All articles by Jon Hemmerdinger – Page 65
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NewsUS start-up GlobalX lands FAA operating certificate
US start-up GlobalX has received an aircraft operating certificate from the Federal Aviation Administration, moving the company closer to starting passenger charter flights, says GlobalX’s media representative.
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NewsUS business travel could hit 80% of 2019 levels by end-2022, pandemic effects could last longer: report
US corporations’ travel spending will likely inch up to 25-35% of 2019 levels by the end of 2021 and up to 80% by the end of 2022 – though full recovery depends on how significantly the pandemic changed corporations’ view of business travel.
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NewsUS export bank backs Turkish Airlines’ $833m purchase of Boeing jets
The USA’s export-credit agency has agreed to guarantee $833 million in financing for the acquisition by Turkish Airlines of an undisclosed number of Boeing 737 Max and 787s.
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NewsParker Hannifin to acquire Meggitt as aerospace merger activity resumes
Aerospace mergers are back, with US manufacturer Parker Hannifin revealing plans to nearly double the size of its aerospace systems business by acquiring UK-based aerospace company Meggitt for £6.3 billion ($8.8 billion) in cash.
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NewsBombardier reaches deal with union three days into Downsview strike
Three days after a strike began, Bombardier has reached an employment deal with the union representing employees at its Global business jet manufacturing site in the Downsview section of Toronto.
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In depthGE Aviation ‘buttoning up’ Catalyst flight approvals, eyes applications besides Beechcraft’s Denali
GE Aviation is awaiting European certifications needed to begin flight testing its Catalyst turboprop, and aims to achieve first flight – which was to have occurred last year – in the coming months.
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NewsProfit jumps in second quarter at Textron Aviation as aircraft demand rebounds
Textron Aviation’s profits jumped in the second quarter to $96 million as the company’s aircraft deliveries neared pre-pandemic levels.
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NewsAs profits jump, Gulfstream prepares to hike deliveries, tackle G700 certification difficulties
After earning a $195 million profit in the second quarter, General Dynamics’ aerospace division – which is anchored by business jet maker Gulfstream – is preparing to boost deliveries in the second half in response to improving demand.
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NewsBoeing needs new emissions-compliant freighter, 777X variant is ‘logical’ choice: CEO
Boeing’s chief executive views a freighter version of the 777X as a logical next aircraft programme for the Chicago-based airframer, noting Boeing will need a cargo jet that complies with looming aircraft emission standards.
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NewsBoeing might need to adjust 737 production ramp if China’s approval slips beyond 2021
Boeing could need to reduce its planned 737 Max production ramp if Chinese aviation regulators do not lift the Max’s grounding before year end, as Boeing predicts it will.
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NewsBoeing returns to profitability in second quarter
Boeing is back in the black after the US airframer turned a $567 million profit in the second quarter of 2021, marking the company’s first quarterly profit since the second half of 2019. However, the airframer’s commercial aircraft business remained loss-making.
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NewsBombardier and De Havilland Downsview workers go on strike
Bombardier and De Havilland Canada unionised workers at the Downsview production site in Toronto are on strike, a move coming amid contract negotiations and as both companies work to wrap up their Downsview presence. Downsview is home to Bombardier’s Global business jet production facility and De Havilland’s Dash 8-400 production site.
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NewsRaytheon CEO says significant narrowbody rate hikes pose supplier ‘challenge’
One aerospace supplier says it could struggle to meet demand if Airbus and Boeing significantly hike narrowbody production in the coming years, a warning that recalls the pressured growth conditions that plagued aerospace suppliers prior to Covid-19.
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NewsDemand for aftermarket services push P&W and Collins to Q2 profits
Surging commercial aftermarket revenue helped push Collins Aerospace and Pratt & Whitney – both divisions of Raytheon Technologies – to profits in the second quarter of 2021.
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NewsJetBlue returns to profitability in Q2 with government aid
JetBlue Airways swung to a $64 million profit in the second-quarter of 2021, a result reflecting US government Covid-19-related aid and an improving air travel market. Excluding special items, which include government payroll-support grants, JetBlue would have lost $206 million in the second quarter.
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NewsGE earns $176m second-quarter profit as engine orders and deliveries tick higher
GE Aviation has continued its profit streak, earning $176 million in the second quarter of 2021 amid revenue gains and a significant bump in orders for new engines.
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NewsUnion threatens strike as De Havilland moves to relocate Dash 8 production
The union representing De Havilland Canada’s manufacturing workers has threatened to strike as early as 27 July over issues related to potential layoffs and De Havilland’s planned relocation of Dash 8 production.
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NewsBoeing video reviews fuselage ‘gap’ issue that prompted 787 delivery halt
Boeing has released a video about the fuselage-related quality issues that led the company to halt deliveries of 787s. The Chicago-based airframer released the video on 23 July alongside an email from Boeing Commercial Airplanes chief executive Stan Deal to all Boeing’s commercial aircraft employees.
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AnalysisWhy the ill-timed 777X can still be a winner for Boeing
Pandemic, decimated international travel demand and certification delays. Why Boeing’s chief executive has no regrets about developing the 777X.
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Analysis787 programme’s future remains bright, though scope of fuselage issues unclear
But despite stopping deliveries, despite fuselage issues, despite withered demand for international travel and despite markedly reduced 787 production rates, analysts still foresee bright tomorrows for the jet.