Dassault, Anil Ambani's Reliance to make Falcon 2000 business jets in India
(Reuters) -Reliance Infrastructure (RELINFRA.NS) has partnered with France's Dassault Aviation (AM.PA) to make Falcon 2000 jets in India, the companies said on Wednesday, as the South Asian country aims to increase sourcing of locally-made defense equipment.
Dassault said it aims to deliver the first made-in-India jets by 2028 for corporate and military use, and will cater to rising demand in both Indian and international markets.
India, the world's biggest arms importer, has been looking to step up domestic production, with global firms pushed to produce in India - either on their own or in collaboration with domestic partners.
New Delhi also aims to boost defence exports, which jumped 12% in the fiscal year to end-March, to $2.76 billion.
Dassault will make Falcon 2000 jets outside France for the first time, the statement said, as it partners with tycoon Anil Ambani-owned Reliance Aerostructure to set up the final assembly line in the western Indian city of Nagpur.
Reliance Infrastructure shares jumped 5% after the news in afternoon trading, while Dassault shares were largely flat.
Earlier in the month, the French firm signed an agreement with India's Tata group to produce fuselage of Rafale fighter aircraft in southern Hyderabad city - outside France for the first time ever.
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Smith & Wesson Brands, Inc. Reports Fourth Quarter and Full Fiscal 2025 Financial Results
- Q4 Net Sales of $140.8 Million - Q4 Gross Margin of 28.8%; Non-GAAP Gross Margin of 29.2% - Q4 EPS of $0.19/Share Maryville, Tennessee--(Newsfile Corp. - June 18, 2025) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the fourth quarter and full fiscal year 2025, ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Net sales were $140.8 million, a decrease of $18.4 million, or 11.6%, from the comparable quarter last year. Gross margin was 28.8% compared with 35.5% in the comparable quarter last year. GAAP net income was $8.6 million, or $0.19 per diluted share, compared with $27.3 million, or $0.59 per diluted share, for the comparable quarter last year. Non-GAAP net income was $9.0 million, or $0.20 per diluted share, compared with $22.1 million, or $0.48 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. For a detailed reconciliation, see the schedules that follow in this release. Non-GAAP Adjusted EBITDAS was $24.1 million, or 17.2% of net sales, compared with $37.6 million, or 23.6% of net sales, for the comparable quarter last year. Full Year Fiscal 2025 Financial Highlights Net sales were $474.7 million, a decrease of $61.2 million, or 11.4%, from the prior fiscal year. Gross margin was 26.8% compared with 29.5% in the prior fiscal year. GAAP net income was $13.4 million, or $0.30 per diluted share, compared with $41.4 million, or $0.89 per diluted share, for the prior fiscal year. Non-GAAP net income was $14.6 million, or $0.33 per diluted share, compared with $44.4 million, or $0.96 per diluted share, for the prior fiscal year. GAAP to non-GAAP adjustments for income include costs related to the relocation, a gain on sale of certain real estate, and other costs. For a detailed reconciliation, see the schedules that follow in this release. Non-GAAP Adjusted EBITDAS was $67.3 million, or 14.3% of net sales, compared with $96.6 million, or 18.0% of net sales, for the prior fiscal year. Mark Smith, President and Chief Executive Officer, commented, "Fourth quarter proved more difficult than we anticipated largely due to macro-economic and industry trends. While the combination of lower sales and production volumes, along with mix factors, pressured margins, we were able to partially offset the bottom-line impact through disciplined cost management and by leveraging our flexible manufacturing model. Looking at the overall firearms market, we continue to see consumers generally being cautious due to macro-economic factors pressuring discretionary spending. While new products and lower price point offerings are still performing well, overall conditions suggest headwinds will likely persist in the near term. Despite these challenges, we remain well positioned to succeed in this environment." Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "We believe that firearm market conditions have been negatively impacted by persistent inflation, high interest rates, and uncertainty caused by tariff concerns. That being said, the success of our new products has enabled us to maintain a leadership position in the categories of the firearm market in which we compete. We currently expect demand for firearms in fiscal 2026 to be similar to what we saw in fiscal 2025, remaining subject to economic headwinds such as inflation and the impact of tariff-related cost increases. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on July 7, 2025 with payment to be made on July 21, 2025." Conference Call and Webcast The company will host a conference call and webcast on June 18, 2025 to discuss its fourth quarter and full fiscal 2025 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at under the Investor Relations section. Reconciliation of U.S. GAAP to Non-GAAP Financial Measures In this press release, certain non-GAAP financial measures, including "non-GAAP net income," "Adjusted EBITDAS," and "free cash flow" are presented. From time-to-time, we consider and use these supplemental measures of operating performance in order to provide the reader with an improved understanding of underlying performance trends. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) spin related stock-based compensation, (vi) an accrued legal settlement, (vii) a gain on sale of certain real estate, (viii) a gain on sale of intangible assets, (ix) Relocation expense, and (x) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating its financial measures on a GAAP basis. About Smith & Wesson Brands, Inc. Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. The company also provides forging and machining services to third parties. For more information call (800) 331-0852 or visit Safe Harbor Statement Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that (i) with respect to the overall firearms market, we continue to see consumers generally being cautious due to macro-economic factors pressuring discretionary spending; (ii) overall conditions suggest headwinds will likely persist in the near term; (iii) we remain well positioned to succeed in this environment; and (iv) we currently expect demand for firearms in fiscal 2026 to be similar to what we saw in fiscal 2025, remaining subject to economic headwinds such as inflation and the impact of tariff-related cost increases. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the Relocation; our ability to introduce new products; the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025. Contact:investorrelations@ 747-3448 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited) As of: April 30, 2025 April 30, 2024 (In thousands, except par value and share data) ASSETS Current assets: Cash and cash equivalents $ 25,231$ 60,839 Accounts receivable, net of allowances for credit losses of $5 on April 30, 2025 and $0 on April 30, 2024 55,868 59,071 Inventories189,840 160,500 Prepaid expenses and other current assets6,260 4,973 Income tax receivable66 1,948 Total current assets277,265 287,331 Property, plant, and equipment, net of accumulated depreciation and amortization of $368,811 on April 30, 2025 and $352,615 on April 30, 2024 242,648 252,633 Intangibles, net2,409 2,598 Goodwill19,024 19,024 Deferred income taxes10,260 7,228 Other assets8,006 8,614 Total assets $ 559,612$ 577,428 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 26,887$ 41,831 Accrued expenses and deferred revenue24,678 24,489 Accrued payroll and incentives9,060 17,147 Accrued profit sharing4,636 9,098 Accrued warranty1,379 1,813 Total current liabilities66,640 94,378 Notes and loans payable79,096 39,880 Finance lease payable, net of current portion33,703 35,404 Other non-current liabilities7,719 7,852 Total liabilities187,158 177,514 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding — — Common stock, $0.001 par value, 100,000,000 shares authorized, 75,789,455 issued and 44,111,461 shares outstanding on April 30, 2025 and 75,395,490 shares issued and 45,561,569 shares outstanding on April 30, 2024 76 75 Additional paid-in capital298,075 289,994 Retained earnings532,615 542,414 Accumulated other comprehensive income— 73 Treasury stock, at cost (31,677,994 shares on April 30, 2025 and 29,833,921 shares on April 30, 2024) (458,312) (432,642) Total stockholders' equity372,454 399,914 Total liabilities and stockholders' equity $ 559,612$ 577,428 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(Unaudited) For the Three Months Ended April 30, For the Year Ended April 30, 2025 2024 2025 2024 (In thousands, except per share data) Net sales $ 140,762$ 159,148$ 474,661$ 535,833 Cost of sales 100,217 102,646 347,478 377,740 Gross profit 40,545 56,502 