Hints and tips:
...P&W owner RTX has warned that the additional inspections and potential replacements of engines is creating more work for the company’s maintenance, repair and overhaul network, which is under strain because...
...S&P Global upgraded it to BB+ in December. Some analysts believe a further shift higher could happen relatively soon, which could pave the way for the company to start paying a dividend again....
...P&W remains the most obvious partner, according to analysts....
...P&O did not respond to requests for comment....
...Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...The US aerospace and defence group, formerly known as Raytheon, said P&W will recall 600-700 engines from 2023 to 2026, leading to the grounding of an average 350 aircraft a year....
...P&W’s current manufacturing issues add to ongoing durability issues that have dogged its GTF engine....
...“It will be a lot of work for P&W . . . There might be indirect consequences,” he said....
...Sylvia Pfeifer in London Energy Trend to watch The Opec+ oil cartel has spent the year cutting production in an increasingly fraught attempt to boost prices....
...The engine maker added: “P&W is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigation, we will not comment further.”...
...“The daily notional trading value of 0DTE options has skyrocketed to about $1tn,” said Sylvia Jablonski, chief executive of Defiance ETFs....
...The recovery is underpinning a buying spree from across the globe, report Sylvia Pfeifer and Sarah White....
...The deal, the first such bond offering since Russia’s war in Ukraine, is “somewhat of a bellwether,” said Philip Baggaley, analyst at S&P Global....
...Rating agencies Fitch and S&P have reaffirmed the company’s A minus rating....
...Hayes played down the likelihood of a merger between P&W and Britain’s Rolls-Royce in the near term....
...asked Sylvia Leyva Martinez, senior analyst at Wood Mackenzie. “From a purely economic perspective, it makes more sense to continue importing the module.”...
...Additional reporting by Sylvia Pfeifer in London...
...Reporting by Sylvia Pfeifer, Neil Hume, Harry Dempsey, Peter Campbell, Emiko Terazono and Tom Wilson...
...Rebecca Arcesati, Irène Hors and Sylvia Schwaag Serger are the authors....
...That would now change, S&P Global ratings said on Wednesday, as it warned that it might cut GE’s credit rating by one notch in response. Call it the Blob’s revenge....
...A deal will combine Raytheon’s operations in missile defence and precision weapons with those of UTC’s Collins Aerospace, a maker of cockpit avionics and the Pratt & Whitney (P&W) aero-engines division....
...S&P Global Ratings on Wednesday upgraded the rating on Avolon’s senior unsecured notes from BB to BB+, one notch below investment grade....
...“We do not believe there have been any 737-8 order cancellations resulting directly from the Lion Air crash,” said S&P, adding that Airbus would struggle to replace such orders with its competing A320neo...
...“The P&L [profit and loss] impact could ironically be positive, as the Trent 7000 OE [original equipment] deliveries will be loss making, with the returns coming from the after-market.”...
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