Money

Boeing beats Airbus to mega Delta order

Published

1 year ago

July 19, 2022

Ahron Young

It’s been a rough decade for Boeing, and especially for the 737 MAX, but now Delta has secured a massive order

At the Farnborough airshow, there’s been some bright news for the struggling US plane maker.

Order for 100 737-10 aircraft with option for 30 more
Narrowbody jet provides world-class customer experience
Fuel-efficient planes help power Delta’s sustainability goals

In what was the worst kept secret in the aviation industry in recent weeks, Boeing has now confirmed a massive new order from Delta Airlines, and it’s for the 737 MAX.

The deal is worth about 13 billion dollars, and Delta has the option to buy another 30.

Airbus has been circling Delta, trying to sell them more A220s. But in the end, Boeing won out, in positive news for the beleagured company.

Until now, Delta was the only US airline without a MAX in its fleet or on order.

The MAX was grounded for 20 months following two fatal crashes, and there was a time when aviation analysts expected the plane may never fly again.

But now here we are with this massive new order.

ALSO – American Airlines is set to order more Boeing 737 MAX jets for its domestic fleet

Delta is ordering the largest model in the MAX family, the 737-10, which will begin delivery in 2025. It will be powered by the next-generation LEAP-1B engines manufactured by CFM International, a company jointly owned by GE and Safran Aircraft Engines.

The aircraft will be 20%-30% more fuel efficient than the retiring Delta planes it will replace.

“The Boeing 737-10 will be an important addition to Delta’s fleet as we shape a more sustainable future for air travel, with an elevated customer experience, improved fuel efficiency and best-in-class performance,”
Ed Bastian, Delta’s chief executive officer

“These new aircraft provide superior operating economics and network flexibility, and the agreement reflects our prudent approach to deploying our capital.”

Money

Is Bitcoin’s rally here to stay or just another bubble?

Published

8 hours ago

December 11, 2023

ticker NEWS

A combination of institutional interest, economic uncertainty, growing acceptance, and technological progress is driving Bitcoin’s surge.

Many factors contribute to Bitcoin’s upward momentum. First and foremost, increasing institutional adoption plays a pivotal role. Major companies and financial institutions are showing growing interest in Bitcoin as an asset class, pouring significant investments into it. This legitimizes the cryptocurrency in the eyes of traditional investors.

Additionally, global economic uncertainty and inflation concerns are pushing individuals to seek alternative investments. Bitcoin, with its limited supply and decentralized nature, is emerging as a store of value and a hedge against economic turbulence.

Moreover, growing mainstream acceptance and awareness are fueling demand. More merchants are accepting Bitcoin as a form of payment, making it increasingly accessible to consumers.

Furthermore, technological advancements, such as the Lightning Network, are improving Bitcoin’s scalability and usability, enhancing its attractiveness as a digital currency. #featured #bitcoin

Money

Will Bitcoin ever be safe as houses?

Published

8 hours ago

December 11, 2023

ticker NEWS

2024 may become the year that younger investors face this key question. Is it safer to invest in crypto, or to invest in property. Put another way, is Bitcoin as safes as houses?

Anticipated rate cuts in the coming year promise a soft landing for the economy, while the maturing crypto industry, now subject to increased regulations, becomes more appealing to a broader investor base. #featured #ticker today

Money

Volkswagen, Renault partner to create budget-friendly EVs

Published

10 hours ago

December 11, 2023

ticker NEWS

Volkswagen and Renault are reportedly considering a groundbreaking collaboration to develop affordable electric cars.

This bold endeavor aims to make electric mobility accessible to a wider audience, addressing one of the key barriers to EV adoption: cost.

The automotive giants are exploring the possibility of co-developing a range of budget-friendly electric vehicles that combine Volkswagen’s engineering prowess with Renault’s electric technology.

This partnership seeks to challenge the dominance of higher-priced electric models, making emissions-free driving a reality for more consumers.

The potential synergy between these two industry giants could revolutionize the EV landscape.

By pooling resources and expertise, they hope to deliver electric cars that not only offer a competitive price point but also meet the stringent quality and safety standards expected from such renowned manufacturers.

As electric vehicles continue to gain traction, the question remains:

Will this collaboration between Volkswagen and Renault pave the way for a more accessible electric future, or will established players in the industry attempt to thwart their ambitions?