Airbus is unable to meet the demand for its popular narrow-body aircraft. The company has been forced to turn down aircraft orders because of the size of its backlog and full delivery skyline. In an interview at the Farnborough Air Show, Airbus CEO Guillaume Faury said “today we have to refuse orders because we are not able to deliver in the time frame that is requested. So if there’s a bit of softening of the market, that’s no problem for us.”

Airbus turns down orders as backlog extends

South Carolina State

The troubled Boeing Corporation received good news: The company revealed it would resume full production of its 787 model and expects suppliers to catch up by year’s end. Both Boeing and its chief rival, Airbus, have had trouble meeting production quotas as airlines have reacted to the increase in travel demand by ordering more airplanes. In Boeing’s situation, the company hasn’t been helped by the ongoing questions about production and safety value for this year.

Boeing to Restart Full Production of 787 Plane

- Advertisement - The Korean flag carrier on Monday inked a memorandum of understanding with the U.S. plane maker to buy 20 777-9s and 20 Boeing 787-10s, with the right to buy 10 more 787-10s later on. The size of the deal is reportedly around 30 trillion won, the carrier’s...

Korean Air fleet to soar with $22 billion order for 50 Boeing airplanes

Reuters

SAO PAULO (Reuters) - Brazilian planemaker Embraer on Thursday opened a maintenance hub for Pratt & Whitney (P&W) engines in Portugal, which it expects to bring in an additional 600 million euros ($653 million) in revenues per year once fully operational.

Embraer opens P&W repair hub as demand for engine maintenance rockets

(Reuters) - Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday. The group is one of the first airlines to disclose a cost linked to the disruption.

Global tech outage to cost Air France KLM close to $11 million, says CFO

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

MILAN (Reuters) - Stellantis (NYSE:STLA) is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who...

Stellantis ready to axe brands and fix US problems, CEO says

West Virginia State

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Norfolk, VA

Cheryl E Preston

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

Colorado State

(Reuters) -The proposed $25 billion merger of Kroger (NYSE:KR) and Albertsons (NYSE:ACI) has been halted until the Colorado District Court rules on a lawsuit filed to block the deal that is expected to push up grocery prices, State Attorney General Phil Weiser said on Thursday. "The trial is set to...

Kroger, Albertsons $25 billion deal halted until Colorado trial in September

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Maine State

Southwest Airlines has experienced three incidents in the last few months in which Boeing 737 MAX 8 aircraft have unexpectedly descended to low altitudes on their landing approaches. Three unsafe approaches, the first at Oklahoma City, the second off the coast of Hawaii, and now a third on approach to Tampa Bay raises questions regarding Southwest’s operation of the 737 MAX 8.

Third Southwest Airlines descent raises alarms

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Investing.com - The California Supreme Court upheld the constitutionality of Proposition 22 (Prop 22) on Thursday, the voter initiative that allows gig economy companies like Uber Technologies Inc (NYSE:UBER), LYFT Inc (NASDAQ:LYFT) and DoorDash Inc (NASDAQ:DASH) to classify their drivers as independent contractors rather than employees. Analysts from Jefferies have...

California Supreme Court upholds Prop 22: Effects on Uber, Lyft, DoorDash

Insider

Airlines have been forced to seek alternative revenue opportunities as tough economic conditions reduce profits despite record travel demand.

It's the end of budget airlines as we know them

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

The U.S. gross domestic product (GDP) expanded at an annualized rate of 2.8% in the second quarter, which marks a massive jump from the 1.4% growth rate observed in the first quarter and much higher than the consensus of 2.0%. "While that handily exceeded expectations, we suspect that it may...

Citi sees Fed cutting rates at each consecutive meeting staring in September

Town Talks

Navigating North Carolina's Rules on Sleeping in Your Car. As night falls and exhaustion sets in during a long drive, the urge to pull over for a quick nap becomes strong. However, travelers on North Carolina’s highways should be aware that a roadside snooze might come with legal complications.

Is It Illegal To Sleep At A North Carolina Rest Area, Here is What You Need to Know

GE Aerospace announced that American Airlines has finalized an order for 180 CF34-8E engines plus spares to power its fleet of 90 new Embraer 175 regional jets. More than 7,500 CF34 engines are in service with more than 900 Regional and Business Jet operators globally. The CF34-8E has accumulated more than 40 million flight hours and 29 million cycles since entering service on the Embraer E170/175 in 2004. Today, the CF34 engine line, which includes -3, -8, and -10 models, powers more than 2,500 regional commercial aircraft.

American Airlines Orders 180 CF34 Engines

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Virginia State

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

NewsBreak

Embraer bumps up estimate for global traffic growth in next two decades

SAO PAULO (Reuters) - Brazilian planemaker Embraer expects global passenger traffic in the next 20 years to grow at a faster pace than it had previously...

Embraer bumps up estimate for global traffic growth in next two decades

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