I'm harvesting my trading losses today to reduce my capital gains for 2015. Of 18 stocks that show up on my 8949 forms, UTX is the champ in losses. UTX was good through March and then went into a stall. UTX makes some cool stuff , but, it's a lousy place to invest. I will cry all the way to the bank ,but, I know that there are risks in investing and I accept that. I have swallowed a poison pill as far as getting back in to UTX. GOOG, FB, CELG, BAC delivered for me this year.......KId
Airbus delivered its first A320neo, the single-aisle plane equipped with Pratt & Whitney's geared turbofan engines touted for its low emissions and quiet operation, Pratt & Whitney said Wednesday.The Lufthansa Group, Airbus' largest airline customer and operator, took delivery of the aircraft.Carsten Spohr, chairman of the executive board and chief executive officer of Deutsche Lufthansa, said the airline has ordered 116 A320s. Lufthansa Group will receive 52 new aircraft, “a number we have not received in years,” Spohr said.Fabrice Bregier, president and CEO of Airbus, said delivery of the plane “marks a new step forward to delivering on our promises and meeting our industry's goal for sustainable aviation.”Greg Hayes, chief executive officer of United Technologies Corp., parent company of jet engine maker Pratt & Whitney, said at the conglomerate's annual outlook meeting in December that Pratt expects to deliver 200 engines in 2016.Pratt & Whitney says its geared turbofan engines reduce emissions and noise and burn 15 percent less fuel than current generation aircraft at the outset and 20 percent less by 2020.Five airplane makers have chosen the engine for narrow-body aircraft expected to enter service in the next few years: Airbus, Bombardier, Embraer, Irkut and Mitsubishi.United Technologies spent $1 billion over 20 years to develop the engine that some analysts have said is critical to Pratt & Whitney's success
W2B,......There you go again, like Marco Rubio, repeating and repeating the same talking points. I watched the Super Bowl at my son's place. He had a bunch of his Hungarian friends over, all from Hungary. When the national anthem was sung, they all stood up and paid respect. I found that they all love the USA and are happy to make a good living here through their hard work. They said 2-3 million young people have left Hungary in search of a better life. So, your revolution suggestion lacks merit. How many people do you know who have left the US in search of a better future in other nations? Your gyroscopes still need work.......Kid
Hillary will play any card, She addressed a group of POC's, persons of color, and said, paraphrasing, "We know what it's like to be on a plantation". She wouldn't know a plantation from a Goldman Sachs check or Bill's privates...Kid
garp,......The basics, good financial performance and delivering on guidance. Growing revenues and earnings. Pratt needs to meet expectations on performance and deliveries for the GTF. Entry into service (EIS) of the GTF should be boring, doing everything Pratt said it would do. UTX has no control on global events like Saudi Arabia executions and religious extremism, but, like most equities, UTX will be subject to market moves caused by international disruptions. I'm currently staying away from UTX until I see positive results. Buybacks are not results............Kid
Airbus has announced that its A320neo, powered by Pratt & Whitney PurePower® engines, has received joint Type Certification from the Federal Aviation Administration (FAA) and from the European Aviation Safety Agency (EASA).
"Today's announcement marks a significant milestone for the Airbus and Pratt & Whitney team," said Greg Gernhardt, president, Pratt & Whitney Commercial Engines. "We initiated our partnership on the A320neo in December 2010 with the goal of helping our mutual airline customers continuously improve aircraft performance and operating economics. Pratt & Whitney is proud that the PurePower engine is the launch engine on the A320neo and will contribute to more than 16 percent fuel burn savings when airlines enter into service. We continue to work closely together to support aircraft deliveries to customers as they embark on a new age in aviation."
