All articles by Jon Hemmerdinger – Page 7
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NewsBoeing delivered 14 jets during strike-hit October
Boeing landed new orders for 63 jets during October and, despite most of its Pacific Northwest factory workers being on strike, still managed to deliver 14 aircraft last month – nine 737 Max single-aisles and five widebodies.
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NewsSpirit AeroSystems secures fresh loan from Boeing amid cash crunch
Boeing has agreed to loan aerostructures manufacturer Spirit AeroSystems up to $330 million, a move coming just days after Spirit warned that a cash crunch threatened the viability of its business.
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NewsAvia Solutions orders 40 Boeing 737 Max 8s
Aircraft lessor and airline operator Avia Solutions Group has ordered 40 Boeing 737 Max 8s, marking the company’s first direct purchase from the US manufacturer.
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NewsBoeing’s top safety officer to retire as company revives production following strike
On 11 November, the aircraft manufacturer said Boeing Commercial Airplanes (BCA) senior vice-president of quality Elizabeth Lund, who led the company’s public response to the January in-flight blow out of a 737 Max 9’s door plug, will retire in December.
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NewsP&WC aims to demonstrate hydrogen-burning turboprop
Pratt & Whitney Canada (P&WC) has embarked on a government-supported project to evaluate using hydrogen as fuel for a PW127XT turboprop.
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NewsEngine shortages leave Embraer unable to hit 2024 E-Jet production target
Embraer has scaled back its 2024 E-Jet delivery expectations due to engine shortages and other supply chain troubles that continue hampering the Brazilian manufacturer’s ability to speed up production.
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NewsBombardier swings to $117m Q3 profit and plans year-end delivery push
Strong performance from Bombardier’s aftermarket services business pushed the Montreal business jet manufacturer to a $117 million profit for the third quarter of 2024, reversing a $37 million loss during the same period last year.
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NewsNASA begins X-59 engine runs and now aims for 2025 first flight
The NASA team developing the X-59 supersonic demonstrator jet have fired up the aircraft’s GE Aviation F414-GE-100 powerplant for the first time, having started engine-run tests on 30 October.
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NewsSpirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing’s sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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NewsFormer Spirit Airlines CEO and ULCC pioneer Ben Baldanza dies at 62
Ben Baldanza, who worked four decades in the US airline industry and helped create the ultra-low-cost model as former chief executive of Spirit Airlines, died on 5 November at age 62 after battling amyotrophic lateral sclerosis (ALS).
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NewsStrike ends as machinists approve new contract with Boeing
Members of the International Association of Machinists (IAM) have ratified a four-year contract with Boeing, ending a 53-day strike that cost the company billions of dollars and forced it to halt aircraft production in the Pacific Northwest.
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NewsInvestment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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AnalysisTariffs, mergers, missiles and SAF: what Harris and Trump policies would mean for airlines and aerospace
The US presidential election on 5 November could determine much about the next four years for US airlines and aerospace manufacturers, leaving firms possibly facing major new policy shifts – or continuation of the status quo.
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Airline BusinessAir Canada turns C$1bn profit, reports ‘stable’ business amid increasing costs
Demand for international air travel helped push Air Canada to a C$1 billion ($720 million) operating profit in the third quarter of 2024, with executives broadly describing market conditions as healthy despite upward-creeping costs and ongoing aircraft delivery delays.
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NewsHonda cleared by FAA to begin eVTOL demonstration flights
A division of Honda appears set to begin flight testing a scaled-down prototype of an unmanned electric aircraft, though few details about the development programme are known.
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News‘Frustrating’: JetBlue executives unable to finalise post-2025 plan due to P&W recall
JetBlue Airways has yet to finalise its business plan after 2025 due to what executives describe as a frustrating lack of detail about the long-term operational impact of Pratt & Whitney’s (P&W) ongoing recall of PW1000G engines.
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NewsNasdaq stock exchange to delist Lilium following insolvency filings
The Nasdaq stock exchange will halt trading of financially embattled air taxi developer Lilium’s shares after 5 November, a move coming in response to insolvency filings for two of the German company’s main subsidiaries.
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NewsJetBlue swings to $60m third-quarter loss but points to improving financial trends
JetBlue Airways lost $60 million in the third quarter of 2024 but insists its turnaround plan is yielding results, citing improving cost and revenue trends.
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NewsTextron trims 2024 financial estimates due to machinists’ strike, delivery slowdown
Executives cut $500 million off Textron Aviation’s expected 2024 revenue following month-long walkout by machinists
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NewsMoody’s thinks Boeing still has negotiating room with union as cash crunch continues
Boeing faces the prospect of losing billions more dollars in the fourth quarter and may need to accelerate efforts to raise cash after machinists on 23 October voted down another of the company’s contract offerings.