Airframers – Page 9
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NewsMoody’s thinks Boeing still has negotiating room with union as cash crunch continues
Boeing faces the prospect of losing billions more dollars in the fourth quarter and may need to accelerate efforts to raise cash after machinists on 23 October voted down another of the company’s contract offerings.
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NewsMachinists’ strike to continue as union rejects Boeing’s new contract proposal
Boeing’s largest labour union has again rejected a revised contract proposal that promised a larger wage increase over a four-year period.
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NewsProduction troubles push Spirit AeroSystems to $447m loss in third quarter
Aerostructures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant charges taken by the company against several of its financially troubled aircraft programmes.
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NewsFAA’s eVTOL rule sets safety ‘baseline’ but flight limitations remain unclear
While electric aircraft manufacturers insist they are close to certificating their designs, uncertainty abounds about operating limitations and how the aircraft will be integrated into complex airspace.
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NewsJoby’s front-row seat to historic FAA rule signing ‘exciting final chapter before operations’
Joby Aviation’s electric air taxi was positioned front-and-center as Michael Whitaker, head of the Federal Aviation Administration, signed in Las Vegas a historic rule establishing a new class of “powered lift” aircraft.
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NewsBoeing chief: Change and stability essential to create ‘path to next commercial aircraft’
Boeing’s chief executive Kelly Ortberg has stressed that the company needs fundamental cultural change, and cannot embark on new aircraft development until it has stabilised its business and improved programme execution. Ortberg spoke as the airframer – pressured by strike action, programme delays and charges, and quality-control issues – turned ...
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NewsLilium stays course toward certification, eyes US sales amid financing search
The chief commercial officer of German electric aircraft developer Lilium is urging investor patience as the company seeks additional financing after recently losing a German loan guarantee.
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In depthFAA finalises rule establishing new class of ‘powered lift’ aircraft to enable commercial air taxis
Clearing the way for a new class of “powered lift” aircraft to get off the ground, the Federal Aviation Administration (FAA) on 22 October released a finalised rule outlining operational and pilot-training requirements for the burgeoning electric air taxi sector.
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NewsNew Airbus-commissioned reports highlight heightened role for business jets
Business aviation’s annual contribution to the US economy is expected to climb by over $50 billion within five years, bringing the industry’s annual input to $183 billion.
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NewsTextron Aviation reveals launch customer, completes first flight of CJ4 Gen3 light jet
A “longtime Cessna Citation enthusiast” is lined up to become the launch customer for Textron Aviation’s first CJ4 Gen3 light business jet, which flew for the first time in early October.
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NewsBombardier begins manufacturing large structural components for first production Global 8000
Bombardier has started manufacturing major structural components for the first production example of its ultra-long-range Global 8000, a business jet that is set to succeed the Global 7500 as the Montreal airframer’s flagship.
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In depthTextron Aviation rolls out upgraded ‘Gen3’ series of light jets with standard auto-land
Textron Aviation is rolling out at the NBAA show in Las Vegas a series of upgrades to its Cessna Citation family of light business jets that will represent “Gen 3” variants of the M2, CJ3 and CJ4 platforms.
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NewsEmbraer delivers 57 jets in the third quarter, up from 43 last year
Brazilian airframer Embraer delivered 57 jets in the third quarter of 2024, one-third more than during the equivalent three-month period in 2023, and 24% more than the previous quarter.
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NewsHoneywell forecasts 10-year demand for 8,500 new business jets amid ‘normalising’ environment
Honeywell expects business jet operators will need 8,500 new jets in the next 10 years, reflecting what the company calls “normalising” and “stable” demand for business aircraft following the pandemic-era boom.
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NewsBoeing machinists to vote next week on new contract proposal
Boeing’s largest labour union has agreed to send a new contract proposal to members for a vote, a move that could end a now-five-week strike that has crippled Boeing’s production in the Pacific Northwest.
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NewsGerman government denies Lilium €50 million loan
The German government has denied air taxi developer Lilium a €50 million state loan guarantee, casting the company’s future into jeopardy.
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NewsAura Aero plots US expansion with Florida manufacturing site
French start-up Aura Aero intends to construct a new facility in Florida to manufacture its planned hybrid-electric ERA aircraft, an effort by the company to have a stronger presence in the important US market.
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NewsWisk furthers pursuit of self-flying air taxi network in Australia
US autonomous air taxi developer Wisk Aero has signed a memorandum of understanding (MoU) with Airservices Australia aimed at safely incorporating its in-development, self-flying Gen 6 aircraft into Australian airspace.
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NewsEmirates’ airline chief questions Boeing’s new 777-9 timeline
The president of Emirates Airline is sceptical Boeing can meet its new goal of delivering the first 777-9 in 2026, citing the programme’s currently stalled type inspection authorisation and a crippling strike.
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NewsBoeing secures $10bn in new credit and looks to raise another $25bn
Boeing is taking steps to secure billions in additional funds as it works to bolster its troubled balance sheet amid a costly machinists strike.