Airbus SE – ReportWire

Airlines adopt software fix for Airbus A320 after plane has sudden altitude drop

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Airlines around the world canceled and delayed flights heading into the weekend to fix software on a widely used commercial aircraft after an analysis found the computer code may have contributed to a sudden drop in the altitude of a JetBlue plane last month.

Airbus said Friday that an examination of the JetBlue incident revealed that intense solar radiation may corrupt data critical to the functioning of flight controls on the A320 family of aircraft.

The FAA joined the European Union Aviation Safety Agency in requiring airlines to address the issue with a new software update. More than 500 U.S.-registered aircraft will be impacted.

The EU safety agency said it may cause “short-term disruption” to flight schedules. The problem was introduced by a software update to the plane’s onboard computers, according to the agency.

In Japan, All Nippon Airways, which operates more than 30 planes, canceled 65 domestic flights for Saturday. Additional cancellations on Sunday were possible, it said.

The software change comes as U.S. passengers were beginning to head home from the Thanksgiving holiday, which is the busiest travel time in the country.

A COMAC C919 aircraft flies during the first day of the Singapore Airshow in Singapore, Feb. 20, 2024. (AP Photo/Vincent Thian, File)

American Airlines has about 480 planes from the A320 family, of which 209 are affected. The fix should take about two hours for many aircraft and updates should be completed for the overwhelming majority on Friday, the airline said. A handful will be finished Saturday.

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American expected some delays but it said it was focused on limiting cancellations. It said safety would be its overriding priority.

Air India said via the social platform X that its engineers were working on the fix and completed the reset on more 40% of aircraft that need it. There were no cancellations, it said.

Delta said it expected the issue to affect less than 50 of its A321neo aircraft. United said six planes in its fleet are affected and it expects minor disruptions to a few flights. Hawaiian Airlines said it was unaffected.

Mike Stengel, a partner with the aerospace industry management consulting firm AeroDynamic Advisory, said the fix could be addressed between flights or on overnight plane checks.

“Definitely not ideal for this to be happening on a very ubiquitous aircraft on a busy holiday weekend,” Stengel said from Ann Arbor, Michigan. “Although again the silver lining being that it only should take a few hours to update the software.”

At least 15 JetBlue passengers were injured and taken to the hospital after the Oct. 30 incident on board the flight from Cancun, Mexico, to Newark, New Jersey. The plane was diverted to Tampa, Florida.

Airbus, which is registered in the Netherlands but has its main headquarters in France, is one of the world’s biggest airplane manufacturers, alongside Boeing.

The A320 is the primary competitor to Boeing’s 737, Stengel said. Airbus updated its engine in the mid-2010s, and planes in this category are called A320neo, he said.

The A320 is the world’s bestselling single-aisle aircraft family, according to Airbus’ website.

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Associated Press writers Mari Yamaguchi in Tokyo and Jennifer Kelleher in Honolulu contributed.

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November 29, 2025

FlyDubai orders 150 Airbus A321neo aircraft, expanding its fleet beyond Boeing for the first time

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DUBAI, United Arab Emirates (AP) — FlyDubai, the lower-cost sister airline to long-haul carrier Emirates, announced an initial order Tuesday for 150 Airbus A321neo aircraft at the Dubai Air Show — an estimated $24 billion purchase that will see the carrier for the first time expand its fleet beyond Boeing.

The deal would more than double FlyDubai’s current fleet of aircraft and the airline said it had options to buy another 100 A321neos. It also represents a major purchase for the airline as Dubai prepares across both carriers to expand as it builds a five-runway airport in this desert sheikhdom in the United Arab Emirates.

The A321neo is a mid-range, two-engine, single-aisle aircraft, matching the style of the Boeing 737s that FlyDubai has relied on since launching flights back in 2009. The airline currently has a fleet of 95 aircraft.

Airbus and FlyDubai declined to take questions from journalists at the announcement. Both firms referred to the order as a memorandum of understanding, signaling more negotiation are likely ahead before a firm deal.

“It’s an exciting step in expanding and diversifying our fleet and strengthening our longterm expansion plans,” said Sheikh Ahmed bin Saeed Al Maktoum, the chairman and chief executive of Emirates and chairman of FlyDubai.

Airbus also praised FlyDubai in the announcement.

