Jackson Square Aviation orders 50 A320neo family aircraft
The deal is the lessor's first direct order with Airbus, making it a new costumer of the European group.
Such a deal would be worth around $2.7 billion after typical industry discounts, according to delivery price estimates from UK consultancy Cirium Ascend.
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Wales Online
43 minutes ago
- Wales Online
Airbus workers in the UK to strike next month as dates of action released
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Airbus workers in the UK will start strike action at the beginning of next month. Unite members at Broughton in North Wales and Filton near Bristol will walk-out in a dispute over pay. More than 3,000 aircraft fitters and engineers were balloted by the union Unite. The highly skilled workers play a critical role in the production of aircraft wings for the hugely successful A320 family, A330, A350 and A400M military transport aircraft. They voted to strike in the ballot last month. A source has now confirmed this will start with a two day action on September 2/3. Rhys McCarthy, Unite national officer for aerospace, previously said: "This overwhelming vote in favour of strike action shows the depth of anger that our members have over the poor pay offer from Airbus. It is not too late to avoid industrial action if they get back around the negotiating table with a new offer that is acceptable to our members. Otherwise they will see that anger first-hand on the picket line." There will be further two day actions - with the next walk-out reportedly on September 10/11, followed by another action starting on the 16th. The first offer was a two year deal of 3.6% followed by 3.15% and pension enhancements. This was accepted by management (white collar) but rejected by non-management (blue collar) workers. They requested a revised package over 12 months only. Airbus then offered a one year deal of 3.3% with a further 0.3% in January 2026. A third offer saw an option to take either of the first two offers and an additional non-consolidated payment of £200. Sue Partridge, Airbus UK Country Manager Commercial Aircraft, said: "We have made a competitive and fair pay offer in 2025 that builds on the strong foundations of pay increases totalling over 20% in the last three years and a £2,644 bonus payment made in April this year. "Our priority remains to find a resolution together with the Trade Union that ensures the long-term competitiveness and success of Airbus in the UK.' Airbus has stated they are not currently concerned about the impact on year end deliveries. Sign up for the North Wales Live newsletter sent twice daily to your inbox Find out what's happening near you
Reuters
an hour ago
- Reuters
Oil little changed as investors await next steps in Ukraine peace talks
SINGAPORE, Aug 20 (Reuters) - Oil prices were little changed on Wednesday as investors await the next steps in talks to end Russia's invasion of Ukraine, leaving in place sanctions on Russian crude and the chance of further restrictions on its buyers. Brent crude futures were at $65.90 a barrel, up 11 cents, at 0405 GMT. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, were at $62.40 a barrel, up 5 cents. The more-active October contract was at $61.90 a barrel, up 13 cents. Prices settled down more than 1% on Tuesday on optimism a deal to end the war seemed closer, which would mean the easing sanctions on Russia and an increase in global supply. "Crude markets are in limbo... continued protracted peace talks will keep the market on its toes," said Emril Jamil, a senior analyst at LSEG. Despite comments from U.S. President Donald Trump on Tuesday the U.S. might provide air support as part of a deal to end Russia's war in the country, he also conceded Russian President Vladimir Putin might not want to make a deal after all. Trump on Monday said he was arranging a meeting between Russian President Vladimir Putin and Zelenskiy, to be followed by a trilateral summit among the three presidents. Trump said on Tuesday he discussed holding possible talks between Zelenskiy and Putin in Hungary with the country's Prime Minister Viktor Orban. Russia has not confirmed it will take part in talks with Zelenskiy. "The likelihood of a quick resolution to the conflict with Russia now seems unlikely," said Daniel Hynes, senior commodity strategist at ANZ, in a note on Wednesday. In the U.S., BP (BP.L), opens new tab said on Tuesday operations at its 440,000-barrel-per-day refinery in Whiting, Indiana, were affected due to flooding caused by a severe thunderstorm overnight, potentially weighing on the facility's crude demand. The site is a key fuel producer for the Midwest market. Prices found some support as industry inventory report indicated steady crude and fuel demand in the U.S., the world's biggest oil consumer. U.S. crude oil inventories fell by 2.42 million barrels in the week ended August 15, market sources said on Tuesday, citing American Petroleum Institute figures. Gasoline inventories fell by 956,000 barrels, while distillate inventories rose by 535,000 barrels from last week, the sources said.
Reuters
2 hours ago
- Reuters
Hong Kong lender Dah Sing says first-half credit charges surge 34%
HONG KONG, Aug 20 (Reuters) - Hong Kong-headquartered lender Dah Sing Banking Group ( opens new tab said its credit impairment in the first half of this year increased 34% year-on-year, as the weakening commercial property market in Hong Kong weighed on its balance sheets. The lender took HK$780.3 million ($99.97 million) in credit charges for the first six months this year, up from HK$582 million a year ago, according to the bank's earnings release, opens new tab on Wednesday. ($1 = 7.8052 Hong Kong dollars)