127,183 158,093 Operating expenses: Research and development 1,962 1,774 9,567 7,258 Selling, marketing, and distribution 11,473 9,473 41,314 40,611 General and administrative 13,974 18,258 54,933 63,134 Gain on sale/disposition of assets, net 6 (10) (2,515) (11) Total operating expenses 27,415 29,495 103,299 110,992 Operating income 13,130 27,007 23,884 47,101 Other (expense)/income, net: Other (expense)/income, net (6) 6,496 (17) 6,672 Interest expense, net (748) (607) (4,622) (2,055) Total other (expense)/income, net (754) 5,889 (4,639) 4,617 Income before income taxes 12,376 32,896 19,245 51,718 Income tax expense 3,742 5,561 5,820 10,356 Net income $ 8,634$ 27,335$ 13,425$ 41,362 Net income per share: Basic - net income $ 0.20$ 0.60$ 0.30$ 0.90 Diluted - net income $ 0.19$ 0.59$ 0.30$ 0.89 Weighted average number of common shares outstanding: Basic 44,040 45,544 44,484 45,813 Diluted 44,508 46,043 44,932 46,248 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) For the Year Ended April 30, 2025 2024 (In thousands) Cash flows from operating activities: Net income$ 13,425$ 41,362 Adjustments to reconcile net income to net cash (used in)/provided by operating activities: Depreciation and amortization 31,845 32,558 Gain on sale/disposition of assets (2,515) (5,595) Recoveries on notes and accounts receivable - (23) Deferred income taxes (3,032) 856 Stock-based compensation expense 7,609 5,683 Non-cash sublease income (1,724) — Other, net (73) — Changes in operating assets and liabilities: Accounts receivable 3,203 (3,896) Inventories (29,340) 16,618 Prepaid expenses and other current assets (1,287) (57) Income taxes 1,882 (2,601) Accounts payable (14,771) 18,341 Accrued payroll and incentives (8,087) (1,418) Accrued profit sharing (4,462) 895 Accrued expenses and deferred revenue (268) 3,996 Accrued warranty (434) 142 Other assets 938 (267) Other non-current liabilities (132) 145 Net cash (used in)/provided by operating activities (7,223) 106,739 Cash flows from investing activities: Payments to acquire patents and software (187) (186) Proceeds from sale of property and equipment 2,619 2,955 Proceeds from sale of intangible assets — 6,500 Payments to acquire property and equipment (21,605) (90,759) Net cash used in investing activities (19,173) (81,490) Cash flows from financing activities: Proceeds from loans and notes payable 75,000 50,000 Cash paid for debt issuance costs (941) — Payments on finance lease obligation (179) (1,378) Payments on notes and loans payable (35,000) (35,000) Payments to acquire treasury stock (25,468) (10,213) Dividend distribution (23,096) (22,020) Proceeds to acquire common stock from employee stock purchase plan 1,598 1,484 Payment of employee withholding tax related to restricted stock units (1,126) (839) Net cash (used in)/provided by financing activities (9,212) (17,966) Net (decrease)/increase in cash and cash equivalents (35,608) 7,283 Cash and cash equivalents, beginning of period 60,839 53,556 Cash and cash equivalents, end of period$ 25,231$ 60,839 Supplemental disclosure of cash flow information Cash paid for: Interest, net of amounts capitalized$ 5,193$ 4,745 Income taxes$ 7,288$ 12,662 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (Dollars in thousands, except per share data)(Unaudited) For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 $ % of Sales $ % of Sales $ % of Sales $ % of Sales GAAP net sales $ 140,762 $ 159,148 $ 474,661 $ 535,833 Relocation— — (4,340 ) — Non-GAAP net sales $ 140,762 $ 159,148 $ 470,321 $ 535,833 GAAP gross profit $ 40,545 28.8%$ 56,502 35.5%$ 127,183 26.8%$ 158,093 29.5% Relocation expenses516 162 3,346 2,115 Settlement— — 70 3,200 Non-GAAP gross profit $ 41,061 29.2%$ 56,664 35.6%$ 130,599 27.8%$ 163,408 30.5% GAAP operating expenses $ 27,415 19.5%$ 29,495 18.5%$ 103,299 21.8%$ 110,992 20.7% Gain on sale of asset— — 2,257 — Spin related stock-based compensation— (3 ) — (13 ) Relocation expenses(26 ) 155 (612 ) (4,938 ) Non-GAAP operating expenses $ 27,389 19.5%$ 29,647 18.6%$ 104,944 22.3%$ 106,041 19.8% GAAP operating income $ 13,130 9.3%$ 27,007 17.0%$ 23,884 5.0%$ 47,101 8.8% Gain on sale of asset— — (2,257 ) — Settlement— — 70 3,200 Spin related stock-based compensation— 3 — 13 Relocation expenses542 7 3,958 7,053 Non-GAAP operating income $ 13,672 9.7%$ 27,017 17.0%$ 25,655 5.5%$ 57,367 10.7% GAAP net income $ 8,634 6.1%$ 27,335 17.2%$ 13,425 2.8%$ 41,362 7.7% Gain on sale of asset— — (2,257 ) — Settlement— — 70 3,200 Sale of intangible assets— (6,500 ) — (6,500 ) Spin related