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☆ Air New Zealand becomes first major airline to scrap its 2030 climate goal
▼ + stars: | 2024-07-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

An Air New Zealand plane is seen during game two of the Women's ODI series between New Zealand and Pakistan at Hagley Oval on December 15, 2023 in Christchurch, New Zealand. Air New Zealand on Tuesday dropped its 2030 climate goal, citing delivery delays of fuel-efficient aircraft and the affordability of alternative jet fuels. "As such and given so many levers needed to meet the target are outside our control, the decision has been made to retract the 2030 target." Air New Zealand had previously said its 2030 target was to reduce carbon intensity by 28.9%, compared to 2019 levels. The airline said Tuesday that work has begun on a new near-term target.

Persons: Greg Foran, " Foran Organizations: Air, Hagley Oval, Air New Zealand, Zealand Locations: Zealand, New Zealand, Pakistan, Christchurch , New Zealand

☆ At the year's biggest air show, Boeing and Airbus orders were muted. Supply chain worries were not
▼ + stars: | 2024-07-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Toby Melville | ReutersFARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year's biggest air show. One standout was Air Korea's order for up to 50 Boeing wide-body planes, including the 777X, which Boeing is working toward getting certified by regulators. As both manufacturers grapple with production strains, Air Korea CEO Walter Cho quipped during the Boeing order signing: "Whichever comes first will become our flagship, whoever's on time." Boeing has an overall backlog of close to 5,500 planes, while Airbus has more than 8,000 on order. Many airlines from United Airlines to Air India have also stocked up on new jet orders as travel rebounded in the pandemic.

Persons: Toby Melville, Ihssane Mounir, Boeing's, Walter Cho, whoever's, Peter Anderson, Matthew Childs, Christian Scherer, Scherer Organizations: Airbus, Farnborough, Reuters, Boeing, Wall Street, Paris Air, Ishka, Air, Max, Airbus A321neo, United Airlines, Air India, The Boeing Company, AerCap, Reuters Airbus Locations: Farnborough, Britain, Reuters FARNBOROUGH, England, London, Paris, Air Korea, Arlington , Virginia

☆ The aviation industry mess is turning into bad news for the planet
▼ + stars: | 2024-07-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

Air New Zealand is waiting for eight Boeing 787 Dreamliners and five Airbus A320neo and A3201neo planes, according to its website. SAF has a lower carbon footprint than traditional jet fuel because it’s made from waste products, where the carbon has already been emitted; or from plants that absorb CO2 as they grow. That was much higher than the 5% reduction target in international aviation emissions by 2030 agreed by 193 countries at a United Nations-backed conference last November. The aviation industry accounted for 2% of global energy-related carbon emissions in 2022, according to the International Energy Agency (IEA). “Planned production capacity for sustainable aviation fuels will provide just a small fraction of jet fuel demand by 2027,” notes the IEA on its website.

Persons: ” Greg Foran, “, it’s, ” Organizations: London CNN — Air, Zealand, Air, Boeing, Airbus, CNN, SAF, United, International Energy Agency, New, Reuters Locations: Zealand, Air, United Nations, New Zealand

☆ As litigation flares against Michael Shvo's property empire, his German backers feel the heat
▼ + stars: | 2024-07-29 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Advertisement"For no reason, I felt targeted in a very toxic and vulgar way," Goodman previously told Business Insider. In a previous response to Business Insider, Shvo said he had no recollection of that call. The Goodmans also named the Mandarin Oriental hotel brand as a defendant, stating that 685 Fifth Avenue's "service standards are severely lacking and in no way Mandarin Oriental caliber." A spokeswoman for Mandarin Oriental did not immediately respond to a request for comment.

