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☆ Boeing wins orders worth $52 billion from Emirates at the Dubai Air Show
▼ + stars: | 2023-11-14 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.

Persons: —, Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France

☆ Airlines are feeling the impact of the Israel-Hamas war, with bookings already hit
▼ + stars: | 2023-11-14 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Airlines have seen a drop in bookings in the weeks following the start of Israel's war against Hamas in the Gaza Strip, and some expect it to cut into their future profits. Israel's aerial bombing campaign and subsequent ground offensive in Gaza has killed more than 11,000 people, according to health authorities there. In the days following the attack, major airlines suspended or reduced flights to Israel's Ben Gurion Airport in Tel Aviv. In the three week period after Oct. 7, by contrast, ticket issuance from the Middle East was 12% lower than 2019 levels, marking a difference of 9 percentage points. ForwardKeys draws its data from the International Air Transport Association's industry-wide ticketing database which includes major international carriers, but does not include budget airlines like easyJet or Ryanair .

Persons: Israel's, Ben Organizations: Etihad Airways Boeing, United Arab Emirates, United Arab Emirates — Airlines, Hamas, International Air Transport, Ryanair Locations: UAE, Israel's Ben Gurion, Tel Aviv, Abu Dhabi, DUBAI, United Arab, Gaza, Palestinian, Israel, Ben Gurion, East, Americas, Saudi Arabia, Jordan, Lebanon

Emirates is a heavyweight when it comes to East-West travel out of Dubai International Airport, the world's busiest for international travel. In March, the airline announced an order of up to 72 Boeing 787-9 Dreamliner jetliners and has further plans to expand. Other purchases Tuesday included:— Emirates announced $1.2 billion in deals with French firm Safran, including for seats. — Emirates announced plans for a $950 million maintenance facility at Al Maktoum International Airport, the city-state's second airfield. — Boeing and SCAT Airlines of Kazakhstan announced the airline would purchase seven Boeing 737 MAX aircraft.

Persons: —, Tim Clark's, FlyDubai, Clark, ” Clark, — Rafael, ”, they’ve, “, Mesfin Tasew, Safran, — EgyptAir Organizations: United Arab Emirates, Emirates, Airbus, Royce, Dubai Air, Boeing Co, Boeing, Ethiopian Airlines, Al Maktoum International Airport, Rolls Royce, Associated Press . Emirates, Dubai International Airport, Ben Gurion International, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Riyadh Air, Dubai, United Nations, Aviation, SAF, Ethiopian, Boeing MAX, MAX, — Emirates, Al, Airlines Locations: DUBAI, United Arab, Al Maktoum, East, West, Dubai, Israel, Gaza, Emirates, Tel Aviv, Riyadh, Saudi, Saudi Arabia, Sydney, Australia, Addis Ababa, Kazakhstan

DUBAI, United Arab Emirates (AP) — The biennial Dubai Air Show opened Monday as airlines are poised to make major aircraft purchases after rebounding from the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. That conflict, as well as Russia's war on Ukraine, likely will influence the five-day show at Al Maktoum Airport at Dubai World Central. It is the city-state's second airfield after Dubai International Airport, which is the world's busiest for international travel and home base for the long-haul carrier Emirates. Air traffic is now at 97% of pre-COVID levels, according to the International Air Transport Association. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday.

Persons: — Rafael, ”, Rafael, Tim Clark, “ We've, ” Clark, “ Organizations: United Arab Emirates, Dubai Air, Al, Dubai World, Dubai International Airport, Emirates, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Russian Helicopters, U.S, ROSCOSMOS, Global, Airbus, International Air Transport Association ., . Emirates, Bloomberg, Boeing, Riyadh Air, Turkish Airlines, Anadolu Locations: DUBAI, United Arab, Ukraine, Dubai, UAE, Israel, Abu Dhabi, Russian, Al, Riyadh, Saudi

☆ Top Boeing exec says 2023 will be the 'year of widebody orders' with more deals to come
▼ + stars: | 2023-11-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A Boeing 777x is displayed during the International Paris Air Show at the ParisLe Bourget Airport, on June 20, 2023. Boeing Commercial Airplanes CEO Stan Deal says 2023 has been a year of orders for widebody aircraft with the U.S. manufacturer expecting to announce more deals at this week's Dubai Airshow. His comments come after reports that Boeing and Emirates are close to agreeing a major order of 777 jets, adding to the Emirati flag carrier's existing order backlog of 155 777X aircraft from Boeing. "We've seen strong recovery in the narrow-body ordering in 2022 and now in 2023 it seems to be the year of widebody orders, and I suspect as you see this show unfold, you're going to see many more widebody orders for the industry," Deal, who is also the executive vice president of Boeing, told CNBC's Dan Murphy. Earlier this year, Saudi Arabian flag carrier Saudia and the newly-established Riyadh Air each logged orders for 39 of Boeing's 787 Dreamliner jets, and Deal believes demand from the Gulf will continue to grow rapidly.

