Emirates President Tim Clark said he’s bracing for a “gathering storm” as low-cost airlines encroach on the inter-continental routes around which the biggest long-haul carrier has built its business. Dubai-based Emirates sees threats across all markets from rivals spanning Norwegian Air Shuttle ASA to the Scoot unit of Singapore Airlines Ltd., Clark said Thursday in Berlin.
Category: Commercial Aircraft
Emirates Invites Barflies to Pull Up a Seat With A380 Makeover
Flying bars that cater to premium passengers on the world’s biggest fleet of A380 superjumbos are set for a saloon-style upgrade as Gulf carrier Emirates seeks to use the sky-high hangouts to lure affluent travelers. Out will go the semicircular benches on which passengers have perched since Emirates introduced the on-board lounges almost a decade ago, to be replaced by an altogether more comfortable setup featuring a table for four located either side of the counter and below the superjumbo’s windows.
Boeing to Open Its First European Plant — in Post-Brexit U.K.
Boeing Co. plans to open its first ever European factory in Sheffield, northern England — delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.
Boeing’s Charleston Plant Enters a New Age as It Turns Out the First 787-10
Boeing’s plant in Charleston, S.C., just had the most dramatic week in its history, a week that made it seem that the sky is the limit for the future of the five-year-old plant. On Feb. 15, plant workers voted overwhelming not to join the International Association of Machinists, seemingly reaffirming right-to-work South Carolina’s success in 2009 in luring Boeing here, far from the Washington workers who had built all of its legacy commercial aircraft for decades.
Airbus profit dives on problems with A400M military jet
This Thursday, June 20, 2013, file photo shows an Airbus A400M performing its demonstration flight during the 50th Paris Air Show at Le Bourget airport, north of Paris, France. Surprise new costs for the long-troubled Airbus A400M military jet sent the European planemaker’s profits plunging last year despite a rise in commercial aircraft deliveries, Airbus reported Wednesday Feb. 22, 2017.
Airbus Earnings Slide on A350 Costs, A320Neo Engine Holdups
Airbus Group SE’s earnings fell 3.6 percent last year as a late surge in aircraft deliveries failed to offset costs from ramping up output of the A350 twin-aisle model and the impact of engine glitches that curbed handovers of the latest A320 narrow-body. Earnings before interest and tax before one-time items dropped to 3.96 billion euros in 2016 from 4.11 billion euros a year earlier, Toulouse, France-based Airbus said in a statement Wednesday.
The economic reality behind the Boeing plane Trump showed off
Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events NORTH CHARLESTON, S.C. — President Trump visited a Boeing factory Friday to show off the company’s newest model of the 787 Dreamliner , the latest in a series of planes that experts describe as a marvel of aeronautical engineering. The fuel-efficient construction allows the newest model to fly from London to Cape Town, South Africa, without refueling – an extraordinary distance for a 330-passenger There is one number on which the Dreamliners are still coming up short, however: return on investment.
What’s On Our Radar: February 17, 2017
President Trump lambasted the media for over 70 minutes yesterday in his first solo press conference as President of the United States. He tore into the press corps, labeling some organizations as “fake news” and demanding fair treatment.
For Boeing Chief, How Cozy Is Too Cozy in Access to Trump
Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump.
United Hunts for Used Wide-Body Jets as Glut Leads to Bargains
United Continental Holdings Inc. is stepping up its hunt for used long-haul jetliners, as a glut of the largest passenger planes creates what the airline’s finance chief calls “tremendous opportunities.” Older aircraft often have similar technology as a newer one while offering lower ownership costs, Chief Financial Officer Andrew Levy told analysts and investors Tuesday.
Trump’s Tweets Don’t Have Much Effect on Stock Market
Donald Trump’s tweet knocking Nordstrom coincided with the company’s stock’s best and most-traded day of the year. President Trump tweeted about two companies on Wednesday — one praising Intel , another knocking Nordstrom .
Boeing Wins $13.8B Singapore Airlines Order
Singapore Airlines announced a $13.8 billion order to buy 39 Boeing wide-body aircraft as it pursues expansion opportunities, a setback for the U.S. planemaker’s rival Airbus Group in the fight for long-term orders. Airbus Group has flagged its intention to build a bigger version of its A350, although these plans have been placed on hold amid uncertainty over demand for wide-body jets.