Persons: —, Michael Shvo, Shvo's, Shvo, Shvo –, John Goodman, Diane, Belinda Burgmeier, Burgmeier, Goodman, Jennie Enterprise, Enterprise, Serdar, Bilgili, BVK, Rainer Komenda Organizations: Service, Business, Universal Investment, Deutsche Finance, Core, Shvo, BVK, Core Club, Bilgili, San Locations: Manhattan, New York, Munich, San Francisco, Milan, Italy, Turkish, BVK, Wabash, Chicago, Shvo, Raleigh, Los Angeles

☆ RIMPAC: US Air Force B-2 bomber used in exercise to sink surface ship with low-cost bomb
▼ + stars: | 2024-07-27 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Earlier this month, the US and allies practiced taking out a large surface ship with long-range weapons, including, for the first time, a US Air Force B-2 bomber. It showed the US military can use one of its most survivable weapons platforms, the B-2 Spirit stealth bomber, to sink a major surface ship with a low-cost guided bomb. The Air Force says its stealthy characteristics allow it to penetrate heavily defended areas and also fly with a small chance of being detected by radar at high altitudes. Mating it up with relatively cheap and demonstrably effective precision-guided bombs with warheads of up to 2,000 pounds could give the Air Force bombers the “anti-ship lethality” of a submarine-launched torpedo without the liabilities of a submarine, according to a US Air Force website. The Air Force first tested QUICKSINK in 2022, when an F-15 fighter jet released a GBU-31 Joint Direct Attack Munition (JDAM) that destroyed a full-scale surface target in the Gulf of Mexico, according to an Air Force statement.

Persons: ”, Seleena Muhammad, QUICKSINK, Carl Schuster, ” Schuster, Jon Husman, Alessio Patalano, Mark Hammond, Australia’s, “, LSIS Daniel Goodman, USS Fitzgerald, John Wade, RIMPAC, John Bradford, ” Bradford, Zhongping Organizations: South Korea CNN, US Air Force, US, Air Force, Munitions, Royal Air Force, U.S . Air Force, Navy, Air Force Research, Liberation Army Navy, PLAN, US Pacific Command Joint Intelligence Center, U.S . Navy, King’s College, US Navy, Ship, 3rd Fleet, Royal Australian Navy, Naval, Australia, Royal Australian, Kongsberg Defence & Aerospace, US Navy destroyer, US Marine Corps, Task Force, Foreign Relations International Affairs, Times, PLA Navy, Global Times, ” Global Times Locations: Seoul, South Korea, Kauai, China, Tarawa, England, U.S, Gulf of Mexico, Pacific, Taiwan, Philippines, Japan, London, Oahu, Hawaii, Norwegian, USS Dubuque, ‘, Malaysia, Netherlands, China China, Asia, Taiwan Strait, South China

☆ America's 7-Eleven stores are about to get a Japanese makeover
▼ + stars: | 2024-07-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementThese convenience stores also double up as pit stops that live up to their name by offering customers access to ATMs and printers, as well as other services like bill payments and buying concert tickets. That said, Americans who want to enjoy some of the Japanese 7-Eleven magic closer to home won't have to wait much longer. America's 7-Elevens get a Japanese makeoverThe stores in the US will soon get a fresher variety of food similar to their Japanese counterparts. Related storiesAs Isaka told Bloomberg in February, that strategy is now all about getting "fresh food" on shelves. That process is being helped by Warabeya Nichiyo, a key food supplier for 7-Eleven Japan, as it looks to build its third plant in the US, costing $81.5 million.

Persons: —, Lawson —, Elevens, Ryuichi Isaka —, Isaka, Warabeya Nichiyo, she'd Organizations: Service, Business, YouTube, Holdings, Speedway, Bloomberg, Street Journal Locations: Haneda, Narita, North America, Tokyo's Asakusa, Dallas, American, Tokyo, Japan, Orange County , California

☆ Scientists are closer than ever to deciphering the secret language of sperm whales. AI could be the key.
▼ + stars: | 2024-07-27 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Using AI to decode clicks from sperm whales, the scientists discovered a sophisticated alphabet hidden in the animals' sounds. And similar to Morse Code, their clicks are what they mainly use to communicate and socialize with other sperm whales. AdvertisementThinking like baby whalesA Project CETI collaborator holds the drone that the researchers use to observe sperm whale behavior and body language. Project CETIIn partnership with the Dominica Sperm Whale Project, Project CETI observes and documents sperm whale communication using a variety of different technologies. The researchers supplement these auditory recordings with drone surveys of the whales' body language and field observations taken by Project CETI researchers.

