|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||33.23 - 33.53|
|52 Week Range||20.84 - 37.28|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||30.59|
|Forward Dividend & Yield||0.47 (1.38%)|
|1y Target Est||N/A|
Social Capital Hedosophia Holdings Corp. to Merge with Virgin Galactic Pending Shareholder Vote By John Jannarone and Oliver Estreich One critical factor in the 1960s Space Race was a need for cash, and the same goes for commercial space travel. Ordinary investors now have a chance to supply such capital to fuel Richard Branson’s Virgin […]
U.S. budget carrier Spirit Airlines on Wednesday unveiled a provisional deal to order 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first U.S. airline to pick European planes since Washington imposed tariffs on them. The deal, confirming details exclusively reported by Reuters earlier on Wednesday, also involves options for another 50 aircraft, Spirit Airlines said. It is the first tentative win for Airbus in the United States since Washington imposed 10% tariffs on some of the planes it offers to U.S. carriers last week, part of a long-running transatlantic trade dispute over aircraft subsidies.
The deal, confirming details exclusively reported by Reuters earlier on Wednesday, also involves options for another 50 aircraft, Spirit Airlines said. It is the first tentative win for Airbus in the United States since Washington imposed 10% tariffs on some of the planes it offers to U.S. carriers last week, part of a long-running transatlantic trade dispute over aircraft subsidies. "It proves tariffs don't work," a European source said.
Boeing is in the news a lot, but investors wondering if the stock is a good buy now should also look at the aerospace giant's fundamentals and its chart.
(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Terms of Trade newsletter, and follow Bloomberg Economics on Twitter for more.U.S. tariffs that took effect on Friday on iconic European products including single-malt Scotch whisky have already prompted plenty of grumbling from American consumers. But the more important constituency watching what might yet turn into a 21st century Whiskey Rebellion is actually in Beijing.President Donald Trump’s attack on some of European Union’s boozier exports is the result of a long-running fight over the industrial leg-up the U.S. and EU countries have given to Boeing and Airbus over the years. In a world where dirigiste China’s vast web of corporate subsidies from cheap electricity to cheap capital are the target of concern on both sides of the Atlantic, a fight over their own subsidies undermines the ability to join forces.The trans-Atlantic fight over aircraft subsidies, which led the World Trade Organization this month to authorize U.S. tariffs on $7.5 billion in imports from the EU, is therefore tied intricately to Trump’s prospects of someday extracting a far more meaningful set of economic reforms from President Xi Jinping than the mini deal he is now contemplating.The EU over the past 10 days has again proposed talks with the U.S. to resolve their differences over the aircraft saga. It is pointing to the shared angst over China as the best reason for the two economic powers to cut a deal. Which seems sensible. Even Boeing isn’t keen on the tariffs ostensibly being levied in its interest for fear they will lead to retribution and its aircraft being shut out of the European market.So far the response from Robert Lighthizer, the U.S. trade representative, has been a shrug of the shoulders.Lighthizer is busy wrapping up the first installment of the deal Trump is determined to close with China by mid-November. But U.S. officials are also skeptical of how real any EU commitment to end subsidies would be. For a start, people in Washington point to the billions in loans European governments extended to Airbus to develop the A380. With the jet’s demise, those taxpayer-backed loans are effectively being forgiven, which is seen as evidence of Europe’s lingering affection for state support.There is one good reason to be optimistic. The EU and the U.S. — together with Japan — have for almost two years been working on draft rules for industrial subsidies that they hope someday to take into the WTO as a way to force change in China.The Trump administration has never been overly enthusiastic. But people close to the talks say a text is being finalized. The big stumbling block: The need for a resolution to the Airbus-Boeing fight.Which is why it’s worth tracking the price of single-malt Scotch in the U.S. — and Brexit could play a role. But if the new tariffs disappear (and prices go down) it will most likely be because of a bigger peace and a new alliance forming against China.Charting the Trade WarThe French port of Calais has spent 6 million euros preparing for the fallout from Britain’s tortuous journey out of the EU. It may all end up being pointless, but none of the towns and cities along the continental coastline of Northern Europe can afford to take any chances. Today’s Must ReadsAsian bellwethers | Exports in Japan and South Korea have extended their declines, the latest signs the trade war is continuing to slow big engines of the global economy. Collateral damage | Malaysia may become a target of sanctions as the export-reliant economy is caught in the crossfire of the U.S.