Airbus announced Pratt & Whitney's award-winning PurePower Geared Turbofan™ engine as an engine option for its A320neo family on Dec. 1, 2010. Five years later, the Geared Turbofan engine's ground-breaking technology will meet or exceed commitments on fuel burn, noise and emissions at customer delivery. The three A320neo flight test aircraft with Pratt & Whitney PW1100G-JM engines successfully accumulated over 1,070 flight hours in some 350 flights. The PurePower engine family has accumulated more than 26,000 hours of testing, including 42,000 cycles, on more than 80 test engines.
W2B.....nice to see that you didn't expire, but, you must be a little embarrassed by your "The Fed is not going to raise interest rates in my life time" prediction? You also seem to think that only UTC 401K participants visit this board, I think you are in error. BTW, my private brokerage account was up 3.64% today. Looks like I'm going to pay the Alternative Income Tax (AMT) again this year. This is where you run the numbers, figure your tax and then figure the AMT and add it to the tax you already figured out. Incentives for me to increase my income are diminishing. Wait and see how ugly taxes get if Hillary sits her ample butt in the Oval Office.......KId
German carrier Lufthansa -- and not Qatar Airways -- will be the launch customer for Airbus’ new A320neo jet.
The move is a surprising last-minute switch. For more than a year, both Airbus and Qatar Airways had been touting Qatar Airways as the first airline to take delivery of the new aircraft. Lufthansa and Airbus now say that the German carrier is likely to take delivery of the jet by the end of the month, making it the first airline in the world to take possession of a A320neo.
"We came to a mutual understanding that Lufthansa will be the first airline to start the delivery stream," Airbus said in a statement to Dow Jones Business News. "Thus we confirm Lufthansa will become the A320neo launch customer this year."
News of a shake-up in the delivery order was first reported last week by the trade-industry magazine Aviation Week, which said the Doha-based airline had developed concerns over the aircraft’s Pratt & Whitney engines. Qatar Airways offered no comment, but the company said recently that it still anticipated receiving its first A320neo before the end of the year.
That the launch customers for the jet would change so close to delivery is unusual. Aircraft manufacturers typically announce launch customers for new jets well in advance for the plane's first delivery. In the case of the A320neo, Airbus had announced back in 2014 that Qatar Airways would be the aircraft's first operator.
Airbus has been promising first A320neo delivery in 2015 for some time, and the company says it will still do so even as the year nears its end. Dates for such matters tend to be quite fluid. However, Lufthansa has suggested that delivery could take place around the 22nd of the month.
The A320neo -- neo is short for "new-engine-option" -- is an upgraded version of Airbus’ successful A320-family line of narrow-body, single-aisle jets. Sporting new engines, enhanced winglets, and other improvements, Airbus says the jet could be 15% more efficient than current generation A320-family models.
Both Lufthansa and Qatar Airways have substantial orders for the jet on the books, at 101 and 50, respectively. Airbus has logged over 4,300 orders for the airplanes to date.
The backlog, which does not include additional orders for the current generation of A320 jets, has prompted Airbus to say it will boost production of the airplanes to 60 per month in 2019. That would be a substantial increase from the current 42.
The jet is in hot competition with Boeing’s 737 MAX, which itself is a similarly upgraded narrow-body, single-aisle aircraft. Airbus and Boeing have been locked in a battle for single-aisle market share ever since the A320 hit the skies for the first time in the late 1980s.
Boeing’s jet, however, is roughly one year behind the A320neo. The first 737 MAX rolled out of a Boeing factory in Renton, Wash., last week. It is expected to make its first flight in early 2016 and first delivery in 2017.
New Bombardier Jet OK'd For Sale Canadian Regulators Give Approval For C Series Narrowbody With PurePower Engines Staff and Wire Reports The Canadian airframe manufacturer that was the first to partner with Pratt & Whitney on its new PurePower engine received Canadian regulatory approval for the C Series narrowbody jet.Since the FAA and European regulators typically certify aircraft shortly after they're cleared by their home countries, this would appear to clear the way for the first deliveries to commercial customers.The C Series chose Pratt as the exclusive engine for the jet, which spurred Airbus to modernize its A320 and offer the PurePower and LEAP engines, from GE/Safran, in the new version. The vast majority of Pratt's PurePower orders are from Airbus.
kored is tanking huge, he was last seen on his knees under Hillary's pantsuit. Kored insists that he did not have sex with that woman, Ms Clinton, and if he did he did not enjoy it.....Kid
On take-off, the A320neo is audibly quieter than earlier models. In-flight however, seated in 23A behind the wings, it was fairly noisy and vibrations could be felt. The captain of the flight commented later: “We didn’t want to incur a delay right on the first flight, so flew faster than normal, that’s what caused the extra noise.”
