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Business

Airbus and Qatar Airways settle bitter A350 jet row

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PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday, averting a potentially damaging UK court trial after a blistering 18-month feud that tore the lid off the global jet market.

The “amicable and mutually agreeable settlement” ends a $2 billion row over surface damage on the long-haul jets. The spat led to the withdrawal of billions of dollars’ worth of jet deals by Airbus and prompted Qatar to increase purchases from Boeing.

The cancelled orders for 23 undelivered A350s and 50 smaller A321neos have been restored under the new deal, which is also expected to see Airbus pay several hundred million dollars to the Gulf carrier, while winning a reprieve from other claims.

Financial details were not publicly disclosed.

The companies said neither admitted liability. Both pledged to drop claims and “move forward and work together as partners”.

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The deal heads off what amounted to an unprecedented public divorce trial between heavyweights in the normally tight-knit and secretive $150 billion jet industry.

The two sides had piled up combined claims and counter-claims worth about $2 billion ahead of the June trial.

French Finance Minister Bruno Le Maire welcomed the deal, which came in the wake of increasing political involvement amid close ties between France, where Airbus is based, and Qatar.

“It is the culmination of significant joint efforts. It is excellent news for the French aerospace industry,” he said.

Airbus shares closed up 1% before the announcement.

Qatar Airways had taken the unusual step of publicly challenging the world’s largest planemaker over safety after paint cracks exposed gaps in a sub-layer of lightning protection on its new-generation A350 carbon-composite jets.

Airbus had acknowledged quality flaws but, backed by European regulators, had insisted that the jets were safe and accused the airline of exaggerating flaws to win compensation.

DAMAGES

Supported by a growing army of lawyers, both sides repeatedly bickered in preliminary hearings over access to documents, to the growing frustration of a judge forced to order co-operation.

Analysts said the deal would allow both sides to feel vindicated, with Qatar Airways winning damages and recognition that the problem lay outside the manual and therefore required a new repair, and Airbus standing its ground on safety and spared the difficult task of finding a home for cancelled A350s.

Qatar will get the in-demand A321neos needed to plan its growth, albeit three years later than expected, in 2026. Airbus’ decision to revoke that order, separate from the disputed A350 contract, had been criticised by global airlines group IATA.

Airbus said it had done its best to avoid pushing Qatar too far back in the queue, though some experts question whether it could have met the earlier schedule because of supply problems.

The settlement is also expected to stop the clock ticking on a claim for grounding compensation that had been growing by $6 million a day, triggered by a clause agreed upon after the repainting of a jet for the World Cup revealed significant surface damage.

Originally valued at $200,000 per day per plane, Airbus’ theoretical liability was ratcheting upwards by a total of $250,000 an hour for 30 jets – or $2 billion a year – by the time the deal was struck, based on court filings. Neither side commented on settlement details.

Airbus said it would now work with the airline and regulators to provide the necessary “repair solution” and return Qatar’s 30 grounded planes to the air.

Confirmation of a settlement came after Reuters reported a deal could arrive as early as Wednesday. In 2021, a Reuters investigation revealed other airlines had been affected by A350 skin degradation, all of whom said it was “cosmetic”.

The dispute has focused attention on the design of modern carbon-fibre jets, which do not interact as smoothly with paint as traditional metal ones, and shed light on industrial methods.

Additional reporting by Leigh Thomas, Michel Rose
Editing by David Goodman, Diane Craft and Gerry Doyle

Our Standards: The Thomson Reuters Trust Principles.

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World

France hit by new wave of strikes against Macron’s pension reform

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  • Reform would raise retirement age to 64
  • Schools, transport networks, refinery deliveries hit
  • Macron: Reform vital to ensure viability of pension system

SAINT-NAZAIRE, France, Jan 31 (Reuters) – Striking workers disrupted French refinery deliveries, public transport and schools on Tuesday in a second day of nationwide protests over President Emmanuel Macron’s plan to make people work longer before retirement.

Crowds marched through cities across France to denounce a reform that raises the retirement age by two years to 64 and which is a test of Macron’s ability to push through change now that he has lost his working majority in parliament.

On the rail networks, only one in every three high-speed TGV trains were operating and even fewer local and regional trains. Services on the Paris metro were thrown into disarray.

Buoyed by their success earlier in the month when more than a million people took to the streets, trade unions which have been battling to maintain their power and influence urged the public to turnout en masse.

“We won’t drive until we’re 64!” bus driver Isabelle Texier said at a protest in Saint-Nazaire on the Atlantic coast, adding that many careers involved tough working conditions.

Others felt resigned ahead of likely bargaining between Macron’s ruling alliance and conservative opponents who are more open to pension reform than the left.

“There’s no point in going on strike. This bill will be adopted in any case,” said 34-year-old Matthieu Jacquot, who works in the luxury sector.

Unions said half of primary school teachers had walked off the job. TotalEnergies (TTEF.PA) said 55% of its workers on morning shifts at its refineries had downed tools, a lower number than on Jan. 19. The hard-left CGT union said the figure was inaccurate.

For unions, the challenge will be maintaining a strike movement at a time when high inflation is eroding salaries.

