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United Air Closes In On Airbus A321 Jets During Max 10 Delays - Bloomberg News

BRIEF-United Air Closes In On Airbus A321 Jets During Max 10 Delays - Bloomberg News Feb 23 (Reuters) - UNITED AIR CLOSES IN ON AIRBUS A321 JETS DURING MAX 10 DELAYS - BLOOMBERG NEWS Source text: http://tinyurl.com/23e23bw4 Further company coverage: AIR.PA
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Aircraft lessor AerCap sees engine issues persisting through the decade

Aircraft lessor AerCap sees engine issues persisting through the decade DUBLIN, Feb 23 (Reuters) - The world's largest aircraft lessor AerCap AER.N does not see the supply of engine parts catching up with demand by 2030, its chief executive said on Friday, a situation that will prolong aircraft manufacturers' struggles amid labour and parts shortages.
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Singapore Airshow

SNAPSHOT-Singapore Airshow SINGAPORE, Feb 23 (Reuters) - Singapore this week held its biennial air show - the first in six years unaffected by pandemic restrictions - as the global aviation industry grapples with a full rebound in travel demand in the face of severe supply constraints. TOP STORIES *Singapore Airshow exhibitors and delegates said they were optimistic about the aviation industry despite suppliers' struggles to keep up with the rebound in travel demand.
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Supply chain strains set to weigh on aviation industry bounce-back

Supply chain strains set to weigh on aviation industry bounce-back Supply chain strains easing, but still challenging -firms Airlines, firms changing strategies to improve reliability Lead times and prices remain high By Xinghui Kok, Lisa Barrington and Brenda Goh SINGAPORE, Feb 23 (Reuters) - Parts shortages and delivery delays plaguing the global aviation industry are easing, but could take up to two years to resolve, firms at the Singapore Airshow said, adding to the pressures clouding a post
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Brunei's GallopAir, buyer of COMAC planes, eyes year-end launch

Brunei's GallopAir, buyer of COMAC planes, eyes year-end launch By Lisa Barrington and Brenda Goh SINGAPORE, Feb 23 (Reuters) - Brunei-based airline startup GallopAir hopes to start operations by the end of 2024 should Brunei's aviation regulator approve the regional jet made by Chinese state-owned planemaker COMAC it wants to fly in time, the carrier's chief executive said.
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Record numbers at Singapore Airshow as post-COVID boom raises hopes

UPDATE 2-Record numbers at Singapore Airshow as post-COVID boom raises hopes About 60,000 trade delegates at Singapore show, a record number Attendees say supply chain concerns linger after pandemic China's COMAC makes first C919 flight outside home market Updated with final figures of trade attendees By Xinghui Kok SINGAPORE, Feb 23 (Reuters) - Record numbers attended the trade section of the first fully post-pandemic Singapore Airshow this week, with exhibitors and delegates optimistic about t
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Feb 23 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. LVMH LVMH.PA Luxury goods giant LVMH said on Thursday it will to launch an entertainment venture to boost the marketing of its labels, overseen by a committee of executives led by LVMH heir Antoine Arnault and Anish Melwani, CEO of the group's North America operations.
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Post-pandemic recovery fuels robust attendance - and hopes - at Singapore Airshow

Post-pandemic recovery fuels robust attendance - and hopes - at Singapore Airshow About 50,000 trade delegates at Singapore Airshow, the most since 2018 Attendees say supply chain concerns linger after pandemic Chinese planemaker COMAC makes first C919 exhibition outside home market By Xinghui Kok SINGAPORE, Feb 23 (Reuters) - As the bustling trade portion of first fully post-pandemic Singapore Airshow wound down on Friday, exhibitors and delegates said they were optimistic for the aviation indu
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LATAM Airlines' fourth-quarter profit slides 95% from post-bankruptcy boost

UPDATE 3-LATAM Airlines' fourth-quarter profit slides 95% from post-bankruptcy boost Updates with comments from executives, details on fleet By Kylie Madry and Fabian Cambero SANTIAGO/SAO PAULO, Feb 22 (Reuters) - LATAM Airlines LTM.SN on Thursday posted a 95% year-on-year fall in net profit in the fourth quarter to $84 million, as its operations stabilized after exiting bankruptcy in late 2022. The sharp drop for the final three months of 2023 reflected a normalization for LATAM after it was bo
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Safran Signs Nacellelife™ Service Agreement With Cebu Pacific For Their Airbus A330neo Nacelles

BRIEF-Safran Signs Nacellelife™ Service Agreement With Cebu Pacific For Their Airbus A330neo Nacelles Feb 22 (Reuters) - Safran SA SAF.PA : SAFRAN SIGNS NACELLELIFE™ SERVICE AGREEMENT WITH CEBU PACIFIC FOR THEIR AIRBUS A330NEO NACELLES FURTHERMORE, AIRLINE WILL BENEFIT FROM SAFRAN NACELLES' ORIGINAL EQUIPMENT MANUFACTURER GUARANTEED MRO SOLUTIO
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US DOJ unit's penalties fall in 2023 as trial backlog bites, data shows

