions of Boeing's (BA.N) 737 MAX and requiring retrofitting existing planes, according to a document reviewed by Reuters. Boeing is seeking an extension from Congress of a December deadline imposing a new safety standard for modern cockpit alerts for the 737 MAX 7 and 737 MAX 10 variants after two fatal 737 MAX crashes killed 346 people in Indonesia and Ethiopia and led to the plane's 20-month grounding. Boeing would be required to bear the costs of the mandatory safety enhancements retrofit for MAX planes currently in service, according to the proposal. Faulty data from a single sensor that erroneously triggered a software function called MCAS to repeatedly activate played critical roles in the fatal 737 MAX crashes. Earlier this month, acting FAA Administrator Billy Nolen said he does not expect the agency will certify the 737 MAX 7 before the December deadline.

☆ FAA does not expect to certify Boeing 737 MAX 7 before end of year
▼ + stars: | 2022-11-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 17 (Reuters) - The acting head of the Federal Aviation Administration (FAA) said Thursday he does not expect the agency will certify the Boeing (BA.N) 737 MAX 7 before a key deadline at the end of the year. Acting FAA Administrator Billy Nolen said it "does not appear" the 737 MAX 7 will be certified by the end of the year. Boeing is seeking a waiver from Congress of a December deadline imposing a new safety standard for modern cockpit alerts for the 737 MAX 7 and 737 MAX 10. Boeing said last month it expects the 737 MAX 7 to be certified this year or in 2023 and the MAX 10 to begin FAA certification flight testing in 2022 or 2023 and enter service in 2023 or 2024. Earlier this month, Republican Senator Roger Wicker unsuccessfully sought to attach an extension of the MAX deadline to September 2024 to a defense bill.

☆ Ukrainian Analysis Identifies Western Supply Chain Behind Iran’s Drones
▼ + stars: | 2022-11-16 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

New intelligence collected from downed Iranian drones in Ukraine shows that a majority of the aircrafts’ parts are manufactured by companies in the U.S., Europe and other allied nations, stoking concern among Western officials and analysts and prompting a U.S. government investigation, according to people familiar with the matter and documents reviewed by The Wall Street Journal. The documentation of Western parts shows how Tehran has been arming itself and its allies with powerful new weaponry despite being the target of one of the most comprehensive sanction regimes in modern history.

The vintage aircraft in Saturday's deadly collision at a Dallas air show, as expected, lacked flight data recorders, making social media crucial to the investigation, a federal official indicated Sunday. "Neither aircraft was equipped with a flight data recorder or a cockpit data recorder," National Transportation Safety Board member Michael Graham said during a news conference Sunday. Photos and videos of the Wings Over Dallas Airshow collision, which killed all six on board the aircraft, could be “very critical, since we don't have any flight data recorders," he said. LM Otero / APStill, even under the NTSB's wish list for improved crash data, such vintage aircraft were not singled out. A cockpit voice recorder "records the flight crew’s voices, as well as other sounds inside the cockpit," the NTSB website says.

☆ AirAsia X on strong footing, Capital A to benefit as economy tightens, CEO Tony Fernandes says
▼ + stars: | 2022-11-04 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +1 min

Despite soaring oil prices and weakening currencies, the outlook for aviation remains positive due to "extremely strong" demand, said Tony Fernandes, CEO of AirAsia parent company Capital A. "In AirAsia we have 205 aircrafts and in AirAsia X we have about 20 aircrafts … getting slots and obviously getting them ready for service has been a big challenge." The positive outlook comes in spite of negative market reactions to Fernandes' resignation as AirAsia X's Group CEO this week. AirAsia X is the long-haul budget flight arm of AirAsia. AirAsia X shares dropped after the Oct. 31 announcement, and losses since the development still stood at about 5% as of Friday morning.

The company's shares were down 4.9% at $505 before the bell despite forecasting 4% to 5% revenue growth in 2023. Northrop had forecast 2022 sales in the range of $36.2 billion to $36.6 billion, and a profit per share between $24.50 and $25.10. Northrop, is now seeing improving trends in labor availability after struggling with labor challenges caused by the Omicron variant of COVID-19. Overall revenue rose 3% in the quarter to $8.97 billion, but missed analysts' average expectation of $9.13 billion, as per Refinitiv data. Sales at the Space Systems division, aided by higher demand for space exploration, rose about 18% to $3.16 billion, helping the Falls Church, Virginia-based company offset lower sales at the aeronautics and defense units.

☆ Passengers in fatal Boeing 737 MAX crashes are ‘crime victims,’ US judge says
▼ + stars: | 2022-10-22 | by ( ) edition.cnn.com time to read: +3 min

A US judge in Texas ruled on Friday that people killed in two Boeing (BA) 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies should be imposed. The deal capped a 21-month investigation into the design and development of the 737 MAX following the deadly crashes in Indonesia and Ethiopia in 2018 and 2019. The families of the victims of the Ethiopian Airlines crash of the Boeing 737 Max jet held a vigil in front of the US Department of Transportation headquarters in Washington, DC on Sept. 10, 2019. Boeing wants Congress to waive a December deadline imposed by the legislation for the FAA to certify the MAX 7 and MAX 10. Last month, Boeing paid $200 million to settle Securities and Exchange Commission charges it misled investors about the MAX.

