Boeing Financial News

25.07 / 07:31

Aviat Action Airlines Boeing Returns Muscat-bound Oman Air flight returns to Kozhikode after technical snag, lands safely

airport minutes after take-off due to a technical snag, airport authorities said as reported by PTI. As per Calicut airport official, Flight WY 298 with 169 people onboard took off from the Karipur airport at 9.15 am. The flight turned back barely a few minutes into its journey due to a technical fault and landed safely, airport official said as reported by PTI. "It was a normal landing..

24.07 / 15:59

Citi Manufacturing Assurant Mobile Boeing Solomonic Australia to buy 20 C-130 Hercules aircraft from the US for $6.6 billion

Australia says it will buy 20 new C-130 Hercules planes from the United States in a $6.6 billion deal that will increase by two-thirds the number of the Australian air force’s second-largest heavy transport aircraft

24.07 / 15:35

UPS Target CEO Boeing Inside Exclusive-Airbus weighs separate boss for planemaking arm - sources

By Tim Hepher

24.07 / 13:41

COST Lowe's Airlines Boeing Costs Ryanair touts lower fares to fill planes as costs start to bite

Ryanair lowered its full-year traffic prediction and said it may need to cut ticket prices to fill seats as passengers become more cost-sensitive.

24.07 / 01:57

UPS Citi Provident Progressive Fox Boeing Pilots UPS pilots union says it will honor Teamsters picket line if strike happens

Teamsters General President Sean O'Brien tells ‘Your World with Neil Cavuto’ UPS may be delaying reporting its profits to have a better negotiating position with the union.

23.07 / 20:21

FIVE Aviat Airlines Strategy Boeing Cathay electronic Air India eyes 20% share in air cargo biz in 2-3 years

NEW DELHI : Air India plans to bolster its presence in the air cargo segment, with a target of securing a 20% market share over the next 2-3 years by utilizing the airline’s incoming fleet of wide-body aircraft that will double its capacity in the near- to medium-term, two people familiar with the development said. As part of its strategy, the airline plans to engage with companies in the telecom, electronics, and pharmaceutical industries that are key users of airlines to ferry products. The airline is also working on sector-specific packages and looking at long-term arrangements with large companies.

23.07 / 13:07

Aviat Manufacturing Airlines Boeing Returns Dubai-bound Air India flight returns to Kerala two hours after departing. Here's why

Air India flight, IX 539, which took off with 174 people onboard -- including the crew -- from here at 1.19pm returned back and landed safely at 3.52pm, an airport official said. "The plane landed safely. All passengers and crew are fine.

22.07 / 08:41

Aware Airlines Entertainment Strategy Boeing Air India to lease three 777-300 ER from Singapore Airlines

Air India will lease three Boeing 777-300 ER from Singapore Airlines as it expands its fleet modernisation strategy. These aircraft are in addition to the 11 777 leased aircraft and will be used to phase out the older 777-200 aircraft which were inducted in 2009. These aircraft have older cabins and often have been subject of passenger ire due to crumbling seats, broken lavatories and dysfunctional seat-back entertainment screens.

21.07 / 08:31

Aviat Manufacturing CEO Airlines Apple Boeing performer Air India explores opportunities with Apple, CEO visits US HQ

Tata Group-backed Air India is exploring opportunities with tech giant Apple, with the airline's chief executive officer Campbell Wilson visiting Apple headquarters in Palo Alto, US. "Dr Satya Ramaswamy and I, together with some of our colleagues, also spent time at Apple's head office in Palo Alto to explore opportunities for even deeper collaboration," Wilson told the airline's employees in an internal email.

20.07 / 14:11

COST Aviat Mobile Software Boeing Tesla SpaceX Reliable Robotics gets FAA approval to test automated aircraft systems

Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes, has received approval from the Federal Aviation Administration to proceed with its plan to test and certify fully automated aircraft systems, the company said on Thursday. «We're three to four years out from being able to remotely operate these aircraft at any kind of reasonable scale,» said Robert Rose, co-founder and chief executive of the Mountain View, California-based company which aims to license its autonomous flight system to other companies.