stock-based compensation— 3 — 13 Relocation expenses542 7 3,958 7,053 Tax effect of non-GAAP adjustments(169 ) 1,285 (551 ) (746 ) Non-GAAP net income $ 9,007 6.4%$ 22,130 13.9%$ 14,645 3.1%$ 44,382 8.3% GAAP net income per share - diluted $ 0.19 $ 0.59 $ 0.30 $ 0.89 Gain on sale of asset— — (0.05 ) — Settlement— — — 0.07 Sale of intangible assets— (0.14 ) — (0.14 ) Spin related stock-based compensation— — — — Relocation expenses0.01 — 0.09 0.15 Tax effect of non-GAAP adjustments— 0.03 (0.01 ) (0.02 ) Non-GAAP net income per share - diluted $ 0.20 $ 0.48 $ 0.33 $ 0.96 (a) (a) Non-GAAP net income per share does not foot due to rounding. SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDAS (In thousands)(Unaudited)For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 GAAP net income$ 8,634$ 27,335$ 13,425$ 41,362 Interest expense 1,408 1,434 7,289 4,838 Income tax expense 3,742 5,561 5,820 10,356 Depreciation and amortization 7,934 8,324 31,688 32,469 Stock-based compensation expense 1,885 1,419 7,609 5,683 Settlement — — 70 3,200 Gain on sale of asset — — (2,257) — Gain on sale of intangible assets — (6,500) — (6,500) Relocation expense 538 7 3,681 5,193 Non-GAAP Adjusted EBITDAS$ 24,141$ 37,580$ 67,325$ 96,601 Non-GAAP Adjusted EBITDAS Margin 17.2% 23.6% 14.3% 18.0% SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands)(Unaudited)For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024Net cash provided by/(used in) operating activities$ 40,828$ 43,616$ (7,223)$ 106,739Payments to acquire property and equipment (7,291) (5,571) (21,605) (90,759 ) Free cash flow$ 33,537$ 38,045$ (28,828)$ 15,980 Immaterial Correction of an Error During the fourth quarter of fiscal 2025, we identified an immaterial error related to our accrual for certain legal expenses, resulting in an overstatement of general and administrative expenses in 2024 and 2025. In accordance with Staff Accounting Bulletin ("SAB") No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, we evaluated the errors and determined that the related impact was not material to results of operations, financial position, or cash flows for any historical annual or interim period. Prior year amounts have been adjusted to reflect the immaterial correction, which (i) overstated accrued expenses and deferred revenue and general and administrative expenses by $2.3 million and (ii) understated income tax expense and overstated income tax receivable each by $548,000, in each case as of April 30, 2024 and for the year then ended. To view the source version of this press release, please visit
Yahoo
an hour ago
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Air India marred by flight disruptions in crash aftermath
Indian air carrier Air India is facing pressure, as the country's regulator ordered checks on its Boeing 787 aircraft, the same that was involved in a major fatal crash last week. The London-bound Air India flight crashed during take-off in the city of Ahmedabad, killing at least 270 people, including 241 passengers and crew. A total of 83 wide-body flights, including 66 flights involving the Boeing Dreamliner, have been canceled, according to data shared by the Directorate General of Civil Aviation, India's aviation safety regulator. "There is a cascading impact operationally. We are being extra cautious and doing extra checks beyond the usual," a company executive familiar with the matter told the Associated Press news agency on condition of anonymity. In addition to the inspections, the closure of airspace in some Middle Eastern countries, as a result of the conflict between Israel and Iran, have crippled Air India's domestic and international operations. Initial checks on Air India's Boeing dreamliner fleet "did not reveal any major safety concerns," the country's regulator said late Tuesday. "The aircraft and associated maintenance systems were found to be compliant with existing safety standards," officials added. The airline has tried to reassure passengers, while the search for the cause of the crash in Ahmedabad is underway by experts from India's Aircraft Accident Investigation Bureau, with assistance from the UK, the US and Boeing. Investigators are currently retrieving vital information from both black boxes that were recovered from the site, the cockpit voice recorder and the flight data recorder. Air India's Boeing 787-8 Dreamliner erupted into a fireball when it crashed moments after takeoff, leaving what witnesses said were badly burnt bodies and scattered remains. Indian authorities said Wednesday that more than 200 victims of the Ahmedabad crash have been identified through DNA testing. The announcement was welcome news for many victims' family members, many of whom have been providing DNA samples to help identify their loved ones. "As of 2 pm, 202 DNA [samples] have been matched," Harsh Sanghavi, home minister of Ahmedabad's Gujarat state, wrote on X. Air India crash update: As of 2 pm, 202 DNA have been matched. — Harsh Sanghavi (@sanghaviharsh) June 18, 2025 Edited by: Rana Taha
