Latest news with #ParisAirShow
Yahoo
3 days ago
- Business
- Yahoo
Will Paris Air Show Signal Shift In Aerospace Trade? Analyst Flags EU Tariff Risks, Order Delays
On Friday, BOfA Securities analyst hosted Richard Aboulafia, a partner at AeroDynamic Advisory, to discuss expectations for the upcoming 2025 Paris Air Show. The analyst says that regarding news of potential 50% EU tariffs, Aboulafia warned that the Air Show could foreshadow how future international negotiations might unfold. The analyst notes that the EU might draw lessons from recent agreements in China and the Middle East, which mainly included aerospace and defense products. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Nevertheless, the analyst writes that given the EU's own substantial aerospace and defense industry, which it aims to protect, U.S. aerospace and defense interests might become a point of contention rather than an incentive in these discussions. Regarding Boeing Company (NYSE:BA), Aboulafia views recent deals in the Middle East and China as setting a precedent for other nations' trade negotiations, suggesting orders will be held back as bargaining chips, noted the analyst. The analyst writes that, for both Airbus SE (OTC:EADSY) and Boeing, Aboulafia doesn't foresee many airlines placing large new orders, primarily due to a lack of new aircraft programs and existing backlogs exceeding 10 years for their most popular models. Further, the analyst noted that, as previously disclosed, Aboulafia doesn't anticipate any major new commercial aircraft program unveilings due to ongoing supply chain issues and global macroeconomic constraints. In the defense sector, Aboulafia expects numerous companies to compete for subsystem roles on programs like NGAD/the F-47 and CCA. Additionally, Aboulafia anticipates an outsized presence of unmanned aerial systems at the show, predicting a focus on lower-tech, expendable variants rather than highly sophisticated systems, says the analyst. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Photo: Shutterstock Send To MSN: Send to MSN UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Will Paris Air Show Signal Shift In Aerospace Trade? Analyst Flags EU Tariff Risks, Order Delays originally appeared on
Bloomberg
3 days ago
- Business
- Bloomberg
Airbus Seeks Middle East Comeback After Boeing's Major May Haul
By , Siddharth Vikram Philip, and Julie Johnsson Save Airbus SE is looking to stage a comeback in June with a flurry of fresh orders after arch-rival Boeing Co. logged its biggest-ever deal this month that left the European planemaker empty-handed. The aircraft manufacturer is turning its focus to the Paris Air Show taking place in the middle of the month, where some carriers from the Middle East are poised to order more widebody aircraft.
Daily Mirror
4 days ago
- Daily Mirror
Abandoned town left to rot for 40 years after plane crash horror
Goussainville-Vieux Pays is now a largely empty village where plant life is taking over and almost everybody has left, following a major plane crash around 50 years ago An idyllic village which was once an archetype of French pastoral life now lies abandoned and empty. In the blink of an eye, Goussainville-Vieux Pays switched from being a hive of activity, filled with weekend markets where bustling crowds of locals gathered to buy farm produce, to the shell of a place it is today. The churchbells have stopped ringing and the visitors no longer come. Goussainville-Vieux Pays' problems began back in the mid-1960s when plans were drawn up for a new airport to serve Paris. As the village lies just 12 miles away from the city, surrounded by green open space, it was judged to be perfect. In the months before the travel hub was due to open to the world, tragedy struck in the form of a Soviet supersonic aircraft named Tupolev TU-144. It crashed down into Goussainville-Vieux Pays during the Paris Air Show of 1973. The high-tech aircraft hurtled into the ground, smashing into a row of 15 houses and a school, killing six crew members and eight people on the ground. Many decided to up sticks and leave there and then, too affected by the tragedy to continue living in a community that had been hit so hard. They joined others who had already left, having taken up offers from the airport's developers to sell their homes at generous rates. By the mid 70s just 300 of the 1,000 villagers who had lived there remained. Many of those who did would soon be pushed out of the village by the opening of the Charles de Gaulle Airport. The airport was always intended to be among Europe's busiest, but the villagers were not prepared for its impact on them. Overnight Goussainville-Vieux Pays went from a peaceful village to one blighted by noise pollution. Every day the roar of jet engines bounced around the village square, cutting through the peace and quiet that was ruled. The village is so close to Charles de Gaulle Airport that it is considered part of the runway approach. Low-flying planes with their landing gears extended rocketed over the homes. Within a year of the airport's opening almost all of the remaining residents had left. Many didn't stick around to sell their homes, desperate to get out as quickly as they could and skepticle of their ability to find a buyer. As a result, the village fell into disrepair. Overgrown gardens, broken windows and deserted squares became common sights. Today Goussainville-Vieux Pays has an overgrown, abandoned feel to it, yet a few locals remain. "Its abandoned structures are slowly being reclaimed by nature, creating an eerie yet oddly beautiful landscape. The 12th-century Church of Saint-Pierre-et-Saint-Paul stands as a silent sentinel, its bell tower reaching towards the sky where planes now dominate," France Rent writes. "Despite its abandonment, efforts are being made to preserve this unique piece of history. The old village is occasionally opened for guided tours, allowing visitors to step back in time and imagine life before the airport's arrival. The crumbling facades and overgrown gardens tell a poignant story of a community disrupted by the demands of modern infrastructure." While the old town is slowly being pulled back into the land, another, more modern part of Goussainville-Vieux Pays is thriving. This part of the town has embraced its proximity to the airport, with many residents finding employment in aviation-related industries. It vibrant and diverse place that has found a way to live alongside the airport.