“We’re very impressed with FlyDubai as an efficiency minded carrier that’s also offering a premium product,” said Christian Scherer, Airbus’ CEO of commercial aircraft.

At the last Dubai Air Show in 2023, FlyDubai made an $11 billion order of 30 Boeing 787-9 Dreamliners, which will be the first wide-body aircraft in its fleet when the airline takes delivery.

Abu Dhabi’s Etihad also makes an Airbus purchase

Earlier Tuesday, Etihad put in an order for 16 Airbus aircraft, part of expansion efforts as its economic fortunes improve.

Etihad’s order includes six A330-900s, seven A350-1000s and three A350F freighters, the two firms said at a news conference. They did not offer a cost for the deal. Airlines often negotiate lower prices in major orders.

Etihad made a record $476 million profit in 2024, part of a financial rebound for the Abu Dhabi-based airline. While still a slender profit compared to rival Emirates’ record profits of $5.2 billion in the last fiscal year, it continues a major turnaround for Etihad.

Abu Dhabi’s rulers launched Etihad in 2003, rivaling the established Dubai government-owned carrier Emirates, which boasts a larger fleet and a far-flung network.

Etihad struggled with its business plan and underwent cost-cutting measures even before the coronavirus pandemic. Since 2016, Etihad has lost some $6 billion as it has aggressively bought up stakes in airlines from Europe to Asia to compete against Emirates and Qatar Airways.

Emirates goes with Boeing 777-9

On Monday, Emirates ordered 65 of Boeing’s upcoming 777-9 aircraft worth at $38 billion at list prices.

Tim Clark, the president of Emirates, again acknowledged to journalists on Tuesday the delays that have plagued Boeing in getting the 777-9 to customers. However, he said he believed Emirates’ large purchase could see even President Donald Trump’s White House take note and push the manufacturer to finish the plane.

“I’m sure the White House will be leaning on Boeing to make sure it all works and they can get the things out of the doors quickly as they can, because it does mean jobs for everyone,” Clark said. “Particularly the 9X is going to be Seattle constructed, so all that sort of workforce in the northwest is almost secured now for decades.”

Boeing has faced billions in losses in recent years, as well as a slowdown in manufacturing off the back of the coronavirus pandemic, worker strikes and increased government scrutiny following two crashes of Boeing 737 MAX aircraft in Indonesia in 2018 and another in Ethiopia in 2019. A Boeing 787-8 passenger jet in India crashed in June, killing at least 260 people.

At Monday’s announcement from Emirates, Sheikh Ahmed said the airline expected to receive its 777-9 aircraft from Boeing beginning in “the second quarter of 2027.” Asked whether he thought Boeing would get the planes to Emirates then, Clark said: “We’ll see.” Clark has been repeatedly critical of Boeing’s delays.

Clark also acknowledged Emirates and FlyDubai would be able to rapidly expand its routes with new aircraft once the sheikhdom drastically expands Al Maktoum International Airport at Dubai World Central, where the air show takes place.

Dubai plans a $35 billion project to expand to five parallel runways and 400 aircraft gates, to be completed within the next decade.

“We’ll be able to reach any point on the planet,” Clark said.

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November 18, 2025

China’s C919 jet faces turbulent skies as US-China trade tensions add to delays

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HONG KONG (AP) — China’s ambition to challenge Boeing and Airbus with its own homegrown passenger jet is running into turbulence, with deliveries of finished aircraft likely to fall far short of its target announced for this year.

The C919 jet — a single-aisle passenger plane aiming to rival Boeing’s 737 and Airbus’ A320 – is made by state-owned aircraft manufacturer COMAC. Beijing is showcasing it as evidence of China’s technological advancement and progress in self-reliance, though it uses many Western sourced components.

Trade friction with Washington threatens to prevent COMAC from securing core parts for the program that has been supported by huge Chinese government subsidies.

“COMAC faces significant risk from the volatile policy environment, with its supply chains vulnerable to export restrictions and tit-for-tat measures between the U.S. and China,” said Max J. Zenglein, Asia-Pacific senior economist at The Conference Board think tank.

The C919 has 48 major suppliers from the U.S. — including GE, Honeywell and Collins — 26 from Europe and 14 from China, according to analysts at the Bank of America. Trump threatened to impose new export controls on “critical” software to China after Beijing imposed stricter export controls on rare earths.

