|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||33.26 - 33.92|
|52 Week Range||20.84 - 37.28|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||30.92|
|Forward Dividend & Yield||0.47 (1.41%)|
|1y Target Est||N/A|
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.
PARIS/ZURICH, Oct 15 (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. 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. Swiss, owned by Germany's Lufthansa, said after Tuesday's incident it had initially grounded its fleet of Airbus A220 jets for a "comprehensive inspection" of their engines.
Large aircraft are included in the list of $7.5 billion worth of European imports that will be subject to new U.S. tariffs starting Oct. 18. During Thursday's (Oct. 10) earnings call with analysts, Delta Airlines (NYSE: DAL) CEO Ed Bastian expressed concern the tariffs will retrospectively apply to previous orders and said the company is working to blunt their impact, which wouldn't be felt until next year or materially hurt finances in the near term. Delta Airlines operates 31 A330-300 widebody aircraft.
PARIS/VIENNA, Oct 15 (Reuters) - Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet. French air accident investigators classified the problem that disrupted the Swiss flight shortly after departure from London Heathrow as a "serious incident" and said it would be investigated by the U.S. National Transportation Safety Board. Swiss, owned by Germany's Lufthansa, said it had grounded its fleet of 29 Airbus A220 jets for a review of their engines.
U.S. jet engine maker Pratt & Whitney said it had recommended additional checks on engines powering Airbus A220 and some Embraer E2 passenger jets after recent engine incidents. "Pratt & Whitney and our airframe OEMs (manufacturers), working in coordination with the regulatory authorities, have recommended additional inspections of the low-pressure compressor for PW1500G and PW1900G engines to keep the fleet operational," a spokesman said. "The engines continue to meet all criteria for continued airworthiness.
Plane parts maker FACC's operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit. Chinese-owned FACC makes components for wings, tail assemblies and fuselages as well as engines and cabin interiors for all major planemakers. FACC said in its half annual report on Tuesday that while production rates of all major aircraft types had stabilized at a high level, no significant increases were expected for 2020.