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Boeing’s 737 and Airbus’ (AIR.PA) A320 family of single-aisle jetliners are each aircraft makers’ cash cows, and deliveries translate into big payments from airlines. Boeing also said its 2018 net orders totaled 581 aircraft through August, up from 487 toward the end of July. That includes 90 orders in August for 737 variants from leasing firms and unidentified customers. Industry sources said many of those orders confirmed business unveiled at the Farnborough Airshow in July. Airbus has been slower to confirm such orders than in the previous two years, when most air show business had been formalized by the end of August. Airbus this week posted 219 net orders for January to August, including five in August.

It had announced firm orders sun concho cufflinks for 145 aircraft at Farnborough, including some in its books before the event took place, leaving around 90 orders still to reach its books, Airbus said some orders were in the process of being audited and warned against reading too much into the pace of bookings, “One month is not representative of the entire year, especially August,” a spokesman said, referring to the summer slowdown in European business, But the gap raised fresh questions over a landmark order for34 extra A330neo wide-body aircraft from AirAsia (AIRA.KL), The Farnborough deal had brought the group’s A330neo order to 100and was seen as key to shoring up the slow-selling model..

It came after a struggle between Airbus and Boeing overlong-haul carrier AirAsia X, part of Malaysia’s AirAsia(AIRA.KL), Airbus’s largest Asian customer. [L8N1UF4RI]. In July, Airbus called that deal “firm,” which observers say usually means approvals have been received and deposits paid. But two industry sources said details had yet to be resolved. Industry publication CAPA reported last week that AirAsia X could switch 40 of its A330neo orders to the smaller A321neo,effectively cancelling out the Farnborough announcement.

(Reuters) - Billionaire investor Daniel Loeb’s Third Point LLC is launching a proxy fight to remove the entire sitting board at Campbell Soup Co, charging the American food company with being in a “mess” and faulting the board for failing to take corrective action, sun concho cufflinks Loeb’s $18 billion hedge fund, which owns a 5.65 percent stake, is nominating 12 people, according to a letter sent to Campbell’s board on Friday, The slate includes executives from the hedge fund, a descendant of the inventor of Campbell soup, and experts in marketing, operations, and transactions..

Loeb’s move comes one week after Campbell unveiled a strategic review, deciding to sell two businesses. Previously Third Point has said that under the current management team and board, the company should put its entire business up for sale. But its stance has shifted somewhat to suggest that other outcomes might be possible with a new board. Investors had expected Loeb to ask for board seats, but pushing to throw out all sitting directors is a rare step in the industry and especially for Third Point, which usually asks for only a few board seats.

Third Point said it took the step because the board failed to “understand the depth of the Company’s crisis” and failed to take “bold action.”, Loeb said the board stood by as the company went on an acquisition spree and said $7 billion in value was destroyed since 2016, Campbell’s stock price is now 20 percent lower than it was 20 years ago, Loeb said, criticizing the board for failing to have a CEO succession plan in place, sun concho cufflinks This year the stock price has lost 17 percent..

“At this point, it would be simply reckless to leave the Board that caused this mess in charge of fixing it,” Loeb said. Campbell said in a written statement in response to Loeb’s move that the board determined the best way forward is “to optimize the company’s portfolio, divest certain businesses and pay down debt.” It also said it was open to evaluating all strategic options in the future. As Third Point seeks to remake the board, it has allied itself with George Strawbridge, a grandchild of chemist John Dorrance who invented condensed soup and ran the company nearly a century ago. Strawbridge previously sat on the Campbell’s board and may now be called on to convince the family, which jointly owns roughly 41 percent of the shares, that updating is needed at the company.

The Third Point slate also includes William Toler, former chief executive of Hostess Brands, and Munib Islam, a partner at Third Point, And it includes three women: lawyer Franci Blassberg, marketing executive Sarah Hofstetter and Bozoma Saint John, who had been chief brand officer at Uber, However, Loeb could face an uphill struggle for control of Campbell Soup, given the large stake owned by Dorrance descendants and the fact two grandchildren and a great grandchild currently sit on the board, Third Point last sun concho cufflinks ran a proxy contest four years ago and reached a settlement for three seats on the board of auction house Sotheby’s..

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