“Existing choke points are being exploited in the deal making process between governments,” Zenglein said. “This is likely to continue as critical dependencies have become political bargaining chips.”

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Beijing has high hopes for the C919, which made its maiden commercial flight in 2023. The mid-sized jet is meant to help fill vast domestic demand for new aircraft over the next few decades. China hopes to expand sales beyond its borders and fly globally, including in Southeast Asia, Africa and Europe.

COMAC delivered 13 C919s to Chinese carriers last year and only seven as of October this year, despite plans to ramp up production and deliver 30 jets in 2025, according to the aviation consultancy Cirium.

China’s biggest state-owned airlines — Air China, China Eastern and China Southern — are the only commercial airlines currently flying a total of around 20 C919s.

Trade tensions between the U.S. and China have “directly affected” delivery schedules for the C919, said Dan Taylor, head of consulting at aviation consultancy IBA. For one, output plans were disrupted when the U.S. suspended export licenses for the jet’s LEAP-1C engines around May, resuming them in July, he said.

U.S.-controlled technology that needs export licensing for the LEAP-1C engines — jointly built by the U.S.’s GE Aerospace and France’s Safran -— means the C919’s engines require U.S. export clearance, Taylor said, making it “inherently sensitive to political shifts.”

“Engine and avionics dependence on Western suppliers continues to expose the program to policy decisions beyond COMAC’s control,” Taylor explained.

Geopolitical tensions alone are not the only cause for slower than expected production of the C919s. The program has been “marked by caution and prioritizing quality and safety, so there also may be some operational reasons for the slower production ramp up,” said Zenglein from The Conference Board.

While “it has always been the aim to reduce the reliance on foreign components as quickly as possible” for the C919, Zenglein said, many analysts say it is a challenging process. China’s own engine alternative — the CJ-1000A under development by state-owned Aero Engine Corporation of China (AECC) — is still under testing, according to IBA.

Several airlines outside of China, including AirAsia, have expressed interest in flying the C919, but a lack of international certification has so far prevented the C919 from flying beyond China. Certifications from the U.S. and the European Union’s aviation regulators could take years.

For the C919 to succeed, it “needs to have each one of three things: good economics, a prompt global product support network, and certification from safety agencies”, said Richard Aboulafia, managing director of AeroDynamic Advisory. “Any one of these three alone doesn’t mean much,” he said.

China will need 9,570 new passenger aircraft between 2025 and 2044, according to Airbus’ latest market forecast, more than 80% of them single-aisle jets like the C919.

COMAC’s faces a growing challenge from Airbus, which is expanding its manufacturing capacity in China. A second assembly line is due to begin operating in 2026, allowing Airbus to increase its production of A320 single-aisle jets in China – an aircraft model similar to the C919.

Analysts expect that it will take years for COMAC to break the Boeing-Airbus duopoly in global aircraft share. By the late 2020s, COMAC will likely grow within China and possibly establish regional exports, said IBA’s Taylor.

In the near term, a lack of international certification will be “delaying any meaningful Western-market entry” for the jet and export control volatility will likely continue to undermine its global expansion plans, Taylor added.

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October 28, 2025

Report finds a faulty component could have caused ‘extensive damage’ to Cathay Pacific jet

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HONG KONG (AP) — Hong Kong’s air safety authority said Thursday that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that caused a fire, forcing a Zurich-bound flight to return to Hong Kong, could have caused “extensive damage” to the aircraft.

The report on the Sept. 2 incident by Hong Kong’s Air Accident Investigation Authority said the steel braided sheath of a fuel hose connecting to a fuel spray nozzle was ruptured. Had the faulty component not been promptly detected and repaired, it could have escalated into a more serious engine fire.

A preliminary investigation found soot on a section of the aircraft’s core engine, indicating signs of a fire.

Five other fuel hoses in the Cathay jet also were found to have either “frayed metal braids or collapsed structures,” the report said.

Cathay Pacific said in a statement that it “acknowledged” the report.

“Following the incident, Cathay Pacific immediately contacted the aircraft and engine manufacturers as well as the regulator,” the statement read. “As a precautionary measure, it proactively initiated a fleet-wide inspection of its Airbus A350 aircraft that cleared the aircraft for operation.”