UPDATE 1-US DOJ unit's penalties fall in 2023 as trial backlog bites, data shows Adds reaction from Public Citizen in paragraph 11 By Chris Prentice NEW YORK, Feb 22 (Reuters) - The U.S. Justice Department team tasked with rooting out corporate crime secured $690 million in penalties in 2023, its lowest tally in at least eight years, according to new DOJ data released Thursday.
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Aerospace giants form coalition to stop unauthorized parts from entering supply chain

Aerospace giants form coalition to stop unauthorized parts from entering supply chain Feb 22 (Reuters) - Aerospace giants including Airbus AIR.PA , Boeing BA.N and GE Aerospace GE.N on Thursday announced the formation of a coalition that would aim to prevent unauthorized parts from entering the global supply chain. The move comes after jet engine maker CFM International, co-owned by GE Aerospace and France's Safran SAF.PA , last year said thousands of engine components may have been sold with fo
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US Justice Dept corporate penalties plunge in 2023 as trial backlog bites, data shows

US Justice Dept corporate penalties plunge in 2023 as trial backlog bites, data shows By Chris Prentice NEW YORK, Feb 22 (Reuters) - The U.S. Justice Department team tasked with rooting out corporate crime secured $690 million in penalties in 2023, its lowest tally in at least eight years, according to new DOJ data released Thursday. The department's Washington D.C.
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India eases entry for foreign direct investment in space sector

FACTBOX-India eases entry for foreign direct investment in space sector NEW DELHI, Feb 22 (Reuters) - India on Wednesday said it will allow 100% foreign direct investment (FDI) in the manufacture of satellite systems without any prior approval and eased the rules for launch vehicles, aiming for a greater share of the global space market. Before the policy change, such investments were allowed but needed government approvals that would sometimes mean months of waiting.
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Chinese planemaker COMAC upstages Airbus and Boeing at Singapore Airshow

Chinese planemaker COMAC upstages Airbus and Boeing at Singapore Airshow C919 on display for first time outside mainland China Air show participants interested in getting a look Aircraft not yet certified by US, European regulators C919 remains heavily reliant on Western parts By Brenda Goh and Lisa Barrington SINGAPORE, Feb 22 (Reuters) - Chinese state-owned planemaker COMAC upstaged industry leaders Airbus AIR.PA and Boeing BA.N at the Singapore Airshow this week, showing off its self-develope
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Airlines test fliers' tolerance for high prices to bolster profits

ANALYSIS-Airlines test fliers' tolerance for high prices to bolster profits By Joanna Plucinska and Rajesh Kumar Singh LONDON/CHICAGO, Feb 22 (Reuters) - U.S. and European airlines will aim to boost profits again this year with higher ticket prices as they try to squeeze what they can from the post-COVID travel boom and mitigate higher costs amid persistent plane shortages, investors and executives say.
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Airbus says Qantas A350 delivery delays due to need to redesign extra fuel tank

UPDATE 2-Airbus says Qantas A350 delivery delays due to need to redesign extra fuel tank Airbus says regulator has asked for design changes Qantas to use planes for non-stop Sydney-London flights Expects first deliveries to slip by six months to mid-2026 This Feb 22 story was updated on Feb 23 to add background and EASA comment in paragraphs 5-7 By Brenda Goh and Praveen Menon SINGAPORE/SYDNEY, Feb 22 (Reuters) - Airbus AIR.PA faces delays in introducing an ultra-long-range version of its A350-1
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Vietnamese budget carrier VietJet agrees to provisional deal for 20 Airbus A330neo jets

UPDATE 1-Vietnamese budget carrier VietJet agrees to provisional deal for 20 Airbus A330neo jets Adds order details, context SINGAPORE, Feb 22 (Reuters) - Vietnamese budget carrier VietJet VJC.HM on Thursday said it had agreed to a provisional deal to order 20 A330neo wide-body airliners from Europe's Airbus AIR.PA as the airline grows its long-haul route network.
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Airbus says Qantas A350-1000 delivery delays due to need to redesign fuel tank

Airbus says Qantas A350-1000 delivery delays due to need to redesign fuel tank SINGAPORE, Feb 22 (Reuters) - Airbus AIR.PA faces delays on introducing an ultra-long-range version of its A350-1000 jet designed for Qantas Airways QAN.AX non-stop Sydney-London flights because the regulator has asked it to redesign an extra fuel tank, a senior executive said.
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Airbus Exec Will Firm Up Vietjet A330neo MoU In A Few Weeks Time, Anticipate First Deliveries From 2026

BRIEF-Airbus Exec Will Firm Up Vietjet A330neo MoU In A Few Weeks Time, Anticipate First Deliveries From 2026 Feb 22 (Reuters) - Airbus SE AIR.PA : AIRBUS EXEC: WILL FIRM UP VIETJET A330NEO MOU IN A FEW WEEKS TIME, ANTICIPATE FIRST DELIVERIES FROM 2026 Further company coverage: AIR.PA Reporting by Brenda Goh
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