At a local level, some announced “Robin Hood” operations unauthorised by the government. In the southwestern Lot-et-Garonne area, the local CGT trade union branch cut power to several speed cameras and disabled smart power meters.

“When there is such a massive opposition, it would be dangerous for the government not to listen,” said Mylene Jacquot, secretary general of the CFDT union’s civil servants branch.

[1/16] Protesters attend a demonstration against French government’s pension reform plan in Paris as part of a day of national strike and protests in France, January 31, 2023. REUTERS/Gonzalo Fuentes

Opinion polls show a substantial majority of the French oppose the reform, but Macron intends to stand his ground. The reform was “vital” to ensure the viability of the pension system, he said on Monday.

A street march in Paris takes place later in the day.

‘BRUTAL’

The pension system reform would yield an additional 17.7 billion euros ($19.18 billion) in annual pension contributions, according to Labour Ministry estimates.

Unions say there are other ways to raise revenue, such as taxing the super rich or asking employers or well-off pensioners to contribute more.

“This reform is unfair and brutal,” said Luc Farre, the secretary general of the civil servants’ UNSA union. “Moving (the pension age) to 64 is going backwards, socially.”

French power supply was down by 4.5% or 3 gigawatts (GW), as workers at nuclear reactors and thermal plants joined the strike, data from utility group EDF (EDF.PA) showed.

TotalEnergies said deliveries of petroleum products from its French sites had been halted because of the strike, but that customers’ needs were met.

The government made some concessions while drafting the legislation. Macron had originally wanted the retirement age to be set at 65, while the government is also promising a minimum pension of 1,200 euros a month.

Prime Minister Elisabeth Borne has said the 64 threshold is “non-negotiable”, but the government is exploring ways to offset some of the impact, particularly on women.

Hard-left opposition figure Jean-Luc Melenchon, a vocal critic of the reform, said parliament would on Monday debate a motion calling for a referendum on the matter.

“The French are not stupid,” he said at a march in Marseille. “If this reform is vital, it should be possible to convince the people.”

Reporting by Forrest Crellin, Benjamin Mallet, Sudip Kar-Gupta, Leigh Thomas, Blandine Henault, Michel Rose, Dominique Vidalon, Benoit Van Overstraeten; Writing by Ingrid Melander and Richard Lough; Editing by Janet Lawrence

Our Standards: The Thomson Reuters Trust Principles.

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Business

Unilever names former Heinz exec Schumacher as CEO

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  • To become CEO July 1
  • Activist shareholder says met Schumacher when at Heinz
  • First outsider CEO since Paul Polman appointed in 2008
  • Unilever shares outpace FTSE 100

LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July in a move that was welcomed by investors including board member and activist shareholder Nelson Peltz.

Schumacher, 51, rejoined Unilever in October last year as non-executive director and is currently the chief of Dutch dairy business FrieslandCampina.

He worked at Unilever more than 20 years ago before working for retailer Royal Ahold NV and packaged food maker H.J. Heinz in the United States, Europe and Asia.

One of the biggest consumer companies in the world with more than 400 brands ranging from detergent to ice cream, Unilever said in September said that Jope planned to retire at the end of 2023.

Billionaire activist investor Nelson Peltz, who heads investor Trian Partners, said he strongly supports Schumacher “as our new CEO and look(s) forward to working closely with him to drive significant sustainable stakeholder value.”

Peltz become a Unilever board member in July after it was revealed early last year that he had built a stake in the company.

“I first met Hein when I served as a director at the H.J. Heinz Company from 2006 to 2013 and was impressed by his leadership skills and business acumen,” Peltz said.

Peltz, through his Trian Fund, holds a nearly 1.5% stake in Unilever, making him the fourth largest shareholder, according to Refinitiv Eikon data.

Unilever shares were up 0.56% versus a FTSE 100 (.FTSE) index down 0.1% as of 1032 GMT.

The move was also cheered by other investors and analysts, who have felt in recent years that Unilever needed an outsider’s touch.

“Positive that he’s an external appointment,” Jack Martin, a fund manager at Unilever shareholder Oberon Investments, said. “Good CV from what I read, hopefully provides the impetus the company requires.”

‘ESG SAVVY, PRAGMATIC’

Unilever’s shares have underperformed European consumer staples and discretionary indices during CEO Jope’s tenure, which began in January 2019.

Reuters Graphics

His failed bids for GlaxoSmithKline’s (GSK.L) consumer healthcare business last year lost him some good faith among investors, including influential British billionaire Terry Smith, owner of Fundsmith.

Smith said at the time that Jope needed to focus less on sustainbility and more on building Unilever’s core business.

“Hein is ideal for Unilever — he’s got roots at the company but at the same time he’s external,” Allan Leighton, former CEO of British food retailer Asda and ex-chair of Britain’s Royal Mail, told Reuters.

Leighton, who worked with Schumacher on the board of C&A AG, described him as “ESG savvy but in a pragmatic and commercial way.”

Tineke Frikee, a fund manager at Unilever shareholder Waverton Investment Management, said: “It is good Schumacher has plenty of industry experience outside Unilever, particularly international.”

“I note though that his background is mainly in food, rather than beauty and personal care. This may lead the market to reduce the probability of a potential food spin-off.”