The engine fire aboard the Cathay plane caused cancellations of 70 flights and prompted inspections of the carrier’s fleet of 48 Airbus A350 jets. Other airlines, such as Japan Airlines, conducted inspections on similar models in their fleets following the incident.

The report released Thursday recommended that Rolls-Royce, which makes the Trent XWB-84 and XWB-97 engines that power Airbus’ A350 jets, provide information including the inspection requirements of the affected components “to ensure their serviceability.”

After the incident, the European Union’s Aviation Safety Agency (EASA) issued a directive requiring a one-time fleet inspection for some A350s after receiving safety recommendations from Hong Kong’s Air Accident Investigation Authority.

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September 26, 2024

Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries

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A Lufthansa Airbus A340-313 aircraft taxis at Los Angeles International Airport before departing for Frankfurt on May 5, 2024 in Los Angeles, California.

Kevin Carter | Getty Images News | Getty Images

Shares in Airbus fell by close to 11% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings.

Airbus on Monday said it was now expecting its adjusted earnings before interest and taxes to come in at around 5.5 billion euros ($5.9 billion), down from a previous estimate of 6.5 to 7 billion euros affirmed on April 25.

The company said it was now anticipating to deliver approximately 770 commercial aircrafts this year, compared to a previous outlook near 800. Airbus also delayed its target timeline for ramping up the production of its A320 aircraft.

Europe-listed shares in the company were down 10.85% at 11:37 a.m. London time.

Airbus

The guidance cuts are partly linked to supply chain issues in Airbus’ commercial aircraft business, the company said.

“Airbus is facing persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment,” the firm noted.

Airbus said it was also facing additional costs in its space systems division. It had recognized “commercial and technical challenges” in the business and was therefore recording charges of around 0.9 billion euros in the first half of 2024, Airbus said.

“These are mainly related to updated assumptions on schedules, workload, sourcing, risks and costs over the lifetime of certain telecommunications, navigation and observation programmes,” the company said.

Airbus’ half-year results are set to be released on July 30.

Earlier this year, Airbus’ operating profit for the first quarter came in weaker than expected, with CFO Thomas Toepfer at the time telling CNBC that company earnings were “not particularly strong.”

Airbus cuts its 2024 guidance for financial targets and deliveries

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June 25, 2024

Somali pirates are back on the attack at a level not seen in years, adding to global shipping threats

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PUNTLAND, SOMALIA – JANUARY 29: Puntland Maritime Police Forces (PMPF) are patrolling against the recently increasing pirate attacks off the coast in Puntland, Somalia on January 29, 2024. (Photo by Abuukar Mohamed Muhidin/Anadolu via Getty Images)

Anadolu | Anadolu | Getty Images

Somali pirates are back on the attack, with piracy around the Horn of Africa rising sharply in recent months and adding to concerns for shipping vessels, government forces and private security already locked in a battle in the Red Sea with Houthi rebels.

Over the past three months, there has been more piracy in the Horn of Africa region than at any point in the last six years, according to Royal United Services Institute (RUSI), an independent think tank, with high ransoms for seafarers or vessels, and robbing of ship passengers by pirates.

Piracy off the coast of Somalia had been on the decline in recent years after peaking in 2011 when Somali pirates launched 212 attacks. The United Nations Security Council (UNSC) passed seven resolutions targeting Somalia piracy between December 2010 and March 2022, permitting foreign naval and air forces to enter and patrol Somali waters and authorizing the European Union Naval Force Operation Atalanta, working with a U.S.-led task force, to use “all necessary means to repress piracy and armed robbery at sea.”

The cost of piracy to the global economy is a steep one. A 2013 World Bank study, still widelt cited today, estimated that piracy cost the global economy around $18 billion annually.

According to the UNSC, the anti-piracy measures in place to enforce the freedom of navigation off the coast of Somalia expired quietly after its last renewal for three months after December 3, 2021.

Since last November, merchant vessels have been the target of about 20% of Somali piracy-related incidents, according to Dan Mueller, lead analyst for the Middle Eastern Region for maritime security firm Ambrey. On December 14, The International Chamber of Shipping reported the hijacking of a Handymax bulk carrier, the first successful hijacking of a vessel off the coast of Somalia since 2017. The pirates have also been attacking fishing vessels, mostly Iranian, as well as many other small boats such as skiffs.

