Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

easyJet orders 56 aircraft

The European planemaker is trailing US rival Boeing at Farnborough in the battle for orders. (AFP)
  • The new jets will over time replace part of easyJet's A319 fleet, whose average age is about 15 years.
  • London based easyJet operates more than 300 A320s, making it single biggest operator of the plane.

British no-frills airline easyJet confirmed Wednesday an order of 56 Airbus A320neo single-aisle aircraft worth $6.2 billion on the third day of the Farnborough airshow.

The European planemaker, which is trailing US rival Boeing at Farnborough in the battle for orders, said in a statement that the confirmation followed approval by easyJet shareholders after it had previously secured purchase rights.

The announcement includes the conversion of 18 previously-ordered A320neo to the larger A321neo model.

The new jets will over time replace part of easyJet’s A319 fleet, whose average age is about 15 years.

The budget carrier, based in Luton north of London, operates more than 300 A320s, making it the single biggest operator of the plane.

Airbus has so far disappointed aviation market watchers at Farnborough with just one order from US airline Delta for 12 A220s worth $1.1 billion at list prices.