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☆ Exclusive: Airbus roiled by poor start to 2023 as industrial pressure grows
▼ + stars: | 2023-02-13 | by ( Tim Hepher | ) www.reuters.com time to read: +6 min

The first major test will be the first quarter for which suppliers say Airbus seeks close to 140 deliveries. Analysts say Faury will want to avoid spooking investors while insuring against the risk of more downgrades to guidance on deliveries from setting expectations too high. On the other hand, sources say steel capacity has moved up the list of concerns amid pressures including debt restructuring at supplier Liberty Steel, which had no immediate comment. INTERNAL TASK FORCEYet despite hot spots, sources say several key yardsticks of supplier performance like missing-parts-per-million are steadily improving. Faury has insisted bringing the supply chain back to health and modernising Airbus' industrial fabric are top priorities.

BENGALURU, India, Feb 13 (Reuters) - Boeing Co (BA.N) plans to invest about $24 million in India to set up a logistics centre for airplane parts, Salil Gupte, president of the local unit told Reuters on Monday, boosting its footprint in the country amid a large plane order. Boeing's share includes 220 planes split as 190 737 MAX narrowbody jets, 20 787 widebodies, and 10 777Xs. Boeing forecasts India's carriers will need 2,200 new planes over the next 20 years, and with narrowbody planes making up the bulk Gupte expects that to be a focus area for Boeing. "As the middle-class grows and as India leads the world economic growth, you will see more and more people fly. That means we need to ensure our customers have the narrowbody aircraft they need to serve this market," he said.

[1/4] An Indian Air Force (IAF) light combat aircraft "Tejas" flies during the "Aero India 2021" air show at Yelahanka air base in Bengaluru, India, February 3, 2021. Indian carriers may buy 1,500 to 1,700 aircraft in coming years, CAPA said, including Air India and IndiGo. MILITARY, COMMERCIAL COMPETITION"The days of foreign companies selling directly to India are over," a defence industry source told Reuters. At the same time, airlines like Air India are seeking to go head-on with rivals like Emirates Airline (EMIRA.UL) for a bigger share of international passenger flow. India's pressing military air need is to shore up its fighter squadrons, which have fallen to 31 from the approved 42 as political and bureaucratic hurdles and lack of funds delay purchases.

BENGALURU/PARIS, Feb 10 (Reuters) - French planemaker Airbus (AIR.PA) on Friday signed an agreement with Air India for 250 jets, as part of the Indian carrier's jumbo deal under its new owners, Tata Group, industry sources told Reuters. This is part of a potentially record order for close to 500 jets split equally between Airbus and rival planemaker Boeing (BA.N), which was first reported by Reuters in December. Air India did not immediately respond to an email seeking comment outside of regular business hours. While the Airbus figure is slightly lower than the 275 originally envisaged, sources did not rule out a provision by Air India for top-up acquisitions or leases at a later point. Air India also wants to win a bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.

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☆ Tata's Air India to seal half of jumbo plane order - sources
▼ + stars: | 2023-01-26 | by ( Aditi Shah | ) www.reuters.com time to read: +4 min

Air India did not respond to a request for comment. Reuters reported last month Air India was closing in on a deal for about 500 jets. The aim is to corner 30% of the domestic air travel market over the next five years thus narrowing the gap with market leader IndiGo. Tata's four airlines, including two budget carriers, Air India and Vistara its joint venture with Singapore Airlines (SIAL.SI), have a combined market share of 24%. Analysts have said Air India has the ability to claw back some passengers from rival Gulf carriers but not before it matches their quality of fleet and service.

☆ Air India says pilot's licence suspension over passenger incident 'excessive'
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 24 (Reuters) - Tata Group's Air India said on Tuesday the recent suspension of a pilot's licence by the aviation regulator was "excessive" after a passenger behaved in an unruly manner onboard one of its flights. The regulator also suspended the licence of the pilot-in-command on the New York-New Delhi flight for three months. Air India said the matter should have been classified and reported as unruly behaviour by a passenger, but the flight crew and ground staff did not report it as such. "Air India wishes to acknowledge the good faith efforts made by crew to handle the situation effectively in real time, when not all facts were available," it said in a statement, adding that it deemed "the licence suspension of the commander excessive and will be assisting him with an appeal". ($1 = 81.5780 Indian rupees)Reporting by Tanvi Mehta; Editing by Krishna N. DasOur Standards: The Thomson Reuters Trust Principles.

