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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

☆ Riyadh Air, Spain's Atlético de Madrid announce multi-year partnership
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Riyadh Air Boeing 787-9 Dreamliner is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File PhotoDUBAI, Aug 10 (Reuters) - New Saudi Arabian airline Riyadh Air and Spanish soccer club Atlético de Madrid announced a multi-year sponsorship agreement in a joint statement on Thursday. As part of the deal, Riyadh Air will become the main sponsor of the Spanish club. "This partnership means a great opportunity to offer better experiences to our fans around the world and I am confident that this alliance with Riyadh Air will take our club to new heights," Atlético de Madrid CEO Miguel Ángel Gil said in the statement. Riyadh Air, which will start flights in 2025, is owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF).

Persons: Benoit Tessier, Miguel Ángel Gil, Tony Douglas, Ahmed Elimam, David Evans Organizations: Riyadh Air Boeing, International Paris Air, Le, REUTERS, Riyadh Air, Atlético de, Madrid, Public Investment Fund, Thomson Locations: Le Bourget, Paris, France, DUBAI, Saudi Arabian, Spanish, Atlético de Madrid, Riyadh, Saudi

☆ Amazon soars on 'game-changing' quarter, iPhone slump drags Apple
▼ + stars: | 2023-08-04 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

FILE PHOTO-The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. Online retail giant Amazon's shares closed at a near one-year high and added more than $109 billion to its market value. "The second quarter is a game-changing quarter for Amazon; we would call it an-all clear moment," said SVB MoffettNathanson analyst Michael Morton. The surge in Amazon's stock reflected analysts' increased estimates for its earnings. But its services business was a bright spot and helped Apple top profit expectations for the June quarter.

Persons: Benoit Tessier, SVB, Michael Morton, —, Dan Coatsworth, AJ Bell, Aditya Soni, Samrhitha, Joice Alves, Noel Randewich, Chavi Mehta, Amanda Cooper, Saumyadeb Organizations: REUTERS, Google, Microsoft, Wall Street, Amazon, Refinitiv, Apple, Thomson Locations: Bretigny, Paris, France, Apple's, Bengaluru, London

☆ Amazon surges on 'game-changing' quarter, iPhone slump drags Apple
▼ + stars: | 2023-08-04 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

FILE PHOTO-The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. Online retail giant Amazon was set to add about $120 billion to its market value, based on premarket movements. "The second quarter is a game-changing quarter for Amazon; we would call it an-all clear moment," said SVB MoffettNathanson analyst Michael Morton. But its services business was a bright spot and helped Apple top profit expectations for the June quarter. "It is time for Apple to launch something new and innovative, not just another variation of its core products."

Persons: Benoit Tessier, SVB, Michael Morton, —, Dan Coatsworth, AJ Bell, Aditya Soni, Samrhitha, Joice Alves, Amanda Cooper, Saumyadeb Organizations: REUTERS, Google, Apple, Microsoft, Wall Street, Amazon, Thomson Locations: Bretigny, Paris, France, Apple's, Bengaluru, London

☆ Amazon Frankfurt-listed shares surge, Apple slides after results
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 25, 2022. REUTERS/Benoit Tessier/File PhotoLONDON, Aug 4 (Reuters) - Amazon (AMZN.O) shares surged on Friday in Frankfurt trading after the company issued an upbeat outlook for the third quarter, while Apple's German-listed shares (AAPL.O) fell after the company forecast a continued slide in sales. Amazon jumped 8.5% on the German market, echoing the steep rise in extended U.S. trading on Thursday after the company reported sales growth and profit that beat Wall Street's expectations, thanks to faster, cheaper deliveries to customers and to the recent headwinds in cloud-computing beginning to subside. Apple shares fell 2.3% in Frankfurt after the iPhone maker on Thursday forecast that a sales slump would continue into the current quarter, which sent shares down in after-hours trading despite beating Wall Street sales and profit targets in the fiscal third quarter. (This story has been refiled to remove extraneous words in paragraph 3)Reporting by Joice Alves; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Joice Alves, Amanda Cooper Organizations: REUTERS, Amazon, Apple, Wall, Thomson Locations: Bretigny, Paris, France, Frankfurt

☆ Spirit AeroSystems resumes slide, sinks another 4%
▼ + stars: | 2023-08-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 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. Spirit said it burned through $211 million of cash in the second quarter, adding that cash flow will not recover until the 2024-2025 time period. Analysts questioned whether Spirit would have to renegotiate labor contracts with Boeing and Airbus. Seifman said it is unclear what Boeing will do to help Spirit improve its financial health. "We instead believe Boeing and Airbus are likely to continue to contribute customer advances, allowing Spirit to benefit only as production rates improve," he said.

