All articles by Jon Hemmerdinger – Page 24
-
NewsJetBlue swings to $60m third-quarter loss but points to improving financial trends
JetBlue Airways lost $60 million in the third quarter of 2024 but insists its turnaround plan is yielding results, citing improving cost and revenue trends.
-
NewsTextron trims 2024 financial estimates due to machinists’ strike, delivery slowdown
Executives cut $500 million off Textron Aviation’s expected 2024 revenue following month-long walkout by machinists
-
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.
-
NewsIndustry seeks privacy amid private jet tracking concerns
Aviation leaders have at least one thing in common with pop star Taylor Swift: they want to make it harder for private jets to be publicly tracked.
-
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.
-
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.
-
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.
-
NewsWheels Up to acquire used Phenom 300s and Challengers in overhaul of jet fleet
Charter aircraft provider Wheels Up has secured fresh financing and revealed plans to replace its fleet of owned jets with used Embraer Phenom 300s and Bombardier Challengers.
-
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.
-
In depthCFM, P&W address durability issues as number of grounded GTF-powered jets inches higher
The issues facing turbofan producers CFM International and Pratt & Whitney (P&W) would surely have stolen headlines in 2024 had the year not been so incredibly troubled for the broader aerospace industry.
-
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.
-
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.
-
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.
-
NewsMesa to stop flying CRJ900s for United and shift to all-E175 fleet as losses mount
US regional carrier Mesa Airlines intends to remove all MHIRJ CRJ900 regional jets from its fleet with United Airlines by March 2025, shifting to a smaller fleet composed only of Embraer 175s.
-
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.
-
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.
-
NewsFAA lacks adequate method to oversee Boeing production issues: government report
The US Department of Transportation’s (DOT) top inspector says the Federal Aviation Administration lacks effective oversight of Boeing’s 737 and 787 production systems.
-
NewsBoeing to cut 10% of workforce and end 767F production, while delaying 777X
Boeing plans to lay off roughly 17,000 workers, delay its first 777-9 delivery and end 767 Freighter production, part of a plan to restructure its business around “core” products and keep afloat amid a crippling machinists strike and numerous other business challenges.
-
NewsDelta to resume LA-Shanghai flights as part of broader 2025 network shift
Delta Air Lines plans next summer to resume flights from Los Angeles to Shanghai and to launch a route from Minneapolis to Copenhagen, part of the airline’s broader network shuffle.
-
NewsPilot union and Air Canada end labour dispute with four-year contract
Air Canada’s pilots have ratified a new four-year employment contract with the Montreal-based airline, ending a lengthy dispute that last month involved threats of a strike.