Persons: —, David Gruber, Gruber, Brandon Sloter Organizations: Service, Business, Project, Morse, Nature Communications, Project CETI, NOAA Locations: Dominica, Eastern

☆ Video shows an explosives-laden Jet Ski-style vehicle likely belonging to Ukraine floating off a beach in Turkey
▼ + stars: | 2024-07-27 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

A Jet Ski-style vehicle packed with explosives was found off the coast of Turkey. The watercraft, thought to belong to the Ukrainian military, features sensors and a Starlink antenna. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA modified Jet Ski-style vehicle laden with explosives was found floating off the coast of Turkey, near Istanbul. The personal watercraft, believed to belong to the Ukrainian military, may offer a unique insight into how Ukraine has been producing makeshift sea drones.

Persons: —, Turkey's, Sutton Organizations: Service, Turkey's İhlas News Agency, Business Locations: Turkey, Istanbul, Ukraine

☆ NASA Perseverance rover’s rock find may show microbial life existed on Mars
▼ + stars: | 2024-07-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.

Persons: ”, David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, —, Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva

☆ I decided not to have a second child and have no regrets. The benefits are just too good.
▼ + stars: | 2024-07-26 | by ( Nicole Findlay | ) www.businessinsider.com time to read: +4 min

The second time, I had a healthy pregnancy that resulted in a perfect baby boy, but for the first six months of that pregnancy, I struggled mentally. After a loss, the second pregnancy didn't seem real. Travel is easier and cheaperObviously, by choosing to have only one child, our expenses are lower, which allows us to travel more. The overall cost wasn't the reason why we didn't have a second child, but the extra money is definitely a benefit. I play moreA family member once told me, "An only child is a lonely child."

Persons: I'm, it's Organizations: Service, Business

☆ Russia's efforts to copy Ukraine's wildly successful sea drones won't achieve much, expert says
▼ + stars: | 2024-07-26 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewRussian efforts to copy Ukraine's naval drone success won't help its invasion and may be a waste of resources, a drone warfare expert told Business Insider. Ukraine's homemade naval drones have been instrumental in helping contain Russia's Black Sea Fleet. Patton said Ukraine's drones have been successful as they've been launched against crewed Russian naval assets. AdvertisementA sea drone during a presentation by Ukraine's Security Service in Kyiv region, Ukraine. Even so, it's not clear how much of an advantage naval drones would be in such a war.

Persons: —, Yevhen, James Patton Rogers, Ukraine doesn't, Patton, they've, Russia's, Rogers, Evgeniy, Yerin, it's Organizations: Service, The Telegraph, Business, Ukrainian Defense Intelligence, Cornell Brooks Tech Policy Institute, intel, Directorate of Intelligence, Ministry of Defense, UK's Ministry of Defence, Fleet, Ukraine's Security Service, BI, NATO Locations: Ukraine, Russia, Ukrainian, Russian, Crimea, Kyiv region, Iran

☆ A US Navy fighter squadron scored a series of firsts fighting the Houthis from an aircraft carrier in the Red Sea
▼ + stars: | 2024-07-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewA US Navy fighter squadron that was recently attached to the aircraft carrier USS Dwight D. Eisenhower scored several historic firsts while flying combat missions against the Houthis. During its deployment, the fighter squadron — nicknamed the "Gunslingers" — racked up a number of firsts, the Navy revealed this month. AdvertisementSailors observe as an F/A-18E Super Hornet lands on the flight deck of the Eisenhower in the Red Sea on March 12. Related storiesThis fighter squadron was also the first to fire AGM-88 HARM missiles from an F/A-18E in combat. AdvertisementAn F/A-18E Super Hornet launches from the flight deck of the Eisenhower in the Red Sea on April 9.