Persons: Benoit Tessier, Michael Ciarmoli, Morgan, Seth Seifman, Seifman, Ken Herbert, refinance, Cowen, Cai Von Rumohr, Refinitiv, Valerie Insinna, Marguerita Choy Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Management, Truist Securities, RBC Capital Markets, Thomson Locations: Le Bourget, Paris, France

☆ US CDC panel recommends Sanofi-AstraZeneca's preventive RSV therapy for babies
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Sanofi logo at the company's headquarters during the annual results news conference in Paris, France, February 4, 2022. REUTERS/Benoit Tessier/File PhotoCompanies AstraZeneca PLC FollowSanofi SA FollowAug 3 (Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) said its advisory panel on Thursday recommended use of Sanofi (SASY.PA) and partner AstraZeneca's (AZN.L) antibody therapy to prevent respiratory syncytial virus (RSV) in infants and toddlers. The Advisory Committee on Immunization Practices unanimously recommended nirsevimab for preventing lower respiratory tract disease in newborns and infants below eight months of age born during or entering their first RSV season. It also recommended its use in children aged 8-19 months who remain vulnerable to severe RSV disease through their second such season. The therapy, branded as Beyfortus, will be available in the U.S. ahead of the upcoming 2023-24 RSV season, Sanofi said.

Persons: Benoit Tessier, AstraZeneca's, Sanofi, Mrinmay Dey, Mariam Sunny Organizations: Sanofi, REUTERS, Companies AstraZeneca, U.S . Centers for Disease Control, Prevention, U.S . Food, Drug Administration, Thomson Locations: Paris, France, U.S, Bengaluru

☆ 'Zelda' sales breakout juices Nintendo's aging Switch
▼ + stars: | 2023-08-03 | by ( Sam Nussey | ) www.reuters.com time to read: +3 min

Attendees use a Nintendo Switch game console while playing a video game at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 29, 2019. Nintendo said it sold 18.51 million units of "Tears of the Kingdom" in the first quarter. The results underscore Nintendo's success in extending the life of the aging Switch system, which has sold almost 130 million units, and using its roster of popular characters to boost revenue beyond the core gaming business. The Kyoto-based gaming firm maintained its full-year forecast for the console of 15 million units, which would be a 16.5% decline on a year earlier. First-quarter operating profit leapt 82% on a year earlier to 185.4 billion yen with sales of first-party software at record highs.

Persons: Benoit Tessier, Mario, Zelda, Serkan Toto, Shuntaro Furukawa, Pikachu, Sam Nussey, Christopher Cushing Organizations: Nintendo, Paris Games, REUTERS, Mario Bros, Kantan, Thomson Locations: Paris, France, TOKYO, Kyoto

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. The new labor agreement will add $80 million to annual costs, Spirit said. In the second quarter, the company absorbed $28.3 million in cost related to the new labor deal as well as $7.3 million in strike disruption charges. However, the strike did impact our production and deliveries, as reflected in earnings and cash flow," Chief Executive Officer Tom Gentile said. Cash burn was $211 million for the three months through June, the company said, compared to $79 million a year earlier.

Persons: Benoit Tessier, Spirit, Tom Gentile, Cash, Refinitiv, Abhijith Ganapavaram, Valerie Insinna, Sriraj Kalluvila, Mark Porter Organizations: Boeing, International Paris Air, Le, REUTERS, International Association of Machinists, Aerospace Workers, Airbus, Revenue, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Wichita

☆ Equinix projects quarterly revenue below estimates, shares slip
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

The logo of Equinix is pictured at the entrance of a data center in Pantin, outside Paris, France, December 7, 2016. REUTERS/Benoit Tessier/File PhotoAug 2 (Reuters) - Equinix (EQIX.O) forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing as businesses curtail spending in an uncertain economy. Shares of the company fell more than 2% in extended trading, having risen by nearly a fourth so far this year. Equinix said it expects revenue of between $2.04 billion and $2.07 billion in the current quarter, compared with analysts' estimates of $2.08 billion, according to Refinitiv data. In the three months ended June 30, Equinix's revenue jumped 11% to $2.02 billion, in line with Wall Street expectations.