Unilever’s food business includes Ben & Jerry’s ice cream, Colman’s mustard, Hellman’s mayonnaise and Knorr stock cubes.

Some investors and analysts have speculated over the past year that Unilever might spin off what they feel is a weaker food business to focus on personal goods, beauty and home care.

“Why hire a food exec, if you are planning to sell the food business?” Bernstein analyst Bruno Monteyne said, adding that selling the food business “will always be on the cards, but I doubt that it is top priority in the short term.”

But Monteyne pointed out that some investors were hoping Unilever would name someone more well-established, globally.

“Investors we spoke to in recent weeks were hopeful for a more familiar name from a successful U.S.-based FMCG (fast-moving consumer goods) turnaround.”

Unilever had been considering internal and external candidates for the role.

Sources told Reuters in October that the candidates included finance chief Graeme Pitkethly, personal care division boss Fabian Garcia and Hanneke Faber, who heads the company’s nutrition group.

Reporting by Yadarisa Shabong and Richa Naidu; editing by Matt Scuffham and Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

Richa Naidu

Thomson Reuters

London-based reporter covering retail and consumer goods, analysing trends including coverage of supply chains, advertising strategies, corporate governance, sustainability, politics and regulation. Previously wrote about U.S. based retailers, major financial institutions and covered the Tokyo 2020 Olympic Games.

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World

At least 64 killed in Nepal’s worst air crash in 30 years

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KATHMANDU, Jan 15 (Reuters) – At least 64 people were killed on Sunday when a domestic flight crashed in Pokhara in Nepal, the small Himalayan country’s worst air crash in three decades.

Hundreds of rescue workers were scouring the hillside where the Yeti Airlines flight, carrying 72 people from the capital Kathmandu, went down.

Local TV showed rescue workers scrambling around broken sections of the aircraft. Some of the ground near the crash site was scorched, with licks of flames visible.

“We have sent 31 bodies to the hospital and are still taking out 33 bodies from the gorge,” said police official Ajay K.C., adding that rescue workers were having difficulty reaching the site in a gorge between two hills near the tourist town’s airport.

Reuters Graphics

The crash is Nepal’s deadliest since 1992, the Aviation Safety Network database showed, when a Pakistan International Airlines Airbus A300 crashed into a hillside upon approach to Kathmandu, killing all 167 people on board.

The plane made contact with the airport from Seti Gorge at 10:50 a.m. (0505 GMT), the aviation authority said in a statement. “Then it crashed.”

“Half of the plane is on the hillside,” said Arun Tamu, a local resident, who told Reuters he reached the site minutes after the plane went down. “The other half has fallen into the gorge of the Seti river.”

Khum Bahadur Chhetri said he watched from the roof of his house as the flight approached.

“I saw the plane trembling, moving left and right, and then suddenly its nose dived and it went into the gorge,” Chhetri told Reuters, adding that local residents took two passengers to a hospital.

The government has set up a panel to investigate the cause of the crash and it is expected to report within 45 days, the finance minister, Bishnu Paudel, told reporters.

SERIES OF CRASHES

At least 309 people have died since 2000 in plane or helicopter crashes in Nepal – home to eight of the world’s 14 highest mountains, including Everest – where sudden weather changes can make for hazardous conditions.

The European Union has banned Nepali airlines from its airspace since 2013, citing safety concerns.

Those on the twin-engine ATR 72 aircraft included two infants and four crew members, said airline spokesman Sudarshan Bartaula.

The journey to Pokhara, Nepal’s second largest city tucked under the picturesque Annapurna mountain range, from the capital Kathmandu is one of the Himalayan country’s most popular tourist routes, with many preferring a short flight instead of a six-hour-long drive through hilly roads.

The weather on Sunday was clear, said Jagannath Niroula, spokesman for Nepal’s Civil Aviation Authority.

Passengers included five Indians, four Russians and one Irish, two South Korean, one Australian, one French and one Argentine national.

The ATR72 of European planemaker ATR is a widely used twin engine turboprop plane manufactured by a joint venture of Airbus (AIR.PA) and Italy’s Leonardo (LDOF.MI). Yeti Airlines has a fleet of six ATR72-500 planes, according to its website.

“ATR specialists are fully engaged to support both the investigation and the customer,” the company said on Twitter, adding that its first thoughts were for those affected, after having been informed of the accident.

Airbus and Leonardo did not immediately respond to requests for comment.

Flight tracking website FlightRadar24 said on Twitter the Yeti Airlines aircraft was 15 years old and equipped with an old transponder with unreliable data.

“We are downloading high-resolution data and verifying the data quality,” it said.

On its website, Yeti describes itself as a leading domestic carrier. Its fleet consists of six ATR 72-500s, including the one that crashed. It also owns Tara Air, and the two together offer the “widest network” in Nepal, the company says.

Reporting by Gopal Sharma; Additional reporting by Jamie Freed; Writing by Devjyot Ghoshal and Aditya Kalra; Editing by William Mallard and Susan Fenton

Our Standards: The Thomson Reuters Trust Principles.

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US

U.S. airports rumble back to life after FAA computer outage

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WASHINGTON, Jan 11 (Reuters) – U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration (FAA) scrambled to fix a system outage overnight that had forced a halt to all U.S. departing flights.