☆ Regulator fines Air India $37,000 for unruly passenger incident
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 20 (Reuters) - Air India has been fined 3 million Indian rupees ($37,000) for its handling of an unruly passenger on one of its flights in November, India's aviation regulator said on Friday. Air India, on Friday, said it was studying the regulator's order on the matter, but acknowledged that there were "gaps" in the airline's internal reporting and assured the "relevant steps" were being taken to address them. "We are also strengthening our crews' awareness of and compliance with policies on the handling of incidents involving unruly passengers," said a spokesperson. India's aviation regulator had earlier issued formal paperwork, named show cause notices, to some Air India staff, including the pilots and cabin crew of the flight involved in the incident, asking why enforcement action should not be taken against them. Air India had also issued show cause notices and de-rostered one pilot and four cabin crew as part of its investigation.

[1/2] The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane MaheDELHI/PARIS, Jan 20 (Reuters) - European planemaker Airbus (AIR.PA) is set to win an order for 235 single-aisle planes as part of a historic purchase of some 495 jets due to be announced by a resurgent Air India on Jan. 27, industry sources told Reuters. Air India and Boeing did not immediately respond to requests for comment. Reuters reported last month that Air India was close to placing orders for around 500 jets from both Airbus and Boeing after months of intense talks on the core plane order. Air India, with its maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted.

☆ Lessor says Air India to order around 500 jets
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

DUBLIN, Jan 16 (Reuters) - Air India is set to order around 500 planes as an airline industry recovery takes hold following the pandemic, one of the world's leading aircraft lessors said on Monday. The comments are the first public indication of the scale of the planned order after Reuters reported in December that Air India was close to ordering as many as 500 jets as it carves out a renaissance under the Tata Group conglomerate. Air India did not immediately respond to a request for comment. China last year placed a block order for Airbus jets. "We do expect a number of airlines will place large orders and again most of these orders will be for replacement," Udvar-Hazy said.

☆ Former Wells Fargo VP faces charges of sexual harassment, obscenity, and 'insulting the modesty' of a 72-year-old woman after officials say he drunkenly peed on her during a flight
▼ + stars: | 2023-01-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Shankar Mishra, a former Wells Fargo VP, was arrested in India on Saturday, local outlets reported. Officials accused Mishra of drunkenly urinating on a 72-year-old woman on an Air India flight in November. After a search to locate him, Mishra now faces charges including sexual harassment for the incident. In response to the incident, Air India is reconsidering its policy of serving alcoholic beverages, Mirror Now reported. Representatives for Wells Fargo did not immediately respond to Insider's requests for comment.

☆ Air India CEO apologizes for mid-air urination incident and says it's reviewing the in-flight alcohol policy
▼ + stars: | 2023-01-07 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Air India CEO Campbell Wilson apologized for its handling of a mid-air urination incident. The airline is reviewing its policy on serving alcohol during flights, Wilson said in a statement. He added: "Air India acknowledges that it could have handled these matters better, both in the air and on the ground and is committed to taking action." The man has been banned from flying on Air India for 30 days, according to Wilson's statement. Air India didn't immediately respond to a request for further comment from Insider.

☆ Air India grounds crew over handling of unruly passenger on flight
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Jan 7 (Reuters) - Air India has issued show cause notice and de-rostered one pilot and four cabin crew as it investigates the handling of an unruly passenger on a flight from New York to Delhi in November, the airline's chief executive office said on Saturday. The Tata group-owned airline has faced criticism from India's aviation regulator following an incident on a Nov. 26 flight in which a male passenger, while apparently inebriated, urinated on a female co-passenger. "Air India acknowledges that it could have handled these matters better, both in the air and on the ground and is committed to taking action," the airline's CEO and managing director Campbell Wilson said in a statement on Saturday. Wilson said Air India has initiated multiple measures to improve its response to such incidents, including a review of airline policies and reporting processes. Air India will provide full cooperation to the affected passenger, regulators and law enforcement authorities, Wilson said.

