Benelux

French aerospace company Safran announced increased earnings and revenue for 2026, following a strong year of profitability, thanks to aftermarket demand. The shares of a?the? manufacturer of civil and military aircraft and jet engines, as well as equipment such landing gear and cabins, rose by over 7%. They were on course for their best day in March 2022. Safran, which produces engines for Airbus jets and Boeing planes under GE Aerospace's CFM venture, forecasted a recurring operating profit of 6.1 to 6.2 billion euro ($7.2 billion up to $7.4billion) for the calendar year. This was based on a projected percentage...

Safran CEO Olivier Andries stated on Friday that CFM will do its best to fulfill any requests from Airbus for additional engines this year. However, the priority is to'meet' existing commitments. Airbus, according to industry sources, is in a standoff with engine manufacturer Pratt & Whitney about engine supplies. This has put its main production goals at risk and prompted it to turn to CFM to help adapt. Andries informed?reporters CFM's forecasts of a 15% rise in total LEAP engine deliveries this year included in Safran’s annual earnings, announced on Friday, didn't include any provision to?increase its share of market....

French aerospace group Safran announced increased earnings and revenue?for 2026, following a year of profitability gains?due to strong demand for its civil jet engines. Safran, which produces?engines for Airbus and Boeing planes under the CFM venture with GE Aerospace, forecasted 6.1 to 6.2 billion euro ($7.2 billion up to $7.4billion) in recurring operational profit this calendar year. This was based on an estimated percentage increase in revenue of "low to middle teens" for the period. The French version of the earnings announcement stated that this was an increase between 12% and 15%. Safran reported a 26% increase in its recurring...

Howmet Aerospace forecast first-quarter profits above Wall Street expectations on Thursday, as it benefits from strong demand for planes and aircraft parts. Shares of the company rose 9% during morning trade. Airlines have expanded their fleets due to a strong?travel demand. While planemakers have increased production to meet the needs of airlines, they have not yet caught up, allowing older jets to fly longer. This has forced engine manufacturers and other suppliers to juggle competing demands for new plane assembly as well as maintenance of existing fleets. BUYING, INCREASING THE CAPACITY OF A COMPANY Howmet, a Pittsburgh-based company, is expanding...

Industry sources claim that the French-US jet engine manufacturer CFM is evaluating a "more conventional" "advanced-ducted" engine design, alongside its preferred option for a radical open fan concept. The industry is debating fuel-savings as well as reducing emissions. The'venture' co-owned by GE Aerospace, France and Safran, has been promoting an open-rotor, with a large fan exposed instead of a conventional casing, for the next generation of Airbus and Boeing aircraft. This would "generate fuel savings and emissions reductions of 20% in a well-publicised research program called RISE. It is also examining a design that would contain the fan inside a...

Boeing?said?on Tuesday it delivered 46 jets, the third-highest number in company history for that month, including 38 of the best-selling 737 MAX and five 787 Dreamliners. The total deliveries for December were?63, a drop from the?63 delivered in January. This is usually the busiest delivery month. Boeing beat Airbus in Europe, which delivered only 19 aircrafts last month. This included 15 of its A320neo jets, 3 A220s, and 1 A350. Wall Street is closely watching the delivery of jets to customers because they receive most of their payments when they do. Boeing had 107 net new orders for January and...

Ryanair, the European budget airline and jet engine manufacturer?CFM International announced a deal Tuesday that will support the Irish carrier in its plans to open up two engine maintenance shops. The agreement includes a steady supply of spare parts to ensure the availability of these parts for the next fifteen years. Ryanair CEO Michael O'Leary said at a press conference that the plants would likely be located in continental Europe, and that the first plant could open as soon as 2028. This will allow Ryanair to buy parts ahead of time, during a period when there are shortages across industries....

Executives and suppliers claim that even years after the pandemic the aviation industry still struggles to recover from supply disruptions. These have been made worse by the record passenger demand, and geopolitical issues. Airbus and Boeing have had to delay some deliveries because they are juggling the competing demands of new plane assembly, maintenance and repair for existing fleets. Jeffrey Lam, chief operating officer and President of ST Engineering, the largest provider of airframe maintenance and repairs in the world, said that prolonged supply delays and bottlenecks have become "the new norm". "We fear that this new standard will remain,...