Persons: Stan Deal, We've, CNBC's Dan Murphy Organizations: Boeing, International Paris Air, Boeing Commercial, Emirates, Riyadh Air, Deal Locations: ParisLe, U.S, Dubai, Saudi Arabian, Riyadh

☆ Shares of Spirit Aero down 16% as company looks to raise cash
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France

☆ Air New Zealand flags impact to operations from Pratt & Whitney engine issue
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: 1 min

An Air New Zealand Boeing 787-9 Dreamliner plane taxis at O'Hare International Airport in Chicago, Illinois, U.S. November 30, 2018. REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 7 (Reuters) - Air New Zealand (AIR.NZ) said on Tuesday that a change in the servicing schedule of RTX's (RTX.N) Pratt & Whitney engines could significantly impact the airline's services for up to two years. The carrier in October had flagged a nominal financial impact in the first half of 2024 related to the engine issue. Reporting by Archishma Iyer in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Kamil Krzaczynski, Pratt, Archishma Iyer Organizations: Air New Zealand Boeing, O'Hare International, REUTERS, Air New Zealand, Pratt & Whitney, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ Air New Zealand warns of operations impact from Pratt & Whitney engine issue
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Air New Zealand Boeing 787-9 Dreamliner plane taxis at O'Hare International Airport in Chicago, Illinois, U.S. November 30, 2018. The carrier in October had flagged a nominal financial impact in the first half of 2024 related to the engine issue. Air New Zealand warned in September the engine inspections would have a "significant" impact on its flight schedule from next year. Air New Zealand added it will have to ground up to four aircraft at any one time due to the engine maintenance issues. The airline has 17 A320/321neo jets in its fleet of 108 aircraft, servicing Australia and the Pacific Island markets and the domestic market in New Zealand.

Persons: Kamil Krzaczynski, Pratt, Whitney, Greg Foran, Archishma Iyer Organizations: Air New Zealand Boeing, O'Hare International, REUTERS, Air New Zealand, Pratt & Whitney, Pratt, Airbus, New Zealand, Air, Pacific, Air New, NZ, Thomson Locations: Chicago , Illinois, U.S, Auckland, Hobart, Seoul, Zealand, Australia, New Zealand, Bengaluru

☆ Strong jet stream sees transatlantic aircraft fly at the 'speed of sound'
▼ + stars: | 2023-11-01 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

There’s a difference between ground speed and speed in the air (indicated air speed, essentially the speed of the plane in relation to the air around it). The jet stream explainedThe jet stream is a “core of strong winds around five to seven miles above the Earth’s surface, blowing from west to east,” as the UK’s Met Office describes it. Seven miles above the planet’s surface is equivalent to around 37,000 feet – which means that aircraft at cruising altitude slip easily into the jet stream. “This increase in the temperature gradient is amplifying the speed of the jet stream, which is driven by temperature differences. Either way, these planes are saving time and money.”The jet stream is making planes go around 200mph faster than average.

Persons: NASA –, Storm Ciaran, that’s, Sara Tonks, ”, Derek Van Dam, Richard Branson Organizations: CNN, NASA, Concorde, Emirates, American Airlines, Delta, KLM, UK’s Met, Storm, Virgin Atlantic, Boeing, Virgin, British Airways Boeing Locations: Europe, Dallas, Dubai, Newfoundland, JFK, Heathrow, Los Angeles, London, 760mph, Miami, Amsterdam, ”, United States, 801mph, 560mph, 825mph, New York

REUTERS/Nick Oxford Acquire Licensing RightsNov 1 (Reuters) - Spirit AeroSystems (SPR.N) on Wednesday projected higher-than-expected cash burn for 2023 as it slashed anticipated deliveries of 737 fuselages, but its new CEO said returning the embattled aerospace supplier to positive cash flow will be his "principle goal." "However, we have other cash levers to pull," including organizational inefficiencies and more closely enforcing contracts with its own supply chain, he said. LOWERED 737 DELIVERY EXPECTATIONSOn Wednesday, Spirit increased its anticipated free cash burn to between $275 and $325 million for 2023, compared with the $200 million to $250 million range. Executives said they anticipate positive margins on the 787 program by the first half of 2025 as a result of the agreement with Boeing. Third-quarter cash burn was $136 million, compared with a cash burn of $73 million a year ago.

