All articles by Jon Hemmerdinger – Page 72
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Boeing revises 2021 737 Max delivery pace, reflecting depressed demand
The company now anticipates that next year it will deliver about half of the 450 Max it stockpiled amid the type’s grounding, chief financial officer Greg Smith says on 28 October.
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Boeing sticks to 2022 777X delivery goal as CEO warns of schedule ‘risk’
Though Boeing continues working toward delivering the first 777-9 in 2022, the company’s chief executive has warned about potential further changes to the timeline.
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Boeing sees nine-month losses balloon to $3.5 billion
Boeing lost $466 million in the third quarter of 2020, bringing the company’s losses in the first nine months of 2020 to $3.5 billion.
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Third-quarter profits tumble at GE Aviation on sliding engine sales and aftermarket work
GE Aviation saw third-quarter operating profit plunge by 79% year on year, to $356 million, amid tumbling demand for aircraft engines and aftermarket services.
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Boeing aims for nearly 20% staff cuts by end-2021
Boeing anticipates finishing 2021 with 130,000 employees, roughly 19% fewer than the 161,100 it had in 2019.
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More aircraft production rate cuts coming? Perhaps, analysts say
Some financial analysts suspect airframers might further cut aircraft production in 2021 owing to the depth of the pandemic-driven aerospace downturn.
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P&W ships more commercial engines in Q3, eyes lower-cost production in Asheville
Pratt & Whitney shipped 114 large commercial aircraft engines in the third quarter of 2020, up slightly from the previous period.
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Raytheon turns third-quarter profit amid layoffs and depressed aftermarket demand
Raytheon Technologies’ commercial aerospace businesses continued to struggle in the third quarter of 2020, though the company’s Collins Aerospace unit did swing to an operating profit.
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De Havilland delivers another two Dash 8-400s to Ethiopian
De Havilland Canada has delivered another two Dash 8-400s to Ethiopian Airlines, bringing to 30 the number of the turboprops received by Ethiopian and its affiliates.
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Airbus Mobile plant delivers first US-built A220, to Delta
Airbus has delivered the first US-built A220, handing over an A220-300 to Atlanta-based Delta Air Lines.
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Mitsubishi Heavy considers cutting SpaceJet programme again: reports
Several Japanese news outlets are reporting that Mitsubishi Heavy Industries (MHI) is mulling whether to further scale back Mitsubishi Aircraft’s SpaceJet development programme.
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Alberta to ease quarantine requirements to passengers arriving in Calgary
Canada has taken the first tentative steps of easing its coronavirus quarantine rules, rolling out a programme aimed at allowing air passengers arriving in Calgary to sidestep quarantine requirements.
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Alaska reports market improvement despite $431m Q2 loss
Alaska Air Group lost $431 million in the third quarter of 2020, though the company insists its passenger and financial figures continue improving month by month.
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Boeing study concludes disinfectants kill Covid-19 virus on cabin surfaces
A joint study by Boeing and the University of Arizona found that disinfectants already used on aircraft are successful in killing viruses like the bug causing Covid-19.
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Europe certificates Tecnam’s diesel-powered P2010 TDI
Europe’s civil aviation regulator has certificated the Tecnam P2010 TDI – a diesel-engined variant of the Italian airframer’s piston single.
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Boeing will save cash by consolidating 787 in South Carolina, but how much?
Boeing’s plan to shift all 787 production to South Carolina will indeed save cash, but savings will be a relative small percent of the programme’s total expense, financial analyst say.
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Inmarsat and Hughes partner to offer in GX+ satellite connectivity product
Satellite communications providers Inmarsat and Hughes Network Systems have partnered to launch an in-flight connectivity product for North American airlines.
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Embraer accelerates deliveries to 28 jets in third quarter but still lags last year
Brazilian airframer Embraer delivered 28 business and commercial jets in the third quarter of 2020, bringing its year-to-date total to 59 aircraft.
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Boeing bolsters leadership council with nine new executives
Boeing has beefed up its executive council with several new executives, a move the company says brings more diversity, perspective and expertise to a top leadership panel.
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FAA finalises new commercial spaceflight rules
The US Federal Aviation Administration has finalised new rules it says streamline oversight of commercial spaceflight, enabling continued expansion of the commercial space industry.