By Tim Hepher and David Shepardson FARNBOROUGH, England (Reuters) – Boeing will seek to shore up its troubled 737 MAX 10 and 777X jets with orders officially worth over $15 billion from Delta Air Lines and Lufthansa this week, as the aerospace industry swelters at its largest event since COVID-19. Industry sources said the U.S….
LONDON (Reuters) – Delta Air Lines will announce a deal for 100 Boeing MAX 10 jets worth around $13.5 billion at list prices at the Farnborough air show on Monday, sources familiar with the matter told Reuters on Sunday. Reuters reported in March that Delta was edging towards an order for 100 MAX 10 planes,…
STOCKHOLM (Reuters) – Ailing airline SAS and pilot unions continued talks over new collective agreements on Sunday after negotiations through the night, a union representative told reporters as the strike entered its 14th day. Most SAS pilots in Sweden, Denmark and Norway walked out on July 4 after talks over conditions related to the Scandinavian…
STOCKHOLM (Reuters) – Ailing airline SAS and pilot unions continued talks over new collective agreements on Sunday after negotiations through the night, a union representative told reporters as the strike entered its 14th day. Most SAS pilots in Sweden, Denmark and Norway walked out on July 4 after talks over conditions related to the Scandinavian…
BEIJING (Reuters) – China’s monetary policy has ample room and sufficient tools, including further cutting banks’ reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday. China’s economy grew just 0.4% in the second quarter from the same period last year, down sharply…
LONDON (Reuters) – The British government launched an “Aviation Passenger Charter” on Sunday to help passengers know their rights if they are faced with problems at airports after the widespread disruption seen this year. Long queues and cancelled flights caused by staff shortages have caused chaos at times, prompting airlines to cut back their schedules…
By David Shepardson LONDON (Reuters) – U.S. airplane maker Boeing Co trimmed its projected industrywide demand for airplanes over the next 20 years, but said it expects deliveries to be stable excluding the Russian market. Boeing projects airlines worldwide will need 41,170 new airplanes over 20 years with half of the deliveries for replacement aircraft,…
(Reuters) – Boeing on Saturday said it is “disappointed” that the union representing nearly 2,500 employees at the U.S. planemaker’s facilities in the St. Louis area has recommended rejection of management’s contract offer. The International Association of Machinists and Aerospace Workers (IAM), the union representing the workers, said in an earlier statement that it recommended…
(Reuters) -Starbucks Corp is not in a formal sale process for its UK business, a company spokesperson said in a statement after The Times reported earlier on Saturday that the coffee chain is exploring a sale of the UK operations. According to the Times report, Starbucks has not initiated a “formal sales process” of its…
VIENNA (Reuters) -The Swiss National Bank is currently planning to raise interest rates by 50 or 75 basis points in its next scheduled monetary policy announcement in September, a Swiss newspaper reported on Saturday, citing one or more people involved in the matter. The central bank last month raised its policy rate for the first…
