Karen's Feed
Jul 8, 2012

Cathay seen front-runner to ease A350 drought

FARNBOROUGH, England, July 8 (Reuters) – Airbus
will be looking for a long-awaited new order for its A350-1000
mini-jumbo at this week’s Farnborough Airshow, with Hong Kong’s
Cathay Pacific tipped as most likely to end a
three-year order drought, industry sources said.

Cathay Pacific has 36 of the A350-900 base model on order,
and may add on further orders for the stretched A350-1000 or
convert some of its existing orders, or both, the sources said.

Jul 8, 2012

Airshow: Pratt looks to widen reach of geared turbofan

FARNBOROUGH, England (Reuters) – Engine maker Pratt & Whitney is expecting to benefit from big orders at this week’s Farnborough Airshow as it pursues new applications for its geared turbofan engine, its president said on Sunday.

“I would expect to see some big narrowbody orders,” David Hess said in an interview a day before the official start of the U.K. air show. He also said there could be “good news” on orders for the Mitsubishi regional jet and Bombardier (BBDb.TO: Quote, Profile, Research) C-Series planes in development that will also include Pratt engines.

Jul 8, 2012

Pratt looks to widen reach of geared turbofan

FARNBOROUGH, England, July 8 (Reuters) – Engine maker Pratt
& Whitney is expecting to benefit from big orders at this week’s
Farnborough Airshow as it pursues new applications for its
geared turbofan engine, its president said on Sunday.

“I would expect to see some big narrowbody orders,” David
Hess said in an interview a day before the official start of the
U.K. air show. He also said there could be “good news” on orders
for the Mitsubishi regional jet and Bombardier
C-Series planes in development that will also include Pratt
engines.

Jul 8, 2012

Airshow: New Boeing commercial chief plays down Airbus threat

FARNBOROUGH, England (Reuters) – Boeing Co’s (BA.N: Quote, Profile, Research) new commercial planes chief on Sunday played down plans by rival Airbus to open its first U.S. assembly line for single-aisle planes, saying airline customers cared less about where planes are built than about the value they offer.

“You win with the best products, the best value, the best relationships,” Ray Conner told a media briefing in London a day before the official start of the Farnborough Airshow.

Jul 8, 2012

New Boeing commercial chief plays down Airbus threat

FARNBOROUGH, England, July 8 (Reuters) – Boeing Co’s
new commercial planes chief on Sunday played down plans by rival
Airbus to open its first U.S. assembly line for single-aisle
planes, saying airline customers cared less about where planes
are built than about the value they offer.

“You win with the best products, the best value, the best
relationships,” Ray Conner told a media briefing in London a day
before the official start of the Farnborough Airshow.

Jul 2, 2012

Airbus to open factory on rival Boeing’s U.S. turf

MOBILE, Alabama (Reuters) – European planemaker Airbus confirmed plans on Monday to build its first assembly plant in the United States, marking an aggressive foray into the world’s busiest aviation market and the home turf of rival Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz).

The world’s largest commercial jetmaker, an EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) unit, said the Mobile, Alabama, plant would build up to 50 A320-family jets annually within two years of its 2016 opening and provide 1,000 jobs. It will be the second Airbus plant outside Europe that manufactures its most popular jet, after China.

Jun 15, 2012

Analysis: Delta heats up competition for New York flyers

ATLANTA/WASHINGTON (Reuters) – Delta Air Lines Inc (DAL.N: Quote, Profile, Research, Stock Buzz) kicked off a sale on Memorial Day weekend that offered flyers one-way fares from New York’s LaGuardia Airport to Philadelphia for as low as $69.

The sale, which ended on Wednesday, was aimed at drawing attention to a host of new flights that forms the centerpiece of Delta’s effort to gain long-term supremacy in New York, the busiest U.S. air travel market.

Jun 7, 2012

No direct link for Fed policy, Greek vote-Lockhart

, June 7 (Reuters) – Making a direct connection
between debt-stricken Greece’s upcoming elections and any policy
decision by the U.S. Federal Reserve would be unjustified,
Atlanta Federal Reserve President Dennis Lockhart said on
Thursday.

The U.S. central bank is due to hold a regular policy
meeting on June 19-20, just after a June 17 Greek election that
could decide the fate of the country as a member of the euro
zone.

Jun 5, 2012

More hotel deals expected in 2012

By Karen Jacobs

(Reuters) – The value of hotel deals for the first five months of 2012 came to $5.1 billion, down from $6.4 billion a year earlier, research from Jones Lang LaSalle Hotels indicated as attendees at a New York hospitality industry conference said they expected more hotel transactions this year.

The hotel investment services firm said the average price per room for single hotels that were bought so far this year topped $194,000, five percent higher than the level for all of 2011.

May 1, 2012

Corrected: Delta buys refinery, becoming first airline to make own fuel

By Karen Jacobs

(Reuters) – Delta Air Lines Inc (DAL.N: Quote, Profile, Research, Stock Buzz) will buy a Pennsylvania oil refinery from ConocoPhillips (COP.N: Quote, Profile, Research, Stock Buzz) for $180 million, an audacious bid to save money on fuel costs by investing in a sector shunned by many of the biggest oil firms.

Atlanta-based Delta said the first ever purchase of a refinery by an airline would allow it to cut $300 million annually from jet fuel costs, which reached $12 billion last year. It said production at the refinery along with other agreements to exchange refined products for jet fuel would provide 80 percent of its fuel needs in the United States.