The cause of the problem, which delayed thousands of flights in the United States, was unclear, but U.S. officials said they had so far found no evidence of a cyberattack.

“Normal air traffic operations are resuming gradually across the U.S. following an overnight outage to the Notice to Air Missions system that provides safety info to flight crews. The ground stop has been lifted. We continue to look into the cause of the initial problem” the FAA said in a Tweet.

More than 4,300 flights had been delayed and 700 canceled as officials said it will take hours to recover from the halt to flights.

The FAA had earlier ordered airlines to pause all domestic departures after its pilot alerting system crashed and the agency had to perform a hard reset around 2 a.m., officials said.

The FAA said shortly before 8:30 a.m. departures were resuming at Newark and Atlanta airports.

The FAA is expected to implement a ground delay program in order to address the backlog of flights halted for hours. Flights already in the air had been allowed to continue to their destinations during the ground stop.

U.S. President Joe Biden ordered the Transportation Department to investigate the outage and said the cause of the failure was unknown at this time. Asked if a cyber attack was behind the outage, Biden told reporters at the White House, “We don’t know.”

Transportation Secretary Pete Buttigieg pledged “an after-action process to determine root causes and recommend next steps.”

The FAA said it was working to restore the Notice to Air Missions system that alerts pilots to hazards and changes to airport facilities and procedures that had stopped processing updated information.

A total of 4,314 U.S. flights were delayed as of 9:04 a.m. ET, flight tracking website FlightAware showed. Another 737 were canceled.

MODERNIZATION NEEDED

United said it has resumed operations. The Chicago-based carrier, however, warned that customers might continue to see some delays and cancellations.

Shares of U.S. carriers fell in Wednesday’s premarket trading. Southwest Airlines (LUV.N) was down 2.4%, while Delta Air Lines Inc (DAL.N), United Airlines (UAL.O) and American Airlines (AAL.O) were down about 1%.

“America’s transportation network desperately needs significant upgrades … We call on federal policymakers to modernize our vital air travel infrastructure.” said Geoff Freeman, President and CEO of the U.S. Travel Association, a group representing U.S. airlines, hotels, car rental companies, and theme parks.

FAA’s system outage comes weeks after an operational meltdown at Southwest at the end of last year left thousands of passengers stranded.

A severe winter storm right before Christmas coupled with the Texas-based carrier’s dated technology led to over 16,000 flight cancellations last month.

The DOT, FAA’s parent agency, heavily criticized Southwest’s failures and pressured the airline to compensate passengers for missed flights and other related costs. There is no legal requirement that the FAA must compensate passengers for flight delays caused by agency computer issues.

ESSENTIAL INFORMATION

A NOTAM is a notice containing information essential to personnel concerned with flight operations, but not known far enough in advance to be publicized by other means.

Information can go up to 200 pages for long-haul international flights and may include items such as runway closures, bird hazard warnings and construction obstacles.

United Airlines (UAL.O) said it had temporarily delayed all domestic flights and would issue an update when it learned more from the FAA.

Germany’s Lufthansa and Air France both said they were continuing to operate flights to and from the United States, while the French airline said it was monitoring the situation.

The operator of Paris international airports – Paris Charles de Gaulle airport and Orly airport – said it expects delays to flights.

Austin-Bergstrom International Airport said on Twitter that ground stops across the country were causing delays. A ground stop is an air traffic control measure that slows or halts aircraft at a given airport.

In an earlier advisory on its website, the FAA said its NOTAM system had “failed”, although NOTAMs issued before the outage were still viewable. Earlier this month, a problem with a different airline computer control system delayed dozens of flights in Florida.

A total of 21,464 flights are scheduled to depart airports in the United States on Wednesday with a carrying capacity of nearly 2.9 million passengers, data from Cirium shows.

American Airlines has the most departures from U.S. airports with 4,819 flights scheduled, followed by Delta and Southwest, Cirium data showed.

Reporting by Doina Chiacu and David Shepardson in Washington, Abhijith Ganapavaram in Bengaluru, Jamie Freed in Sydney and Rajesh Kumar Singh in Chicago; Additional reporting by Nathan Gomes and Steve Holland in Washington
Writing by Shailesh Kuber and Alexander Smith Editing by Edmund Blair and Nick Zieminski

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World

The New Year rings in as Asia then Europe usher out 2022

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Dec 31 (Reuters) – With fireworks planned in Paris, hopes for an end to war in Kyiv, and a return to post-COVID normality in Australia and China, Europe and Asia bid farewell to 2022.

It was a year marked for many by the conflict in Ukraine, economic stresses and the effects of global warming. But it was also a year that saw a dramatic soccer World Cup, rapid technological change, and efforts to meet climate challenges.

For Ukraine, there seemed to be no end in sight to the fighting that began when Russia invaded in February. On Saturday alone, Russia fired more than 20 cruise missiles, Ukrainian officials said, with explosions reported throughout the country.

Evening curfews remained in place nationwide, making the celebration of the beginning of 2023 impossible in many public spaces. Several regional governors posted messages on social media warning residents not to break restrictions on New Year’s Eve.