Your In-Flight Movie Screen Is Going Extinct
Book a domestic flight on any of the Big Three U.S. airlines, and you won’t be sure whether the seat in front of you has a screen. Some do, while most don’t.
One of American, Delta, and United’s most feared rivals may be…
Since its founding in 2003, Etihad Airways has managed to storm its way to the forefront of the airline industry. This week, the airline’s parent company – Etihad Aviation Group – announced that long-time CEO James Hogan will step down from his post later this year.
Here’s the massive cargo jet Boeing uses to carry plane parts…
The Boeing 787 Dreamliner is a massive plane. However, its parts come from different places around the world.
Boeing Co. Investors Should Listen To This Company’s Outlook
Let’s take a look at what was said and what it means to the aviation industry and for Boeing. Management maintained the guidance it gave in October, so no surprises there.
Boeing Beats Earnings Estimates, Sees Stronger 2017 Plane Deliveries
Helped by the Dreamliner, Boeing posted much better-than-expected fourth-quarter earnings on Wednesday and said it expects to see solid plane deliveries in the coming year. Boeing said earnings for the three months ended in December came in at $2.47 a share, well ahead of the $2.35 a share expected by analysts and more than 50% higher than in the same period last year.
Boeing 737 and Airbus A320 Production Increases Are Coming — Even With Slowing Orders
Historically, commercial jet orders have been sharply cyclical, with boom times followed by big busts. In the past year or two, order activity has slowed significantly at Boeing This order slowdown has made many analysts skeptical that Boeing and Airbus will be able to implement planned production increases for their 737 and A320 narrowbody jet families.
Should You Buy an Airline Stock Which Nearly Doubled In 2016?
I don’t have a fear of flying, or a fear of heights, but I do have a fear of buying stocks that have flown extremely high during the previous 12 months. In 2016, many airline carriers’ shares booked quite modest gains, but not Panama-based Copa Holdings, S.A. , which operates subsidiaries Copa Airlines and Copa Columbia, and flies primarily in Latin America and the United States.
United Airlines Can’t Get Rid of the Boeing 747 Fast Enough
United Airlines has been flying one version or another of Boeing’s iconic jumbo jet since 1970. However, United’s management recently decided to accelerate the retirement of the carrier’s remaining 747s for the second time in less than a year.
Boeing Scores a $22 Billion Win in Market Dominated by Airbus
Boeing Co. won a $22 billion deal from an Indian budget carrier, pulling off a feat in a single-aisle market ruled by its European rival Airbus SE.
This Airline Stock Surged 61% in 2016: Is There Room to Run in 2017?
Shares of Hawaiian Airlines’ parent company rose 61% during 2016, according to data from S&P Global Market Intelligence . Hawaiian’s massive gains were well deserved, as it posted the best unit revenue results in the U.S. airline industry for most of the year.
Airbus Talks Up Its U.S. Credentials Ahead of Trump Presidency
Airbus Group SE, the chief rival of America’s biggest exporter Boeing Co., asserted its bona fides as a U.S. manufacturer a week before Donald Trump assumes the presidency after a campaign spent complaining about unfair trade. Having a factory in Mobile, Alabama, that employs more than 1,000 people making A320 single-aisle jets shows Airbus’s commitment to the U.S., one of the biggest markets for its aircraft, Fabrice Bregier, who runs the European planemaker’s jetliner arm, said in an interview Wednesday.
Airbus Retains Order Lead Over Boeing With Late Sales Surge
Airbus Group SE booked 320 jetliner orders in December alone to rack up 731 sales for the year, extending its backlog and beating Boeing Co. In the last month of 2016 Airbus sold 98 new planes to Iran Air and 72 to Go Airlines India Pvt., while two other transactions saw 132 narrow-bodies purchased by buyers whose identities weren’t disclosed, according to figures released by the Toulouse, France-based company Wednesday.
Etihad Airways Said to Seek $2.6 Billion for Boeing, Airbus Jets
Abu Dhabi-based carrier Etihad Airways PJSC is in talks with banks to raise about $2.6 billion in loans to finance aircraft deliveries, according to three people familiar with the matter. The airline is seeking to raise $2 billion in 12-year loans for 10 Boeing Co.
