Benelux

Europe's air travel regulator on Thursday linked a recent engine fire on a Cathay Pacific Plane A350 to a possible problem with the maintenance of its RollsRoyce engines. The European Union Aviation Security Agency (EASA) previously this month bought airlines to carry out visual examinations on Rolls-Royce XWB-97 engines after the occurrence including a. Zurich-bound Plane A350-1000 on Sept 2. In-service and in-shop examinations since then have. determined that a particular cleaning process available during. engine repair may lead to sustain manifold primary fuel hose pipe. degradation, the company stated in a declaration. The statement came after Hong Kong detectives....

A probe by Hong Kong's air travel mishap examination company exposed Cathay Pacific's. Airplane A350 engine stopped working inflight due to a. damaged fuel hose which also revealed indications of a fire, the. firm's report stated on Thursday. Hong Kong's Air Accident Investigation Authority (AAIA). found a burst fuel hose pipe in the second engine of the Cathay. Pacific-operated A350 jet, with five extra secondary fuel. hoses likewise showing signs of wear and tear. Paired with other contributing elements, such as the. existence of oxygen and an ignition (heat) source, this could. lead to a fire that could spread to...

China Advancement Bank Financial Leasing said its aircraft renting system would purchase 50 Boeing 737 MAX 8 jets, in an increase to the planemaker that has been grappling with a slowdown in Chinese orders and a. strike by factory workers. Publicly disclosed Boeing aircraft purchases by Chinese. consumers had slowed significantly because Sino-U.S. trade. relations weakened in 2018 and the maker handled a. lengthy return to service for limit in China after two fatal. crashes. The order for 50 MAX jets is the biggest by a Chinese. customer considering that China Southern Airlines ordered the. same variety of MAX airplanes...

Ryanair has actually seen better momentum in bookings given that last month and less require to cut costs, CEO Michael O'Leary told Reuters on Tuesday, adding that yearly profit was most likely to be slightly down on in 2015 but remained extremely strong. His remarks provided reassurance after a tough few months for the industry. Shares in Ryanair spiked higher, also giving a. improve to rival European airline company groups including easyJet. , IAG, the owner of British Airways, Air. France-KLM and Lufthansa. We think we are past the worst of the 'fare scare' which. hit European airline companies this...

Space launch company Arianespace on Monday declared plans to stage the second objective of Europe's Ariane 6 launcher before the end of the year after a glitch that spoiled the inaugural launch was traced to an quickly fixable software fault. Following prolonged delays, Europe's most recent uncrewed rocket blasted off on July 9 and successfully performed a series of trials. However the mission ended with the launcher cruising in orbit without releasing its last batch of payloads. Arianespace CEO Stephane Israel said the failure to phase a. third shooting of the upper-stage Vinci engine, which led to. the final releases...

Boeing's. initially strike in 16 years might even more compound global shortages. of jetliners that have actually been rising airfares and requiring. airline companies to keep older jets flying longer, industry executives. and experts said. The U.S. planemaker's West Coast workers went on strike at. midnight on Friday after extremely turning down an agreement. offer, stopping production of Boeing's workhorse 737 MAX. It is Boeing's descent on given that 2008, and Boeing Chief. Financial Officer Brian West warned a prolonged walkout could. hurt output and threaten our healing. Boeing is a systemically important business for worldwide. aviation, Ross O'Connor, chief...

Avia Solutions Group, which leases airplane and supplies related services, expects leasing rates to remain high for at least two more years, Chairman Gediminas Ziemelis stated on Friday, permitting the group to additional broaden and increase profits. Lease rates have actually increased around 20-22% from pre-COVID 19 levels as airlines have taken fewer deliveries of brand-new aircraft and significantly extend leases on their fleets, Ziemelis stated in an interview. Production hold-ups by aircraft producers have actually boosted carriers' need for rented planes to fulfill a spike in travel need. The need to service older airplanes and for additional pilots and...

Issues over a broader conflict in the Middle East have prompted international airlines to suspend flights to the area or to avoid affected air space. Below are a few of the airline companies that have actually changed services to and from the area: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon till further see. AIRBALTIC. Latvia's airBaltic cancelled flights to and from Tel Aviv till. Sept. 15. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv until Oct. 26. The Franco-Dutch group's low-priced system Transavia cancelled. flights to and from Tel Aviv till March 31,...

All flights to and from Belgium's Charleroi airport, a major center for budget airline company Ryanair, were cancelled on Friday for a second day as the airport's employees continued to strike. A joint union strike has been announced at Charleroi airport. All flights set up for this Friday are cancelled, Charleroi Airport said in a statement, advising guests to not go to the airport but to contact their airline. According to its website a minimum of 87 flights were meant to depart from the airport on Friday and 6 of those would depart from Brussels Airport instead, about 70 km...

Concerns over a broader dispute in the Middle East have actually triggered international airlines to suspend flights to the region or to prevent affected air area. Below are some of the airline companies that have adjusted services to and from the region: AIR ALGERIE The Algerian airline company suspended flights to and from Lebanon till further notice. AIRBALTIC. Latvia's airBaltic cancelled flights to and from Tel Aviv until. Sept. 15. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv up until Oct. 26. The Franco-Dutch group's inexpensive system Transavia cancelled. flights to and from Tel Aviv till March...