☆ An intoxicated passenger was detained after urinating on a vacant seat and another passenger's blanket mid-air
▼ + stars: | 2023-01-06 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

An intoxicated passenger on an Air India flight was detained after he urinated on a vacant seat. A similar incident occurred 10 days earlier on another Air India flight. The passenger urinated on a empty seat and the blanket of another passenger, Air India told Insider. A representative for Air India told Insider: "Air India confirms that a passenger on Air India Flight 142 from Paris to Delhi on 6 December 2022 relieved himself on the vacant seat and blanket of a fellow passenger. In deference to the victim's wishes, Air India did not lodge a police report."

☆ Wells Fargo fired an employee accused of urinating on a woman in business class during a New York-Delhi flight
▼ + stars: | 2023-01-06 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Wells Fargo said it fired an employee accused of urinating on a fellow passenger during a flight. The incident was said to have occurred on an Air India flight from New York to Delhi in November. The US bank on Friday issued a short statement about the incident, which was said to have taken place on an Air India flight in November. The Hindu reported Wednesday that a "heavily inebriated" man in business class had been accused of urinating on a woman on Air India flight 102 from New York to Delhi on November 26. Indian media reported that the employee lived in Mumbai and was a vice president at Wells.

☆ A doctor battled for 5 hours to save the life of a passenger whose heart stopped twice on a flight from London to India
▼ + stars: | 2023-01-04 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

A doctor battled to save the life of passenger whose heart stopped twice on an Air India flight. Vishwaraj Vemala was flying with his mother when the man suffered a heart attack. Vishwaraj Vemala was flying on Air India with his mother to Bangalore when a passenger collapsed and stopped breathing. The man then suffered another heart attack and Vemala said it took far longer to revive him the second time. Air India didn't immediately respond to a request for comment by Insider.

☆ Lessor BOC Aviation orders 40 Boeing 737 MAX planes
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +1 min

Dec 28 (Reuters) - Aircraft lessor BOC Aviation Ltd (2588.HK) said on Wednesday it had ordered 40 Boeing Co (BA.N) 737 MAX planes to be delivered in 2027 and 2028, in a year-end boost to the U.S. manufacturer's order book. The Singapore-based lessor said it also amended its existing purchase agreement with Boeing as part of the deal, resulting in it having 80 737 MAX jets on order in total, to be delivered from 2023 to 2028. Boeing's total aircraft orders net of cancellations for the year reached 571 in the 11 months ended November, while rival Airbus SE (AIR.PA) reported 825 net orders in the same period. Both manufacturers are expected to receive large orders soon from Air India, which is negotiating a major fleet renewal and expansion under new owner Tata Group that industry sources said could involve nearly 500 aircraft. Reporting by Jamie Freed in Sydney; Editing by Chris Reese and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Indian stocks top Asian markets, strong economic growth fuels hope
▼ + stars: | 2022-12-22 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

"Global investors, sovereign funds and other institutions are looking to raise exposure to India in their emerging markets portfolios. The world-beating stocks performance has helped India to double its weight in MSCI's emerging markets index to 16% from 2019, but overseas investors have missed out in the local rally. Foreign portfolio investors sold a net $18 billion this year of Indian assets but turned buyers in November and December. The IPO came after the government offloaded its decades-old, debt-laden flag carrier Air India to Tata Sons for $2.4 billion in enterprise value. Apple said it will manufacture iPhone 14 in India, while a key supplier Foxconn (2317.TW) plans to quadruple the workforce at its Indian plant, Reuters has reported.

☆ Airbus pledges deeper industrial ties with India
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +3 min

[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter CziborraPARIS, Dec 21 (Reuters) - Airbus (AIR.PA) plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country's prime minister. Faury's comments on industrial presence come as India is increasingly involved in the civil supply chain. Airbus declined to comment and Tata Group was not immediately available to comment. In October, Tata Group and Airbus said they would make the C-295 military transport aircraft in India.

