Bloomberg Airbus SE jetliner handovers increased in September, while remaining short of the monthly average needed to reach an already downgraded year-end goal. The planemaker delivered 55 aircraft, up from 39 in August, it said, confirming a Bloomberg report. That takes net tally to 435, meaning it must ship an average 88 per month to hit the annual target of ...
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Boeing tanker’s camera repair to take another 19 months: Air Force
Bloomberg The US Air Force said it will take an additional 19 months for Boeing Co. to start installing an improved version of the flawed camera-based refuelling system on its KC-46 refuelling planes, according to the service. “After thoroughly evaluating all the data and assumptions that went in to the current schedule†the Air Force and Boeing determined that ...
Read More »Adidas falls after review of Kanye West Yeezy partnership
Bloomberg Adidas AG put its relationship with Kanye West under review amid growing acrimony between the designer and his closest corporate partner, sending shares of the German sports company lower. Adidas said it was reviewing the troubled Yeezy partnership after trying repeatedly to resolve the situation privately. West, who now goes by Ye, responded on Instagram by cursing at ...
Read More »Heathrow airport warns on demand outlook for travel
Bloomberg London’s Heathrow airport said growing economic headwinds and the escalating war in Ukraine have made the outlook for travel uncertain this winter. The hub still expects peak days through the Christmas holidays to be very busy and will focus on ramping capacity back up to pre-pandemic levels, it said in a statement on Tuesday. Heathrow had close to ...
Read More »Norse plans to rent out a third of its fleet
Bloomberg Startup airline Norse Atlantic ASA plans to rent out a third of its fleet next summer amid concern that a weaker economic environment will weigh on demand in the trans-Atlantic markets it’s targeting. Norse, which agreed to take 15 Boeing Co. 787 jets from leasing firms with the aim of building up US flights from London Gatwick, has ...
Read More »G-7 leaders pledge to support Ukraine ‘for as long as it takes’
Bloomberg Group of Seven leaders vowed to support Ukraine “for as long as it takes†and condemned Russia’s recent steps to escalate its war there “in the strongest possible terms.†During a 90-minute video call Tuesday with Ukrainian President Volodymyr Zelenskiy, G-7 leaders pledged their “undeterred and steadfast†commitment to helping the government in Kyiv “uphold its sovereignty and territorial ...
Read More »China worried about situation in Ukraine after Russian missile strikes
Bloomberg China said it was worried about the worsening situation in Ukraine, after Russia struck civilian targets with missiles in retaliation for a attack on a key bridge. “We are concerned about the development of the current situation and call on relevant parties to resolve their differences through dialogue and consultation,†Foreign Ministry spokeswoman Mao Ning said Tuesday at a ...
Read More »Scottish independence debate adds to Truss’s troubles
Bloomberg A renewed push for Scottish independence is about to force its way onto embattled UK Prime Minister Liz Truss’s agenda. The debate over a second referendum on Scotland breaking with the rest of the UK goes to the Supreme Court in London on Tuesday, where judges were to consider a request by the semi-autonomous government in Edinburgh whether it ...
Read More »Mahathir says he will defend Langkawi seat in Malaysia elections
Bloomberg Mahathir Mohamad, Malaysia’s 97-year-old former prime minister, said he will defend his Langkawi parliamentary seat in the upcoming general election. The country’s longest-serving leader, who was instrumental in unseating the ruling United Malays National Organisation in the historic 2018 election before losing power in 2020, said his party had yet to pick a candidate as premier. Still, he ...
Read More »HSBC looks to deals, disposals as part of fight against breakup
Bloomberg HSBC Holdings Plc has spent the past six months fighting calls from its largest shareholder to split up. That isn’t stopping the bank ramping up its own deal-making program. The London-based lender expects to increase the amount of acquisitions it makes in the coming years, a person familiar with the company’s thinking said. Further disposals are also expected but ...
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