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Turkish Airlines Signs MoU for Purchase of 300 LEAP-1B Engines with CFM
Turkish Airlines and CFM International signed a Memorandum of Understanding for the purchase of more than 300 LEAP-1B engines, including spares, to power 100 firm and 50 option Boeing 737 MAX aircraft announced in September 23. The long-term services agreement will cover airline's entire LEAP-1B engine fleet, including previously ordered and delivered engines, spares, and engines associated with leased aircraft and potential options. Together, these represent more than 600 LEAP-1B engines operated by Turkish Airlines and its subsidiary AJet. The MoU was signed during a ceremony in Istanbul by Prof. Murat eker, Chairman of the Board and the Executive Committee of Turkish Airlines, Mikail Akbulut, CEO and Board Member of Turkish Technic, and Olivier Andries, CEO of Safran, one of CFM's two parent companies. It also includes a material services agreement to support the establishment of an engine maintenance, repair, and overhaul facility in Turkiye. As Turkiye's flag carrier, Turkish Airlines currently operates a fleet of 96 Boeing 737 Next Generation aircraft with CFM56-7B engines (including Ajet Fleet), as well as 79 Boeing 737 MAX aircraft powered by LEAP-1B (including AJet fleet).
S&P 500 Earnings Expected to Grow 30% in Q3
Stocks had a flattish session as investors digested earnings reports from big banks, as well as other major names like UnitedHealth and Domino's Pizza. Analysts expect S&P 500 earnings to grow 30% year-over-year in the third quarter, according to LSEG data. Meanwhile, Federal Reserve Bank of New York President John Williams told Bloomberg in an interview that it "may be appropriate to have one more rate hike."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Big banks kicked off earnings season, with Citiand Goldman Sachsposting upbeat results, Wells Fargoreporting mixed quarterly results, and JPMorganreporting lower-than-expected Q3 earnings and revenueUnitedHealthprovided a "beat and raise" report for Q3Johnson & Johnsonalso provided a "beat and raise" report for Q3Domino's Pizzareported better-than-expected Q3 earnings and revenueAppleintroduced the Apple Home Collection lineup of smart home accessories, as well as a new 4K Apple TV and Apple HomeView2. WALL STREET CALLS:VF Corp.upgraded to Buy at Truist and to Overweight at Piper SandlerPershing Square Inc.downgraded to Underperform from Neutral at BofAViking Holdingsupgraded to Overweight at BarclaysSecuritizedowngraded to Neutral at CitiAdobedowngraded to Hold at HSBC3. AROUND THE WEB:Boeingis set to begin deliveries of 737 Max aircraft to Japan's All Nippon Airways in December, Nikkei Asia reportsTake-Two'sRockstar intends to release a PC version of "Grand Theft Auto VI" during the first quarter of 2027, GamesBeat reportsTencenttold investors its planned bond offering of $5B will finance AI-related expenditures, Bloomberg saysKrogeranticipates a reduction of over one-third of its corporate headcount, eliminating about 3,000 roles across various functions over the next 3 years, Bloomberg reportsEpic Games has postponed the release of an upcoming video game collaboration with Disneyand has told its developers to use more AI tools to complete the game, Bloomberg says4. MOVERS:Bumblegained after announcing it will be acquired by Ithaca for $6.05 per share in cashFermirose after signing a credit support agreement with AMDBigBear.aiwas higher after securing more than $225M in contract awardsSyndaxwas lower after announcing its idiopathic pulmonary fibrosis study did not meet its endpointSix Flagsfell after one park visitor died and four others were injured at Six Flags Over Georgia5. EARNINGS/GUIDANCE:Unity Bancorpreported Q3 results, with CEO James Hughes calling it "another strong quarter"FB Financialreported Q3 results, with EPS in-line with consensusBeam Globalreported preliminary Q3 resultsScienturereported preliminary Q3 results, with revenue missing consensusAlbertsonsreported Q2 results, with CEO Susan Morris stating the results "do not reflect the potential of the Company"INDEXES:The Dow fell 180.45, or 0.35%, to 51,670.10, the Nasdaq lost 41.52, or 0.15%, to 27,204.38, and the S&P 500 declined 1.79, or 0.02%, to 7,805.45.
Boeing Announces 161 Commercial Airplane Deliveries for Q3 2026
Boeing announced major program deliveries across its commercial and defense operations for the third quarter of 2026, including 161 commercial airplane deliveries.
Avolon Signs Firm Orders for 250 New-Technology Aircraft from Boeing and Airbus
Avolon announced firm orders for 250 new-technology aircraft from Boeing (BA) and Airbus (EADSY). Orders for 250 New-Technology Aircraft: Entered into a firm order with Boeing for 140 737 MAX aircraft; Entered into a firm order with Airbus for 110 aircraft, comprising 75 A320neo family aircraft and 35 A330neo family aircraft, with options for a further 100 aircraft; The new orders support the long-term fleet requirements of Avolon's airline customers; Following the orders, Avolon's total firm aircraft commitments have increased to 749 aircraft; The firm orders remain subject only to the approval by the shareholders of Bohai Leasing, Avolon's 70% shareholder, which is expected before the end of October 2026
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