-China trade war, its prime minister said. Status update | South Korean trade officials will discuss the country’s developing-nation status at the World Trade Organization with American counterparts this week. Pork lift | Export sales of American pork soared to an all-time high as buyers stock up in anticipation of a widening protein gap created by a pig-killing disease in Asia. Chips are down | The U.S.-China trade war is fracturing the world’s semiconductor manufacturing base, and that won’t stop even if the tariffs cease to exist.Economic AnalysisSouth Korea outlook | The trajectory of trade tensions continues to shape South Korea’s growth outlook in 2020. Japan trade pain | A 10th monthly drop in exports underscores the blow to manufacturers from slowing external demand.Coming UpOct. 24: Hong Kong trade balance Oct. 25: CPB releases Global Trade MonitorLike Terms of Trade?Don’t keep it to yourself. Colleagues and friends can sign up here. We also publish Balance of Power, a daily briefing on the latest in global politics.For even more: Subscribe to Bloomberg All Access for full global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.How are we doing? We want to hear what you think about this newsletter. Let our trade tsar know.To contact the author of this story: Shawn Donnan in Washington at email@example.comTo contact the editor responsible for this story: Brendan Murray at firstname.lastname@example.org, Zoe SchneeweissFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The battle between Airbus and America says a lot about the hypocrisies in our system of global trade. US President Donald Trump got the go ahead to slap tariffs on the pan-European aircraft manufacturer ...
The European Union is working on measures to compensate sectors hit by tariffs imposed by the United States over illegal EU subsidies to the aircraft industry, Italian Prime Minister Giuseppe Conte said on Friday. The United States began slapping tariffs on EU imports worth an annual $7.5 billion on Friday, such as British whisky, French wine, Spanish olives and cheese from across the bloc, including Italian Parmigiano-Reggiano.
The European Union will impose its own tariffs "in due course" in its WTO dispute over aircraft subsidies after the United States hit EU imports with increased duties related to illegal subsidies for Airbus, EU trade chief Cecilia Malmstrom said on Friday. "We regret the choice of the U.S. to move ahead with tariffs. This step leaves us no alternative but to follow through in due course with our own tariffs in the Boeing case, where the U.S. has been found in breach of WTO rules," Malmstrom said.
Bruno Le Maire, France’s finance minister, warned the US that China would emerge the winner from a full-blown trade war between Washington and Brussels, in the latest sign of rising transatlantic economic ...
Delivery delays to Boeing's 777X jetliner are holding back Emirates' growth and could partially affect the Gulf carrier's broader fleet requirements, airline President Tim Clark said on Thursday. Dubai-based Emirates has 150 of the 350-400-seat model on order, of which eight were originally slated for delivery next year, and has yet to firm up orders for 40 of Boeing's mid-size 787 jets. The world's largest operator of long-haul aircraft is also in talks to complete an order for 70 Airbus jets, with both sets of negotiations in focus ahead of the Dubai Airshow in November.
Qantas is starting research flights for the longest flight in the world with a newly delivered Boeing 787-9 Dreamliner as Airbus finalizes its offering.
A double whammy of U.S. import tariffs kicking in on Friday and a recent steep drop in global olive oil prices is threatening the subsistence of thousands of families in southern Spain who fully depend on "liquid gold", as the oil is known here. The southern Andalusia region is home to the world's largest olive oil industry, accounting for about half the global output. U.S. President Donald Trump's administration imposed 25% import tariffs on several European agricultural products, including Spanish olive oil, as part of WTO-authorised countermeasures in a long-running spat over subsidies to planemaker Airbus .
President Donald Trump voiced confidence Wednesday that the U.S. could not lose a tariff war with the European Union as the U.S. prepares to impose trade sanctions on up to $7.5 billion worth of EU goods.
U.S. President Donald Trump on Wednesday said Washington was in talks with "some new people" in Europe about trade issues and he hoped the discussions would be successful, as Italy's president urged Trump to avoid counterproductive tariffs. Italian President Sergio Mattarella told reporters ahead of a meeting with Trump at the White House that he hoped the two allies could cooperate on trade issues and avoid retaliatory tariffs.