Ocean piracy is rising across the world

Data from 2023 shows that by many key measures, piracy is on the rise in key global shipping lanes.

There were 120 incidents of maritime piracy and armed robbery against ships reported in 2023, compared to 115 in 2022, according to the annual Piracy and Armed Robbery Report of the ICC International Maritime Bureau (IMB). The IMB also found increased threats to crew safety, with the number of crews taken hostage rising from 41 to 73 in 2023, and crews kidnapped from two to 14.

A spokesperson for the International Maritime Organization (IMO) which represents the seafarer spokesperson stressed to CNBC in an email, “The entire world depends on international shipping and seafarers, and therefore ships and cargoes should not be the subject of any type of attacks. The safety of seafarers are paramount – they are innocent victims who are simply doing their jobs in very harsh conditions.”

The UNSC did not respond to CNBC’s request for comment about reinstating anti-piracy resolutions related to Somalia.

The IMO said it is working very closely with countries in the region through the Djibouti Code of Conduct to address piracy and avoid any escalation, through capacity-building, national legislation, information sharing and regional coordination.

“We are also looking the possibility of updating the IMO guidance on piracy to take into account new threats and technologies that can affect the safety of seafarers,” said a spokesperson.

A 2010 photo of an armed Somali pirate keeping vigil on the coastline at Hobyo, northeastern Somalia, while the Greek cargo ship, MV Filitsa is anchored just off the shores of Hobyo where it was held by pirates after beimng captured some 513 nautical miles northeast of the Seychelles as it was sailing from Kuwait to Durban in South Africa loaded with fertilizer.

Mohamed Dahir | Afp | Getty Images

According to maritime security firm Dryad Global, shipping from the coast of the Horn of Africa to the coast of India is considered a “high risk zone.” There are 25 countries in the region with their naval forces, but given the size of the area, the numbers are not a sufficient guarantee of safe navigation.

A slight increase in piracy has also been recorded in the Gulf of Guinea on Africa’s West Coast, where 22 piracy incidents were recorded in 2023, compared to 19 in 2022, 35 in 2021, and 81 in 2020. According to the IMB, these waters accounted for three of the four globally reported hijackings, all 14 crew kidnappings, and 75% of reported crew hostages and two injured crew in 2023.

The Singapore Straits are another area of concern due to the high number of incidents in the region. While the IMB considers these incidents low-level opportunistic crimes, 95% of the reported incidents were successful.

“Crew continue to be harmed with nine taken hostage and two threatened. Guns were reported in three recorded incidents and knives in 15,” the IMB report noted.

Maritime security efforts

To help deter piracy and enhance maritime security, vessels deploy what’s called Best Management Practice (BMP) 5 when operating in the Red Sea, Gulf of Aden, Indian Ocean, and Arabian Sea.

“Private armed security teams have proven effective alongside BMP 5 measures,” Mueller said. “An adequate citadel has proven vital to enable the crew to remain safe until military responses can be coordinated.”

Citadels are a pre-determined fortified area on a vessel built to resist pirates from gaining entry for a period of time to protect a crew.

Dozens of companies in the maritime security space could see an increase in their business as the threats against commercial shipping widen. The size of the maritime safety market has grown to keep up with the flow of trade and will grow from $19.85 billion in 2023 to $21.18 billion in 2024, according to ResearchAndMarkets.com, and is forecast to reach $25.93 billion in 2028 at a compound annual growth rate of 5.2%. The list of major companies operating in the market of maritime safety systems includes several niche players as well as major industrials and defense contractors, such as Raytheon, Honeywell International, Elbit Systems Ltd., L3Harris Technologies, Lockheed Martin, and General Dynamics Corporation.

Mueller said the Indian Navy and Coast Guard along with the EU Operation Atalanta and national counter-piracy missions are active in the region where Somali pirates have attacked.

“Indian forces have successfully operated against PAGs [pirate action group] in four boarding incidents,” he said.

U.S. and allied defense

On February 1, the Biden Administration approved a $3.99 billion sale of drones and military equipment to India to be used to augment its maritime safety and surveillance. Included in the sale, according to the State Department: 31 Sky Guardian drones, 310 small-diameter bombs, 170 Hellfire missiles, and other related support equipment.

A spokesperson for the Atalanta anti-piracy effort based out of the Rota Naval Base, Spain, told CNBC via email that the coalition of maritime forces protecting against pirates around the Horn of Africa will be enhanced.