In Kyiv, though, people gathered near the city’s central Christmas tree as midnight approached.

“We are not giving up. They couldn’t ruin our celebrations,” said 36-year-old Yaryna, celebrating with her husband, tinsel and fairy lights wrapped around her.

Oksana Mozorenko, 35, said her family had tried to celebrate Christmas to make it “a real holiday” but added: “I would really like this year to be over.”

In a video message to mark the New Year, Ukrainian President Volodymyr Zelenskiy, Time Magazine’s 2022 Person of the Year, said: “I want to wish all of us one thing – victory.”

Russian President Vladimir Putin devoted his New Year’s address to rallying the Russian people behind his troops fighting in Ukraine.

Festivities in Moscow were muted, without the usual fireworks on Red Square.

“One should not pretend that nothing is happening – our people are dying (in Ukraine),” said 68-year-old Yelena Popova. “A holiday is being celebrated, but there must be limits.” Many Muscovites said they hoped for peace in 2023.

Paris was set to stage its first New Year fireworks since 2019, with 500,000 people expected to gather on the Champs-Elysees avenue to watch.

Like many places, the Czech capital Prague was feeling the pinch economically and so did not hold a fireworks display.

“Holding celebrations did not seem appropriate,” said city hall spokesman Vit Hofman, citing “the unfavourable economic situation of many Prague households” and the need for the city to save money.

Heavy rain and high winds meant firework shows in the Netherlands’ main cities were cancelled.

But several European cities were experiencing record warmth for the time of year. The Czech Hydrometeorological Institute said it was seeing the warmest New Year’s Eve on record, with the temperature in Prague’s centre, where records go back 247 years, reaching 17.7 Celsius (63.9 Fahrenheit).

It was also the warmest New Year’s Eve ever recorded in France, official weather forecaster Meteo France said.

[1/7] People gather on the Champs Elysees avenue during the New Year’s Eve celebrations near the Arc de Triomphe in Paris, France, December 31, 2022. REUTERS/Sarah Meyssonnier

In Croatia, dozens of cities, including the capital Zagreb, cancelled fireworks displays after pet lovers warned about their damaging effects, calling for more environmentally aware celebrations.

The Adriatic town of Rovinj planned to replace fireworks with laser shows and Zagreb was putting on confetti, visual effects and music.

‘SYDNEY IS BACK’

Earlier, Australia kicked off the celebrations with its first restriction-free New Year’s Eve after two years of COVID disruptions.

Sydney welcomed the New Year with a typically dazzling fireworks display, which for the first time featured a rainbow waterfall off the Harbour Bridge.

“This New Year’s Eve we are saying Sydney is back as we kick off festivities around the world and bring in the New Year with a bang,” said Clover Moore, lord mayor of the city.

Pandemic-era curbs on celebrations were lifted this year after Australia, like many countries around the world, re-opened its borders and removed social distancing restrictions.

In China, rigorous COVID restrictions were lifted only in December as the government reversed its “zero-COVID” policy, a switch that has led to soaring infections and meant some people were in no mood to celebrate.

“This virus should just go and die, cannot believe this year I cannot even find a healthy friend that can go out with me and celebrate the passage into the New Year,” wrote one social media user based in eastern Shandong province.

But in the city of Wuhan, where the pandemic began three years ago, tens of thousands of people gathered to enjoy themselves despite a heavy security presence.

Barricades were erected and hundreds of police officers stood guard. Officers shuttled people away from at least one popular New Year’s Eve gathering point and used loudspeakers to blast out a message on a loop advising people not to gather. But the large crowds of revellers took no notice.

In Shanghai, many thronged the historic riverside walkway, the Bund.

“We’ve all travelled in from Chengdu to celebrate in Shanghai,” said Da Dai, a 28-year-old digital media executive who was visiting with two friends. “We’ve already had COVID, so now feel it’s safe to enjoy ourselves.”

In Hong Kong, days after limits were lifted on group gatherings, tens of thousands of people met near the city’s Victoria Harbour for a countdown to midnight. Lights beamed from some of the biggest harbour-front buildings.

It was the city’s biggest New Year’s Eve celebration in several years. The event was cancelled in 2019 due to often violent social unrest, then scaled down in 2020 and 2021 due to the pandemic.

Malaysia’s government cancelled its New Year countdown and fireworks event at Dataran Merdeka in Kuala Lumpur after flooding across the nation displaced tens of thousands of people and a landslide killed 31 people this month.

Celebrations at the capital’s Petronas Twin Towers were pared back with no performances or fireworks.

Reuters 2022 Year in Review

Reporting by Reuters bureaux around the world; Writing by Neil Fullick, Frances Kerry and Rosalba O’Brien; Editing by Hugh Lawson, David Holmes and Daniel Wallis

Our Standards: The Thomson Reuters Trust Principles.

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Business

Exclusive: Air India nears historic order for up to 500 jets

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PARIS/NEW DELHI, Dec 11 (Reuters) – Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.

The orders include as many as 400 narrow-body jets and 100 or more wide-bodies, including dozens of Airbus A350s and Boeing 787s and 777s, they said, speaking on condition of anonymity as finishing touches are placed on the mammoth deal in coming days.