Persons: Benoit Tessier, Equinix, Aditya Soni, Maju Samuel Organizations: REUTERS, Digital Realty, Thomson Locations: Pantin, Paris, France

REUTERS/Benoit TessierJuly 27 (Reuters) - Visa (V.N) and Mastercard (MA.N), which bet on China to boost travel spending, have had to contend with a disappointing first half of the year as post-COVID momentum in the world's second-biggest economy loses steam. In their earnings calls this week, both card giants said travel in China was nowhere near pre-pandemic levels. "Looking at Mainland China specifically, cross-border travel continued to improve but remains well below 2019 levels," said Vasant Prabhu, Visa's chief financial officer. His counterpart at Mastercard, Sachin Mehra, also said there was further room for travel recovery in China. Reuters GraphicsInbound cross-border travel to China stood at nearly 50% of 2019 levels, while outbound travel was nearly 70%, the company said.

Persons: Benoit Tessier, Vasant Prabhu, Sachin Mehra, Edward Jones, Logan Purk, Manya Saini, Niket, Krishna Chandra Organizations: REUTERS, Mastercard, Reuters, U.S, Reuters Graphics Visa, Thomson Locations: China, Mainland China, U.S . Federal, Bengaluru

☆ Stellantis tops forecasts, looks to cost cuts to keep margins strong
▼ + stars: | 2023-07-26 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

[1/2] A DS 4 automobile, produced by Stellantis, stands on display during its launch event in Paris, France, February 3, 2021. The world's third largest automaker by sales said its January-June adjusted earnings before interest and tax (EBIT) rose 11% to 14.1 billion euros ($15.6 billion), topping the 12.1 billion expected by analysts in a Reuters poll. Milan-listed shares in Stellantis were up 1.6% by 0725 GMT, outpacing a 0.15% rise in Italy's blue-chip index (.FTMIB). He argued that the Stellantis margin performance was still better than those of Tesla (TSLA.O) and GM (GM.N), which he said posted margins of 10.5% and 8.3% respectively. Its first-half EBIT margin fell 60 basis points to 17.5% in North America, the group's most profitable region.

Persons: Benoit Tessier, EBIT, Carlos Tavares, Stellantis, Alfa Romeo, Ram, Natalie Knight, Tesla, Giulio Piovaccari, Gilles Guillaume, Federico Maccioni, Jason Neely, Keith Weir Organizations: REUTERS, Milan, GM, Fiat, Peugeot, Jeep, Thomson Locations: Paris, France, MILAN, Stellantis, North America, China, Europe, Milan

[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

☆ RTX to take up to 60 days to fix each GTF engine with contamination issue
▼ + stars: | 2023-07-25 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

[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. Engines potentially affected by the metal powder issue will not be put through the entire overhaul cycle, which typically lasts four to five months, Hayes said. Hayes acknowledged that news of the latest GTF problem was a "disappointment" but added that he expects the share price to recover. According to data from CAPA - Centre for Aviation, Pratt & Whitney has retained a market share of about 45 percent since 2017. The PW1100G is the GTF model affected by the powder metal problem.

Persons: Pratt & Whitney, Benoit Tessier WASHINGTON, Greg Hayes, Hayes, Safran, RTX, Mike Stengel, Valerie Insinna, Marguerita Choy, Bill Berkrot, Jonathan Oatis Organizations: Pratt &, International Paris Air, Le, REUTERS, RTX, Airbus, Raytheon, Reuters, CFM International, General Electric, CAPA, Centre for Aviation, Thomson Locations: Le Bourget, Paris, France, Washington

Puma is likely to benefit less from the trend than Adidas because its terrace range doesn't have as much name recognition, said Adam Cochrane, analyst at Deutsche Bank. Investors will be pushing Puma and Adidas on broader strategies to navigate weak consumer demand at second-quarter results on July 26 and Aug. 3 respectively. Adidas, however, has got a big boost from selling some of its stock of discontinued Yeezy shoes. On Monday it slashed its expected 2023 operating loss to 450 million euros from 700 million euros, citing unexpectedly strong Yeezy sales. "However, the cost to compete for sportswear brands is very high, and barriers to entry are low, making retailers quite vulnerable to 'boom and bust' cycles as trends change," said Aubin.

