All articles by Jon Hemmerdinger – Page 26
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NewsInvestment firm to acquire air cargo company ATSG for $3.1 billion
New York investment firm Stonepeak has signed an agreement to acquire US air cargo and aircraft leasing company Air Transport Services Group (ATSG) for $3.1 billion under a deal that would make ATSG a private company.
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AnalysisTariffs, mergers, missiles and SAF: what Harris and Trump policies would mean for airlines and aerospace
The US presidential election on 5 November could determine much about the next four years for US airlines and aerospace manufacturers, leaving firms possibly facing major new policy shifts – or continuation of the status quo.
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Airline BusinessAir Canada turns C$1bn profit, reports ‘stable’ business amid increasing costs
Demand for international air travel helped push Air Canada to a C$1 billion ($720 million) operating profit in the third quarter of 2024, with executives broadly describing market conditions as healthy despite upward-creeping costs and ongoing aircraft delivery delays.
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NewsHonda cleared by FAA to begin eVTOL demonstration flights
A division of Honda appears set to begin flight testing a scaled-down prototype of an unmanned electric aircraft, though few details about the development programme are known.
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News‘Frustrating’: JetBlue executives unable to finalise post-2025 plan due to P&W recall
JetBlue Airways has yet to finalise its business plan after 2025 due to what executives describe as a frustrating lack of detail about the long-term operational impact of Pratt & Whitney’s (P&W) ongoing recall of PW1000G engines.
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NewsNasdaq stock exchange to delist Lilium following insolvency filings
The Nasdaq stock exchange will halt trading of financially embattled air taxi developer Lilium’s shares after 5 November, a move coming in response to insolvency filings for two of the German company’s main subsidiaries.
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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.
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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
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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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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.
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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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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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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.
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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 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.
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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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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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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.