Persons: Nick Oxford, Patrick Shanahan, Robert Stallard, Shanahan, Abhijith, Maju Samuel, Louise Heavens, Jonathan Oatis, Marguerita Choy Organizations: Spirit AeroSystems Holdings Inc, REUTERS, Boeing, Vertical Research Partners, Airbus, Revenue, Thomson Locations: Wichita , Kansas, U.S, Bengaluru

☆ Stocks making the biggest moves premarket: Alphabet, Microsoft, Boeing and more
▼ + stars: | 2023-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Alphabet — The Google and YouTube parent sank more than 6% premarket after results for its cloud business fell short of estimates. Boeing — Shares of the jet plane maker rose more than 3% premarket after it reported a quarterly revenue beat . Texas Instruments —The semiconductor designer and manufacturer's stock slid 5.5%, one day after fourth quarter guidance trailed estimates. Visa — The payments stock fell 1.3% before the bell after fourth quarter earnings and revenue topped analyst estimates and it raised its dividend by 16%. Revenue also beat expectations, along with fiscal second quarter and full-year revenue guidance.

Persons: Max, TXN, FactSet's StreetAccount, Wells, Hilton, Stride, —, Alex Harring, Sarah Min, Fred Imbert, Yun Li Organizations: Google, YouTube, LSEG, Microsoft, Xbox, Boeing —, Boeing, Texas, Deutsche Bank — U.S, Deutsche Bank, Visa, Dynamics, General Dynamics, Mobile, Revenue Locations: Israel, FactSet

☆ Stocks making the biggest moves midday: Microsoft, Alphabet, Waste Management and more
▼ + stars: | 2023-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Microsoft posted almost 13% year-over-year revenue growth, and its Azure cloud segment saw revenue gain 29% for the quarter. Norfolk Southern — The freight railroad dropped 5.3% on the back of disappointing third-quarter earnings. General Dynamics — Shares of General Dynamics rose 4% after the defense contractor's third-quarter earnings and revenue topped estimates. The semiconductor manufacturer sees earnings per share between $1.35 and $1.57, versus the $1.76 expected by analysts polled by FactSet. The stock's third-quarter revenue also disappointed investors, coming in at $4.35 billion, versus the $4.58 billion estimated by analysts polled by LSEG.

Persons: Wells, Max, —, Lisa Kailai Han, Fred Imbert, Hakyung Kim, Yun Li Organizations: Microsoft —, Microsoft, Windows, Norfolk Southern, LSEG, Revenue, Dynamics —, Dynamics, General Dynamics, Boeing —, Deutsche Bank, . Waste Management, Texas, FactSet Locations: U.S

☆ 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

☆ American Airlines posts third-quarter loss and trims 2023 profit forecast
▼ + stars: | 2023-10-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices. American said it expects a full-year adjusted operating margin of 7%, down from a previous forecast for as wide a margin as 10%. For the fourth quarter, American estimated it would break even. American will hold a call with analysts and media at 8:30 a.m. on Thursday to discuss results and its outlook.

Persons: Robert Isom Organizations: Boeing, American Airlines, LSEG, Revenue Locations: Barcelona

☆ United says pricier fuel, war in Middle East will weigh on profits
▼ + stars: | 2023-10-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. United Airlines said more expensive jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war will eat into its profits in the last three months of the year. United and other U.S. and international carriers halted their flights to Israel earlier this month. United had more service to Israel than any of the U.S.-based airlines with service from Washington D.C., Newark, New Jersey and San Francisco. Its costs, excluding fuel will likely rise between 3.5% and 5% in the fourth quarter from 2022, United said.

Persons: United Organizations: Boeing, United Airlines, Washington D.C, Delta, LSEG Locations: Barcelona, Tel Aviv, Israel, Chicago, U.S, Washington, Newark , New Jersey, San Francisco, United

☆ The fastest private jets in the world ranked by speed
▼ + stars: | 2023-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The Bombardier Global 8000 is poised to become the world's new fastest private jet come 2025. AdvertisementAdvertisementHere are some of the fastest private jets in the world — with one actually exceeding Mach 1 during a test flight. The G280 and G400 siblings have a maximum operating speed of Mach 0.85 and 0.90, respectively — making the latter also one of the world's fastest private jets. Dassault Falcon 10X: Mach 0.925 (710 mph)Dassault Aviation's new Falcon 10X private jet is scheduled to debut in 2025. Bombardier Global 8000: Mach 0.94 (721 mph)Private charter company NetJets will be the launch customer of the Global 8000.

