
Riyadh Air Orders Up to 50 Airbus Widebody Jets
Riyadh Air CEO Tony Douglas discusses route changes in the Mideast from the Israel-Iran conflict, expresses '100 percent' confidence in the Boeing 787 Dreamliner aircraft, and offers details on the airline's order for 50 Airbus widebody jets. He speaks to Bloomberg's Guy Johnson from the Paris Air Show. (Source: Bloomberg)
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Bloomberg
11 minutes ago
- Bloomberg
Stocks Calm on Mideast De-Escalation Reports
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Relative calm returned to global markets, with stocks climbing and oil sinking as fears subsided that Israel's war against Iran would escalate into a wider conflict. And President Trump's family unveils a new Trump-branded mobile phone service called "T1 Mobile" that will rely on pre-existing wireless networks and hardware. And is manufacturing coming back to the US? We'll talk to the CEO of the manufacturing company Flex on what could be a factory revival in North America. (Source: Bloomberg)
Yahoo
20 minutes ago
- Yahoo
Saudi Arabia-based leasing company to buy 10 Airbus A350 freighters
AviLease, a startup aircraft lessor in Saudi Arabia, is entering the air cargo market with an order for 10 large Airbus A350 cargo jets. Airbus announced the deal at the Paris Air Show on Monday. The deal brings total Airbus orders for the next-generation A350 freighter to 73. AviLease has an option to purchase 11 additional widebody freighters at a later date. 'The addition of these latest generation aircraft enhances our ability to offer modern, fuel-efficient fleet solutions to our airline partners in Saudi Arabia and around the world,' AviLease CEO Edward O'Byrne said in a joint news for widebody freighters is increasing as much of the existing fleet ages and cargo volumes grow at about 4% per year. No timetable was given for when AviLease will receive the aircraft. Airbus earlier this year postponed the rollout of the all-new A350 freighter until late 2027 because of persistent production challenges at supplier Spirit Aerosystems. The A350F, powered by Rolls-Royce Trent XWB-97 engines and with 70% of the airframe made of advanced composite materials, is expected to be 20% more fuel efficient than the Boeing 777 and older Boeing 747-400 freighters, according to Airbus. The manufacturer said the lightweight materials will make the plane 50 tons lighter than the Boeing 777X freighter, which is also in late development. The aircraft is designed to carry up to 120 tons with a maximum range of 4,700 nautical miles. It will feature the industry's largest main deck cargo door to ease loading of shipping containers and out-of-gauge cargo. The large cargo door offers the option of using 20-foot shipping containers, something that is rarely, if ever, done with traditional side-loading aircraft, said Crawford Hamilton, head of freighter marketing at Airbus, in an interview last year with STAT Media which is owned by Saudi Arabia's Public Investment Fund, was established three years ago as part of the government's 2030 strategy to develop the aviation sector and diversify the oil-based economy. It currently owns and manages 200 aircraft after acquiring an Irish leasing company and engaging in sale-leasebacks with airlines. Last month, Taiwan-based China Airlines agreed to buy four next-generation Boeing 777-8 cargo jets. Boeing has received commitments for more than 50 777-8s. In related news, startup carrier Riyadh Air placed a firm order for 25 A350-1000 passenger aircraft. The airline is gearing up to begin service later this year. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Airbus postpones rollout of A350 freighter until late 2027 Air France-KLM trims Airbus order for A350 freighter The post Saudi Arabia-based leasing company to buy 10 Airbus A350 freighters appeared first on FreightWaves.
Yahoo
25 minutes ago
- Yahoo
Senate Deadlocked on SALT, With Draft Bill Showing Current $10,000 Cap
(Bloomberg) -- The Senate's version of President Donald Trump's tax bill calls for a $10,000 cap on the state and local tax deduction — a placeholder figure as Republicans remain divided over the valuable tax break. As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space As American Architects Gather in Boston, Retrofits Are All the Rage The draft bill — slated to be released later on Monday — includes the current $10,000 SALT cap, according to a person familiar with the matter. But the Senate will continue to negotiate the deduction as it aims to pass the legislation by a self-imposed July 4 deadline. The House version of the bill calls for a $40,000 SALT cap, with some limits for claiming the write-off based on income. Some House lawmakers from high-tax states have threatened to block the legislation if the Senate lowers that cap. Representative Mike Lawler of New York called a $10,000 cap 'DEAD ON ARRIVAL.' Fellow New York Representative Nicole Malliotakis said 'No, Nay, Never!' Senate Majority Leader John Thune said on Fox News Sunday there is no real interest among Republicans who hail from low tax states to raise the SALT cap to the $40,000 level called for in the House-passed version. 'I think at the end of the day we'll find a landing spot. Hopefully that will get the votes we need in the House, a compromise position on the SALT issue,' Thune said. House Speaker Mike Johnson said he is calling on Senate leaders to preserve the House deal as much as possible. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants US Allies and Adversaries Are Dodging Trump's Tariff Threats As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data