Business

PARIS, June 19 (Reuters) – RTX (RTX.N) expects to take a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by its Pratt & Whitney subsidiary, the company said during an investor day on Monday.GTF deliveries that are delayed in the second quarter will be recovered… […]

WASHINGTON, June 19 (Reuters) – U.S. auto safety regulators are investigating nearly 40,000 Hyundai (005380.KS) Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charging issue.The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it received 30 consumer complaints alleging a loss of acceleration. The… […]

PARIS, June 19 (Reuters) – GE (GE.N) Chairman and GE Aerospace CEO Larry Culp said on Monday all options were on the table, when asked whether the company would be interested in investing in a new engine for a potential larger version of the Airbus (AIR.PA) A220 jet.”I don’t think we would rule anything in… […]

June 18 (Reuters) – SVB Financial Group (SIVBQ.PK) said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group.The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire… […]

PARIS/MEXICO CITY, June 18 (Reuters) – Airbus (AIR.PA) is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday.The number of new narrowbody planes being discussed ran into triple digits, meaning at least 100, the sources added, declining to go into more detail.Airbus declined to comment.”We… […]

PARIS June 18 (Reuters) – Boeing (BA.N) expects to increase production of its best-selling 737 MAX to 38 jets a month “pretty soon,” but the company is likely to see supply chain instability at every rate increase, the head of Boeing Commercial Airplanes (BCA) said Sunday.Boeing had planned to bolster 737 MAX production from its… […]

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PARIS, June 18 (Reuters) – U.S. planemaker Boeing (BA.N) slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.Boeing expects airlines will need to buy 42,595 jets from now until 2042, up from 41,170 planes in its previous 20-year forecast last… […]

June 17 (Reuters) – WestJet group is planning to wind down low-cost carrier Sunwing Airlines and integrate it into its main business, according to a memo seen by Reuters. The move is part of the integration process by WestJet which completed the acquisition of Sunwing airlines in May.Once the integration is complete, all Sunwing employees… […]

PARIS, June 17 (Reuters) – French-American jet engine maker CFM International said on Saturday it was redesigning some parts of its LEAP engine to improve durability in harsh climates, to be available for retrofit on Airbus (AIR.PA) and Boeing (BA.N) jets next year.It is the latest example of increased stress in climates such as the… […]