☆ Boeing wins support in push to extend MAX certification timetable
▼ + stars: | 2022-10-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

SPARTANBURG, S.C. Oct 19 (Reuters) - Boeing Co (BA.N) won support Wednesday from a Republican senator and a major customer in its bid to convince the U.S. Congress to extend the deadline to win certification of two new 737 MAX variants. The U.S. planemaker faces a late December deadline for the Federal Aviation Administration (FAA) to certify the MAX 7 and MAX 10. Republican Senator Lindsey Graham told Reuters he supports attaching a MAX deadline waiver to a spending bill or another measure before Congress. "We should all be rooting for Boeing," Kirby added, citing its impact on the U.S. economy and exports. loadingEven with a waiver, it is uncertain when MAX planes could be approved.

☆ The world's second-richest man, Louis Vuitton's CEO, sold his private jet after people started tracking it on Twitter: 'No one can see where I go'
▼ + stars: | 2022-10-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Bernard Arnault said LVMH sold its private jet after Twitter accounts started tracking it. Antoine Arnault argued that a private plane gives executives an edge in the race to be first to a new product or deal. "We haven't found anything better than a private plane to win that race every day and be just a small step ahead of our competitors," he added. Arnault is not the only billionaire to come under fire in recent months for private jet usage. Other public figures have expressed safety concerns over the sharing of flight data on social media.

☆ 10 low-stress jobs that pay more than $100,000 per year and how to get them
▼ + stars: | 2022-10-16 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Here are 10 jobs on the list that pay a median annual salary of more than $100,000 and feature a comparatively low level of stress tolerance (all have a level of less than 70 out of 100), including their median annual salaries and requirements to be considered. Median annual salary: $104,100Economics professorEconomics professors teach graduate or undergraduate students topics such as price theory and microeconomics. Median annual salary: $108,100Brownfield redevelopment specialist and site managerThese specialists plan and oversee the cleanup and redevelopment of contaminated land. Median annual salary: $124,650Water resource specialistThese specialists design and help implement programs related to the supply, quality and regulation of water. Median annual salary: $137,900Physicist

☆ Wells Fargo downgrades Lockheed Martin, believes defense company will lag behind competitors
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Defense company Lockheed Martin is not expected to grow as much as competitors do in the coming years, according to Wells Fargo. Lockheed Martin will be in particularly bad shape if it doesn't win the Future Vertical Lift contract, which has a role in producing future long-range assault aircrafts. This underlies the fact that defense stocks can slide depending on the volatility of geopolitics, Akers said. Shares of Lockheed Martin currently trade at a premium compared to peers, Akers said. Akers also downgraded L3Harris Technologies to equal weight from over weight, while remaining equal weight on Northrop Grumman and overweight on General Dynamics .

☆ Alice, the first all-electric passenger airplane, takes flight
▼ + stars: | 2022-09-27 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

New York CNN Business —The world’s first all-electric passenger aircraft has successfully taken to the sky. Israeli company Eviation Aircraft successfully launched the Alice on Tuesday morning from Washington’s Grant County International Airport. The zero-emission plane traveled at an altitude of 3,500 feet for its eight-minute inaugural flight. Three different versions of the Alice are in protoype stages: a “commuter” variant, an executive version, and one specialized for cargo. The executive design has six passenger seats for a more spacious flight, and the cargo plane holds 450 cubic feet of volume.

☆ China Southern Airlines places order for 40 Airbus jets
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierSept 22 (Reuters) - China Southern Airlines Co Ltd (600029.SS) said on Thursday its unit has placed an order with Airbus SE (AIR.PA) for 40 A320neo-family aircraft worth $4.85 billion. The deal comes months after three Chinese state airlines placed an apparently coordinated order for nearly 300 Airbus jets, the biggest order by Chinese airlines in about 5 years. read moreThe new order for 40 jets was on top of the bulk order for 292 aircrafts announced in July, an Airbus spokesperson said. read moreThe Airbus deal follows China Southern Airlines' order in August for 96 A320neo-family aircraft worth $12.25 billion. Xiamen Airlines is majority owned by China Southern Airlines and has previously relied exclusively on Boeing jets.

☆ US nuclear forces are controlled by this shockingly obsolete tech
▼ + stars: | 2016-05-26 | by ( Dave Mosher | ) www.businessinsider.com time to read: +3 min

A new government report paints a disquieting picture of the computer systems used to run the United States. But perhaps the most alarming information touches on the Department of Defense (DoD), which controls the nation's stockpile of 7,100 nuclear and thermonuclear warheads. The GAO found that the Strategic Automated Command and Control System (SACCS) — a computer system that "coordinates the operational functions of the United States' nuclear forces, such as intercontinental ballistic missiles, nuclear bombers, and tanker support aircrafts" — still runs on 8-inch floppy disks. Per the GAO report:[T]he system's primary function is to send and receive emergency action messages to nuclear forces. But US command and control systems aren't the only pieces of nuclear strike infrastructure that are dated: The nuclear weapons themselves are not getting any younger.

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