Persons: —, they're, Dominique Boutin, Taylor Swift, Mike Fuchslocher, FlightGlobal Organizations: Bombardier Global, Manufacturers, Service, Boeing, Dassault Falcon, Getty, Dassault 7X, Bombardier, Gulfstream, Dassault, Falcon, Dassault Aviation, Gulfstream G700, Gulfstream Gulfstream, Qatar Airways Executive, —, Paris Air Show, Cessna, Textron Aviation, Private, Galactic's Locations: Concord

☆ Stocks like Microsoft have more room to run, as analysts name their top fourth-quarter picks
▼ + stars: | 2023-10-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts have issued their lists of top stocks for the fourth quarter, and a slate of familiar names made the cut. These companies are firing on all cylinders and have more room to run, they said. They include Nvidia , Microsoft, Boeing and T-Mobile. Microsoft Buy any dip in the tech giant's shares, Wells Fargo said earlier this week. In addition, Boeing is in a "premier position" with its jumbo jet manufacturing as the company maintains a large market share, the firm said.

Persons: Wells Fargo, Michael Turrin, ROY, Wells, Mobile Goldman Sachs, Brett Feldman, Feldman, Goldman, Ronald Epstein, AeroSystems, Epstein, Grace, Hopper, C27E, …, Goldman Sachs Organizations: CNBC, Nvidia, Microsoft, Boeing, Mobile, Sprint, Boeing Global, Bank of America, Mizuho, ~$

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Consumer discretionary (.SPLRCD) led declines in the major S&P 500 sectors, falling 2.2%, while beaten-down utilities (.SPLRCU) dropped 1.8%. Declining issues outnumbered advancers by a 4.74-to-1 ratio on the NYSE and by a 3.17-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and 48 new lows, while the Nasdaq recorded 11 new highs and 225 new lows. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Eli Lilly, we're, David Russell, Raphael Bostic, Keybanc, McCormick, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Microsoft, Artificial Intelligence, Treasury, Boeing, Reuters, United Airlines, Labor Department, Investor, ADP, Atlanta Fed, Fed, Dow Jones, HP, BofA Global Research, Biopharma, NYSE, Thomson Locations: New York City, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. A Labor Department report showed U.S. job openings unexpectedly increased in August, pointing to tight labor market conditions. Traders' bets on at least another 25-basis-point rate hike stood in November and December at 30% and 48%, respectively, according to CME's FedWatch tool. The CBOE volatility index (.VIX), known as Wall Street's "fear gauge", touched a more than four-month high, reflecting heightened investor anxiety. Declining issues outnumbered advancers for a 5.99-to-1 ratio on the NYSE and a 3.50-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Loretta Mester, Raphael Bostic, Jason Pride, KeyBanc, McCormick, advancers, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Microsoft, Dow, Nasdaq, Labor Department, Cleveland Fed, Atlanta, Traders, Apple, Reuters, Ofcom, Dow Jones, ADP, HP, BofA Global Research, Boeing, United Airlines, NYSE, Thomson Locations: New York City, U.S, Glenmede, Philadelphia, Bengaluru

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Shanahan, who has served on the company's board since November 2021, will become interim CEO effective immediately, Spirit announced Monday. Spirit said its board will conduct a search to identify a new CEO, while Gentile will stay on as a consultant for three months. Gentile was named Spirit's CEO in August 2016, months after he joined the company as its chief operating officer. Over a 31-year career at Boeing, Shanahan was known as "Mr. Fix-It" for his ability to turn around poorly-performing programs.

Persons: Benoit Tessier, Patrick Shanahan, Tom Gentile, Shanahan, Spirit, Gentile, Richard Aboulafia, Aboulafia, Jim Mattis, Alex Krutz, Abhijith, Valerie Insinna, Shailesh Kuber, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Pentagon, Spirit, Airbus, Patriot Industrial Partners, Aerospace Industries, Thomson Locations: Le Bourget, Paris, France, Kansas, Wichita , Kansas, Bengaluru, Washington

☆ Air Canada to buy 18 Boeing 787 jets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

An Air Canada Boeing 787-8 Dreamliner airplane is pictured at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File Photo Acquire Licensing RightsSept 25 (Reuters) - Air Canada (AC.TO) said on Monday it had signed an agreement with Boeing (BA.N) to buy 18 widebody 787 Dreamliner jets, as the carrier looks to capitalize on strong travel demand and deploy fuel-efficient airplanes. The contract for Boeing's 787-10 jets includes an option to purchase 12 more aircraft. "The 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions," Air Canada CEO Michael Rousseau said. Bloomberg in May first reported that the carrier was nearing a 787 Dreamliner deal with Boeing.