“In a week’s time, we will have additional ships and forces deployed to the area. We will do our utmost to continue fulfilling our missions, which include the fight against piracy and the protection of Word Food Programme vessels and all vulnerable vessels in our Area of Operations against these criminal networks,” the spokesperson wrote. “We will continue to work together with our international partners to maintain maritime security.”

Atalanta includes permanent flagship vessel ESPS VICTORIA and at certain periods of time, numerous other vessels to support the operation. EUNAVFOR currently has four more ships offering support: ITS Martinengo, FS Alsace, FS Languedoc, and ITS Duilio. The spokesperson said EU member state support allows the operation to increase the number of assets very quickly, if necessary.

In response to a question from CNBC about expanding Red Sea security coverage to the Somali Coast, a U.S. Navy spokesperson wrote, “To protect operational security and the safety of our service members, we do not discuss or forecast future operations or postures.”

“What we can tell you is that Operation Prosperity Guardian (OPG) is working with participating countries to utilize increased patrols in the Red Sea to offer reassurance to the shipping industry and protect maritime traffic,” the Navy spokesperson said.

In the Red Sea, the U.S. Navy is working with allies to increase efforts to prevent Houthi rebel attacks, which are continuing despite multiple U.S. airstrikes against Houthi targets. Much merchant vessel traffic is now taking the longer transit around the Cape of Good Hope instead of transiting the Red Sea. French ocean carrier CMA CGM is among firms to fully halt its Red Sea transits, according to a person familiar with the matter. It joins shipping giants MSC, Maersk, Hapag Lloyd and others who have earlier announced they were diverting away from the Red Sea. According to Kuehne + Nagel data, almost 100% of the former Red Sea traffic has been rerouted around the Cape of Good Hope.

The Houthis most recent attacks on commercial vessels in the Red Sea this week were against a commercial container vessel and a U.S.-owned bulker vessel carrying U.S. cargo. The Houthis have attacked commercial shipping a total of 39 times.

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February 6, 2024

Airbus Gets Order From Cathay Pacific for Six A350F Aircraft Worth $2.7 Bln

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By Adria Calatayud

Airbus and Hong Kong’s Cathay Pacific Airways have signed a purchase agreement for six A350F freighter aircraft with a basic price of $2.71 billion before price concessions, the companies said Friday.

Cathay said Airbus granted it significant price concessions which might be used toward the payment of the aircraft. The basic price comprises prices for airframe, optional features and engine, Cathay said.

The aircraft, expected to be delivered by the end of 2029, will expand Cathay’s cargo fleet capacity and will mainly serve long-haul destinations in North America, South America and Europe, it said.

Airbus said the A350F can carry a payload of up to 111 metric tons and can fly up to 4,700 nautical miles, or 8,700 kilometers.

Write to Adria Calatayud at adria.calatayud@dowjones.com

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December 7, 2023

5 things to know before the stock market opens Friday

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Here are the most important news items that investors need to start their trading day:

1. Steady as she goes

Stock futures were up Friday morning as the major indexes look for their third straight week of gains. Futures tied to the Dow Jones Industrial Average rose about 80 points, or 0.24%, while S&P 500 futures advanced 0.2%, and Nasdaq 100 futures were essentially flat. On the week, the Dow is up 1.9% through Thursday’s close, the S&P 500 is up 2.1% and the Nasdaq is up 2.3%. Follow live market updates.

2. Deflation nation

People shop in a holiday section ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California.

Mario Tama | Getty Images News | Getty Images

According to Walmart, Christmas may come relatively cheap this year. CEO Doug McMillon said alongside the company’s quarterly earnings report that the retailer expects to see lower prices in some general merchandise and key grocery items. “In the U.S., we may be managing through a period of deflation in the months to come,” he said. “And while that would put more unit pressure on us, we welcome it, because it’s better for our customers.” Shares of the big-box retailer fell 8% on the day following the cautious outlook.

3. Order up

A Boeing 777-9 jetliner aircraft is pictured on the tarmac during the 2023 Dubai Airshow at Dubai World Central – Al-Maktoum International Airport in Dubai on November 13, 2023.

