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US aviation industry urges Congress to address 'neglected' FAA facilities

US aviation industry urges Congress to address 'neglected' FAA facilities WASHINGTON, July 16 (Reuters) - Major U.S. aviation groups and unions urged Congress to address persistent shortfalls in funding for Federal Aviation Administration facilities after a series of reports raised alarm about aging air traffic control facilities. "Necessary maintenance of existing systems is being neglected," said the letter signed by Airlines for America, Aerospace Industries Association, the U.S.
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U.S. STOCKS PNC Financial, US homebuilders, Johnson & Johnson

BUZZ-U.S. STOCKS ON THE MOVE-PNC Financial, US homebuilders, Johnson & Johnson Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Rate-sensitive small-cap stocks led Wall Street higher on Tuesday after retail sales data did little to dampen hopes of a September rate cut, while UnitedHealth's results lifted the Dow to a record high.
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U.S. STOCKS UnitedHealth, EPAM, Datadog

BUZZ-U.S. STOCKS ON THE MOVE-UnitedHealth, EPAM, Datadog Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Futures tied to the S&P 500 and the Nasdaq climbed on Tuesday as investors perused a set of corporate earnings including Bank of America and awaited monthly retail sales numbers for insight into where U.S.
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International air fares in Germany down 3% in first half 2024

International air fares in Germany down 3% in first half 2024 By Isabelle Yr Carlsson BERLIN, July 16 (Reuters) - After significant price increases in Germany last year, holidaymakers enjoyed 3.1% lower prices for flights abroad in the first six months 2024 compared to last year's period, the statistics office said on Tuesday. Economy class tickets in particular were significantly cheaper, with passengers paying 15.8% less for flights to Central America, 12.3% less to Asia and Australia, and 7.4
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Bernstein raises Boeing PT on China delivery resumption

BUZZ-Bernstein raises Boeing PT on China delivery resumption ** Bernstein raises planemaker Boeing's BA.N price target to $222 from $215, maintains "outperform" rating ** Production and delivery ramp-up look better now after strong improvement in June and a restart of China deliveries - brokerage ** Bernstein says it expects impact of Boeing's plea
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Malaysia's ADE sees boom in aircraft repairs amid new plane shortages

Malaysia's ADE sees boom in aircraft repairs amid new plane shortages By Rozanna Latiff KUALA LUMPUR, July 16 (Reuters) - The global aircraft repair industry will see more growth in the next six years as airlines keep flying their jets longer because of a shortage of new planes, said Mahesh Kumar, the CEO of Malaysia-based aviation services firm Asia Digital Engineering (ADE).
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Emirates SkyCargo to add five Boeing 777 freighters in 2025-26, chairman says

Emirates SkyCargo to add five Boeing 777 freighters in 2025-26, chairman says July 16 (Reuters) - Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline & Group, said on Tuesday that five Boeing 777 freighters would join the Emirates SkyCargo fleet between 2025 and 2026. Reporting by Ahmed Elimam; editing by Jason Neely
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US judge sets quick schedule to consider family objections to Boeing plea deal

UPDATE 1-US judge sets quick schedule to consider family objections to Boeing plea deal Adds lawyer's previous comment, details on deal, Boeing and DOJ, paragraphs 3-11 Familiies of crash victims will have a week to file objections Boeing to plead guilty to defrauding FAA over 737 MAX software Boeing to spend $455 million on safety and compliance over three years By David Shepardson WASHINGTON, July 15 (Reuters) - A U.S.
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US judge sets quick schedule to consider family objections to Boeing plea deal

US judge sets quick schedule to consider family objections to Boeing plea deal WASHINGTON, July 15 (Reuters) - A U.S. judge on Monday set a fast schedule to consider the objections of relatives of those killed in two fatal 737 MAX crashes to the Justice Department's plea deal with Boeing BA.N . The planemaker on July 7 agreed in principle to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million.
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Aviation Capital finalizes order for 35 Boeing 737 MAX jets

UPDATE 1-Aviation Capital finalizes order for 35 Boeing 737 MAX jets Adds details throughout July 15 (Reuters) - Aircraft lessor Aviation Capital Group has finalized an order for 35 Boeing BA.N 737 MAX jets, the companies said on Monday. The statement did not contain more details of the order that consists of 16 737-8 jets and 19 of the larger 737-10 variant .
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Aviation Capital finalizes order for 35 Boeing 737 MAX jets

Aviation Capital finalizes order for 35 Boeing 737 MAX jets July 15 (Reuters) - Aircraft lessor Aviation Capital Group on Monday finalized an order for 35 Boeing BA.N 737 MAX jets. Reporting by Nathan Gomes in Bengaluru; Editing by Devika Syamnath
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Boeing Says Reduced Commercial Airplanes Display And Flight Demonstrations At Farnborough Airshow