Such a deal could top $100 billion dollars at list prices, including any options, and rank among the biggest by a single airline in volume terms, overshadowing a combined order for 460 Airbus and Boeing jets from American Airlines over a decade ago.

Even after significant expected discounts, the deal would be worth tens of billions of dollars and cap a volatile year for an industry whose jets are back in demand after the pandemic but which is facing mounting industrial and environmental pressures.

Airbus (AIR.PA) and Boeing declined to comment. Tata Group-owned Air India did not immediately respond to a request for comment.

The potential order comes days after Tata announced the merger of Air India with Vistara, a joint-venture with Singapore Airlines, to create a bigger full-service carrier and strengthen its presence in domestic and international skies.

That deal gives Tata a fleet of 218 aircraft, cementing Air India as the country’s largest international carrier and second largest in the domestic market after leader IndiGo (INGL.NS)

Air India, with its maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted.

Founded by JRD Tata in 1932, Air India was nationalised in 1953. Tata regained control in January and has since been working to revive its reputation as a world-class airline.

The planned order reflects a deliberate strategy to win back a solid share of traffic flows to and from India, which are currently dominated by foreign carriers such as Emirates.

Air India also wants to win a bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.

Delivered over at least a decade, the 500 jets would both replace and expand fleets in the world’s fastest-growing airline market, while contributing to Prime Minister Narendra Modi’s goal of expanding the economy to $5 trillion.

But experts warn many hurdles stand in the way of Air India’s ambition to recover a strong global position, including frail domestic infrastructure, pilot shortages and the threat of tough competition with established Gulf and other carriers.

Reporting by Tim Hepher, Aditi Shah; Editing by Jane Merriman

Our Standards: The Thomson Reuters Trust Principles.

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World

Croatia joins Europe’s free-travel zone, Romania and Bulgaria barred

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BRUSSELS/BREGANA BORDER CROSSING BETWEEN CROATIA AND SLOVENIA, Dec 8 (Reuters) – Croatia got the green light on Thursday to join Europe’s open travel zone, but Bulgaria and Romania were kept out because of opposition led by Austria over concerns about unauthorised immigration.

From 2023, people will not have to stop for border checks as they pass between Croatia and the rest of the so-called Schengen area – the world’s largest free-travel area seen as one of the main achievements of European integration.

It will “shorten the journey and the wait, thank God,” driver Nenad Benic said as he queued to cross the Bregana border point from Croatia into Slovenia on Thursday.

Romanian Prime Minister Nicolae Ciuca said he was disappointed and would apply to enter the zone again. “We regret and honestly do not understand the inflexible position taken by Austria,” he said.

Bulgaria would also try again, its foreign minister said.

Croatia got the go-ahead to become the zone’s 27th member after tense talks between the bloc’s interior ministers in Brussels.

“To the citizens of Croatia: welcome, congratulations!,” European Commissioner for Home Affairs Ylva Johansson, said.

“To the citizens of Romania and Bulgaria – you deserve to be full members of Schengen, to have access to the free movement… I share the disappointment with the citizens of Bulgaria and Romania.”

Austrian Interior Minister Gerhard Karner said he had opposed Romania and Bulgaria because of security concerns.

“It is wrong that a system that does not work properly in many places would get expanded at this point,” he said.

Austria, he added, had recorded 100,000 illegal border crossings so far this year, including 75,000 people who had not been previously registered in other Schengen countries as they should have been.

Accession needs unanimous backing from all members – 22 EU nations as well as Lichtenstein, Iceland, Norway and Switzerland.

The Netherlands also opposed granting access to Bulgaria, citing concerns over corruption and migration.

Immigration has been a hot button issue in Europe since 2015 when more than a million people arrived across the Mediterranean Sea, mostly on smugglers’ boats, prompting the EU to tighten its borders and asylum laws.

U.N. data shows some 145,000 people have made the sea crossing this year while more than 1,800 perished trying to reach Europe’s shores, numbers way lower than in 2015.

But the EU’s border police Frontex said last month that 281,000 irregular entries had been recorded throughout the bloc in the first 10 months of 2022, up 77% from a year before and the highest since 2016.

With the Western Balkans route currently the most active, and the EU welcoming several million Ukrainians fleeing Russia’s war, worries about immigration have returned to the fore.

Reporting by Gabriela Baczynska, additional reporting by Bart Meijer and Clement Rossignol, Editing by Kirsten Donovan, Crispian Balmer and Andrew Heavens

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Ukrainians brace for bleak winter as Russian strikes cripple power capacity

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  • Ukrainians brace for winter with little or no heating
  • Temperatures in several areas already below freezing
  • Kherson residents can express interest in moving elsewhere
  • Ukraine security service raids famous Kyiv monastery

KYIV, Nov 22 (Reuters) – President Volodymyr Zelenskiy appealed to Ukrainians to conserve energy amid relentless Russian strikes that have already halved the country’s power capacity, as the United Nations’ health body warned of a humanitarian disaster in Ukraine this winter.

Authorities said millions of Ukrainians, including in the capital Kyiv, could face power cuts at least until the end of March due to the strikes. Citizens in the recently liberated southern city of Kherson may apply to be relocated to areas where heating and security problems are less acute, they said.

