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[1/5] Cast member Chris Pratt attends the premiere of 'Guardians of the Galaxy Vol. Pratt had seen one or two short unfinished sequences of "Guardians of the Galaxy Vol. 3," but at the premiere he took the time to savor the entirety of the swan song in Marvel’s “Guardians” trilogy. “I wanted to be swept away on the journey alongside my friends, my family, all of the fans in the audience, the cast and crew. While that wasn’t the actual moment that Pratt and Gunn had, the two recalled feeling the emotional weight of saying goodbye to the “Guardians” movies together.

☆ Factbox: India's Wadia Group whose Go First is in trouble
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, May 4 (Reuters) - India's Wadia Group has survived British colonial rule and fierce business rivalries to create an empire that spans industries, from aviation and real estate to retail, healthcare, engineering and chemicals. - Founded in 1736 by Loeji Nusserwanjee Wadia, the group began as a marine construction company that built ships for the British empire, according to its website. - Chairman Nusli N. Wadia is the grandson of Pakistan's founder, Muhammad Ali Jinnah. - Go First, India's third-largest airline filed for bankruptcy protection blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet. The Wadia Group said all its transactions had been conducted in compliance with the law.

☆ Factbox: The engine dispute at the heart of Go First's bankruptcy filing
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

Here are some details on the U.S. enginemaker's geared turbofan (GTF) engines, which Go First says are at the heart of the crisis. In 2016, Go First received its first A320neo aircraft powered by GTF engines after placing an order for 72 narrow-body jets from Airbus (AIR.PA). Pratt & Whitney is the exclusive engine supplier for the airline's A320neo aircraft fleet. The issues with the GTF engines grounded several A320neo planes in 2017, a year after the engine was launched. In India alone, IndiGo and Go First, among the biggest customers for the A320neo planes, grounded as many as 12 planes at one point, and cancelled dozens of flights.

☆ IndiGo shares surge after smaller rival Go First files for bankruptcy
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, May 3 (Reuters) - Shares of India's largest airline IndiGo (INGL.NS) surged over 8% on Wednesday as smaller rival Go First's bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. Lenders to Go First, including Central Bank of India (CBI.NS), Bank of Baroda (BOB.NS), IDBI Bank (IDBI.NS) and Axis Bank (AXBK.NS) dropped 1.1% to 6.8% on Wednesday. Go First owes financial creditors 65.21 billion rupees ($798 million), its bankruptcy filing showed. Bombay Burmah Trading (BBRM.NS), which is also owned by Wadia and has given loans to Go First in the form of inter-corporate deposits, slid 10%.

NEW DELHI, May 3 (Reuters) - India's Wadia Group, the owner of cash-strapped Go Airlines (India) Ltd, is completely committed to the company, and has no plans to exit it, the airline's chief executive said on Wednesday. The news came a day after the airline, recently rebranded as Go First, filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The insolvency proceedings were aimed at reviving the airline and not selling it, Chief Executive Kaushik Khona told Reuters in an interview, adding that the company had made all payments to Pratt & Whitney. The airline was also looking to engage with lessors to dissuade them from taking any action, he added. Reporting by Tanvi Mehta and Chris Thomas; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Go First bankruptcy isn’t the end of the Indian airline, says owner
▼ + stars: | 2023-05-03 | by ( ) edition.cnn.com time to read: +2 min

His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming “faulty” Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The airline owed financial creditors 65.21 billion Indian rupees ($797 million), its bankruptcy filing showed. Boon for rivalsGo First’s bankruptcy may boost airfares in India and give other domestic airlines a chance to grab a larger chunk of the market share, analysts said. Share prices of India’s largest airline, IndiGo, were up 5.1% on Wednesday, after rising as much as 8.2% earlier. Lenders to Go First, including Central Bank of India, Bank of Baroda, IDBI Bank and Axis Bank, fell on Wednesday.

The cash-strapped carrier, India's third-biggest and best known as Go First, filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet. IndiGo has also had to ground planes because its P&W engines faced problems, but its bigger fleet with diverse engines, and its deeper pockets, meant it could overcome the troubles better than Go First. The airline started operations in 2005 and is owned by bed sheets-to-biscuits Wadia Group, one of India's oldest conglomerates. "The Wadia Group, in particular (chairperson) Nusli Wadia, has always tried to see that the company and the airline operations go on, on a normal basis," Khona said. "There is no question of Wadia Group having any intention to exit or move out."