Lufthansa group has 116 neo-type aircraft on order, 45 of them the larger A321neo. The first aircraft will mostly fly from the main base Frankfurt to both Munich and Hamburg - more deliveries are expected in mid-February.
Sumo,..... I would suggest a course in English as a second language, it may help you......Kid
Sumo,.....You need to put that crack pipe down......Kid
General Electric said on Wednesday it will move its global headquarters to Boston and sell its offices in Fairfield, Connecticut, and Rockefeller Plaza in New York City.
The decision caps a search that began last summer as Connecticut lawmakers passed a budget that increased taxes by $1.2 billion over two years, drawing protests from some of the state's biggest corporations.
GE is restructuring to emphasize its digital and industrial capabilities, making a move to a high-tech intellectual center such as Boston attractive.
The company considered Atlanta; Austin, Texas, and Nashville, Tennessee, as potential headquarters sites, according to people familiar with the matter.
GE's move is a blow to Connecticut, which in December reduced corporate taxes to thwart criticism that the state is unfriendly to business. The company has been based in Fairfield for more than 40 years.
GE has about 5,700 employees in Connecticut, including about 800 people employed at the Fairfield headquarters.
However, GE's presence in the state had been shrinking because much of it was related to its finance arm, GE Capital. The 124-year-old company is in the process of selling off the bulk of GE Capital as part of its restructuring.
Last June, GE Chief Executive Officer Jeff Immelt said in an email to employees that he asked a team to examine the company's options to relocate the headquarters to a state with a "more pro-business environment."
Earlier Wednesday, GE said it would cut up to 6,500 jobs in Europe over the next two years, including 765 in France and 1,300 in Switzerland, as it restructures and integrates its acquisition of Alstom's energy business.
"Greater Boston is home to 55 colleges and universities. Massachusetts spends more on research development than any other region in the world, and Boston attracts a diverse, technologically-fluent workforce focused on solving challenges for the world," said Immelt in a statement to CNBC. "We are excited to bring our headquarters to this dynamic and creative city."
Former Sikorsky president Jeff Pino and his friend Nicholas (Nick) Tramontano were reported killed Friday in the crash of Pino's P-51 Mustang near Maricopa, Ariz.
Although the Pinal County Sheriff’s Office (PCSO) did not immediately identify either victim of the crash, XTI Aircraft Company, for which Pino served as vice chairman, confirmed Pino's death in a statement on the XTI website. The company also confirmed that Tramontano was the second victim in the crash. Pino and Tramontano were said to be long-time aviation friends.
“There are no words to express the grief and sadness we feel at the passing of our very dear friend and colleague Jeff Pino on Feb. 5,” stated XTI Aircraft founder and chairman David Brody. “As the former president of Sikorsky Aircraft, Jeff was a true leader, pioneer and industry legend. As the vice chairman of XTI Aircraft Company, Jeff was a brilliant strategist, visionary and expert in all things aviation. As our friend, he was all of that and so much more.”
The Airbus A380 is one of the most environmentally advanced aircraft in the sky. With fuel efficiency as low as 3.1 litres per 100 passenger kilometres, ultra quiet engines, and a host of light-weight components, Emirates A380s fly more passengers further and more efficiently than other large commercial aircraft. Emirates worked closely with Airbus to make the A380 dream a reality, and the result is a green giant that is the pride of our fleet.
