Trends - Airbus - Business Recorder

Airbus

GE and Safran plan next-generation jet engines

PARIS: General Electric and Safran signed Monday a deal extending their cooperation as they set their sights on...

Published 15 Jun, 2021 03:30am

Business & Finance

Airbus, Air France want EU green funds used for jet incentives

Airlines criticised the report in a statement issued through their main regional body after a pre-publication version circulated.

Published 10 Jun, 2021 12:00pm

Business & Finance

Airbus to raise plane production, sees aviation recovery

PARIS: Airbus said it will produce more single-aisle planes in 2023 than before the coronavirus crisis as the...

Published 31 May, 2021 03:12am

Markets

European shares at record high on gains in financials, U.S. spending plan

The pan-European STOXX 600 index rose 0.6pc to a record high of 448.98 points and added 1pc this week.

Published 28 May, 2021 11:43pm

Business & Finance

IATA chief pours cold water on Airbus jet output increase

"Let's wait and see, because obviously there is a huge disconnect between what the manufacturers say they're going to produce and what the airlines decide to buy," Walsh, previously head of British Airways owner IAG, told Reuters.

Updated 28 May, 2021 06:08pm

Markets

European shares hit record high

AMSTERDAM/LONDON: European shares closed at a record high on Thursday boosted by Airbus after the planemaker hiked...

Published 28 May, 2021 04:08am

Markets

European shares hit record high on Airbus boost, Bayer hurt by Roundup ruling

German shares shed around 0.3pc, lagging other regional markets, with Bayer the biggest drag on the DAX, falling 5.0pc.

Published 27 May, 2021 10:34pm

Business & Finance

Airbus to raise plane production, sees aviation post-Covid recovery

Airbus will also step up production of its smaller, single-aisle A220 airplane.

Published 27 May, 2021 02:21pm

Business & Finance

JetBlue set for transatlantic debut to London in August

The airline will launch daily flights to London's Heathrow Airport on Aug. 11 and to Gatwick on Sept. 29, it said in a statement.
"We expect Heathrow is going to want us to stay once they see what we can do in terms of driving competition," JetBlue President Joanna Geraghty told.

Published 19 May, 2021 06:24pm

Business & Finance

Airbus flies back into black in first quarter

However, "the first quarter shows that the crisis is not yet over for our industry, and that the market remains uncertain."

Published 29 Apr, 2021 11:04am

ArcelorMittal, Vattenfall form hydrogen consortium with Shell, Airbus, others

FRANKFURT: ArcelorMittal, the world's top steelmaker, and Swedish utility Vattenfall have teamed up with Shell,...

Published 27 Apr, 2021 03:02am

Business & Finance

Breeze Airways boosts Airbus A220 jet order

The order matches a purchase of 20 A220-300 from an undisclosed buyer, reported by Airbus in a monthly report last week. Airbus and Breeze both declined comment.
"There is a ton of pent-up demand on the leisure side," he told last week's World Aviation Festival.

Published 26 Apr, 2021 05:18pm

Business & Finance

Delta plans to buy 25 Airbus planes amid expected travel rebound

Delta last week reported a quarterly loss, but pointed to an expected return to profitability later in 2021 amid quickly rising travel demand.

Published 23 Apr, 2021 10:33am

Business & Finance

Airbus deliveries surge in March, sending shares higher

But the company’s net orders - which are adjusted for cancellations - remained in negative territory for the first quarter, with a total of minus 61 net orders dominated by a Norwegian cancellation unveiled in the previous month.

Published 10 Apr, 2021 10:18am

Business & Finance

Airbus, Dassault reach deal on European fighter jet prototype

PARIS: Airbus and Dassault Aviation have reached an accord on building a test version of Europe’s next-generation...

Published 03 Apr, 2021 03:41am

Business & Finance

Airbus and Dassault agree joint FCAS fighter proposal

The agreement, first reported by La Tribune, paves the way for political talks to resume among the project's three government backers, France, Germany and Spain, a source close to the matter told Reuters.
"The governments have received an offer from the companies to build the demonstrator for a new combat plane in the framework of FCAS," the French armed forces ministry said, adding that negotiations were continuing on the overall project.

