All articles by Jon Hemmerdinger – Page 47
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Textron Aviation’s Q3 revenue rockets, CEO downplays supply constraints
Textron Aviation’s third-quarter revenue jumped nearly 50% year-on-year amid a booming business aircraft market that has left the Wichita airframer with considerable leverage to set and hold firm aircraft prices.
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Bombardier makes third-quarter loss, but business jet revenue surges
Montreal airframer Bombardier lost $377 million in the third quarter of 2021 but saw a 17% bump in business jet revenue amid surging demand for private aircraft.
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Boeing hikes 737 production but China remains wildcard
Boeing has increased 737 production to 19 jets monthly and is on track to hit a 31-monthly rate in 2022 and to clear its hundreds-strong Max backlog in 2023.
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Boeing’s 777X hitting performance goals, CEO confident in 2023 deliveries
Boeing’s 777-9 is meeting performance expectations and the company still expects to begin delivering the jets in late 2023, despite repeated delays and close scrutiny by regulators.
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Spirit logs $15m Q3 profit despite widespread flight disruptions
Buoyed by government aid and despite several days of severe operational disruption, Spirit Airlines turned a $14.8 million profit in the third quarter of 2021.
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Allegiant turns Q3 profit despite operational 'challenges'
Discounter Allegiant Air turned a $39.3 million profit in the third quarter, but its chief executive echoed peers in citing operational hiccups due to the pandemic and labour shortages.
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Boeing creates product team to study technology for new commercial jet
Boeing recently established a new product team charged with working on development of a future commercial aircraft, though the company has released few details about the project.
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Boeing has completed most 787 rework, now focused on problem with titanium parts
Boeing has completed “most” rework required for its undelivered 787s but is still addressing recently revealed problems involving titanium parts supplied by an Italian company.
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Boeing loses $132m in third quarter and warns of $1bn in 787 costs
Boeing’s commercial aviation business lost nearly $700 million in the third quarter, a period during which the airframer delivered no 787s while continuing to build them at a reduced rate of two per month.
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Recovery continues, but Raytheon trims guidance due to supply chain and 787 troubles
Supply chain pressures and Boeing’s halt of 787 deliveries are eating into Raytheon Technologies’ sales, leading the company to revise its 2021 sales expectations.
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Breeze unveils first A220-300, rolls out ‘premium’ seats
US start-up Breeze Airways has unveiled its first Airbus A220, showing off the aircraft a Mobile event that comes several months after the company launched flights using Embraer regional jets.
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GE Aviation’s third-quarter profit jumps as orders and aftermarket demand accelerate
General Electric’s aviation business turned a $846 million profit in the third-quarter of 2021 as orders for new aircraft engines and demand for aircraft aftermarket services recovered from 2020 lows.
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JetBlue turns third-quarter profit with government support
JetBlue Airways turned a $130 million profit in the third quarter of 2021, buoyed by $186 million in financial aid related to US government coronavirus relief packages.
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GE to close GECAS sale to AerCap on 1 November
General Electric expects to complete the sale of its GECAS unit to Irish aircraft lessor AerCap Holdings on 1 November.
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GE and P&W win NASA contracts to boost turbofan core efficiency
Pratt & Whitney and GE Aviation have won NASA contracts to develop technologies aimed at increasing the thermal efficiency of future commercial turbofan engine cores.
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USA to open borders to vaccinated travellers on 8 November
The US government will reopen US borders to air passengers arriving from Europe and several other nations on 8 November, with the stipulation that arriving passengers be vaccinated against Covid-19.
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Spirit sticks with PW1100Gs for another 100 A320neo-family jets
US discounter Spirit Airlines is sticking with Pratt & Whitney geared turbofans to power at least another 100 incoming Airbus A320neo-family jets.
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Indicted 737 Max pilot’s lawyers seek trial delay, judge denies bid to keep documents private
Attorneys for the former Boeing pilot indicted on charges related to certification of the 737 Max have asked a federal judge to delay a scheduled November trial, citing the need to review 67 million pages of documents.
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American chief pledges to fight DOJ suit challenging JetBlue partnership
American Airlines chief executive Doug Parker is taking a fighting stance with the DOJ, signalling no intention of backing down or even of pursuing a settlement with the US government.
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American turns Q3 profit with nearly $1b in government aid
American Airlines remained profitable in the third quarter of 2021 thanks to US government pandemic-related aid, as executives predict business travel will recover in 2022.