Yahoo
2 hours ago
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Air India Dreamliner made emergency landing in 2023 after engine failure
An Air India Boeing 787 identical to the plane that crashed last week made an emergency landing in 2023 after engine failure caused by poor maintenance. The airliner was forced to turn back an hour into its 14-hour flight between Mumbai and London, India's Directorate General of Civil Aviation (DGCA) said. The 2023 engine failure, together with news that India's aviation regulator has only half the number of staff it should be employing, will raise fresh questions about flight safety standards across the subcontinent. Pilots flying the Dreamliner during the August 2023 incident said they heard a 'loud thud' immediately before the left engine lost power, the DGCA's investigation report said. Vishwash Kumar Ramesh, the sole survivor of last Thursday's disaster, said he heard a 'loud noise' immediately before Air India flight AI171 crashed. His seat, 11A, was near the Boeing's left engine. Investigators looking into the 2023 engine failure discovered that the Boeing's left-hand engine, made by the US company General Electric, failed after a turbine blade was incorrectly bolted in during routine maintenance and then broke loose. General Electric, which inspected the failed engine on the DGCA's behalf, concluded that the 'release' of a high-pressure compressor blade 'had occurred due to improper installation of locking lugs of HPC Stage 10'. News of an engine failure with potential similarities to the events leading up to the deadly Ahmedabad crash came amid claims that the Indian air safety watchdog was suffering a manpower crisis. The DGCA had less than half the staff in place needed to ensure safety, and Indian parliamentarians said three months ago that they had 'fundamental concerns' about the shortages. The watchdog is responsible for aviation safety and regulatory oversight, and the enforcement of civil air regulations, air safety and airworthiness standards, including inspections. A report by the Indian parliament's transport committee found that of the 1,633 posts comprising the 'sanctioned strength' of the watchdog, only 754 were filled, leaving 879 vacancies. 'The committee notes with serious concern the high number of vacancies across key aviation regulatory and operational bodies, particularly in the Directorate General of Civil Aviation, the Bureau of Civil Aviation Security, and the Airports Authority of India,' the report said. 'The DGCA, responsible for aviation safety and regulatory oversight, has a vacancy rate exceeding 53 per cent, raising fundamental concerns about its capacity to enforce aviation safety standards effectively.' It said that at the Bureau of Civil Aviation Security, tasked with maintaining aviation security, nearly 35 per cent of jobs were unfilled, 'posing risks to the robustness of security oversight at airports'. Similarly, at the Airports Authority of India, which manages critical airport infrastructure and air traffic services, unfilled job vacancies impacted operational efficiency and airport expansion. 'The committee is deeply concerned that chronic understaffing in these institutions could undermine safety, security, and service delivery standards, particularly as air traffic volumes continue to rise. 'The committee urges the Ministry of Civil Aviation to expedite the recruitment process to fill vacancies across DGCA, BCAS, and AAI, ensuring that regulatory oversight, security enforcement, and airport operations are not compromised.' Last Friday, the DGCA issued a notice to Air India to conduct more inspections of all of its 787-8 and 787-9 fleet with GE engines. This includes an inspection of the fuel monitoring systems, a test of the electronic engine control, a check of the hydraulics and a review of take-off parameters. 'Power assurance checks' are also to be done on each airliner within two weeks. The DCGA and General Electric were contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