Published 02 Apr, 2021 08:15pm

Business & Finance

European travel recovery disappointing, industry officials say

Low-cost airline traffic is around 84% below pre-pandemic levels, director general Eamonn Brennan said in a webcast.
Key to reopening markets will be the pace of vaccine rollouts, with progress expected in coming weeks, he added.

Published 30 Mar, 2021 06:25pm

Business & Finance

Embraer cuts losses

SAO PAULO: Brazilian plane-maker Embraer said it cut its losses to $3.3 million in the fourth quarter, but ended...

Published 30 Mar, 2021 05:45am

Business & Finance

Airlines face headache over 'use-by' date on some jet parts as pandemic grounds fleets

"Here we would actually recommend increasing the number of tasks to be performed if you have a low utilisation," she said. "This is always an engineering driven and safety driven analysis."

Published 17 Mar, 2021 02:08pm

Business & Finance

Airbus targets Boeing’s freight fortress with potential A350 cargo jet

PARIS: Airbus is canvassing airline support for a potential freighter version of its A350 passenger jet, targeting a...

Published 15 Mar, 2021 05:22am

Jet leasing in shake-up as AerCap, GE unit discuss tie-up

WASHINGTON: Aircraft leasing is on the brink of its biggest shake-up in almost a decade as its top two players ...

Published 09 Mar, 2021 05:45am

Business & Finance

Airbus not to lay off staff in Germany, France or UK

PARIS: Airbus said Thursday that it would be able to avoid forced redundancies in Germany, France and Britain as the...

Updated 08 Mar, 2021 09:16am

Business & Finance

Airbus reveals carbon footprint of its planes

PARIS: Airbus unveiled Friday the carbon footprint of its aircraft, a move that will help measure progress made by...

Updated 01 Mar, 2021 09:41am

Business & Finance

Norwegian Air has cancelled all remaining 88 jets in Airbus order

The airline took an impairment charge of 4.8 billion crowns ($93.51 million) in the fourth quarter relating to the termination of aircraft purchase contracts with Airbus and Boeing.

Published 26 Feb, 2021 08:32pm

Business & Finance

Spirit posts quarterly loss on pandemic, 737 MAX pain

"2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis," Spirit Chief Executive Officer Tom Gentile said.
Spirit's total deliveries of shipsets, or complete sets of parts, fell 48.9% to 231 units in the fourth quarter. Boeing 737 MAX deliveries fell to 19 shipsets from 153 a year ago.

Published 23 Feb, 2021 08:02pm

Business & Finance

Kuwait's Jazeera Airways considering 13 jet order, chairman

The budget carrier has long mulled an aircraft order to expand and replace its fleet of leased Airbus, but decided against going head with such a deal as recently as 2019.
We have put in place a five-year plan in which the number of our fleet aircraft will increase from 17 to 30 aircraft within five years ending in 2025.

Published 22 Feb, 2021 09:22pm

Business & Finance

Airbus looks to A321 XLR to exit virus crisis

PARIS: The Covid-19 pandemic has hit aircraft manufacturers hard but Airbus is already looking towards a new plane ...

Updated 22 Feb, 2021 09:57am

Business & Finance

Airbus CEO urges trade war ceasefire, easing of COVID travel bans

"This dispute, which is now an old dispute, has put us in a lose-lose situation," Airbus Chief Executive Guillaume Faury said in a radio interview.

Published 20 Feb, 2021 05:50pm

Markets

European shares up

MILAN/ROTTERDAM: European shares inched higher on Thursday as mining stocks tracked a jump in commodity prices and...

Published 19 Feb, 2021 04:07am

Business & Finance

Cautious Airbus forecast disappoints after 2020 loss

Airbus sees flat deliveries in 2021 despite output increase.
Reintroduces delivery and operating profit targets.
Signals that spun-off aerostructures units will stay in-house.

Published 18 Feb, 2021 09:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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