Persons: Ben Nelms, Michael Rousseau, Abhinav Parmar, Shinjini Organizations: Air Canada Boeing, REUTERS, Air Canada, Boeing, Boeing's, Air, Bloomberg, Thomson Locations: Richmond , British Columbia, Canada, Bengaluru

☆ Boeing's CEO is commuting to the office by private jet, and some employees who have returned to the office are mocking him, report says
▼ + stars: | 2023-09-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is trying to get employees back to the office with happy hours and alpaca visits, the WSJ reports. CEO David Calhoun has taken over 400 private jet trips from his homes and is rarely seen in the office. David Calhoun took over as Boeing CEO shortly before the pandemic, when like most office workers, he started working from home. Is he like at Lake Sunapee or something in New Hampshire?" The Journal reports that several Boeing employees then began displaying "Lake Sunapee" signs in their offices, and others had souvenir mugs like one that read: "Love Lake Life."

Persons: David Calhoun, alpacas —, Brian West, hasn't, Donald Trump's, Jim Cramer, What's, Cramer, we're Organizations: Boeing, Service, Street Journal, CNBC Locations: Wall, Silicon, Chicago, Virginia, New, South Carolina, Connecticut, New Hampshire

☆ Spirit AeroSystems CEO says Boeing, Airbus contracts 'not sustainable'
▼ + stars: | 2023-09-07 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/file photo Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - Spirit AeroSystems (SPR.N), a major supplier of parts for jetliners, has asked Boeing (BA.N) and Airbus (AIR.PA) to absorb more of the financial pain caused by inflation that makes its contracts "not sustainable," Spirit CEO Tom Gentile said on Thursday. "And it really is not sustainable for Spirit. So we are having discussions with our customers, with Boeing and Airbus, about these pressures that we're facing and how we address them." Spirit executives first alluded to the need to reopen contract negotiations with Boeing and Airbus in August.

Persons: Benoit Tessier, Tom Gentile, Spirit, Gentile, we've, Valerie Insinna, Pratyush Thakur, Richard Chang Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France, jetliners

☆ Boeing suspends South Carolina operations due to Hurricane Idalia
▼ + stars: | 2023-08-30 | by ( Valerie Insinna | ) www.reuters.com time to read: +1 min

Boeing employees assemble 787s inside their main assembly building on their campus in North Charleston, South Carolina, U.S., May 30, 2023. Gavin McIntyre/Pool via REUTERS Acquire Licensing RightsWASHINGTON, Aug 30 (Reuters) - Boeing (BA.N) suspended operations in South Carolina on Wednesday afternoon due to Hurricane Idalia, a spokesperson said. "We will continue to assess the storm’s impact to employees and our operations," the spokesperson said. South Carolina Governor Henry McMaster issued a state of emergency for the state on Tuesday due to the potential effects of the storm. Idalia is projected to move along the coast of South Carolina on Wednesday night, the National Hurricane Center said earlier Wednesday.

Persons: Gavin McIntyre, Idalia, South Carolina Governor Henry McMaster, Valerie Insinna, Chris Reese, David Gregorio Our Organizations: Boeing, REUTERS Acquire, Rights, South, South Carolina Governor, National Hurricane Center, Thomson Locations: North Charleston , South Carolina, U.S, South Carolina, North Charleston, Ladson

☆ Qantas to secure new planes from Airbus, Boeing
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The multi-billion dollar order is split between 12 Airbus A350s and 12 Boeing 787s, which will arrive from fiscal 2027 and into the next decade, Qantas said. Qantas said the deal was aimed at providing a replacement for its current Airbus A330 and Airbus A380 aircraft. This has the potential to meet up to 90% of the group’s interim SAF target for 2030, Qantas said. "SAF reduces lifecycle carbon emissions by up to 80 per cent and is a key part of Qantas’ emissions reduction plan," it said. Reuters earlier in the week had reported, citing industry sources, that Boeing was nearing a deal for its 787 Dreamliner aircraft with Qantas.

Persons: Loren Elliott, Vanessa Hudson, Stan Deal, Rishav Chatterjee, Shailesh Kuber, Maju Samuel Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Airbus, Boeing, SAF, Global, Incoming Qantas, Boeing Commercial Airplanes, Reuters, Thomson Locations: Australia, Sydney, Bengaluru

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