Giuseppe Cacace | AFP | Getty Images

Aircraft manufacturer Boeing racked up 295 orders across four days of the 2023 Dubai Air Show, trouncing its French rival Airbus’ 86 orders, according to company reports and third-party tallies. Each year the Middle East’s largest aviation event comes flush with jet orders. This year’s buyers showed a particular appetite for wide-body planes, CNBC’s Natasha Turak reports. Boeing’s popularity at the show represents a notable rebound after years of safety concerns.

4. Done deal

United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan.

Bill Pugliano | Getty Images

Union workers at General Motors ratified a labor deal with the United Auto Workers, according to results posted by the union Thursday. With tallies from all local chapters in, the agreement received 54.7% of the nearly 36,000 votes cast. It came after a contentious final few days of voting, with several major plants rejecting the contracts. But enough workers at smaller facilities voted in support to seal up ratification. Union workers at Ford Motor and Stellantis are still voting on similar contracts. So far, those agreements have won the support of roughly two-thirds of each automaker’s voting population.

5. Debt relief

WASHINGTON, DC – OCTOBER 04: U.S. President Joe Biden delivers remarks on new Administration efforts to cancel student debt and support borrowers at the White House on October 04, 2023 in Washington, DC.

Kevin Dietsch | Getty Images

More student loan borrowers are walking away from their debt in bankruptcy proceedings — the result of a policy change by the Biden administration intended to help people who were saddled with debt and struggling financially. Ten months after the policy change, student loan borrowers have filed more than 630 bankruptcy cases, marking a “significant increase” from recent years, officials with the Biden administration said. “Our efforts have made a real difference in borrowers’ lives,” Associate Attorney General Vanita Gupta said Thursday. Outstanding student debt in the U.S. exceeds $1.7 trillion. Economists have said the swelling debt load could slow the U.S. economy.

– CNBC’s Brian Evans, Melissa Repko, Natasha Turak, Michael Wayland and Annie Nova contributed to this report.

— Follow broader market action like a pro on CNBC Pro.

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November 17, 2023

Morgan Stanley names cash-rich global stocks with ‘better downside protection’

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August 27, 2023

Boeing Stock Likes the Paris Air Show. There Is a Catch.

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Boeing Stock Usually Wins From the Paris Air Show. This Is the Catch.

Investors who are buying into the post-Covid recovery of commercial aerospace will get an important update about the industry, including the hot issues of sustainability and supply-chain snags, when the Paris Air Show kicks off on Monday.

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June 18, 2023

Air travel to be disrupted by ‘very frustrating’ supply chain issues, IATA’s Willie Walsh says

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Supply chain issues will impact air travel in 2023, IATA director general says.

Juliette Michel | Afp | Getty Images

Air travel will be affected by “very frustrating” supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year.

“[It’s] so frustrating, because it is going to have an impact in summer 2023. And we’re already seeing that,” Walsh told CNBC’s Dan Murphy.

Shortages will be particularly noticeable when it comes to engine parts, he added, which could then delay the delivery of new aircraft from manufacturers like Boeing and Airbus.

A shortage of planes has been a thorn in the side of U.S. airlines for months, with some now turning to bigger aircraft to accommodate more passengers as they try to balance strong travel demand with a lack of resources.

A scarcity of air traffic control staff is also likely to be a problem in 2023, Walsh said.

“The challenges we expect to see in the short term are outside of our control, and they principally relate to shortages, in resources in air traffic control,” Walsh said. “We’ve already seen restrictions on capacity in the United States [and] we’re seeing problems in Europe.”

A positive 2023

His comments come as airlines look set to return to profitability in 2023, having navigated a challenging post-pandemic period, with airports also scrambling to get back on their feet.

“Airlines and airports were criticized last year for not getting resources in place in time for the recovery,” Walsh told CNBC. “[But] I think the airlines have done their bit. Most airports I think are in good shape,” he added.

Walsh said he was “optimistic” for the industry as a whole, despite supply chain obstacles.

“Taking the overall picture into account … we can be positive about 2023 and beyond,” he said.

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June 5, 2023

Boeing Faces New 737 MAX Test After Deliveries Halted. The Stock Is Falling.

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It isn’t what investors want to hear.

Boeing

(ticker: BA) has run into a new problem with its 737 MAX jet. The issue will test investors nerves in coming weeks, and raise more questions about the company’s ability to increase production in 2023.

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April 14, 2023