All North America articles – Page 271
-
News
DOJ requires divestitures prior to Raytheon-UTC tie up
The US Department of Justice (DOJ) will only approve the proposed Raytheon-United Technologies merger if the companies divest some radio, optical and GPS businesses.
-
In depth
Why the US Navy is thinking hard about smaller aircraft carriers
The supercarrier – the long arm of the USA’s military power – is getting its biggest rethink since the end of the Cold War
-
News
Trump signs economic aid bill
US President Donald Trump has signed a $2 trillion aid package designed to support distressed companies and employees after the coronavirus pandemic massively disrupted the US economy in the past weeks.
-
News
Harbour Air suspends scheduled flights
Canadian commuter airline Harbour Air has suspended its scheduled passenger operations due to the coronavirus pandemic, and says it expects to spend the entire month of April grounded.
-
Opinion
US Marine Corps backs away from tailor-made aircraft - and their expense
Expeditionary demands have honed the US Marine Corps into a unique force with enviable equipment – but its Pacific pivot means much could change
-
-
News
United agrees $500 million term loan with Goldman Sachs
United Airlines has agreed to borrow $500 million from Goldman Sachs Bank USA in the form of a one-year secured term loan. The Chicago-headquartered carrier will use the loan for related transaction costs, fees and expenses, and for working capital and other general corporate purposes. It has pledged some of ...
-
News
ICAO welcomes government support for aviation sector
UN aviation body ICAO welcomed a statement from G20 countries to aid in the global recovery from the coronavirus pandemic, highlighting that aviation is one of the worst-hit sectors. The G20 said on 26 March it will do “whatever it takes” to overcome the pandemic, and will continue to “conduct ...
-
News
Americas 26 March recap: US Senate passes bill, Embraer sees deferments
The US Senate passed an economic stimulus bill designed to support workers and industries, including the airline sector, after the global coronavirus crisis ravaged the economy in past weeks.
-
Analysis
US government aid to aerospace could mean oversupply in future, but avert ‘catastrophe’ now: analyst
While government support would provide vital relief to US aerospace manufacturing at a time of impending crisis, such aid could create a “synthetic” aircraft market to the detriment of the industry in future years.
-
News
US Senate approves economic aid, bill moves to House
The US Senate passed an economic stimulus bill that is designed to support industry and workers after the global coronavirus crisis exploded, and ravaged the economy in the past three weeks.
-
In depth
Spirit AeroSystems targets year-end opening of Scotland wing development site
Spirit AeroSystems expects by year-end to open a new facility in Prestwick, Scotland where it will research and develop manufacturing and production technologies aimed at helping the company land contracts to supply Airbus’ next single-aisle aircraft programme.
-
Airline Business
Governments face ‘moral hazard’ in deciding to help airlines: analyst
Governments across the world face a ‘moral hazard’ when it comes to supporting airlines through the coronavirus crisis, as they seek to ensure any investment benefits the citizens of their respective countries, according to CTAIRA analyst Chris Tarry.
-
News
HAECO acquires Dallas-based commercial engine shop
HAECO has announced the acquisition of US-based engine MRO firm Jet Engine Solutions (JES). “JES has a strong reputation within the engine maintenance business for quality and delivery in the United States, which will complement the HAECO Global Engine Support business,” says Christopher Gibbs, HAECO group director for components and ...
-
News
Americas 25 March in review: US Congress debates aid bill
As the US Congress debated a government assistance bill that would help the aviation and aerospace industry weather the financial storm of the coronavirus crisis, the Pentagon warned that the current pandemic could lead to geopolitical instability.
-
News
US Army selects Bell and Sikorsky to build FARA prototypes
The US Army has selected Bell and Sikorsky to design and test Future Attack and Reconnaissance Aircraft (FARA) Competitive Prototypes.
-
News
US Senate bill would offer $78b in aid to airlines, workers, contractors
A government aid package currently making its way through the US Congress calls for loans and payroll support for airlines and aviation industry workers of $78 billion altogether, but links the assistance to strict conditions regarding executive pay, stock buybacks, dividends and requirements to maintain employee levels through the third quarter of the year.
-
Podcast
Airline Business podcast: Latest IATA impact assessment plus Asia-Pacific focus
Graham and Lewis talk through the latest figures and thoughts from IATA as airlines across the world ground their fleets in response to the coronavirus outbreak.
-
Airline Business
Airline coronavirus story could go from ‘Apocalypse Now’ to ‘The Big Short’
When IATA outled its latest estimates for the impact of coronavirus on the airline industry on 24 March, the urgency of the situation was front and centre of its messaging.
-
News
Americas 24 March in review: Congress negotiates aid; Manufacturers and airlines make deep cuts
Politicians from both houses of the US Congress continued negotiating a bill that would offer the air transport industry financial support in order to secure jobs and keep airlines afloat as the coronavirus crisis ravages the industry.