Europe

Airline executives warned Boeing and Airbus on Monday not to rush into a 'new genration of commercial jets' without making sure their technology was mature enough. Paul Kent, Chief Commercial Officer at BOC Aviation told the Airline Leaders Summit at the Farnborough Airshow that he was not interested in seeing a new narrowbody by 2030. Kent said: "When you launch an aircraft, but they aren't mature when you start, and then you develop that maturity by introducing the program, you will need to continue to run it for many years to make it economically viable." Michael O'Leary warned Ryanair's CEO...

Ryanair CEO Michael O'Leary stated on Monday that an initial investigation into the incident where a passenger was partially sucked out of a broken window in a 'Boeing' 737 suggested "foreign objects damage", and not an issue with age or maintenance conditions. According to video footage and the Federal Aviation Administration, the U.S. National Transportation Safety Board has begun an investigation into the incident that occurred on July 10, when a piece of engine broke away from the aircraft, shattered the window, and happened shortly after takeoff. The plane was headed for Germany when it lost pressure. It made an...

Riyadh Air, Saudi Arabia's national airline, placed orders for 34 widebody planes with both Boeing and Airbus. The company is accelerating its plans to reach more than 100 destinations before 2030. The airline announced that it would exercise options on 28 Boeing 787 Dreamliners placed in 2023, and convert '20 of these options to the larger 787-10 version. Separately the 'carrier' confirmed the purchase six Airbus A350 1000 aircraft. This confirmed previously held purchase rights, and brought its total confirmed A350 1000 orders to 31 aircraft. The orders are the first announced at the Farnborough Airshow this year. Riyadh Air...

Prologis, the U.S.-based warehouse company, said that Segro had rejected its latest PS13.5billion ($18.17billion) takeover offer. It urged its British rivals' shareholders to press for Segro's board's involvement before a formal deadline. Segro's Board unanimously rejected the proposal, Prologis' third on July 17. Prologis stated that the bid valued Segro at PS9.93 a share and consisted of 0.0890 Prologis shares per Segro share, plus a partial 'cash alternative' of up to PS2.7billion. The latest offer is close to 34% higher than the closing price of the group on June 23, one day before Prologis made its interest public. Prologis said...

Ryanair warned on Monday that the average summer fare was likely to be lower than last year due to the uncertainty surrounding the Iran War, and that the airline's after-tax profits for the April-June quarter were below analyst expectations. Europe's biggest airline by passenger number reported an after-tax income of EUR538m ($615.6m) for its fiscal first quarter ending June 30 compared to a forecasted EUR579m in a poll of analysts. Citi analysts said in a note that the airline's shares looked likely "to open down a low-mid-single-digit-%" ?following the miss. FARES 'TRENDING MODERATELY DOWN Michael O'Leary, Chief Executive Officer of...

Ryanair warned that the 'average summer fares' would be a modestly lower than last year due to uncertainty surrounding 'the Iran war, while after-tax profits for the low cost airline April-June quarter fell below analyst expectations. The largest airline in Europe by passenger count reported an after-tax income of EUR538 millions ($615.6) for the?fiscal quarter ending June 30. This was compared to a 'forecast' of EUR579 from a poll of company analysts. Ryanair warned that fares may be flat between July-September in its last quarterly results, released in May. Michael O'Leary, Chief Executive of Irish Airlines, said that the first-quarter...

CFM International, a jet engine manufacturer, announced that it had received approval from the U.S. as well as?Europe for an upgrade to improve 'durability of engines utilised on Boeing 737 -MAX -jets. The "durability kit" will be available for LEAP-1B engine models that are powered by Airbus A320neo jets, which use the LEAP-1A model. CFM executives said in a press briefing before the Farnborough Airshow that it would double "time on wings" or gaps between critical repairs, especially for hot and harsh environments such as?the Middle East or India. In recent years, long waiting times for repair have been a...

Prime Minister Andris Kubergs said that the Latvian government was in talks with a strategic investor to help airBaltic. The carrier is trying to stabilize its finances and avoid default. These comments are made ahead of a meeting on August 3, at which airBaltic - in which Lufthansa Germany has a minor stake - will ask bondholders for short-term funding. Kulbergs said in an interview with the?widely-reaching Kulbergs on Thursday that they were talking to a serious company. He declined to identify it. "It's a matter of executing this summer... We have to take the necessary steps to prepare the...