Persons: —, Dwight D, Eisenhower, Ike, Truman, Travis Amerine Organizations: Service, US Navy, Strike Fighter Squadron, Business, Hornet, Navy, US, VFA, AIM, 9X, EA, Eisenhower Carrier Strike Locations: Gulf, Aden, Iran, Yemen, Virginia

☆ NORAD says it tracked Chinese and Russian long-range bombers off Alaska
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +3 min

Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.

Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea

☆ Read about U.S. arms transfers to Israel since Oct. 7
▼ + stars: | 2024-07-25 | by ( ) www.nytimes.com time to read: +3 min

U.S. Arms Transfers to Israel Since October 7 Recent U.S. decisions to withhold certain arms transfers to Israel, resume others, and the inconsistent reporting around those decisions highlight the challenges of accounting for vital resupplies to help Israel wage an unexpected, prolonged, multifront, munitions-intensive conflict. JINSA has produced an infographic detailing publicly-listed U.S. military assistance to Israel since October 7, including withheld supplies. JINSA Because arms deliveries are not publicly disclosed, it is difficult to assess exactly which supplies the United States agreed to send since October 7, versus sales that were contracted before that date and delivered afterward - nor is this list likely to be exhaustive, given backlogged and incomplete reporting of agreed arms transfers by the Pentagon. Weapon Type AGM-114 Hellfire-2 Missiles and Precision Guided Munitions Armored Vehicles, Armaments, Personal Protective Equipment, Medical Supplies, and Ammunition Artillery Ammunition and Ancillaries: M107 155mm D Quantity of Weapons & Supplies Value of Weapons MO/YR Requested MO/YR MO/YR Appropriated Approved Delivered 3,000 Missiles Yes 10,000 Tons Through 12/23 4,792 Rounds $147.5 Million 12/23 Artillery Ammunition: M795 155mm 52,229 Rounds 12/23 Bomb Live Unit (BLU)-109 Bombs: 2,000-lb 100 Bombs Yes Cannon Ammunition: 30mm 36,000 Rounds Yes Colt M16, M4, and MK18 Rifles 44,000 Rifles $34 Million 11/23 Yes $26.675 Million 5/24 ≤50 Aircraft $18+ Billion 25 Aircraft Yes Yes ཪི་ $14.1 Billion 4/24 Colt M4A1 Carbines, Suppressors, and Flash Suppressors F-15 Tactical Fighter Aircraft F-35A Multirole Combat Aircraft High Explosive Anti-Tank Multi- Purpose with Tracer (MPAT) Tank Cartridges and Related Equipment: M830A1 120mm Iron Dome Missile Defense System Israel Security Supplemental Appropriations Act, 2024: Iron Dome and David's Sling Systems, and Iron Beam Development Joint Direct Attack Munitions (JDAM) JP-8 Jet Fuel M141 Bunker-Buster Ammunition 13,981 Rounds $106.5 Million 2 Batteries 3,000 Rounds 41,227,000 kg ≥1,800 Rounds Delivered of 3,000 Requested 12/23 Yes Yes 12/23 Yes M4 Propelling Charges Mortar Ammunition Night-Vision Devices 30,000 Charges 12/23 $60 Million 5/24 3,500 Devices Yes Skydio X10 Series Drones 100+ Drones Yes Small Diameter Bombs (SDB): Various Types 2,600 Bombs Yes Switchblade 600 Drones 200 Drones 10/23 Tactical Vehicles $500 Million 5/24 Tamir Interceptors for Iron Dome Undisclosed Number of Rounds Yes Tank Ammunition 14,000 Rounds $700 Million Unguided Bombs: MK82 500-lb Unguided Bombs: MK82 500-lb 6,500 Bombs Unguided Bombs: MK84 2,000-lb 1,700 Bombs 14,000 Bombs Unguided Bombs: MK84 2,000-lb 1,800 Bombs 12/23 Yes 6/23 Yes Yes Yes DDDD Currently Reported to be Suspended Recently Unsuspended Transfers