Temperatures have been unseasonably mild this autumn, but are starting to dip below zero and are expected to drop to -20 Celsius (-4 Fahrenheit) or even lower in some areas during the winter months.

Russia has been targeting Ukrainian power facilities with rocket strikes after a series of battlefield setbacks that have included withdrawing its forces from Kherson city to the east bank of the mighty Dnipro River that bisects the country.

“The systematic damage to our energy system from strikes by the Russian terrorists is so considerable that all our people and businesses should be mindful and redistribute their consumption throughout the day,” Zelenskiy said in his nightly video address.

“Try to limit your personal consumption of electricity.”

The World Health Organization (WHO) said hundreds of hospitals and healthcare facilities lacked fuel, water and electricity to meet people’s basic needs.

“Ukraine’s health system is facing its darkest days in the war so far. Having endured more than 700 attacks, it is now also a victim of the energy crisis,” Hans Kluge, WHO’s regional director for Europe, said in a statement after visiting Ukraine.

BLANKETS

Workers were racing to repair damaged power infrastructure, Sergey Kovalenko, the head of YASNO, which provides energy for Kyiv, said on Monday.

“Stock up on warm clothes, blankets, think about options that will help you get through a long outage,” Kovalenko said. “It’s better to do it now than to be miserable.”

In a Telegram message for Kherson residents – especially the elderly, women with children and those who are ill or disabled – Deputy Prime Minister Iryna Vereshchuk posted a number of ways residents can express interest in leaving.

“You can be evacuated for the winter period to safer regions of the country,” she wrote, citing both security and infrastructure problems.

Kremlin spokesman Dmitry Peskov said the blackouts and Russia’s strikes on energy infrastructure were the consequences of Kyiv being unwilling to negotiate, the state TASS news agency reported late last week.

Ukrainian presidential adviser Mykhailo Podolyak said Russia was bombarding Kherson from across the Dnipro River, now that its troops had fled.

“There is no military logic: they just want to take revenge on the locals,” he tweeted late on Monday.

[1/5] A woman walks past a statue in the central sqaure after Russia’s military retreat from Kherson, Ukraine November 21, 2022. REUTERS/Murad Sezer

Ukraine’s Suspilne news agency reported fresh explosions in Kherson city on Tuesday morning.

Moscow denies intentionally targeting civilians in what it calls a “special military operation” to rid Ukraine of nationalists and protect Russian-speaking communities.

Kyiv and the West describe Russia’s actions as an unprovoked war of aggression.

The nine-month war has killed tens of thousands, uprooted millions and pummelled the global economy, driving up food and energy prices. The Organisation for Economic Cooperation and Development (OECD) said on Tuesday the world’s worst energy crisis since the 1970s would trigger a sharp slowdown, with Europe hit hardest.

RAID ON MONASTERY

Ukraine’s SBU security service and police raided a 1,000-year-old Orthodox Christian monastery in Kyiv early on Tuesday as part of operations to counter suspected “subversive activities by Russian special services”, the SBU said.

The sprawling Kyiv Pechersk Lavra complex – or Monastery of the Caves – is a Ukrainian cultural treasure and the headquarters of the Russian-backed wing of the Ukrainian Orthodox Church that falls under the Moscow Patriarchate.

Russia’s Orthodox Church condemned the raid as an “act of intimidation”.

Battles continued to rage in the east, where Russia has sent some of the forces it moved from around Kherson in the south, pressing an offensive of its own along a stretch of frontline west of the city of Donetsk held by its proxies since 2014.

“The enemy does not stop shelling the positions of our troops and settlements near the contact line (in the Donetsk region),” the General Staff of the Ukrainian Armed Forces said on Tuesday.

“Attacks continue to damage critical infrastructure and civilian homes.”

Four people were killed and four others wounded in Ukraine-controlled areas of Donetsk region over the past 24 hours, regional governor Pavlo Kyryleno said on Telegram messaging app.

Russian shelling also hit a humanitarian aid distribution centre in the town of Orihiv in southeastern Ukraine on Tuesday, killing a volunteer and wounding two women, the regional governor said.

Orihiv is about 110 km (70 miles) east of the Zaporizhizhia nuclear power station which has been shelled again in the past few days, with Russia and Ukraine trading blame for the blasts.

Experts of the International Atomic Energy Agency (IAEA) toured the site on Monday. The agency, which has repeatedly called for an immediate cessation of hostilities in the area to avoid a major disaster, said the experts found widespread damage but nothing that compromised the plant’s essential systems.

The Kremlin said on Tuesday that no substantive progress had been made towards creating a security zone around the nuclear plant, Europe’s largest.

Reporting by Oleksandr Kozhukhar and Maria Starkova in Kyiv, Lidia Kelly in Melbourne and Ronald Popeski in Winnipeg; Writing by Shri Navaratnam and Gareth Jones; Editing by Lincoln Feast and Alex Richardson

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‘Playing with fire’: UN warns as team to inspect damage at Ukraine nuclear plant

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  • IAEA chief warns: ‘You’re playing with fire!’ after blasts
  • Russia, Ukraine trade blame for shelling
  • President Zelenskiy says eastern region hit by heavy artillery
  • ‘Fiercest battles’ in Donetsk region, Zelenskiy says

LONDON/LVIV, Ukraine, Nov 21 (Reuters) – The head of the U.N. nuclear watchdog has warned that whoever fired artillery at Ukraine’s Zaporizhzhia nuclear power plant was “playing with fire” as his team prepared to inspect it on Monday for damage from the weekend strikes.