Air China and Shenzhen Airlines, China's flag carrier, will purchase 55 -Airbus aircraft at a list price of $12,4?billion. The move is part of the Chinese flag holder's efforts to modernise and expand its fleet. Air China has agreed to purchase 15 A350-900 wide body jets. Shenzhen Airlines, on the other hand, will buy 40 narrow-body A320neo family aircraft. This is according to an Air China filing with the Shanghai Stock Exchange. Delivery of the A350-900 jets is scheduled between 2030 and 2032. The A350 900 jets are valued at about $6.09billion based on Airbus list prices for January 2025....

As security threats spiral, defence is expected to be at the forefront of Britain's Farnborough Airshow. Aerospace and arms makers are struggling to keep up with demand for weapons and cement a fragile recovery in civil jet and engine production. The Ukraine war is in its fifth year, and the Gulf ceasefire has been shattered. These risks are likely to push the annual competition between Boeing and Airbus over commercial jet orders in the July 20-24 trade show down the pecking-order. Air Chief Marshall Harv Smyth of the Royal Air Force told the International Air Chiefs Conference before the show...

The U.S. National Transportation Safety Board announced Thursday that it will be leading the investigation into a recent incident where a passenger was partially sucked from a Ryanair Boeing 747's broken window in Greece. The NTSB stated that Greece delegated to it the leading role in the investigation. According to the Federal Aviation Administration and video, a piece of engine fell off the Boeing 737 NG shortly after takeoff from Thessaloniki, Greece on 10 July. The plane was headed for Germany when it lost pressure and had to make an emergency landing. Ljubisa karovic, a Serbian national, was pulled from...

Argentina fans bought flights to the United States within hours of the national carrier putting on special services for the Sunday World Cup final in New Jersey against Spain. This shows that Argentina is willing to pay almost any price to support the defending champions. Aerolineas Argentinas, a state-run airline, said that two special Buenos Aires to New York flights released on Wednesday evening had sold out by the morning of Thursday. The flight was priced at $5,000 for economy class and $10,000 for business class, which is far higher than the usual fares. Spain won a 2-0 victory over...

Portugal and Morocco said they would ask the European Commission to consider funding a long-promised power interconnector that connects the two countries. They will also explore private sector investment. The crippling power "blackout" in Spain and Portugal that occurred in April 2025 revealed the Iberian Peninsula’s limited electrical links with Europe. This helped revive plans for the Portugal-Morocco connection first studied in 2018. Iberia only has 3% of its total electricity capacity interconnected with neighbouring European countries. This is well below the EU's target of 15% for 2030. A link to?Morocco could strengthen the energy security of Portugal, which is...

Houthis, who are allied with Iran, in Yemen, will blockade Saudi Arabia's maritime traffic, they announced on Monday. This would further restrict a global market for energy, which is already severely restricted due to Iran's closing of the Strait?of Hormuz. Why it matters, and what it means to the Iran War and the global energy crises: How big is the risk to global energy markets? It's not clear what the Houthis will do to blockade Saudi Arabia along the Red Sea Coast, their northern neighbor. Or if they would return to attacking shipping. Yemen is located on the strait of?Bab...

CPC announced on Sunday that two?oil tanks were attacked by a gang of armed men at a terminal near the Black Sea coast in?Russia. Oil loadings have been suspended. CPC reported that the ASIA and NISSOS tanks were attacked during loading operations. CPC said that the ASIA tanker caught on fire and was put out. CPC employees and contractors were not injured or killed. CPC confirmed that there was no oil spill, adding that the tankers were still afloat. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their...

The energy ministry announced on Friday that Azerbaijan’s oil and condensate production fell from 13.7 million metric tons in the same period last year to 13.3 millions metric tons in this time frame. Azerbaijan’s gas production from January to June increased to 25.4 billion cubic meters from 25.2 billion cube metres in the same period last year, while oil exports fell to 10.2 millions tons from 11.6million tons, according to the report. BP, a British company, reduced its Azerbaijan oil?production to?7.9 millions tons from 8.0million tons a year ago. Gas exports into Europe dropped to?5.9 billion cubic meters from 6.1...