Persons: ཪི, Tamir, DDDD Organizations: Pentagon, Guided Munitions, Vehicles, Armaments, Medical Supplies, Artillery, MK18 Rifles, Colt, Fighter Aircraft, Dome Missile Defense System Israel, Systems, Beam, Attack Munitions, Buster, Iron Locations: Israel, States

☆ Nickelback, Post Malone, Chris Brown, and other stars took COVID cash despite their accountants' initial concerns about 'perjury' and 'perception problems,' court documents say
▼ + stars: | 2024-07-25 | by ( Jack Newsham | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Congress created the Shuttered Venue Operators Grant in 2021 to help theaters and indie music venues stay in business during the pandemic lockdowns. A 2023 Business Insider investigation found that dozens of wealthy musicians used ineffective oversight and loopholes in the law to line their pockets. But once the law was passed, Strickland said he focused on helping as many people get money as possible. According to an email, he ended up telling NKSFB to pull the application, figuring he was being fed "BS" by a consultant.

Persons: Post Malone, Chris Brown, Nickelback, Lil Wayne, didn't, —, Paul Anka —, David Hickok, Hickok, Bessy Wong, Mickey Segal, Anka, Segal, NKSFB, Kyle Leunissen, Suicideboys, Michael Strickland, Lites, Strickland, Paul Anka Organizations: Service, Small Business Administration, Business, Post, SBA, BI, Billboard Locations: Angeles, American, NKSFB

☆ These Brothers Were Real Estate Hotshots. And Predators, Some Women Say.
▼ + stars: | 2024-07-24 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

With a knack for brokering luxury properties, Tal and Oren Alexander, brothers who worked as real estate agents, rose as high as the New York City penthouses they sold. They built an image as jet-setting bachelors, filling their social media feeds with photos from Wimbledon, Art Basel and the beach in Mykonos. Their traditional good looks and magnetism attracted ultrarich clients who propelled the brothers past thousands of other agents to the very top of the ranks at Douglas Elliman, one of the largest real estate brokerages in the country. But as the brothers partied and sold co-ops and condos from Manhattan to Miami, they were quietly earning another reputation: Accusations that they drugged and sexually assaulted women were spreading throughout the world of high-end real estate. By 2022, they had co-founded their own real estate brokerage, Official.

Persons: Tal, Oren Alexander, Douglas Elliman, Oren Organizations: New, Art, Douglas Locations: New York City, Wimbledon, Art Basel, Mykonos, Manhattan, Miami, United States

☆ Delta’s CEO went to Paris Olympics as his airline struggles to recover from massive meltdown
▼ + stars: | 2024-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

Meanwhile, Bastian traveled to Paris for the Olympics, accordingly, where Delta is a sponsor of the US Olympic Team. Ed remains fully engaged with senior operations leaders.”Delta Air Lines CEO Ed Bastian traveled to Paris Wednesday for the start of the Olympics later this week as the airline works to recover from a five-day service meltdown. Jeenah Moon/Bloomberg/Getty Images/FileBastian flew to Paris on a Delta commercial flight, not a private jet, the airline said. As the official airline of the US Olympic Team, the company is flying athletes, coaches and other support staff to Paris. “Unless you’re going to the Olympics, people aren’t going to Paris… very few are,” Bastian told CNBC.

Persons: Ed Bastian, Delta, Bastian, “ Ed, ”, Ed, CrowdStrike, Jessica McGowan, ” Bastian Organizations: New, New York CNN, Olympics, US Olympic, CNN, Delta Air, Paris Wednesday, Bloomberg, Getty, US Olympic Team, Olympic, Delta, Delta Air Lines, Hartsfield International Airport, CNBC, “ Locations: New York, Paris, Delta, Atlanta

☆ US Department of Justice finalizes plea deal with Boeing
▼ + stars: | 2024-07-24 | by ( Ramishah Maruf | Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —The US Department of Justice on Wednesday for the first time shared details of its finalized plea deal agreement with Boeing, in which the troubled aviation company will plead guilty to a felony charge of defrauding the US government. The plea deal is subject to approval of a federal judge. “We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs,” Boeing said in a statement. It had already paid half the fine as part of the original plea deal in 2021. The families of victims of two fatal crashes of the 737 Max oppose the deal, the Justice Department said.

