-
Kenya's economy faces climate change risks: World Bank
-
Trump says EU to pay 'very big price' for Google fine
-
Tens of thousands flee forest infernos in France and Spain
-
Anthropic bets on cheaper AI with new model
-
Many thousands flee burning France holiday haven by road and sea
-
British sprinter Ujah denies alleged cryptocurrency fraud
-
Stock markets recover as oil retreats
-
'Cockroach' protest leaders, India govt say no breakthrough in talks
-
Autonomous fighter jets target Europe market at Farnborough airshow
-
MEXC Expands Ondo Tokenized Stock Offerings with AI Infrastructure and Mining Assets
-
Wildberries: Russia's Amazon that became a target for Kyiv
-
UN urges evacuation of 6,000 sailors stranded in Hormuz strait
-
Volkswagen profits skid on one-off costs, China competition
-
Thousands flee wildfires in southern Europe
-
South Korean tycoon ordered to pay $644m in divorce
-
Volkswagen profit plunges as carmaker weighs mass job cuts
-
Stocks suffer fresh blow as markets hit by perfect storm
-
Over 80% of Mexican exports exempt from new US tariffs
-
Trump under pressure from all sides over Chinese AI surge
-
Rosalia's Argentine fans up in arms over alleged World Cup snub
-
World Bank confirms plan to phase out China lending by 2031
-
Airbus, Boeing fly in different directions at Farnborough
-
Fields medal awarded to four young mathematicians
-
NATO to overhaul European fuel pipeline network
-
Oil soars above $100 as Middle East fears grow
-
Swelling jet fuel costs hit American Airlines outlook
-
Venezuelans turn to scrap collecting in quake-hit beach 'paradise'
-
Nigeria's Dangote raises $2.5bn to expand Africa's largest refinery
-
Oil soars to $100 on fresh Mideast attacks
-
Coal-fired power generation rising globally on Mideast war: IEA
-
AI-led boom in IPOs raises concerns about a bust
-
Venice film festival promises Pattinson, Oasis and Musk doc
-
ECB holds rates as Iran war flare-up threatens to drive prices higher
-
ASEAN calls for open straits as US-Iran war casts shadow
-
MEXC's "Kickoff Fest" Trading Event Concludes with Top Individual Reward of 27,352 USDT
-
EasyJet profits nosedive on Mideast war
-
Nestle siphons off bottled water business into joint venture
-
Nokia says AI, cloud boosted sales in second quarter
-
Hundreds hospitalised in Japan heatwave 'disaster'
-
Repsol says profit more than triples on higher oil prices
-
Renault says sales stalled in first half
-
TotalEnergies says profit doubled on Mideast war
-
EasyJet says profits nosedive on Mideast war
-
ASEAN to call for open straits as US-Iran war casts shadow
-
AI catches up with humans to score 100% at top maths contest
-
Killer whales: orcas blow fish to bits 'for fun', study finds
-
Houthis target Red Sea shipping as US hits Iran
-
Tech bounce lifts Asia stocks, oil extends gains on US-Iran fears
-
New Mideast fighting puts eurozone rate-setters on alert
-
Tearful fights, edible offerings: A glimpse into the Maradona trial
Airbus, Boeing fly in different directions at Farnborough
Airbus and Boeing presented differing outlooks for their commercial aircraft in coming years, as the aviation sector gathered near London for this week's Farnborough airshow.
As well as taking on its US rival in the battle for orders, Europe's Airbus used the bienniel event to outline its successor to its flagship A320 single-aisle jet, which it hopes to enter service in the second half of the next decade.
Boeing, by contrast, believes that airlines are looking for an improved narrow-body 737 MAX rather than a new aircraft.
"We have been preparing (our move) for a long time," Airbus chief executive Guillaume Faury said at the airshow.
"In early 2018, we began examining what needed to be done and how to structure the company to prepare it for the next generation."
- New wings -
Airbus unveiled at Farnborough its "wing of tomorrow" -- a longer, lighter and folding wing structure designed to reduce fuel consumption by up to 30 percent. Test flights are to begin this year.
Boeing is adopting a more cautious approach, insisting that three conditions must be met before launching a new aircraft: finances, technology readiness and a mature market.
"From a financial perspective, it is driven by production rates," Stephanie Pope, head of Boeing Commercial Airplanes, said at Farnborough.
She noted that "about 70 percent" of Boeing's cashflow comes from the 737, adding it is "essential" that the group grows production to 47 planes per month from 38 currently.
It is "very important in our recovery", Pope added.
Boeing hinted this week that a tough financial situation at the group was not the primary obstacle to launching a new programme.
On the technology front, the anticipated certification of the 737 MAX 7 and 737 MAX 10 this year -- following years of delays -- should help to free up significant engineering resources, Pope said.
For Boeing chief executive Kelly Ortberg, a new aircraft is not the priority for airlines, insisting that they are looking for better performance from existing fleets and, crucially, more reliable and durable engines.
"The message I'm constantly hearing is: 'Forget about something new. Let's get what we've got performing better'," he said in an interview with "Aviation Week" ahead of Farnborough.
- Engine-makers -
Caught between Airbus optimism and Boeing's caution, engine manufacturers are advancing several technologies to meet the needs of both companies.
CFM International, a joint venture between France's Safran and the US-based GE Aerospace, is closely monitoring the debate.
Its Leap engines power all Boeing 737 MAX aircraft and nearly 60 percent of Airbus A320neo planes, while its "open fan" engine currently in development is expected to reduce fuel consumption by up to 20 percent. Fans in current jet engines are enclosed.
Referred to as "Rise", the new advanced engine has undergone hundreds of hours of ground tests, ahead of airborne testing expected before the end of the decade, CFM announced at Farnborough.
Should Airbus opt for this type of engine while Boeing selects a more conventional architecture, CFM believes it can cater for both giants of the air.
O.Hansen--CPN