Boeing Forms Alliance With Chinese Jet Maker

By Quick Pen:The American aircraft major Boeing (BA) is on a growth path and has been portraying impressive development in the past few years. The jet maker is on a roll and is expected to thrive given the rising demand for fuel efficient aircraft. The increasing demand and requirement for jets is showing in the epic backlog that the Chicago-based aircraft major has registered.

MINNEAPOLIS (AP) — Federal safety investigators intensified their scrutiny of a Monday fire aboard a Boeing 787 as concerned investors sold shares in the aircraft maker for a second day. Boeing on Tuesday confirmed that the fire aboard a Japan Airlines plane appeared to have started in a battery pack for the plane's auxiliary power unit.

In the past ten years, fuel costs for airlines have more than doubled as a percentage of revenues, and buying fuel now makes up for 58% of an airline's running costs. That's good news for plane manufacturers, who benefit from the resulting demand for new, more fuel-efficient aircraft, according to a new blue paper from analysts at Morgan Stanley.

OTTAWA — The oil and gas sector will need to lower greenhouse gas emissions by 42 per cent if Canada has any hope of meeting overall reductions targets by the end of the decade, says a new report from an environmental think-tank. The Pembina Institute report also says the only way that’s going to happen is if upcoming federal regulations on the sector go much farther than those already in place in Alberta.

Barack Obama cannot deliver on his promise to cut greenhouse gas emissions by 17% without decisive new actions, a report warned on Wednesday.

PARIS (Reuters) - CFM International, the world's largest maker of jet engines by number of units sold, said on Wednesday that testing of a new powerplant for the next generation of narrowbody passenger jets was going to plan. CFM, a joint venture between General Electric and France's Safran , is developing the LEAP-X engine for the Boeing 737 MAX and Airbus A320neo, as well as a Chinese competitor now under development, the Comac C919. ...

PARIS (Reuters) - CFM International, the world's largest maker of jet engines by number of units sold, said on Wednesday that testing of a new powerplant for the next generation of narrowbody passenger jets was going according to plan. CFM, a joint venture between General Electric and France's Safran , is developing the LEAP-X engine for the Boeing 737 MAX and Airbus A320neo, as well as a Chinese competitor now under development, the Comac C919. It competes partly with a new engine being developed by United Technologies unit Pratt & Whitney. ...

Natural gas could be the dominant power source for the next two decades in the western United States, even under the most aggressive climate scenarios, before making way for solar, findings from the University of California Berkeley suggest. The Berkeley study examined the impact of cheap solar power, as envisaged by the so-called “sunshot” initiative launched two years ago by former U.S. Energy Secretary Steven Chu.