Persons: “, Max, – Organizations: New, New York CNN, US Department of Justice, Boeing, Federal Aviation Administration, Justice Department, Alaska Airlines Locations: New York, United States

☆ Dramatic footage appears to show a Ukrainian missile taking out a prized Russian jet
▼ + stars: | 2024-07-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Dramatic footage shared by Ukraine shows what it says is a missile taking out a Russian jet. The jet was trying to target ground forces in Donetsk, a Ukrainian operational group said. This is the second Su-25 downed by one brigade in Donetsk in the last month, it claimed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine shared dramatic footage that it claims shows the downing of a Russian Su-25 military jet.

Persons: — Organizations: Service, Mechanized Brigade, Business Locations: Ukraine, Russian, Donetsk, Ukrainian

☆ Farnborough Air Show kicks off with $51 billion in deals as Airbus shows off new ultra long-haul jet
▼ + stars: | 2024-07-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

An Airbus A321-XLR takes part in an air display on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024. FARNBOROUGH, England – The Farnborough Air Show generated deals worth £39.3 billion ($50.8 billion) across its first day, the organizers of one of the biggest events in the aviation world calendar said, as Airbus showcased its new single-aisle long-haul jet. Korean Air signed for 40 wide-body jetliners from the U.S. plane-maker, while Japan Airlines placed a firm order for 10 of its 787-9 Dreamliners, with an option for 10 more. Budget Vietnamese carrier VietJet placed an order for 20 of Airbus's A330neo aircraft on Monday. Airbus meanwhile grabbed the attention of the thousands of trade delegates with an early afternoon display of the soon-to-launch A321XLR, set to be the world's longest-range single-aisle aircraft.

Organizations: Airbus, Farnborough Air, ADS, Boeing, Korean Air, Japan Airlines, Budget, Aer Lingus Locations: London, FARNBOROUGH, England, Farnborough, U.S, Iberia

CNN —Democratic Sen. Bob Menendez of New Jersey will resign his seat effective August 20, according to a copy of his resignation letter obtained by CNN. Menendez had faced mounting pressure from within his own party to resign or face the threat of expulsion from the Senate. Receipt of Menendez’s resignation letter was announced Tuesday on the Senate floor in a brief exchange between Senate Majority Leader Chuck Schumer and Presiding Officer Sen. Peter Welch, a Democrat from Vermont. “In light of this guilty verdict, Senator Menendez must now do what is right for his constituents, the Senate, and our country, and resign,” Schumer said in a statement. Menendez stepped down as chairman of the Senate Foreign Relations Committee last year, but had long rejected calls to resign his US Senate seat.

Persons: Democratic Sen, Bob Menendez, Menendez, —, Chuck Schumer, Sen, Peter Welch, Phil Murphy, Andy Kim, Curtis Bashaw, ” Menendez, “, ”, Schumer, ” Schumer, Menendez’s, Prosecutors, Nadine Menendez, Salomon Melgen, Manu Raju, Ted Barrett, Owen Dahlkamp Organizations: CNN, Democratic, Bob Menendez of New, Senate, Vermont . New, Vermont . New Jersey Gov, Democrat, Capitol, Senate Foreign, Mercedes, Benz, Hyatt Locations: Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Vermont ., Vermont . New Jersey, Paris

☆ Graceland questions authenticity of Elvis memorabilia sold by auction house with ties to Priscilla Presley
▼ + stars: | 2024-07-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chloe_Melas.Jpg | Chloe Melas | ) www.nbcnews.com time to read: +13 min

Its owner, Brigitte Kruse, formed a relationship with Elvis' ex-wife, Priscilla Presley, and has even acted as her power of attorney. The questions over some of Kruse’s Elvis items reflect the murky world of celebrity memorabilia. The problem, these collectors say, is that there are dishonest people with Elvis ties providing bogus items to auction houses. In her suit, Priscilla said they were introduced by a mutual connection who said Kruse wanted to discuss her business selling Elvis memorabilia. In the days before the auction, Priscilla did media interviews explaining why she was endorsing it.