Abu Dhabi's Etihad Airways plans to make its stock exchange launching no quicker than 2025, two people familiar with the matter stated, in potentially the first IPO of a significant Gulf airline company as the UAE's capital ramps up effort to end up being a global travel center. Etihad, owned by sovereign wealth fund ADQ, had thought about listing this year, the people said. Nevertheless, it wants to present investors with 2024 monetary outcomes that will reveal a strong performance, one of individuals said. Geopolitical instability in the area has likewise weighed on timing, the 2nd person stated. ADQ decreased...

The head of European planemaker Airbus said novel openrotor technology being evaluated by engine maker CFM International provides promising effectiveness and decreases in emissions but the jury is out on whether it will be commercially practical. President Guillaume Faury also informed reporters on the sidelines of the Global Aerospace Summit, hosted by the U.S. Chamber of Commerce, that shipment of the present generation of LEAP engines constructed by CFM International continue to be late. They are late in their deliveries, he said. CFM had no immediate remark. In July, the world's largest planemaker provided a revenue alerting and decreased its...

A company managed by personal equity company Introduction International has actually put an about 4%. stake in parcel locker company InPost for 340 million. euros ($ 375.56 million) to institutional financiers, a bookrunner. said on Wednesday. Arrival's business AI Prime & & Cy S.C.A. used 20 million. InPost shares through an accelerated placement at 17 euros per. share, a discount rate of 7.6% to Tuesday's closing rate. AI Prime's ownership in InPost will have to do with 11% once the. offer is concluded on Friday, and remaining shares held by AI. Prime will undergo a 60-day lock-up duration. Arrival had...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. U.S. PRESIDENTIAL DEBATE Democratic Vice President Kamala Harris pushed Republican Donald Trump to the back foot at a heated presidential debate on Monday, with a series of attacks on his abortion restrictions, fitness for office, and his many legal problems. Both candidates were looking for a moment that would change their campaign in a closely contested election. AIRBUS: The head of European aircraft manufacturer Airbus stated that the novel open-rotor engine technology being tested by CFM International promises efficiencies and...

U.S. planemaker Boeing has prevented a possible strike after reaching a tentative labor offer with a union representing more than 32,000 workers in the U.S. Pacific Northwest, the latest in a series of labor negotiations that brought doubledigit wage boosts in spite of a tight labor market and stubborn inflation. Here are some sectors and companies that dealt with hard settlements in 2023: MEDIA. Members of the Writers Guild of America (WGA) approved a new. three-year agreement with major studios on Oct. 9. Movie and. television writers had walked off the job in May over. settlement, staffing and residual payments,...

Parcel locker business InPost reported a rise of 29% in secondquarter revenues on Friday, exceeding expectations, as it delivered more parcels in its home market Poland and abroad. Changed earnings before interest, tax, devaluation and amortisation (EBITDA) were 887.3 million zlotys ($ 230.35. million) in the quarter, compared to the 827 million zlotys. expected by analysts in a company-compiled agreement. InPost has actually regularly posted strong results assisted by the. appeal of its automated lockers in its domestic market. Poland, a pandemic-driven boom in online shopping, and. international expansion. It confirmed it expects 2024 parcel volumes to. outperform the market...

Polish billionaire Rafal Brzoska and his partner plan to take legal action against Meta over fake advertisements on Facebook and Instagram that function his face and false information regarding her flowing on the social networks platforms. Brzoska stated they have actually not yet selected a jurisdiction to submit the planned lawsuit, which would be another in a series of attempts internationally to hold the internet huge liable for advertisements that keep appearing even after users notify the business about issues. A Meta spokesperson stated the business gets rid of incorrect advertisements from its platforms when it finds out about them,...

Polish billionaire Rafal Brzoska and his spouse plan to take legal action against Meta over phony advertisements on Facebook and Instagram that include his face and false details concerning her distributing on the social media platforms. Their relocation would be another in a series of quests started internationally to hold the web huge responsible for advertisements that keep appearing regardless of users notifying the business about problems. Brzoska, the creator and the most significant investor of Polish parcel locker business InPost, said he informed the company of the issue start of July, but it stopped working to find an option....

Dutch postal firm PostNL reported secondquarter parcel volumes listed below market expectations on Monday, struck by a damaging shift in the rate mix and weather that negatively affected the ecommerce market. PostNL provided 92 million parcels throughout the quarter, around 6% more than in 2015, however listed below the 7% increase expected by experts. Expense increases put pressure on our results as prepared for, CEO Herna Verhagen said in a declaration. PostNL, which delivers parcels and letters across Belgium, the Netherlands and Luxembourg, stated it still expects its normalised profits before interest and tax (EBIT) to come in between 80...

World markets steadied on Tuesday as investors looked beyond Joe Biden's exit from the U.S. governmental race, turning their focus to business profits and financial information. Biden's exit from the race has cast some doubt over a. Republican politician victory under Donald Trump and could see financiers. loosen up trades betting that such a win would add to U.S. financial. and inflationary pressures. Vice President Kamala Harris will campaign in the. battlefield state of Wisconsin on Tuesday as the Democrats's. presumed candidate. The pan-European STOXX index was up 0.2%, while. U.S. stock futures were down 0.1% following a 1.1% increase....

Providers from airline companies to health care, shipping and finance were returning online on Friday after a mistake in a security software update stimulated hourslong international computer system systems blackouts, another incident highlighting the vulnerability of the world's interconnected technologies. After the outage was fixed, companies were dealing with backlogs of delayed and canceled flights and medical consultations, missed orders and other issues that could take days to resolve. Businesses likewise deal with concerns about how to prevent future blackouts activated by technology indicated to protect their systems. A software update by worldwide cybersecurity firm CrowdStrike , among the largest...