Persons: Benoit Tessier, Adam Cochrane, it's, Robert Schramm, Fuchs, Janus Henderson, Bjorn Gulden, Edouard Aubin, Morgan Stanley, Aubin, Helen Reid, Linda Pasquini, Susan Fenton Organizations: Adidas, REUTERS, Puma, Nike U.S, Nike, Google, Deutsche Bank, Investors, Defamation, Thomson Locations: Lafayette, Paris, France, U.S, China, North America, London, Gdansk

☆ Top Wall Street analysts are bullish on these five stocks
▼ + stars: | 2023-07-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Benoit Tessier | ReutersCava GroupFirst on this week's list is the Mediterranean restaurant chain Cava (CAVA), which made a blockbuster public debut last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Stifel analyst Chris O'Cull initiated a buy rating on Cava with a price target of $48. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint. The survey revealed that Services' average revenue per user (ARPU) in the U.S. is $110, which is much higher than Daryanani's global estimate of $81.

Persons: Benoit Tessier, Chris O'Cull, O'Cull, TipRanks, Amit Daryanani, Daryanani, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Hari Organizations: Meta, Inc, Viva Technology, Porte de, Reuters, Cava, Apple, Apple Services, Services, Tigress Financial, TipRanks, Nvidia Semiconductor, Nvidia, US Locations: Porte, Paris, France, Cava, CAVA, U.S, Midwest

☆ Tour de France: Huge crash on stage 15
▼ + stars: | 2023-07-16 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Crashes in the Tour de France are commonplace, but a pile-up during Sunday’s Stage 15 was particularly eye-catching as a number of riders fell after a fan apparently tried to take a picture. Eurosport commentary during live coverage of the race said a spectator had caused a rider to be put off balance. The Team Jumbo-Visma rider fell, causing others to follow on a narrow section of a road. You don’t need a phone to create mind-blowing memories.”Around 20 riders fell off their bikes. In 2021, a fan stepped in front of the racing pack holding a cardboard sign, causing dozens of cyclists to crash during the Tour.

Persons: Les, Soleil, Gervais, ”, Dan Lloyd, …, Carlton Kirby, Sepp Kuss, Nathan van Hooydonck, Benoit Tessier, Confidis Organizations: CNN, Tour de France, Sunday’s, Blanc, Eurosport, Jumbo, BBC, Team, INEOS Grenadiers Locations: Saint, cycling’s

REUTERS/Benoit Tessier/File PhotoSummaryCompanies Talks involve potential prepayment accord with carmakersMiner in talks with state-owned companies in Chile over lithiumAIX-EN-PROVENCE, France, July 9 (Reuters) - French mining group Eramet (ERMT.PA) is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. "We're positioning ourselves (in Chile), we have discussions with state-owned companies," Bories said, with the aim to gain potential lithium concessions "in the coming months." Demand for electric vehicles (EVs) has increased as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices. Bories confirmed commodities group Glencore (GLEN.L) was among parties to have expressed interest in helping finance Eramet's lithium production in Argentina. She declined to elaborate further or give the names of the European carmakers involved in the talks.

Persons: Benoit Tessier, carmakers Miner, Christel Bories, Bories, We're, Mathieu Rosemain, Elaine Hardcastle Organizations: REUTERS, carmakers, Manufacturers, Reuters, Thomson Locations: Paris, France, Chile, PROVENCE, Argentina, United States, China, Aix, Provence, South America

☆ Airbus to handle some A380 repairs after wing-spar cracking
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Work on a dedicated "A380 Emirates" inspection facility in the building began in December and the project is due to run until third quarter 2024, according to Force Ouvriere union. "We are supporting inspections on some aircraft in Toulouse," an Airbus spokesperson said. Ground time per jet will depend on findings and repairs, but is "estimated to average about 60 days," the spokesperson added. Airbus data on Friday showed that total orders for the A321neo had topped 5,000 units to become its most-sold model.