The attacks on Europe’s biggest nuclear power plant in the south of Ukraine came as battles raged in the east, where Russian forces pounded Ukrainian positions along the front line, President Volodymyr Zelenskiy said.

The shelling of the Zaporizhzhia nuclear power station follows setbacks for Russian forces in the Kherson region in the south and a Russian response that has included a barrage of missile strikes across the country, many on power facilities.

The International Atomic Energy Agency (IAEA) said more than a dozen blasts shook the nuclear plant late on Saturday and on Sunday. IAEA head Rafael Grossi said the attacks were extremely disturbing and completely unacceptable.

“Whoever is behind this, it must stop immediately. As I have said many times before, you’re playing with fire!” Grossi said in a statement.

Russia and Ukraine blamed each other for the shelling of the facility, as they have done repeatedly in recent months after attacks on it or near it.

Citing information provided by plant management, an IAEA team on the ground said there had been damage to some buildings, systems and equipment, but none of them critical for nuclear safety and security.

The team plans to conduct an assessment on Monday, Grossi said, but Russian nuclear power operator Rosenergoatom said there would be curbs on what the team could inspect.

“If they want to inspect a facility that has nothing to do with nuclear safety, access will be denied,” Renat Karchaa, an adviser to Rosenergoatom’s CEO, told the Tass news agency.

Repeated shelling of the plant has raised concern about a grave accident just 500 km (300 miles) from the site of the world’s worst nuclear accident, the 1986 Chernobyl disaster.

The Zaporizhzhia plant provided about a fifth of Ukraine’s electricity before Russia’s invasion, and has been forced to operate on back-up generators a number of times. It has six Soviet-designed VVER-1000 V-320 water-cooled and water-moderated reactors containing Uranium 235.

The reactors are shut down but there is a risk that nuclear fuel could overheat if the power driving the cooling systems is cut. Shelling has repeatedly cut power lines.

Russia’s defence ministry said Ukraine fired shells at power lines supplying the plant but Ukraine’s nuclear energy firm Energoatom accused Russia’s military of shelling the site, saying the Russians had targeted infrastructure necessary to restart parts of the plant in an attempt to further limit Ukraine’s power supply.

A view shows Zaporizhzhia Nuclear Power Plant from the town of Nikopol, amid Russia’s attack on Ukraine, in Dnipropetrovsk region, Ukraine November 7, 2022. Picture taken through glass. REUTERS/Valentyn Ogirenko/File Photo

‘FIERCEST BATTLES’

In eastern Ukraine, Russian forces battered Ukrainian front-line positions with artillery fire, with the heaviest attacks in the Donetsk region, Zelenskiy said in a video address.

Russia withdrew its forces from the southern city of Kherson this month and moved some of them to reinforce positions in the eastern Donetsk and Luhansk regions, an industrial area known as the Donbas.

“The fiercest battles, as before, are in the Donetsk region. Although there were fewer attacks today due to worsening weather, the amount of Russian shelling unfortunately remains extremely high,” Zelenskiy said.

“In the Luhansk region, we are slowly moving forward while fighting. As of now, there have been almost 400 artillery attacks in the east since the start of the day,” he said.

Ukraine’s military in an early Monday update confirmed heavy fighting over the previous 24 hours, saying its forces had repelled Russian attacks in the Donetsk region while Russian forces were shelling in the Luhansk region in the east and Kharkiv in the northeast.

In the south, Zelenskiy said troops were “consistently and very calculatedly destroying the potential of the occupiers” but gave no details.

Kherson city remains without electricity, running water or heating.

Ukraine said on Saturday that about 60 Russian soldiers had been killed in a long-range artillery attack in the south, the second time in four days that Ukraine has claimed to have inflicted major casualties in a single incident.

Russia’s defence ministry said on Sunday that up to 50 Ukrainian servicemen were killed the previous day along the southern Donetsk front line and 50 elsewhere.

Reuters was not able to immediately verify any battlefield reports.

Russia calls its invasion of Ukraine a “special operation” to demilitarize and “denazify” its neighbour, though Kyiv and its allies say the invasion is an unprovoked war of aggression.

Oleh Zhdanov, a military analyst in Kyiv, said that according to his information, Russian offensives were taking place on the Bakhmut and Avdiivka front line in the Donetsk region, among others.

“The enemy is trying to break through our defences, to no avail,” Zhdanov said in a social media video. “We fight back – they suffer huge losses.”

Reporting by Guy Faulconbridge in London, Pavel Polityuk in Kyiv, Caleb Davis in Gdansk and David Ljunggren in Ottawa; Additional reporting by Francois Murphy in Vienna and Lidia Kelly in Melbourne;
Writing by Guy Faulconbridge, David Ljunggren and Shri Navaratnam;
Editing by Robert Birsel

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