The A380’s fuel efficiency is better than most modern small passenger cars in terms of fuel economy per passenger kilometre – this is a key advantage in reducing our emissions and maximising eco-efficiency.
Emirates’ A380s were specially selected with the Engine Alliance GP7200 engines, which save a further 500,000 litres of fuel per aircraft per year than other alternatives The greater fuel efficiency of the GP7200 engines on Emirates’ A380s results in the lowest emissions of any large commercial aircraft - a meagre 75g of CO2 per passenger kilometre.
The Airbus A320neo has officially entered commercial airline service today. The extremely low-key non-event caught almost all passengers of Lufthansa flight 100 by surprise this morning when they flew from Lufthansa’s main base Frankfurt to its second German hub in Munich.
The aircraft, registered D-AINA (MSN 6801) was handed over and delivered, also on short notice, last week from the Airbus factory in Hamburg-Finkenwerder after problems were discovered on the acceptance flight, that had to be rectified by Airbus. Originally the delivery to Lufthansa had been planned for December 22, then pushed to the week between Christmas and New Years. When that didn’t happen, Airbus CEO Fabrice Brégier said at the Annual Airbus Press Conference on January 12th that the delivery would happen “within 2 weeks”. After delivery took place last week, the first flight was set for Sunday January 24 from Frankfurt to Hamburg, but postponed on short notice due to “valve problems” in one engine, according to a Lufthansa spokeswoman.
Jan. 20, 2016 11:07 a.m. ET
Airbus Group SE made the first delivery of its newest airliner, the A320neo, to Deutsche Lufthansa AG on Wednesday, after missing an end-of-year deadline.
On Wednesday, Airbus delivered the first aircraft in its upgraded family of A320neo narrow body jetliners to Lufthansa. News that a European aircraft maker is delivering planes to a German carrier might not sound like a breakthrough for American technology, but in this case it is. That’s because the “neo” designation of the Airbus family stands for “new engine option,” and the planes Lufthansa has bought will be equipped with a revolutionary “geared turbofan” engine made by United Technologies unit Pratt & Whitney.
Pratt has spent $10 billion and 20 years developing the geared turbofan, which it is marketing in multiple variants as the PurePower family of high-bypass engines. To say the PW1100G engines built specially for the A320neo are a breakthrough is a bit of an understatement. The engines will reduce fuel consumption 15%, extending the plane’s range by 500 nautical miles. They will reduce environmental emissions by 50%. They will reduce noise by 75%. And that’s just for starters – the fuel savings will grow to 20% by 2020 as the engine technology is refined, and Airbus is projecting major savings on aircraft maintenance.
The key to the gains is a reduction gearbox built into the engine that allows each of its sections to spin at optimum speed. It’s an idea that has been around for some time, but was devilishly difficult to develop into the kind of engines a next-generation narrow body required. The clearest indication Pratt & Whitney has succeeded is that 7,000 of the engines have been ordered before the first commercial flight even occurred. Most of the aircraft makers adopting Pratt’s PurePower line plan to make it the sole propulsion offering on their new jets.
Airbus will offer two options on the neo — including an upgraded conventional turbofan from GE — but there isn’t any doubt which engine will be quieter, more fuel efficient, or more environmentally friendly. It will be Pratt’s geared turbofan, which has already disrupted business as usual in the short-to-medium haul segment of the market to such a degree that every aircraft and engine maker has been forced to respond with new product offerings. Unfortunately for Pratt’s competitors, there is no way they can catch up with the Connecticut-based company’s lead in new technology anytime soon — which is one reason why Pratt expects engine production to double through the end of the decade.
Pratt & Whitney’s PurePower family of geared turbofan engines is revolutionizing jet propulsion, and in the process disrupting business as usual in the commercial transport sector. But getting to this point required Pratt to transform its business culture, including relying much more heavily on a rigorously managed supply chain.
United Technologies to Post $870 Million Charge in Pratt & Whitney Unit
Pretax charge tied to changes in royalty payments with the Canadian government