20.07 / 13:19

COST FIVE Manufacturing Airlines Boeing cover Deal Air India finalises deal with CFM for 400 aircraft

New Delhi: Air India has finalized the agreement with US-based engine manufacturer CFM International for engines for 400 aircraft, the engine maker said on Thursday. CFM's LEAP engines will power the Tata Group-backed airline's new fleet of 210 Airbus A320neo/A321neos and 190 Boeing 737 MAX family aircraft. The deal was first announced in February. The two companies have also signed a multi-year services agreement that will cover the airline’s entire fleet of LEAP engines.

20.07 / 09:29

COST UPS Waves Target Boeing Browser UK inflation falls to 7.9% – what it means for interest rates, mortgages, and the economy

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20.07 / 02:49

UPS Boeing show country Sterling takes a beating; dollar gains ground

In Asia, markets also had their focus on China's loan prime rate (LPR) decision, where it is expected to keep the lending benchmarks unchanged after the central bank stood pat on a key policy rate earlier this week. The British pound was last 0.02% lower at $1.2936, after tumbling more than 0.7% on Wednesday in the wake of data that showed Britain's high rate of inflation falling more than expected in June to its slowest in over a year at 7.9%. That pulled back market expectations of further aggressive rate hikes from the Bank of England (BoE), with the prospect of UK rates rising above 6% now likely off the table.

19.07 / 09:49

COST Target Aviat Airlines Boeing Metro Indian Sustainable jet fuel tough for Indian airlines: Boeing

Mint. “The airlines are certainly very eager to purchase more SAF, but some Indian airlines are the most price-sensitive anywhere in the world. Therefore, the challenge is to bring the cost of sustainable aviation fuel down because it currently is at 300-500% of traditional jet fuel." SAF is any fuel with properties similar to those of conventional jet fuel, but with lower carbon emissions.

19.07 / 07:07

COST Target Reuters Boeing UK inflation slows sharply to 7.9% in June

inflation fell by more than expected in June and was its slowest in more than a year at 7.9%, according to official data that will ease some of the pressure on the Bank of England to keep on raising interest rates sharply.Sterling fell as the Office for National Statistics said the consumer price inflation growth rate was its lowest since March of last year but remained above the pace of price growth in many other big, rich economies. Economists polled by Reuters had forecast that the CPI rate in the 12 months to June would drop to 8.2% from May's 8.7%, moving further away from October's 41-year high of 11.1% but still far above the BoE's 2% target.

19.07 / 04:43

Microsoft Remark Boeing Tesla FLEX Frontier Marketmind: Britain's CPI the next frontier

A look at the day ahead in European and global markets from Tom Westbrook

17.07 / 15:51

Aviat Airlines Boeing Puzzle Australian Part of Chandrayaan 3 or MH370? Australian authorities puzzled over mysterious object on beach

BBC reported. The report said that the mysterious object can be part of the recently launched Chandrayaan-3. "We want to reassure the community that we are actively engaged in a collaborative effort with various State and Federal agencies to determine the object's origin and nature," police said in a statement.

17.07 / 09:09

COST UPS MET FIVE Boeing Modi’s France visit made a resilient relationship stronger still

India-France ties have a special weave to them, if nothing else because both countries have the habit of being gadflies on the international scene. Like the Indians, the French have historically paid scant attention to their own limitations or weaknesses when promoting themselves on the world stage. France emerged bruised and battered from two world wars into a global political reality with radically altered power equations and rapid decolonising.

17.07 / 02:51

Boeing Shell Oil slips after Libya resumes output, China data eyed

Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%.

16.07 / 20:25

FIVE Aviat CEO Airlines Strategy Boeing Fastenal Fasten your seatbelts, Bonza fields inbound interest

The private equity interests behind Bonza, the latest to try its hand at breaking into the ultra-competitive Australian aviation market, are considering whether to bring in new capital partners to back the airline’s expansion into a full-scale domestic carrier.

14.07 / 05:59

Amazon CEO Dreams Boeing SpaceX Boeing, Lockheed Martin rocket Vulcan inches toward its first launch

That has proved true for the Vulcan, a new rocket developed by the United Launch Alliance, a joint venture between Boeing and Lockheed Martin. The first Vulcan was supposed to launch in May, but a propellant tank cracked during testing in March. Hydrogen leaking from the tank ignited in a fireball, destroying the Vulcan's upper stage and damaging the test stand.

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