All articles by Jon Hemmerdinger – Page 58
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Investor scraps plan to acquire Transat: reports
Canadian billionaire investor Pierre Karl Peladeau has reportedly scrapped his effort to acquire Transat AT, the Montreal company that owns leisure carrier Air Transat.
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Fractional-jet operator Airshare orders three Challenger 350s, takes 17 options
US fractional jet ownership company Airshare has ordered three Bombardier Challenger 350 business jets and taken options to purchase another 17, with the first three deliveries scheduled for 2021.
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Full impact of US pipeline shutdown still unclear, American reroutes two flights
At least one US airline has rerouted flights after a cyber-attack forced the shutdown of a pipeline system that provides nearly half the fuel consumed in the eastern USA.
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Boeing’s orders inch higher in April on fewer cancellations
Boeing’s aircraft orders outnumbered cancellations again in April, marking the third consecutive month of order expansion for the Chicago airframer.
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321 Precision nears first A321-200PCF delivery, more conversions to begin in June
Aircraft conversion shop 321 Precision Conversions is close to delivering its first Airbus A321 converted freighter, and plans to begin work on a second conversion in June.
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Arlington Capital buys Triumph’s aerostructures sites, names business ‘Qarbon’
Triumph Group has completed the divestment of three aerostructures manufacturing sites to private equity company Arlington Capital Partners, which has renamed the businesses Qarbon Aerospace. The deal closed on 10 May, around nine months after it was disclosed by Pennsylvania firm Triumph and Maryland-based Arlington Capital. The companies have not ...
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Avelo plans US East Coast expansion with New Haven base
Recently launched US start-up Avelo Airlines will expand to the US East Coast this year with flights from Tweed New Haven airport in Connecticut.
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Bombardier makes first-quarter loss but hopes worst of downturn ‘behind us’
Bombardier’s operating business lost $251 million in the first quarter of 2021, but the company’s chief executive insists the aerospace industry has turned a corner and that an upswing is under way.
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Acubed CEO Cousin takes engineering job at Universal Hydrogen
Mark Cousin, who has been chief executive of Airbus innovation arm Acubed, is leaving that company to be vice-president of engineering at hydrogen-fuel development start-up Universal Hydrogen.
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Spirit AeroSystems loses $171m in first quarter on back of 787 and A350 costs
A $72 million charge against two key widebody aircraft programmes, combined with other pandemic-related expenses, pushed Spirit AeroSystems to a $171 million loss in the first quarter of 2021, against a loss of $163 million in the same period of 2020.
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Corrosion caused by storage prompts FAA to order Leap-1B checks
The Federal Aviation Administration is requiring airlines perform checks to prevent storage-induced corrosion issues involving CFM International Leap-1B engines.
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Perlan plans for 2021 flights following loss of ‘compass’ Enevoldson
Einar Enevoldson was the legendary test pilot behind a project that has flown sailplanes to altitudes exceeding 70,000ft, capturing records and advancing high-altitude scientific research.
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Glimmers of optimism for US MRO sector, recovery pace unclear
The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand.
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Transat secures C$700m in government aid
Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government.
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Boeing trims loss to $561m in first quarter as deliveries accelerate
Boeing narrowed its first-quarter loss to $561 million, a massive improvement on the $8.4 billion loss it registered in the fourth quarter of last year, and better than the $641 million loss in the same period of 2020.
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P&W keeps profitable in Q1, engine deliveries inch higher
Engine maker Pratt & Whitney squeaked out a $20 million operating profit in the first quarter of 2021, a period during which its deliveries of large commercial aircraft engines bumped higher.
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Magnix and Boom CEOs ask lawmakers to support electric aviation, sustainable fuel
The chief executive of propulsion company Magnix has urged the US government to set ambitious electric-aircraft goals, while the head of Boom Supersonic has asked the government to throw weight behind sustainable fuel.
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First flight of Boom’s XB-1 demonstrator could happen next year: CEO
The chief executive of Boom Supersonic has left open the possibility that the company’s supersonic demonstrator may not get airborne until next year.
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GE Aviation lost 1,900 Leap orders in 12 months
GE Aviation lost orders for about 1,900 Leap-1B turbofans in the last year, a period influenced both by the Boeing 737 Max grounding and the pandemic.
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GE Aviation turns $641m Q1 profit despite revenue hit
GE Aviation remained in the black during the first quarter of 2021, earning a $641 million profit despite significant declines in revenue from engine services.