Airbus has sold 10 A321neo aircraft to Chilean budget carrier Sky Airline, two industry sources said. Airbus stopped publishing list values this year. Sky Airline was founded in Chile in the early 2000s by Jurgen Paulmann.
Airline Swiss expects to resume mostly normal service with its fleet of Airbus A220 jets on Thursday after temporarily grounding the jets for safety checks of their engines, it said on Wednesday. The inspections of Pratt & Whitney engines came after a Geneva-bound Swiss jet had to divert to Paris on Tuesday.
Airline Swiss expects to resume mostly normal service with its fleet of Airbus A220 jets on Thursday after temporarily grounding the jets for safety checks of their engines, it said on Wednesday. The inspections of Pratt & Whitney engines came after a Geneva-bound Swiss jet had to divert to Paris on Tuesday. "The engines are in impeccable condition, so these 20 aircraft have returned to regular flight operations," it added in a statement.
(Bloomberg) -- Deutsche Lufthansa AG’s Swiss airline is resuming flights with its fleet of Airbus SE A220 jets after grounding them Tuesday following a “serious” engine problem that forced a London-Geneva service to land in Paris.The carrier, the world’s biggest operator of the narrow-body aircraft, said it canceled about 100 flights in order to carry out inspections of the Pratt & Whitney engines. Some A220s have returned to the air following successful checks, and full operations are expected to resume on Thursday, Swiss said in a statement. The company canceled 19 flights on Wednesday.The incident marked yet another headache for the airline, which has 29 of the new planes in its fleet. A July 25 Swiss flight from Geneva to London experienced engine failure after part of the turbine disintegrated over Paris, while one from Zurich to Dusseldorf had to turn around earlier the same month because of a turbine problem.Read more: Pratt Jet-Engine Blowout Spurs Parts Search in French WoodsThe engine, known as the geared turbofan, is also powering some of Airbus’s best-selling A320 family jets and has had a series of teething problems, including a 2014 failure when an engine caught fire during testing of the A220.The jet was known as the Bombardier Inc. C Series until Airbus acquired control of the program from the Montreal-based company last year.France’s safety authority, the Bureau d’Enquetes et d’Analyses, called the latest event concerning the Pratt engine “serious” and said an investigation has been turned over to the National Transport Safety Board in the U.S.Swiss said it’s talking with regulators, Pratt and Airbus about the issues.Pratt, a division of Farmington, Connecticut-based United Technologies Corp., recommended operators conduct additional inspections, though the engines “continue to meet all criteria for continued airworthiness,” it said in a statement.In a separate statement, Airbus said the “precautionary measures” include “a once-off visual borescope inspection and engine low pressure compressor speed limitation.” The planemaker said it’s supporting customers as needed.As of Sept. 30, Airbus had delivered 20 A220-300 models to Swiss, as well as nine of the smaller A220-100 variants, with 90 jets delivered to customers including Air Baltic, Delta Air Lines Inc. and Korean Air Lines Co..Another variant of Pratt’s geared turbofan that needs to undergo the inspection is used on the Embraer SA E195-E2, the first of which was just delivered last month to Azul and AerCap.Delta will “always meet or exceed safety, inspection and maintenance recommendations from manufacturers” and regulators, the airline said via email. Air Baltic said it continues to operate its A220 fleet while remaining in close contact with Pratt and Airbus while it performs the necessary inspections.\--With assistance from Mary Schlangenstein.To contact the reporters on this story: William Wilkes in Frankfurt at email@example.com;Richard Weiss in Frankfurt at firstname.lastname@example.org;Richard Clough in New York at email@example.comTo contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org, ;Anthony Palazzo at email@example.com, Susan Warren, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
PARIS/ZURICH (Reuters) - U.S. engine maker Pratt & Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva-bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. French air crash investigators classified the problem that disrupted the Swiss flight shortly after departure from London Heathrow on Tuesday as a "serious incident" and said it would be investigated by the U.S. National Transportation Safety Board. It was the third engine incident involving the same airline and model of jet in as many months and resulted in a small amount of debris being scattered as the aircraft landed at Paris Charles de Gaulle, an airport source told Reuters.
Yahoo Finance's Jessica Smith looks at the new U.S. tariffs on E.U. goods and impact it has globally. She talks with Julie Hyman, Adam Shapiro, Dan Howley and Bryn Mawr Trust's Jeff Mills.