BRIEF-Boeing Says Reduced Commercial Airplanes Display And Flight Demonstrations At Farnborough Airshow July 15 (Reuters) - Boeing Co BA.N : FARNBOROUGH AIRSHOW: BOEING ADAPTS PRESENCE TO PRIORITIZE FACTORY SAFETY AND QUALITY BOEING: REDUCED OUR COMMERCIAL AIRPLANES DISPLAY AND FLIGHT DEMONSTRATIONS AT FARNBOROUGH AIRSHOW Source text for Eikon: ID:
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Airbus upgrades 20-year demand forecast led by wide-body jets

Airbus upgrades 20-year demand forecast led by wide-body jets By Tim Hepher PARIS, July 15 (Reuters) - Airbus AIR.PA on Monday revised up its 20-year demand forecast for jetliners as many airlines modernise long-haul fleets and Asia's surging economies lock into air travel. The world's largest planemaker predicted in an annual report on jet industry trends that the global fleet would more than double over the next two decades to 48,230 planes.
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Boeing begins 777-9 certification flight trials with US FAA

UPDATE 2-Boeing begins 777-9 certification flight trials with US FAA Updates with FAA's comment in paragraph 5 By Chandni Shah and Devika Madhusudhanan Nair July 13 (Reuters) - Boeing BA.N has started certification flight testing of its long-delayed 777-9 with U.S. aviation regulators onboard, the U.S. planemaker said in an emailed statement. The company said it conducted its first flight on Friday night after receiving Type Inspection Authorization (TIA).
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Boeing Says Began Certification Flight Testing Of 777-9 With U.S. Federal Aviation Administration Personnel- Spokesperson

BRIEF-Boeing Says Began Certification Flight Testing Of 777-9 With U.S. Federal Aviation Administration Personnel- Spokesperson July 13 (Reuters) - Boeing Co BA.N : BOEING SAYS BEGAN CERTIFICATION FLIGHT TESTING OF 777-9 WITH U.S. FEDERAL AVIATION ADMINISTRATION PERSONNEL- SPOKESPERSON Source text for Eikon: [ID:] Further company coverage: BA.N
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Boeing begins 777X certification flight trials with U.S. FAA, Air Current says

Boeing begins 777X certification flight trials with U.S. FAA, Air Current says July 13 (Reuters) - Boeing BA.N formally began flight testing of the 777-9 with U.S. aviation regulators onboard, The Air Current reported late on Friday, marking a step forward in the certification process. The start of flight testing with the Federal Aviation Administration (FAA) accompanied a key certification milestone, known as Type Inspection Authorization.
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Deutsche Bank cuts Spirit AeroSystems to 'hold' on pending Boeing takeover

BUZZ-Deutsche Bank cuts Spirit AeroSystems to 'hold' on pending Boeing takeover ** Deutsche Bank downgrades Spirit AeroSystems SPR.N to "hold" from "buy", but raises PT marginally to $37.25 from $37 ** The new PT represents 8% upside to the stock's last close ** "We are downgrading SPR given the pending acquisition by Boeing and limited acquisition
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Airbus launches cost cuts to 'save 2024' after output woes

EXCLUSIVE-Airbus launches cost cuts to 'save 2024' after output woes New Airbus performance-improvement plan dubbed 'LEAD!' Plan seeks quick action on unit costs, boost in future productivity Planemaking CEO warns staff rival Boeing will bounce back radically improved Rewrites introduction, adds more details from paragraph 7 By Tim Hepher PARIS, July 12 (Reuters) - Airbus AIR.PA has launched a programme of cost cuts and a freeze on overall headcount to shore up performance at its core planemakin
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Airbus launches new cost-cutting drive after output woes, sources say

EXCLUSIVE-Airbus launches new cost-cutting drive after output woes, sources say PARIS, July 12 (Reuters) - Airbus AIR.PA has launched a performance improvement plan including cost cuts and a freeze on overall headcount in its planemaking business, after recent cuts in targets for aircraft production, industry sources said, citing a memo to staff. Code-named "LEAD!", the new initiative will urgently tackle an increase in unit costs, which have been accelerating compared to unit revenues, and addr
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Germany's Lufthansa cuts 2024 profit target for a second time

UPDATE 3-Germany's Lufthansa cuts 2024 profit target for a second time Updates share moves in paragraph 3, context on earlier profit warning in paragraph 8 By Joanna Plucinska, Ludwig Burger and Ozan Ergenay LONDON/FRANKFURT, July 12 (Reuters) - Deutsche Lufthansa LHAG.DE slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe's top airlines struggles with low returns and operations problems.
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