[1/2] Boeing Commercial Sales and Marketing Vice President Ihssane Mounir attends a news conference at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 20, 2019. Ihssane Mounir has been named senior vice president of global supply chain, Boeing Commercial Airplanes Chief Executive Stan Deal said in an email to employees. Mounir was previously senior vice president of commercial sales and marketing. Among other moves, Deal said Brad McMullen, vice president of commercial sales North America, would succeed Mounir in his sales position while Kim Smith was named to the new role of vice president of Boeing Global Services (BGS) Total Quality. Deal told reporters last week that Boeing faces a number of supply-chain issues.

☆ Analysis: India's post-COVID spending boom drives two-speed economy
▼ + stars: | 2022-12-21 | by ( Ira Dugal | ) www.reuters.com time to read: +5 min

The world's fifth-largest economy is expected grow 6% in the fiscal year ending March 31, 2024, according to a survey by the Indian central bank this month. Importantly, conditions are better than not just the crippling slump during India's devastating COVID surge last year but also the anemic growth of the debt-saddled last decade. "If India does everything right, we could see significant foreign inflows in the next one to two years," said Sridhar Sivaram, investment director at Enam Holdings, a privately managed investment group. India's weight in the MSCI emerging market index has already risen from 8% in 2019 to 16% as of October 2022, said Sivaram. There is also hope that global corporations will diversify supply chains away from China, which would benefit India.

LONDON/NEW DELHI, Dec 16 (Reuters) - Air India is close to a deal to order more than 200 Boeing (BA.N) jets including 190 narrowbody 737 MAX and 30 widebody 787s - part of an historic fleet shake-up roughly split with Boeing's European rival Airbus, industry sources said on Friday. The deal is also expected to include an unspecified number of Boeing 777X long-range jets, they added. Airbus (AIR.PA) is separately moving towards a deal with Air India including at least 200 of its A320-family narrowbody jets as well as dozens of larger A350s, industry sources said. Industry sources said Airbus is expected to win a slightly larger share of the huge fleet replacement and expansion. Bloomberg reported on Friday that Boeing was closing in on an order for as many as 200 of its 737 MAX jets.

☆ Factbox: Air India's fleet versus major Indian and international carriers
▼ + stars: | 2022-12-13 | by ( ) www.reuters.com time to read: +1 min

Feb 14 (Reuters) - India, the world's fastest growing aviation market, has seen increased competition with a number of domestic and international carriers adding flights and destinations across the country. Air India on Tuesday placed landmark orders for 470 jetliners from Airbus (AIR.PA) and Boeing (BA.N) as it carves out an ambitious renaissance under the Tata Group. The fleet expansion plans come after Tata Group in November announced a merger of all its airlines, including full service carriers Air India and Vistara and budget airlines Air India Express and AirAsia India. The new planes are expected to help Air India take on IndiGo and win back international traffic from airlines like Emirates. Here are the fleet sizes of the major Indian airlines and foreign carriers versus Air India's.

☆ Air India's history as Tata pours in money to revive the airline
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +1 min

CHENNAI, Dec 12 (Reuters) - Air India is carving out an ambitious renaissance under the Tata Group conglomerate, which regained control earlier this year after the airline was nationalised nearly seven decades ago. The report came days after Tata announced the merger of Air India with Vistara, a joint venture with Singapore Airlines, to cement itself as the country's largest international carrier and second largest in the domestic market after IndiGo (INGL.NS). The merged Air India entity will have 218 planes and fly to 52 domestic and 38 international destinations. Here is Air India's timeline that includes financial troubles, reputation drop and Tata's plans to restore it. *sourced from Britannica($1 = 82.5650 Indian rupees)Reporting by Praveen Paramasivam in Chennai and Nandan Mandayam in Bengaluru; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Horizon Therapeutics, Coupa Software, Weber and more
▼ + stars: | 2022-12-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Amgen shares fell more than 1%. Weber – Shares of the grill manufacturer jumped 23% after the company announced a deal to be taken private by BDT Capital Partners. Coupa Software – The maker of business spending management software jumped 26% after the private-equity firm Thoma Bravo agreed to buy the company in an all-cash deal worth $8 billion, or $81 per share. Under Armour – The athletics apparel stock jumped 10% following an upgrade to buy from hold by Stifel. Monday – Shares of software publisher Monday jumped 6% after JPMorgan upgraded the stock to overweight from neutral and boosted its price target.

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