Boeing Said Near $10.1 Billion Order to Expand Toehold in India
Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners, giving the planemaker a stronger toehold in the world’s fastest growing aerospace market.
Boeing’s Biggest China Concern Isn’t a Trump Trade War: Gadfly
As if it wasn’t bad enough getting into a fight with the president-elect over the cost of Air Force One, Boeing Co. is facing problems from the other side of the Pacific.
Why Rural America Is Upset With Trump
Bloomberg’s Alan Bjerga discusses Donald Trump’s search for a secretary of agriculture and the president-elect’s farm policy. He speaks on “Bloomberg Markets.”
Boeing Said Close to $10.1 Billion Order From India SpiceJet
Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion in the world’s fastest growing aerospace market.
Rolls Royce Shares Still Getting Crushed — Here’s New Reason Why
Rolls Royce stock slumped Thursday after analysts at JP Morgan cut their price target for the shares less than a month before the engine manufacturer reports full-year results. JP Morgan slashed its target to 730 pence , from 890 pence, in the latest sign of deteriorating investor sentiment toward the company – since it emerged Airbus has had to postpone a number of A380 deliveries.
Emirates receives first Rolls-Royce powered A380, resolves issues with engine maker
Emirates [EMIRA.UL], the world’s biggest long-haul airline, has taken delivery of its first Rolls-Royce engine-powered Airbus A380 superjumbo and has resolved its dispute with the engine maker over a technical issue. The A380 jet arrived in Dubai on Thursday morning, two days after Airbus said it would delay the delivery of 12 A380s to the airline over the next two years.
Airbus A380 Woes Deepen as Emirates Delay Accelerates Cost Cuts
Airbus Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest buyer, potentially pushing the program into the red. Handovers of six A380s apiece originally planned for 2017 and 2018 will be shifted to a year later following an agreement between Emirates and engine supplier Rolls-Royce Holdings Plc, Airbus said Tuesday in an e-mailed statement.
Delta to Cancel Order for 18 Boeing 787 Dreamliners
Delta Air Lines said on Tuesday that in agreement with Boeing it would cancel an order for 18 787 Dreamliner aircraft, which it assumed as a part of its merger with Northwest Airlines. The order is valued at more than $4 billion at current list prices.
Airbus’s A380 Woes Deepen as Top Buyer Emirates Delays Jets
Airbus Group SE’s struggles with its A380 superjumbo jet are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer. To make up for the financial drag from the tardier handovers, Airbus will accelerate cost cuts, according to an e-mailed company statement late Tuesday.
Airbus’s A380 Woes Deepen as Jets Delayed for Top Buyer Emirates
Airbus Group SE’s struggles with its A380 superjumbo jet are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer. To make up for the financial drag from the tardier handovers, Airbus will accelerate cost cuts, according to an e-mailed company statement Tuesday.
Airbus to Slow A380 Production in 2017 in Accord With Emirates
Airbus Group SE will put off a dozen deliveries of the A380 plane in the next two years following an agreement with Emirates, its largest customer for the model, as demand continues to fade for the double-decker. Handovers of six A380s apiece that were originally planned for 2017 and 2018 will be shifted to a year later following an agreement with Emirates and engine supplier Rolls-Royce Holdings Plc, the Toulouse, France-based planemaker said Tuesday in an e-mailed statement.
Air-Launched Orbital Rockets: Orbital ATK Shows Virgin Galactic How It’s Done
For years, Sir Richard Branson’s Virgin Galactic has been trying to invent a better way to launch rockets into space. Instead of launching from Earth in a fiery blast and a cloud of dust, Virgin Galactic aims to carry a “SpaceShipTwo” spaceship into the stratosphere, strapped to the belly of a “WhiteKnightTwo” mothership — then detach the former from the latter, and rocket to 62 miles above sea level.
Trump Summons Contractors to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.
Airbus Seals Deal With Iran for Sale of Jets
Airbus finalizes an agreement to sell Iran Air 100 jets less than two weeks after Boeing inked a similar deal. European plane manufacturer Airbus says it’s sealed a deal to sell 100 jets to Iran, less than two weeks after American rival Boeing inked a similar contract.
Trump Summons Contractors, Officers to Mar-a-Lago Over Spending
The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.