Arabian Post
24-05-2025
- Automotive
- Arabian Post
Sanad and GE Aerospace Forge Path to Advance UAE's Aerospace Workforce
Arabian Post Staff -Dubai Sanad, a global aerospace engineering and leasing solutions provider wholly owned by Abu Dhabi's Mubadala Investment Company, has partnered with GE Aerospace to bolster the UAE's aerospace talent pool. This collaboration aims to address the projected surge in global demand for Maintenance, Repair, and Overhaul professionals, with the sector expected to reach $169 billion by 2037. The partnership has led to the inauguration of the LEAP Engine MRO Center in Abu Dhabi, the first certified facility of its kind in the South Asia, Middle East, and North Africa region. This center is set to support over 450 LEAP-1A and LEAP-1B engines over an 11-year period, enhancing the UAE's capabilities in servicing next-generation aircraft engines. ADVERTISEMENT Sanad has invested over AED 100 million into its Abu Dhabi facility, expanding its state-of-the-art engine MRO capabilities. The center spans 5,000 square meters, contributing to a total of 30,000 square meters in Sanad's Abu Dhabi campus. This expansion not only augments the company's technical capabilities but also reinforces Abu Dhabi's position as a leading global aviation hub. The collaboration with GE Aerospace and Safran Aircraft Engines, formalized during the Paris Air Show in June 2023, has significantly expanded Sanad's MRO services to include the new-generation CFM International LEAP-1A and -1B engines. These engines, powering Airbus A320neo and Boeing 737 MAX family aircraft, are recognized for their exceptional reliability and fuel efficiency. Sanad's LEAP Engine MRO Center began operations within a month of signing the agreement and successfully completed the MRO process on the first LEAP engine from flydubai just four months later. This rapid operationalization underscores Sanad's commitment to excellence and speed in establishing state-of-the-art MRO capabilities. The center is operated by a dedicated team of technical and engineering experts, utilizing cutting-edge MRO technologies. Sanad's engineers and technicians have undergone intensive training programs with GE Aerospace, equipping them with the skills required for tasks such as Rotor Drive System and Inlet Gear Box quick turnaround, borescope inspection, and general familiarization. This initiative not only ensures the operational efficiency of LEAP engines but also contributes to reducing the carbon footprint associated with transporting engines outside the region for maintenance. By providing in-country solutions, the partnership aligns with the UAE's commitment to sustainability and operational efficiency. The LEAP engine's popularity has surged, with a backlog exceeding 10,000 engines, primarily due to its innovative design aimed at reducing carbon emissions in air transport. Sanad's enhanced capabilities position it to meet the growing demand for MRO services for the LEAP engine, reinforcing Abu Dhabi's status as a global aviation hub. In addition to the LEAP Engine MRO Center, Sanad has expanded its global partnerships, including a strategic agreement with Airbus to provide MRO services for engines powering Airbus single-aisle and wide-body aircraft. This collaboration further solidifies Sanad's position as a global partner of choice and a key player in the aerospace industry. Sanad's commitment to workforce development is evident in its focus on training and upskilling local talent. The company has established multi-tiered training programs to nurture local expertise, combining classroom training in aviation principles with hands-on experience in its facilities. This approach supports the UAE's broader goals of economic diversification and the development of a knowledge-based economy.
LeMonde
23-05-2025
- Politics
- LeMonde
NGOs file legal action against Paris Air Show for showcasing Israeli companies
The 55 th edition of the Paris Air Show, set to take place from June 16 to 22 at the Parc des Expositions in Paris, has come under pressure amid heightened international tensions. Following the lead of 145 organizations, parties, collectives and unions, the leaders of the left-wing groups on the Seine-Saint-Denis departmental council, backed by Socialist president of the administrative department Stéphane Troussel, called on for Israeli companies to be excluded from the Paris Air Show on Monday, May 19, given the war crimes committed by Israel in Gaza. Alongside these calls, two emergency legal complaints were filed against SIAE, a subsidiary of the French Aerospace Industries Association (GIFAS), which organizes the biennial show. The first complaint accuses SIAE of promoting and allowing the participation of companies, delegations and intermediaries suspected of being directly or indirectly involved in international crimes (war crimes, crimes against humanity and genocide) in the Palestinian territories. The complaint is being brought by the organizations Al-Haq, French Jewish Union for Peace (UJFP), Attac, Stop Fueling War (SFW) and Survie. The second complaint accuses SIAE of promoting and allowing the participation of companies that indirectly fuel the conflicts in Ukraine and Sudan through arms deliveries to third-country firms such as those in the United Arab Emirates. It was supported by the same organizations except for Al-Haq and UJFP.
