All articles by Jon Hemmerdinger – Page 26
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NewsBoeing to pay Embraer $150 million to settle dispute over failed acquisition
Boeing has agreed to pay Embraer $150 million to settle a dispute arising from the US company’s 2020 decision to back out of a deal to acquire majority ownership of Embraer’s commercial aircraft business.
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Airline BusinessAllegiant’s new chief sticks to contrarian playbook as other ULCCs stumble
The new chief executive of US discounter Allegiant Air insists his airline’s unique business model leaves it far less exposed to pressures now roiling the country’s broader ULCC segment
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NewsBoeing still evaluating thrust-link problem’s affect on 777-9 timeline
Boeing is working to determine the degree to which a problem involving 777-9 thrust-links could impact that type’s service-entry timeline.
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NewsBoeing grapples with financial and operational setbacks posed by machinists strike
The machinists strike now roiling Boeing threatens the company’s financial recovery and its ability to hike 737 production to 38 monthly by year-end.
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NewsAlaska 737 blows tires during aborted take-off due to runway conflict at Nashville
An Alaska Airlines Boeing 737 suffered blown tires after its pilots aborted take-off from Nashville on 12 September due to a Southwest Airlines 737 crossing the same runway.
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NewsAir Canada asks labour minister to block pilot strike as government pushes back
Air Canada is calling on Canada’s minister of labour to prohibit the airline’s pilots from walking off the job, though the minister insists the parties should reach an agreement without government interference.
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NewsCrowdStrike outage prompts Delta to revise third-quarter financial expectations
Delta Air Lines has detailed the degree to which its July operational meltdown impacted its third-quarter revenue and expenses.
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NewsAirbus targets 25% efficiency gain from next narrowbody with help from CFM’s RISE
Airbus chief executive Guillaume Faury has made clear he expects the European airframer’s next narrowbody jet will be 25% more efficient than today’s models – and he is banking on CFM International’s in-development open-rotor engine to get there.
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NewsAirbus faces tough task to hit 2024 delivery target amid lingering parts shortages
Ongoing shortages of engines, cabin components and other parts have left Airbus challenged to hit its 2024 delivery goal, meaning the company needs to quickly ramp output to hit the target.
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NewsBoeing and machinists union reach tentative contract deal ahead of 12 September member vote
Boeing and its machinists’ union have agreed to the terms of a new four-year employment contract, though the deal will not be final unless approved during a vote by union members scheduled for 12 September.
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AnalysisBoeing faces potentially crippling strike as negotiations go ‘down to the wire’
Boeing’s 33,000 machinists seem increasingly likely to strike as soon as next Friday, a move that could bring the manufacturer’s operations in the Puget Sound region to a grinding halt.
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NewsRate of large-aircraft accidents declined further in 2023
The number of aviation accidents involving large Western-made commercial jets declined in 2023 – and none caused fatalities, the first time that has happened since Boeing started collecting safety data decades ago. Airlines globally suffered 11 accidents involving the Western aircraft types last year, down from 25 accidents the prior ...
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NewsWhy Boeing’s former head of strategy signed up to lead Electra
Former Boeing executive Marc Allen thinks start-up Electra’s concept for a hybrid-electric, short take-off aircraft has far more commercial viability than other novel aircraft within the burgeoning advanced air mobility space.
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NewsStart-up Electra hires former Boeing executive Marc Allen as CEO
Former Boeing chief strategy officer Marc Allen has succeeded John Langford as chief executive of Electra, a Virginia start-up developing a nine-passenger hybrid-electric passenger aircraft.
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In depthStrike risk looms next month as Boeing and union remain apart on key issues
Boeing and its largest labour union remain locked in intense contract negotiations, with the union pushing for 40% wage gains to recoup previous concessions and threatening to strike on 13 September.
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NewsBoom looks to third XB-1 test flight following successful second sortie
Boom Supersonic’s successful second test flight of its XB-1 demonstrator on 26 August positions the company to accelerate the pace of the flight-test programme, with a third flight potentially coming next month.
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NewsElliott Investment appeals directly to Southwest shareholders as overhaul fight intensifies
The private equity firm pushing to restructure Southwest Airlines is taking its message directly to shareholders, threatening to orchestrate a hostile takeover should the airline’s board fail to embrace significant change.
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NewsNumber of parked jets with Pratt engines stable at one-third of fleet
The operational impact of Pratt & Whitney’s (P&W) PW1000G engine recall appears to have remained relatively steady in recent months, with one-third of all jets with the powerplants still parked, roughly the same as in April.
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NewsDelta operations chief Spanos to depart for new job weeks after operational meltdown
Delta Air Lines chief operating officer Mike Spanos will leave the company on 31 August after holding the role for little more than one year and earning compensation of nearly $8.6 million in 2023 alone.
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NewsArcher secures new funding as eVTOL certification march continues
Air taxi developer Archer Aviation has secured $165 million in additional financing, providing the start-up with more cash to fund the expensive process of bringing its electric vertical take-off and landing (eVTOL) aircraft through certification and into production.