CPC reported that two drones attacked and damaged an oil tanker, which was chartered to load oil at the Caspian Pipeline consortium terminal near Russia's Black Sea coast. ExxonMobil was said to have chartered the Suezmax class Nordic Zenith. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their attacks on shipping in the Black Sea and Azov Seas. This marks a new phase in a war which has been fought mainly on the ground. CPC stated in a press release that a fire had broken out on the...

At least two people have died in violent thunderstorms that hit France overnight after a prolonged heatwave. French media and the local grid operator Enedis reported that 53,000 households had no power on Friday. * A woman was killed in Saint-Victurnien in central Haute-Vienne after a tree fell on her Thursday evening. In 'Dolomieu, to the east, a man died late Thursday night after a lightning strike ignited a fire in a workshop. Enedis, the grid operator, said that on Friday 53,000 households had lost?power. The cuts were mainly in the Auvergne-Rhone-Alpes region in the 'Southeast' and in Nouvelle Aquitaine...

These are the most popular stories from the Wall Street Journal. The?has not checked these stories or?cannot?guarantee their accuracy. Databricks, a provider of data analytics, has raised a round of strategic funding valued at $188 billion. The U.S. Food and Drug Administration announced that Taco Bell owned by Yum Brands would stop using shredded iceberg sourced from a supplier that has been linked with a parasitic outbreak causing a severe form of diarrhea and vomiting. Honda Motors will stop?the production?of its Prologue SUV, which is sold?in America?this?year. Honda Motors will not cancel sales immediately, but expects to continue them until...

Fuel shortages are affecting Russians in all 11 time zones. Ukrainian attacks on oil refineries have disrupted supply and caused long queues, high gasoline prices, and even rationing?in some regions. Fuel access has improved in Moscow and other cities, mainly due to measures such as increasing imports and clearing low-quality fuels for use. However, the situation in Russian-annexed Crimea is still tense. Fuel shortages began in June, when some regions began to restrict gasoline and diesel use. Here is the situation in some Russian regions: CENTRAL RUSSIA According to 'witnesses, local media, and service aggregators who monitor the availability of...

Trafigura has "walked away" from a proposed 2,050 megawatt transmission line that would have transported surplus hydropower in Angola to copper mines and cobalt deposits in Zambia and the Democratic Republic of Congo, according to two sources who are directly involved. This is one of three private-backed transmission projects, worth billions, that aim to supply electricity from Angola – which has an abundance of stranded hydropower – to vital minerals operations in neighbouring countries facing power shortages. Trafigura signed a non-binding agreement in July 2024 with the Angolan Government and engineering firm ProMarks to conduct feasibility studies. One industry source...

In the last two weeks, Ukrainian forces have intensified their attacks on Russia's infrastructure for energy. Fuel shortages are worsened by the drone attacks in Russia. People have reported high prices and long lines at fuel stations in most regions. Here is a brief summary of recent attacks, starting with the latest. SALAVAT According to industry sources, the Salavat Petrochemical Complex, located in Bashkortostan's Urals region, stopped operations on July 14th following an attack by a Ukrainian drone. A fire broke at the Afipsky refinery, in southern Krasnodar Region of Russia. The cause was drone debris that fell from the...

The main Ukrainian farmers' union has said that Ukraine has lost a third of its ability to export grain via its Black Sea ports because of the 'intensifying' Russian missile and drone strikes. Ukraine has been at war with Russia for more than four years, but agricultural exports such as grains and vegetable oil remain its biggest source of foreign exchange earnings. More than 90% are shipped through three ports located in southern Odesa. Odesa ports handled about?6 millions metric tons per month of cargo under a deal that allowed both countries to ship grains through the Black Sea. Moscow...

At least two people were arrested on suspicion of starting the fire in a forest near Paris. Laurent Nunez, Interior Minister, said on Monday evening that "it is not under control." The main fire in Fontainebleau, and a second one that began nearby on Monday afternoon, had scorched over 1,300 hectares (3.212 acres). Nunez said the fire was only a few kilometers away from the Palace of "Fontainebleau", which explained the deployments of significant resources, such as water-carrying aircraft and helicopters. Canadair's aircraft skimmed across the River Seine on Monday to fill up their fuel tanks in an attempt to...