North America – Page 264
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NewsFirst CH-53K King Stallion simulator delivered to US Marine Corps
The first Sikorsky CH-53K King Stallion simulator was delivered to US Marine Corps (USMC) Air Station New River in Jacksonville, North Carolina.
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NewsExcessive derotation on landing buckled Delta 757’s fuselage
Portuguese investigators believe a failure to control the derotation of a Delta Air Lines Boeing 757-200 resulted in a heavy nose-gear impact severe enough to buckle the fuselage. The aircraft (N543US), arriving in the Azores from New York JFK on 18 August last year, had touched down normally with its ...
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NewsBronco II light attack aircraft returns with Leidos bid for US Special Ops Armed Overwatch
Leidos is leading a team that is putting forward the Bronco II light attack aircraft as an option for the US Special Operation Command’s Armed Overwatch programme.
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NewsBoeing rolls out Airpower Teaming System for Royal Australian Air Force
Later this year, the Airpower Teaming System will undergo ground testing, followed by taxi tests and its first flight test. After that, manned-unmanned teaming test flights will be conducted, says the firm. Testing is to be done at undisclosed locations in Australia.
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NewsDe Havilland Canada resumes some operations following coronavirus shutdown
Some employees of De Havilland Canada have returned to work, marking a resumption of operations six weeks after the company shuttered facilities due to the coronavirus pandemic.
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NewsGE Aviation expands job cuts to 25% of global workforce
US engine maker GE Aviation is reducing its global workforce by some 13,000 employees as part of a plan to better align its business with reduced rates of commercial aircraft production.
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NewsAir Canada expects recovery to take three years
Air Canada incurred a C$1.05 billion ($744 million) net loss in the first quarter of 2020, compared with a C$285 million net profit a year ago, and is warning that it will take “at least three years” for revenue and capacity levels to return to those seen in 2019.
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NewsWarren Buffett’s investment firm sells out of four major US carriers
Renowned investor Warren Buffett has dumped his stakes in four major US carriers, four years after joking that his firm Berkshire Hathaway was set to benefit from airlines’ tendency to increase fares ahead of its shareholder events. Buffett disclosed the decision to shareholders during Berkshire Hathaway’s 2020 event on 2 ...
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NewsBoeing clinches $25 billion in milestone capital raise
Boeing is raising $25 billion in a multi-tranche bond offering, as it buffers liquidity amid an air travel downturn that could take years from which to recover. In March, as the pandemic shut down air travel globally, Boeing had suggested that the broader US aerospace and manufacturing sector might require ...
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NewsSpirit lays off another 1,450 staff due to airframer production cuts
Spirit AeroSystems will lay off more than 1,450 additional staffers in response to Boeing’s and Airbus’ plans to reduce commercial aircraft production rates.
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NewsDelta upsizes secured private placement to $3.5bn
Delta Air Lines has priced $3.5 billion of five-year notes at 7% as it boosts its liquidity position to manage through the coronavirus pandemic.
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NewsAmerican lightens fleet load in pursuit of liquidity
American Airlines is counting on cost-saving fleet retirements and a $4.75 billion US CARES Act loan to boost its liquidity sufficiently to help see it through the next two quarters while waiting for travel demand to revive somewhat during the summer months.
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NewsTextron Aviation squeaks out Q1 profit as aircraft deliveries tumble
Textron Aviation’s first-quarter profit tumbled 97% year-on-year to $3 million due largely to an idle factory floor and sagging aircraft sales amid the coronavirus pandemic.
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NewsA220 operators advised to monitor compressor over stall risk
Carriers using Airbus A220s are being advised to monitor the operating performance of low-pressure compressors, to warn of stalls, following measures to address engine failures on the type. A220s are fitted with Pratt & Whitney PW1500G powerplants, which have been the subject of scrutiny following a series of engine failures ...
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NewsGE Aviation’s profits slide in Q1 as engine sales tumble
GE Aviation’s commercial engine sales and orders tumbled in the first quarter of 2030, as did revenue and profit, as the coronavirus took a bite from the Ohio company’s business.
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NewsWhy the US Air Force’s eVTOL effort helps private investor confidence
With the financial impact of the coronavirus looming over the lead funders of the development of electric-vertical-takeoff-and-landing aircraft, the nascent industry is set to receive a small boost from the US Air Force in calendar year 2020.
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NewsUS Air Force launches study of another hypersonic cruise missile
The US Air Force is conducting market research in search of companies capable of helping to build an air-breathing hypersonic cruise missile.
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News‘Air Force One’ gets $168 million cost overrun due to coronavirus
Boeing added a $168 million charge to its development of the US Air Force’s VC-25B presidential transport due to disruptions to its engineering process caused by coronavirus.
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NewsBoeing CEO dismisses major new commercial product launches amid pandemic uncertainty
Boeing will not unveil a major new aircraft programme anytime soon, but will continue investing funds into updates to existing products and efforts to develop next-generation manufacturing and design processes.
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NewsBoeing KC-46A refuelling boom camera redesign to cost $551 million
Total losses on the KC-46A programme have now risen to about $4.6 billion.