Persons: Benoit Tessier, Jean, Luc Lagardere, backdated, Tim Clark, Tim Hepher, David Evans Organizations: Airbus, Paris, REUTERS, Emirates, Engineering Centre, Boeing, Thomson Locations: Le Bourget, Paris, France, PARIS, Toulouse, Emirates

☆ Spirit AeroSystems union workforce approves new contract, ending strike at Kansas plant
▼ + stars: | 2023-06-30 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

REUTERS/Benoit Tessier/File PhotoWASHINGTON, June 29 (Reuters) - Spirit AeroSystems (SPR.N) said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. The deal is a boon for Boeing, which is on the verge of increasing MAX production from 31 jets to 38 jets per month. Boeing Commercial Airplanes CEO Stan Deal said on June 18 the production ramp was set to occur "pretty soon." Although Boeing maintains some buffer inventory, analysts had warned a prolonged strike could have forced the company to slow or stop MAX production. The company has been the source of several high-profile production defects on Boeing jets, such the incorrect installation of a bracket on the 737's vertical tail.

Persons: Benoit Tessier, It's, Craig Martin, Stan Deal, Cowen, Cai von Rumohr, Michel Merluzeau, Valerie Insinna, Sandra Maler, Nick Zieminski, Jamie Freed Organizations: Boeing, International Paris Air, Le, REUTERS, WASHINGTON, International Association of Machinists, Aerospace Workers, U.S, Airbus, IAM's Southern Territory, Boeing Commercial, AIR, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Its Wichita, IAM's Southern, Seattle

☆ Tour de France organisers ready to adapt amid riots
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Cycling - Tour de France - Presentation of the teams in front of the Guggenheim Museum - Bilbao, Spain - June 29, 2023 UAE Team Emirates' Tadej Pogacar during the presentation REUTERS/Benoit TessierBILBAO, Spain, June 30 (Reuters) - Tour de France organisers are ready to adjust to any situation amid the riots that have erupted in the country following the fatal shooting of a teenager by police, race director Christian Prudhomme said on Friday. "We are in constant liaison with the State services and we are following the situation and how it has been evolving," Prudhomme told reporters. "Depending on what happens we will adapt if needed," said Prudhomme. The Tour starts on Saturday from Bilbao and will enter France on Monday with a finish in Bayonne and a start from Dax for the fourth stage on Tuesday. Reporting by Julien Pretot; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier BILBAO, Christian Prudhomme, Prudhomme, Dax, Julien Pretot, Christian Radnedge Organizations: de France, Guggenheim Museum, UAE Team Emirates, State, France, Thomson Locations: Bilbao, Spain, Bayonne

☆ Spirit Aero to continue contract talks with union as strike looms
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

[1/2] 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 TessierJune 23 (Reuters) - Spirit AeroSystems Inc (SPR.N) said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and announced a strike. Shares of Spirit were up 4.8% in afternoon trade on Friday. The union did not immediately respond to a Reuters request for comment. Reporting by Aishwarya Nair in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Aishwarya Nair, Devika Organizations: Boeing, International Paris Air, Le, REUTERS, AeroSystems, U.S, Airbus, International Association of Machinists, Aerospace Workers, Thomson Locations: Le Bourget, Paris, France, Wichita, Bengaluru

[1/5] 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. REUTERS/Benoit TessierSummarySummary Companies Pratt & Whitney sees 'solid progress' in supply chainSays groundings of GTF-powered fleet peaked in H1Airbus eyes post-show deal for 90 jets with Viva AerobusBoeing signs deals with Akasa Air and LuxairPARIS, June 21 (Reuters) - Jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow. Pratt & Whitney President Shane Eddy, who has faced a backlash from airlines over durability problems and a shortage of spare engines, told the air show he was seeing "solid progress" in the supply chain. The European company, and U.S. rival Boeing, continued to sign new deals at the air show. Reporting by Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt & Whitney, Benoit Tessier, Shane Eddy, Planemakers, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Pratt &, International Paris Air, Le, REUTERS, Viva, Boeing, Akasa Air, Luxair, Jet, Pratt, Whitney, Paris Airshow, Reuters, Airbus, Viva Aerobus, Air India, Raytheon Technologies, Aircraft, Airbus A330neo, Thomson Locations: Le Bourget, Paris, France, Luxair PARIS, Mexican, India

The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.

Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars. The planemaker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier, Le Bourget, Emmanuel Macron, planemakers, there's, Pieter Elbers, flynas, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Airbus, Defence, Indian, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Saudi, Bloomberg, Rafale, Eurofighter, Thales, Qantas, Viva Aerobus, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, PARIS, Britain, India, Ukraine, Belgium, Franco, Spanish, Indonesia

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