Airframers – Page 109
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News
Spirit to close Asco deal by October after delays
Spirit AeroSystems remains interested in acquiring Belgian aircraft component maker Asco despite further delays stemming from a cyber attack against Asco's systems.
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Spirit AeroSystems earns $168m Q2 profit despite 737 grounding
Spirit AeroSystems’ second quarter net profit jumped 16% year-on-year to $168 million despite a surge in costs related to the grounding of the Boeing 737 Max.
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Military sales help lift Leonardo's first half revenues
A robust performance in military rotorcraft and defence electronics offset problems in aerostructures and weak demand for offshore helicopters to help Leonardo to a 7% increase in first-half revenues to €6 billion ($6.7 billion).
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Boeing to issue $5.5 billion of debt for Embraer purchase
Boeing intends to raise $5.5 billion through a previously announced debt issuance to help fund its planned purchase of majority ownership of Embraer’s commercial aircraft division.
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Embraer's Q2 commercial aircraft deliveries slip year-on-year
Brazilian aircraft maker Embraer’s second quarter commercial aircraft deliveries declined year-on-year to 26 aircraft, though the number of handoffs increased from the first quarter of this year.
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Boeing intends to issue debt to fund Embraer purchase
Boeing intends to issue debt to fund the majority of its planned $4.2 billion acquisition of Embraer’s commercial division, a deal the companies hope will close by the end of the year.
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OpinionMax costs keep rising but airlines have few options
For months, Boeing has framed its 737 Max issues as a temporary, though unfortunate, setback to an aircraft programme that will surely rise again.
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AnalysisBoeing warns of 737 production halt as grounding slams Q2 results
Boeing has warned it could decide to stop 737 Max production should the ongoing regulatory review extend beyond the company’s current expectation.
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NewsGeneral Dynamics' Q2 aerospace profit slips to $331m
General Dynamics’s aerospace business earned an operating profit of $331 million in the second quarter of 2019, down 14% from $386 million in the second quarter of last year.
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News
Senate confirms Steve Dickson to lead FAA
The US Senate on 24 July voted 52 to 40 in favour of confirming Steve Dickson to become administrator of the US Federal Aviation Administration at a time when the agency faces scrutiny from lawmakers to reform its oversight of aviation safety.
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NewsGE9X engine issue pushes 777X first flight to 2020
An issue with the General Electric GE9X powerplants that will power the Boeing 777X has delayed that aircraft’s first flight until 2020, the airframer has disclosed.
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NewsPICTURE: First MA700 starts coming together
AVIC has joined three major sections the the first MA700 turboprop aircraft.
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Boeing's $5.6bn 737 Max hit surprises some investment analysts
Financial analysts have expressed surprise at the scope of the 737 Max-related charge Boeing will take in the second quarter, though they find optimism in Boeing’s intention to maintain 737 Max production at the current rate.
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NewsRIAT: Airbus unveils Bird of Prey concept
Airbus has revealed a hybrid-electric 80-seat airliner design – with "feathered" wing and tail structures mimicking an eagle or falcon.
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Boeing to take $4.9bn Q2 charge due to 737 Max grounding
Boeing will take a $4.9 billion after-tax charge in its second quarter financial results, reflecting estimated costs associated with the 737 Max grounding.
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United wants ‘clarity’ from Boeing on NMA
United Airlines says Boeing has a little more time to make a decision about its New Mid-market Airplane (NMA) programme, confirming that the US major is in talks with both large jet manufacturers.
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NewsTextron CEO sees possible simulator mandate for Max pilots
The chief executive of Textron says signs suggest aviation regulators may require Boeing 737 Max pilots to complete simulator training, though perhaps not immediately when the global grounding lifts.
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NewsTextron's Q2 revenue sags amid aircraft demand concerns
Textron’s aircraft manufacturers delivered fewer units in the second quarter of 2019 as revenue slipped, stoking concern about the health of the business-jet market among investment analysts.
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News
ALPA and US lawmakers ask ICAO to review pilot training standards
The largest US pilots' union and US lawmakers have urged civil aviation agency ICAO to review its global pilot training standards – requests coming in a wake of two deadly Boeing 737 Max crashes.
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OpinionHow the Airbus effect transformed A220 sales
Back when the Airbus A220 was still the Bombardier-owned CSeries, there was always the sense that the twinjet was a good product whose potential was hamstrung by, well, everything else.