China's military and aviation might was on display at the Singapore Airshow this week, attracting the attention of regional delegations. Beijing is stepping up its efforts to gain influence in Southeast Asia. The?U.S. The?U.S. military has shown its power in the past year with the precise extraction of Venezuelan president Nicolas Maduro, and a "major" naval buildup around Iran. Trump, however, has been vocal about his criticisms of certain U.S. Allies and imposed tariffs against them. This created an opening for China. While China's commercial and fighter aircraft are still far from being adopted by the international market on a...

Executives and suppliers claim that even years after the pandemic the aviation industry still struggles to recover from supply disruptions. These have been made worse by the record passenger demand, and geopolitical issues. Airbus and Boeing have delayed some deliveries 'because of the competing demands for new plane assembly, maintenance and repair for existing fleets. Jeffrey Lam, chief operating officer and President of ST Engineering, the largest provider of airframe maintenance and repairs in the world, said that prolonged supply delays and bottlenecks have become "the new norm". "We fear that this new standard will remain, which is totally unacceptable,"...

'Airbus's main aircraft?production goal hangs in balance, as the planemaker is still without a deal with engine manufacturer Pratt & Whitney. Industry sources confirmed this. They are stuck in a dispute about the allocation of engines to Airbus production lines versus?maintenance shops that service airlines. And they have not yet reached a vital engine supply agreement for 2026 and 2027. Airbus stated last month that engines from RTX owned Pratt & Whitney were "very,'very late". It had not yet reached an agreement with Pratt & Whitney for this year or next. Rick Deurloo said at the Singapore Airshow on Wednesday...

Tim Clark, Emirates' president, said that the airline would consider ordering a bigger version of the A350 if Airbus?moved forward with a new wide-body model. He reiterated calls for manufacturers and aircraft makers to make larger planes. Airbus announced in November that it was studying a so-called A350 2000 after Boeing agreed to examine a larger version its largest aircraft in production, the 777X as part of an agreement to secure?65 in new orders for the delayed plane. A larger A350 could potentially overtake the A350-1000 – currently the largest model Airbus’ portfolio – which Emirates has refused to purchase...

Belgian postal operator Bpost, publishers DPG Media, Mediahuis and distributor PPP were 'held liable' for rigging public procurements for newspaper distribution, said the Belgian Competition Watchdog on Friday. Bpost, who had notified the authorities following an internal audit in 2022 that revealed signs of malpractice, would receive full immunity from any fines as part of a leniency program, said the regulator. The investigation cost Dirk Tirez, the then-CEO of the postal group, his job. In a press release, the regulator stated that the common goal of the companies was to make sure that bpost would receive the newspaper distribution concession...

Belgian postal operators Bpost and DPG Media, as well as Mediahuis, were 'held liable' for rigging public procurements?for distribution of newspapers. This was announced by the Belgian competition watchdog on Friday. Bpost, who had notified the authorities following an internal audit in 2022 that revealed signs of malpractice will be exempt from all fines as part of a leniency program, according to the regulator. Dirk Tirez's job was ultimately cost by the investigation. The regulator stated in a?press?release that the common?objective was for the companies to work together in order to make sure that bpost would be awarded the 2023-2027...

The companies announced on Monday that a consortium led by FedEx investors and InPost investors had agreed to purchase the parcel locker business in a deal worth 7.8 billion euros ($9.2 billion). This will allow InPost to expand its reach throughout Europe, while giving FedEx the opportunity to access the locker network. The 15.60 euro offer price per share is a 17% premium over InPost's Friday closing price, but below InPost 2021 IPO's 16 euros. The Amsterdam-listed shares opened at a 14% increase, trading at highs of May 2025. Hein Pretorius is the chair of InPost’s supervisory board. He told...

These are the most popular stories from the Wall Street Journal. These?stories have not been?verified and we cannot vouch for the accuracy of these stories. A consortium consisting of the U.S. private equity firm Advent International, the logistics company FedEx and investment companies A&R & PPF have agreed to buy Polish parcel delivery provider InPost. The deal is worth $9.22 billion. Innovent Biologics, a Chinese drugmaker, has partnered with Eli Lilly to develop a new treatment that could earn?upwards of $8.5 billion through milestone payments. - Grocery giant Kroger is planning to hire Greg Foran as its new chief executive....