☆ Airbus says engine maker Pratt facing problems with jet support
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

PARIS, May 3 (Reuters) - The head of planemaker Airbus (AIR.PA) said on Wednesday U.S. engine maker Pratt & Whitney has been struggling to support its fleet of passenger jets with enough spare parts and engines. CEO Guillaume Faury declined comment on a decision by India's third-largest airline, Go First, to file for bankruptcy, which it blamed on problems with the durability of Pratt & Whitney's GTF engines on its Airbus 320neo jets. "This being said, there are issues with in-service support of the GTF that are leading to airlines having planes with temporary issues, and planes 'AOG' (grounded), and this is something that we are very closely monitoring," Faury told reporters during a results briefing. Raytheon Technologies (RTX.N) unit Pratt & Whitney did not immediately respond to a request for comment. Reporting by Tim HepherOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: India's Go First seeks insolvency resolution as engine trouble grounds fleet
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

May 2 (Reuters) - Cash-strapped Indian airline Go First Airways filed for voluntary insolvency resolution proceedings in the National Company Law Tribunal on Tuesday. The airline is owned by the Wadia Group, which also runs bread and biscuits maker Britannia Industries (BRIT.NS) and textile firm Bombay Dyeing and Manufacturing Co (BDYN.NS). The low-cost carrier posted its biggest annual loss in fiscal 2022, local media had reported. The Wadia Group was in talks to sell a part of its stake or completely exit the airline, the Economic Times newspaper had reported in April. The grounding and related issues also saw the airline delay plans to go public, local media reported.

☆ India's Go First Airways files for insolvency proceedings, suspends flights - report
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, May 2 (Reuters) - Cash-strapped Indian airline Go First Airways has suspended its flights for May 3 and 4, and filed for insolvency resolution proceedings in the National Company Law Tribunal, local media reported on Tuesday. Go First is suspending flights due to a severe funding crunch, PTI said in a report carried by ET Now, citing the airline's Chief Executive Kaushik Khona. The grounded flights have led to Go First's market share falling to 6.9% in March from 8.4% in January, latest data from the Indian aviation regulator showed. Go First has also sued Pratt & Whitney in a U.S. federal court, seeking to enforce an arbitral award that asks the engine maker to supply the airline, the ET report said. Reporting by Varun Vyas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Super Mario Bros. Movie’ Crosses the $1 Billion Mark
▼ + stars: | 2023-05-01 | by ( Nicole Sperling | ) www.nytimes.com time to read: +1 min

The animated film “The Super Mario Bros. Movie” crossed the $1 billion box-office threshold on Sunday, making it the fifth movie to do so since the start of the pandemic and the surest sign yet that the theatrical movie business is on the rebound after a prolonged downturn. Of the five films to cross the $1 billion mark since the pandemic began, “Super Mario” is the first animated one. In fact, “Super Mario” helped push the April domestic box office up 11.5 percent compared with prepandemic levels, according to the box office analyst David A. Gross called the stat “a breakthrough” since it marks the first month that has surpassed its prepandemic average. The 2023 year-to-date box office deficit is now down 21.8 percent compared with that average.

☆ ‘Super Mario Bros. Movie’ set to become 10th animated film to cross $1 billion at the global box office
▼ + stars: | 2023-04-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Nearly one month after “The Super Mario Bros. Movie” premiered with an impressive opening weekend at the box office, the animated film is expected to hit another major milestone. The movie is set to cross $1 billion at the global box office on Sunday, according to a news release from Universal, continuing to break box office records as it remains in the No. “Super Mario Bros.” will become the 10th animated film in history to cross $1 billion, making it the 10th biggest animated movie of all time globally, beating out the $942.5 million that “Minions: The Rise of the Gru” grossed in 2019. “Super Mario Bros.” surpassed Marvel’s “Ant Man and the Wasp: Quantumania” at the time, which brought in $225.3 million globally during its February opening. “The Super Mario Bros. Movie” follows Brooklyn plumbers Mario and Luigi as they’re transported down a mysterious pipe while working underground to fix a water main.

☆ Travel recovery boosts jet engine units at GE and Raytheon
▼ + stars: | 2023-04-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Technicians assemble a General Electric Co. CFM56-7B jet engine at the company's Aviation Assembly & Test facility in Research Triangle Park in Durham, North Carolina. A recovery in air travel is lifting sales and repairs at the aircraft engine units of General Electric and Raytheon Technologies as Boeing and Airbus scramble to increase their production rates of new planes. The unit makes engines for Boeing's 737 Max planes and Airbus' A320 family of narrow-body aircraft. Raytheon's Pratt & Whitney engine unit sales increased 15% from a year earlier to $5.23 billion. The improvements in those companies come as Airbus and Boeing are trying to increase their output of new planes for airlines.

☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, GE, Home Depot, Elanco, SeaWorld & more
▼ + stars: | 2023-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Tesla as buy Goldman says Tesla's earnings report on Wednesday was a "negative" but that it's standing by the stock. Bank of America reiterates Amazon as buy Bank of America says it's standing by Amazon heading into earnings next week. Bank of America upgrades WestRock to buy from neutral Bank of America said in its upgrade of the packaging solutions company that it sees "transformation benefits." Bank of America downgrades NetApp to underperform from neutral Bank of America said in its downgrade of the hybrid cloud data services company that it sees weaker demand. Morgan Stanley initiates SeaWorld as overweight Morgan Stanley said in its initiation of SeaWorld that it sees an attractive risk/reward.

☆ Air Canada CFO Kazzaz to retire, ex-Bombardier exec Di Bert to take over
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

April 11 (Reuters) - Air Canada (AC.TO) said on Tuesday that Chief Financial Officer Amos Kazzaz would retire at the end of June and be replaced by former Bombardier Inc (BBDb.TO) executive John Di Bert. Di Bert, who has served as CFO for both Bombardier and Pratt & Whitney Canada, will assume the role at Air Canada on July 1. The change comes at a time when Air Canada, like other North American carriers, faces cost pressures due to a labor shortage amid a rebound in travel. Toronto-listed shares of Air Canada were up about 2% on Tuesday. Reporting by Pratyush Thakur in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

“I just don’t remember anything after that,” Maroulis tells CNN Sport about her admission, adding that she was released a few days later. And then when I got the concussions, it felt like a lot of that flooded back,” she says. “My relationship with wrestling felt so damaged and broken,” she adds. Sarah Stier/Getty ImagesMore support needs to be given to young athletes experiencing concussion, Maroulis believes, particularly when some might delay seeking support for fear of seeming weak. Pushing through because you don’t want them to think you’re weak is the worst thing you can do,” Maroulis says.

☆ 'The Super Mario Bros. Movie' smashes box office records with the biggest global opening for an animated film ever
▼ + stars: | 2023-04-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

"The Super Mario Bros. Movie" had the biggest opening for an animated film on record. The movie, based on Nintendo's video game, stars Chris Pratt, Anya Taylor-Joy, and Jack Black. In the US the film took $31.7 million on Wednesday, $26 million on Thursday and a further $146.4 million Friday to Sunday. It's also the biggest opening of any film so far this year, beating "Ant-Man and the Wasp: Quantumania," according to The Hollywood Reporter. The Hollywood Reporter said "Super Mario" was set to be "the first all-audience blockbuster of 2023."

☆ 'The Super Mario Bros. Movie' is set for a big opening weekend — despite bad reviews
▼ + stars: | 2023-04-05 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

In this article 7974.T-JP Follow your favorite stocks CREATE FREE ACCOUNTChris Pratt and Charlie Day voice Mario and Luigi in Universal and Illumination's "The Super Mario Bros. Universal"The Super Mario Bros. Movie" isn't looking like a smash with the critics. And box office analysts don't foresee poor critical reviews deterring moviegoers, particularly families, from venturing to the cinema to see "The Super Mario Bros. Jack Black voices the villainous Bowser in Universal and Illumination's "The Super Mario Bros. Movie" UniversalRadheyan Simonpillai, Globe and MailLong before critics sat down to watch "Super Mario Bros.," there was a big question about the film's top-billed voice actor — Chris Pratt. "I wonder whether the filmmakers were too timid to draw outside the lines with this copyright protected material, lest they end up with something like the disastrous live-action 1993 movie, 'Super Mario Bros.,'" he said.

☆ Aerospace Executives Go to Trial Over Alleged No-Poach Deals
▼ + stars: | 2023-03-26 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

The Justice Department has struggled to convince jurors to convict defendants accused of crafting agreements that restrict workers’ mobility. WASHINGTON—Federal prosecutors are scheduled to begin a trial Monday in which a former Pratt & Whitney manager is accused of conspiring with his suppliers to prevent them from poaching one another’s workers, in a new test of the government’s more aggressive antitrust strategy. The case, in federal court in Bridgeport, Conn., is the latest example of a new category of prosecution: collusion among employers to restrict workers’ mobility or wages. The Justice Department has struggled to convince jurors at three prior trials to convict defendants accused of crafting such agreements.