Persons: Joel Weinshanker, Elvis, Elvis Presley, ” Weinshanker, Elvis ’, Brigitte Kruse, Priscilla Presley, Weinshanker, Priscilla vouching, Priscilla, Kruse, ” Kruse, “, ”, Stephen Shutts, Elvis ’ “, Roy McKay, McKay, ” McKay, Priscilla Kruse, Tom Parker, King, ” Presley, Domenick Fini, Vernon Presley, Parker, Graceland, cufflinks, Mecum, James Webb, Webb, “ Priscilla, Priscilla’s Organizations: Elvis Presley Enterprises, NBC, GWS, NBC News, Lockheed Jetstar, Reuters, NBC News Graceland, Graceland, GAB, Mecum, Elvis, YouTube Locations: Memphis, California, Windermere , Florida, New Mexico, Graceland, Hawaii, Tenn, Kissimmee , Florida

☆ Korean Air orders at least 40 Boeing wide-body planes in a vote of confidence for the manufacturer
▼ + stars: | 2024-07-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020. FARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the yet-to-be-certified 777X jetliner, in a vote of confidence for the struggling manufacturer. The order, announced at the Farnborough Airshow outside of London, includes 20 777X planes, the largest in Boeing's commercial jet lineup, and 20 787-10 Dreamliner planes, both long-range jets. Korean Air CEO Walter Cho said he expected to start receiving the planes later this decade. "If I wasn't assured, I would not have ordered it," Cho said at a news conference of Korean Air's order.

Persons: Walter Cho, Cho, whoever's Organizations: Boeing 777X, England — Boeing, Korean Air, U.S . Federal Aviation Administration, Boeing, Delta Air Lines, Airbus Locations: Everett , Washington, FARNBOROUGH, England, Korean, Farnborough, London

☆ Boeing expects 787 suppliers to catch up by year's end, restoring output
▼ + stars: | 2024-07-21 | by ( ) www.cnbc.com time to read: +3 min

Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year's end. Earlier this year, Boeing lowered 787 output to allow "suppliers to catch up with us," a company executive told reporters during a June visit to its sprawling 777 widebody factory in Everett, Washington State. Boeing has said it would restore 737 output to around 38 by the year's end after production of its strongest-selling jet plummeted. Boeing halted deliveries of the 787 widebody jet for more than a year until August 2022 as the FAA investigated quality problems and manufacturing flaws. The planemaker, nevertheless, is eyeing higher Dreamliner production, after setting a target rate of 10 a month for the Dreamliner in the 2025-2026 timeframe at its 2022 investor day.

Persons: Scott Stocker, Stocker Organizations: Boeing, Airbus, Farnborough, Reuters, U.S . Federal Aviation Administration, FAA Locations: Everett , Washington State, South Carolina

☆ Boeing 'disappointed' customers but is on the path to 'transformational change,' commercial jet CEO says
▼ + stars: | 2024-07-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Pope said Boeing is on the right path to improving its manufacturing quality, safety and predictability of deliveries, a "transformational change" that she said will take years. "It still doesn't take away the reality that we've disappointed" our customers, she said at a press conference before the Farnborough Airshow, outside of London. "This plan is not a three month plan," said Pope. As part of the leadership shakeup that promoted Pope to head the commercial unit, Boeing's CEO Dave Calhoun said he would step down by year's end. Boeing reports quarterly results on July 31 and is set to report charges from that unit, Colbert said at the same press conference.

Persons: Stephanie Pope, Max, Pope, haven't, Dave Calhoun, Ted Colbert, Colbert Organizations: Boeing, MAX, LONDON, Federal Aviation Administration, Farnborough, FAA, Air Force One Locations: Renton , Washington , U.S, London

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