InPost, a parcel?locker provider, reported on Wednesday that its fourth-quarter delivery volumes rose by a record?30% compared to the previous year. The company said that the growth was due to a strong business-to consumer growth, and momentum on its international markets. This was supported by strategic acquisitions made in Britain and Spain. InPost?also?said a special comittee continues to evaluate the?indicative?offer for all of its shares that it received from a?party unnamed, as announced on?6th January. The company reported that in Poland, the fourth-quarter volume rose by 5%, reaching a record high of 220.2 millions parcels. This was largely due to...

European shares rose?on?Tuesday, with indexes from Germany and Spain reaching record highs. Investors were confident about the economy despite increasing geopolitical tensions. STOXX 600, the pan-European stock index, ended 2018 with its biggest gain since 2021. This was largely due to falling interest rates and increased defence spending. Analysts say that while returns this year may not be as great, there is still room for growth. Matthew Sherwood is a senior global economist with Economist Intelligence Unit. There's still a cautious optimism. There are also things in motion that support growth. Goldman Sachs increased its 12-month target price for the...

InPost, a parcel locker company, said that it received a proposal on Tuesday for the potential acquisition of its entire shares. This pushed its share price sharply upwards. InPost declined to disclose the identity of the person who approached them, and said that it was not certain that the proposal would lead to a deal. The spokesperson for the company declined to comment. The company has never publicly stated that it was looking for a purchaser. InPost shares were up 16% as of 0823 GMT,? bringing the market value to approximately 6.7 billion euro ($7.86billion). On Monday, the company's stock...

The European stock market remained stable on Tuesday after a strong surge in the previous session. Higher precious metal prices lifted stocks of basic resources. The rally has remained resilient, as investors continue to rely upon expectations of economic strength despite increasing geopolitical tensions after U.S. attacks on Venezuela. The pan-European STOXX 600 index has gained 0.3% by 0814 GMT. This is a day after gains from defence and energy shares have propelled the index past 600 points for the first time. The index of basic resources rose by 1%, due to the higher price of precious metals. The?DAX in...

The British team announced on Tuesday that Scottish rider Oscar Onley would join INEOS Grenadiers at the start of the?2026 season, after he had agreed to a transfer from Dutch outfit Picnic 'PostNL. The Kelso 23-year old has been one of the brightest cycling talents since turning pro at 19. He underlined his potential with a 4th-place finish in this year's tour de France, the youngest rider among the top 10. Onley stated in a press release that he was "proud" to join the Grenadiers for a long time. It will also be a British team that races when the...

The European Finance Ministers agreed to move forward the customs duty on low-value parcels until next year to combat cheap Chinese ecommerce imports through online platforms such as Shein and Temu. The European Union has taken action to address the concerns of Europe about cheap imports from e-commerce. What is the problem? For parcels of e-commerce arriving in the EU, there is a "de minimis exemption" from customs duties. Customs exemptions allow online platforms such as Shein, Temu and AliExpress to deliver clothes, accessories, and gadgets directly from Chinese factories to consumers at a rock-bottom price. Last year, the number...

InPost, a Polish parcel locker company, reported on Friday a 24% increase in its core earnings for the third quarter. However, it lowered its expectations for the full year citing increased investments in Britain. Analysts had expected a quarterly adjusted earnings of 1.02 billion zlotys, or $291 million. InPost now expects to see its adjusted EBITDA grow by a midteens percentage, as opposed to its previous forecast of a low to midtwenties percent growth. The forecasts of annual group revenue and volume remained unchanged. In the third quarter of 2018, the company delivered 351,5 million parcels. This is a 34%...

Bpost, the Belgian postal service, reported a surprise operating loss in its third quarter, due to seasonal weakness, and lowered its capital expenditure guidance for this fiscal year. The adjusted loss before taxes and interest was $3.5 million, compared to the profit of $10.3 million euros from a year ago. Analysts surveyed by the company expected a adjusted operating profit to be 6.7 million euro. The company reduced its forecast for gross capital expenditures to 140 million euros from 180 million euros earlier, and stressed the importance of disciplined spending in a gradual approach toward 2026. In a press release,...