EUROPEAN PLANEMAKER
Aircraft lessor DAE sees China's COMAC breaking Airbus, Boeing duopoly
Airbus and Boeing are the main suppliers of aircraft to airlines, but the European planemaker is struggling to boost production amid record orders and Boeing is under scrutiny from regulators after a mid-air panel blowout on a new plane in January.
Boeing investigates quality problem on undelivered 787s, sources say
Boeing is investigating a new quality issue with its 787 Dreamliner after finding hundreds of incorrectly installed fasteners on some undelivered jets. The problem involves improper "torquing" of over 900 fasteners per plane. While there is no immediate safety concern, Boeing is assessing the cause and potential rework needed. The company confirmed checks are being conducted and stated the in-service fleet remains safe. This investigation follows previous scrutiny and production slowdowns, though 787 deliveries continue, albeit at a reduced rate.
Boeing plane deliveries drop by half in May year-on-year
Boeing delivered 24 commercial planes in May, half of the previous year's 50, due to a slower assembly line. The company is reducing MAX single-aisle jet production for quality improvement, post a mid-air incident. Aircraft deliveries impact Wall Street as payment is received upon delivery.
European shares climb on tech cheer; Thyssenkrupp shimmers
European shares rose on Friday and looked set to end the week higher as investors cheered robust results from tech giants in the United States, while Thyssenkrupp was on course for its best day in 18 months on a divesture announcement.
Boeing's lower MAX production will slow planemaker's recovery, CEO says
Boeing CEO Calhoun emphasizes safety and quality over financials amid 737 MAX production challenges, delays in meeting cash flow goals, and 787 delivery issues due to supplier shortages, while facing pressure from regulators.
Airbus fills more than 7,000 of 13,000 positions targeted in 2023
Airbus has filled more than half of the 13,000 positions it expects to create in 2023. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding back plans to ramp up aircraft production needed to meet soaring travel demand.
- Go To Page 1
European shares extend rebound as chemical, commodity stocks gain
Miners rebounded 1.6% after touching December 2021 lows in the previous session, while oil & gas stocks rose 1.2% as crude prices rose almost 1% on tight supplies of crude and fuel products.
European shares surge ahead of ECB outcome
The pan-European STOXX 600 index rose 1.4 per cent by 0813 GMT, eyeing its best day in over a week, with tech and energy sectors leading the gains.
European stocks struggle as Volkswagen offsets earnings cheer
Volkswagen, Europe's largest carmaker, dropped 2.7% after cutting its deliveries outlook and reporting lower-than-expected quarterly profit due to the global chip crunch. The wider auto index fell 0.7%.
European stocks hit record high on earnings from Airbus, commodity majors
The world's largest planemaker, Airbus, jumped 3.6%, providing the biggest boost to the STOXX 600, after it sharply raised its forecasts for full-year deliveries and earnings.
EU, US reach deal to end Boeing-Airbus trade dispute
The European Commission spent Monday night discussing the accord with member states to get the deal over the line before an EU-U.S. summit in Brussels with President Joe Biden, according to officials familiar with the deliberations.
EU, US set to unveil truce in 17-year aircraft battle
The European Union and the United States were on the verge of announcing a truce on Tuesday in their 17-year conflict over aircraft subsidies, bringing to a close one set of Trump-era tariffs which had soured relations between them.
EU urges US to "walk the talk" on trade disputes
Before the summit next week, EU trade chief has said that they must work with the U.S. to solve trade disputes between them. The European Union and United States will be meeting for a summit next week.
European shares hover below highs, Bayer hit by Roundup ruling
The pan-European STOXX 600 index rose 0.1 per cent to 445.76 points, just below Tuesday's record high of 447.15.
France's Dassault hints at Plan B if European fighter talks fail
"I don't believe it's in mortal danger but I'm not going to tell you that the patient is not in difficulty," CEO Eric Trappier said of the project launched in 2019.
European Union's top officials express relief as 'friend' replaces Donald Trump
Charles Michel, president of the European Council, said the moment should be seized to form a new "founding pact" between democratic powers.
EU holds "great expectations" for president-elect Biden in trade
EU trade chief Valdis Dombrovskis said the European Commission, which coordinates trade policy for the 27 EU member states, had made some informal contacts with Team Biden.
EU set to impose tariffs on $4 billion U.S. imports next week, say diplomats
The move will echo U.S. tariffs on European goods over subsidies for Boeing's rival Airbus. Combined, the two cases represent the world's largest ever corporate trade dispute.
Donald Trump threatens to "strike back" if EU imposes tariffs over Boeing
"If they strike back, then we'll strike back harder than they'll strike. They don't want to do it," Trump told reporters at the White House.
European shares tread water after rallying on stimulus hopes
The pan-European STOXX 600 was flat at 0704 GMT, with gains for utilities, real estate and telecoms stocks offset by declines in the travel and leisure and autos sectors.
EU is 'very concerned' by delayed WTO decision on tariffs against U.S.
USA-TRADE/EU is 'very concerned' by delayed WTO decision on tariffs vs U.S.
Stocks slump on virus, trade war concerns
Meanwhile, the US said it is considering new taxes on $3.1 billion in European imports amid a dispute over subsidies to planemaker Airbus, just days after the EU indicated it plans to move forward on a digital tax that would primarily hit US tech titans.
Europe tumbles again as travel stocks knocked down
The pan-European STOXX 600 fell 1.7 per cent by 0815 GMT, erasing all the gains for the week.
European pilots want air-safety regulator to get tough on Boeing
The ECA, which represents pilots at Max operators, is unhappy with the expanding role of planemakers in licensing new models.
European shares fall as growth worries linger; AMS rises
Nordea Bank and BBVA also reported lower profits and fell more than 2 percent each.
Airbus threatens to quit UK over Brexit
Airbus SE said it might be forced to move future investments out of the UK in the event of a no-deal divorce from the European Union, slamming the “madness” of Brexit supporters who assume the planemaker won't abandon Britain.
Theresa May wins support from divided UK government on Brexit plan
May seemed to have persuaded the most vocal Brexit campaigners in the cabinet to back her plan to press for "a free trade area for goods" with the EU and maintain close trade ties.
Euro too strong against dollar: Sarkozy
France's President Nicolas Sarkozy said Thursday that the euro is still too strong against the dollar and the exchange rate is hurting French and European exports.
EADS Q2 profit drops 61%
EADS NV, the parent company of plane-maker Airbus, on Friday raised its outlook for 2010, despite a 61 per cent drop in second quarter earnings.
Load More
