All articles by Jon Hemmerdinger – Page 71
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NewsBoeing 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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NewsP&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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NewsMagnix 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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NewsFirst 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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NewsGE 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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NewsGE 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.
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NewsNASA envisions revived US regional air transportation network
The USA’s many small, underused airports, combined with autonomous and electric-propulsion technologies, could enable a vast new US regional air transportation system.
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NewsAeromexico seeks to cut Boeing orders, proposes 28 new jets
Mexican carrier Aeromexico intends cut its Boeing 737 Max orders and acquire more 787s as part of a proposed restructured aircraft purchase agreement with the Chicago airframer.
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NewsNew 737 Max issue affects nearly two dozen airlines, 106 jets: FAA
The US Federal Aviation Administration has disclosed new details about an electric problem that forced the grounding of more than 100 recently-produced Boeing 737 Max.
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NewsUniversal Hydrogen lands $20.5m investment, Airbus and JetBlue arms contribute
Investment arms of Airbus and JetBlue Airways are among companies that have invested a combined $20.5 million in Universal Hydrogen, the Paul Eremenko-backed firm developing a hydrogen-fuel distribution and storage system.
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NewsBill to reduce disease transmission on jets targets airworthiness standards
US lawmakers have proposed a union-backed bill that seeks to prevent the spread of disease within the commercial aviation sector, including by changing aircraft certification requirements.
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NewsAlaska stems losses in Q1, buoyed by US government funds
Alaska Air Group lost $131 million in the first quarter of 2021, a significant improvement from the previous quarter thanks largely to pandemic-related US government aid.
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NewsCanada proposes C$2 billion in aerospace aid
Canada’s federal government has proposed providing the aerospace industry with C$2 billion ($1.6 billion) in aid over multiple years to help the sector recover from the pandemic downturn.
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NewsUS DOT’s inspector general begins third review of FAA’s Max oversight
The US Department of Transportation’s top inspector has commenced a third investigation into the Federal Aviation Administration’s oversight of the Boeing 737 Max, this time examining the FAA’s grounding and re-certification of the jetliner.
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NewsBoeing shareholders grant board chair Kellner another term
Boeing’s shareholders re-elected ten company board members, including chair Lawrence Kellner, to another term on 20 April, while rejecting a proposal to require the company disclose more lobbying details.
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NewsBoeing plans to transfer Paine Field Dreamlifter center to FedEx: report
Boeing declines to comment about a recent report that the company has nearly finalised a deal to transfer the lease its Dreamlifter cargo facility at Paine Field in Everett to air cargo giant FedEx.
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NewsBoeing CFO Smith to retire, Boeing board ups retirement age for CEO Calhoun
Longtime Boeing chief financial officer Greg Smith, an executive who some observers had suspected might be the company’s next chief executive, will retire from the airframer, effective 9 July.
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NewsSwiss company H55 to provide batteries for Harbour Air’s electric Beaver
Swiss battery company H55 has joined Harbour Air and Magnix in an effort to develop and certificate an all-electric De Havilland Canada DHC-2 Beaver seaplane.
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NewsFAA subjects all US 787s to decompression panel inspections
The US Federal Aviation Administration is expanding to all US-registered Boeing 787s an airworthiness directive (AD) related to potential failure of decompression panels.
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NewsBoeing delivered 89 737 Max since December, airlines place them in storage
Boeing has delivered almost 90 737 Max since US regulators lifted the type’s grounding last November, though airlines have placed those jet in storage, according to Cirium fleets data.