☆ Netflix Bets Big on ‘The Electric State’ as It Seeks to Build Franchises
▼ + stars: | 2023-03-22 | by ( Sarah Krouse | Robbie Whelan | ) www.wsj.com time to read: 1 min

‘The Electric State’ is directed by Anthony and Joe Russo, who are also known for Netflix’s ‘The Gray Man.’Netflix Inc. is spending big on a coming science-fiction movie from the filmmaking team behind “Avengers: Endgame,” underscoring the company’s willingness to invest heavily in projects it thinks can be turned into major franchises. The price tag for the “The Electric State”—featuring A-list talent including Chris Pratt of the “Guardians of the Galaxy” franchise and “Stranger Things” star Millie Bobby Brown —is likely to be in the high $200 million range, people familiar with the matter said.

☆ Lunchables are going to be rolled out directly to students. Here’s what’s in them
▼ + stars: | 2023-03-13 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +7 min

New CNN —Kraft Heinz has succeeded in getting its ready-to-eat packaged Lunchables into school lunch programs starting this fall, in a major new initiative. The USDA referred CNNBusiness to Kraft Heinz for further details about the cost and nutritional content of its Lunchables for schools. Kraft Heinz declined to provide additional details about the cost and other nutritional content, including sodium and saturated fat content. School food nutrition guidelines getting stricterKraft-Heinz says that Lunchables will minimize school "labor needs and costs" in its promotional materials. “As school nutrition guidelines get increasingly complex, we’ve seen companies leaving the K-12 segment, said Pratt-Heavner.

☆ Military Contractors Square Off Over F-35 Jet Engine Program
▼ + stars: | 2023-03-08 | by ( Brody Mullins | Ted Mann | ) www.wsj.com time to read: 1 min

GE is lobbying Congress to fund an alternative engine for the Pentagon’s F-35 jet fighter. WASHINGTON—One of the biggest lobbying clashes in recent years is heating up again: the fight to fund an alternate engine to power the Pentagon’s F-35 jet fighter. More than a decade ago, engine-maker Pratt & Whitney and its allies in Congress won out over General Electric Co. to be the exclusive supplier for the next-generation fighter. Now GE is once again lobbying Congress to provide billions of dollars to fund an alternative engine it would build, citing what it calls the flaws in Pratt’s engine.

☆ Pratt & Whitney awarded $5.2 bln contract to develop engines for F-35 Lightning II
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

March 6 (Reuters) - Pratt & Whitney, a Raytheon Technologies (RTX.N) unit, said on Monday it has been awarded a $5.2 billion contract to support production of the 15th and 16th lots of F135 engines, with an option to award a 17th lot, powering all three variants of the F-35 Lightning II fighter aircraft. The total contract value for lots 15-17, with exercised options, is about $8 billion and will fund over 418 F135 engines, Pratt & Whitney said. The contract funds production of 278 F135 engines with an option to order up to 518 engines. It also includes program management, engineering support, production support and tooling. As of December 2022, Pratt & Whitney has delivered more than 1,000 F135 production engines.

☆ U.S. govt clears F-35 engine deliveries after safety concerns addressed
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

Feb 24 (Reuters) - Raytheon Technologies Corp (RTX.N) said on Friday the U.S. government has cleared its Pratt and Whitney unit to resume deliveries of its F-135 engine for the F-35 fighter jet, after a halt was put in place in December following the discovery of a safety concern. The F-35 Joint Program Office said in a statement its engineers worked alongside Pratt & Whitney and Lockheed Martin (LMT.N) to develop "mitigations for a rare system phenomenon involving harmonic resonance to develop a path forward for safe operation of the F135 in flight". "The actions the government and industry team are taking will ensure incorporation of mitigation measures that will fully address/resolve this rare phenomenon in impacted F135 engines," it added. The JPO also said the government was working on drawing up instructions for safely resuming flight operations for impacted and new production aircraft. Reporting by Tiyashi Datta in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Raytheon says can support mid-50 Airbus A320 output, backs Boeing target
▼ + stars: | 2023-02-22 | by ( Abhijith Ganapavaram | ) www.reuters.com time to read: +2 min

Feb 22 (Reuters) - Aerospace giant Raytheon Technologies Corp (RTX.N) can support a monthly production rate in the mid-50s range for Airbus SE's (AIR.PA) A320 aircraft this year, a target that appears slightly below the planemaker's planned output hike. Speaking at a Barclays conference on Wednesday, Raytheon Chief Executive Officer Greg Hayes backed Airbus rival Boeing Co's (BA.N) planned 737 MAX jet production hike. Boeing aims to raise the production of its bestselling 737 MAX jetliner from about 31 jets a month. Production targets of the planemakers are under the scanner by investors - albeit for different reasons. Raytheon-owned Pratt & Whitney's engines power all Airbus A220 jets and about half of A320neo aircraft.

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