All articles by Jon Hemmerdinger – Page 83
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NewsSpirit AeroSystems aims for 10-monthly 737 rate in early 2021
Spirit AeroSystems intends to produce 737 fuselages at a rate of 10 monthly starting in January 2021 – a rate that would allow the company to burn down its inventory of finished fuselages.
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NewsSpirit AeroSystems reports $156m Q3 loss
Wichita-based aerostructures manufacturer Spirit AeroSystems lost $156 million in the third quarter of 2020 amid tumbling revenue resulting from the dual pressures of the pandemic and Boeing 737 Max grounding.
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NewsTrump or Biden: How might aerospace fare?
How might a Joe Biden presidency impact the aerospace sector differently than another four years with President Donald Trump in the White House?
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NewsTextron Aviation posts Q3 loss but aims to turn profitable in Q4
Textron Aviation lost $29 million in the third-quarter, but executives predict the aircraft manufacturer will regain profitability in the final quarter of 2020.
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NewsEmbraer tweets picture of conceptual turboprop, hints at potential design
Embraer has released an image of what appears to be a conceptual turboprop aircraft with a fuselage seemingly borrowed from the company’s E-Jet.
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NewsBoeing CEO downplays 737 production-site shift, office space cuts coming
Boeing’s chief executive has downplayed the likelihood that the company might move 737 manufacturing from Renton to Everett as part of a broader corporate-wide restructuring.
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NewsKalitta to be launch operator of 777-300ERSF converted freighter
Kalitta Air will be the first airline to operate the Boeing 777-300ERSF, a converted freighter being developed by lessor GECAS and Israel Aerospace Industries (IAI).
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NewsBoeing assessing technologies for next commercial jet: CEO
Boeing continues working toward development of a new commercial aircraft, though chief executive David Calhoun has disclosed few details.
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NewsBoeing 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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NewsBoeing 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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NewsBoeing 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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NewsThird-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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NewsBoeing 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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NewsMore 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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NewsP&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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NewsRaytheon 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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NewsDe 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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NewsAirbus 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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NewsMitsubishi 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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NewsAlberta 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.