All articles by Jon Hemmerdinger – Page 107
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News
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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News
GE Aviation Q2 profit slips as 737 Max grounding hits earnings
The grounding of the Boeing 737 Max took a $300 million bite out of General Electric’s second quarter results, and GE warns the grounding could shave another $800 million off earnings in the second half of 2019.
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NewsAir France shows off A220 in digital rendering
Air France has released images and video of an Airbus A220-300 decked in the company’s colours, showcasing what will be the latest addition to its fleet.
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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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NewsCape Air team inspects two P2012 Travellers ahead of deliveries
Cape Air has edged closer to receiving its first Tecnam P2012 Travellers, with airline staff having recently inspected the first two of those aircraft at Tecnam’s headquarters in Capua, Italy.
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737 Max grounding prompts Southwest to cease Newark service
Southwest Airlines will end service at Newark Liberty International airport on 3 November in response to constraints created by the grounding of the Boeing 737 Max, the airline says on 25 July.
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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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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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News
P&W's Q2 profit jumps even as large jet engine shipments slow
Pratt & Whitney’s second quarter operating profit jumped 7% year-on-year to $424 million amid continued cost reduction and an increase in engine shipments.
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News
Collins Aerospace Q2 profits surge amid strong aftermarket demand
United Technologies is anticipating better-than-expected 2019 results from its Collins Aerospace business following a quarter in which the unit’s profits more than doubled.
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NewsKorean firms order for 20 787s
Korean Air has firmed an order for 20 Boeing 787s, finalising a letter of intent the carrier signed last month at the Paris air show.
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News
US government approves American-Qantas JV
The US Department of Transportation has approved the proposed joint venture between American Airlines and Qantas, clearing the final barrier to the carriers’ plans to coordinate transpacific flights.
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News
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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News
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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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 warns of potential trend to single-pilot commercial aircraft
The Air Line Pilots Association is fighting to ensure large commercial aircraft do not evolve to have only one pilot.