All articles by Jon Hemmerdinger – Page 7
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AnalysisSuppliers seek to renegotiate loss-making contracts with Airbus and Boeing
Aircraft makers are facing increasing pressure to renegotiate discounted supplier contracts that have turned unprofitable amid slow production, high inflation and other post-pandemic business challenges.
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NewsAir Chateau plans to purchase Archer air taxis
Dubai helicopter operator Air Chateau has signalled its intention to possibly acquire a fleet of electric air taxis from Archer Aviation.
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NewsWright Electric and Axter flight test hybrid-electric system on Thrush S2R
Start-up Wright Electric has completed test flights of a hybrid-electric modified crop-dusting aircraft and has squeezed more power out of a separate electric motor it is developing to power regional passenger aircraft.
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NewsBoeing 737 deliveries crept along in October but sales momentum continues
Boeing’s 737 delivery pace remained slow in October though the aircraft manufacturer landed a major 737 sale in the period and continued building its backlog of 787 orders.
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NewsBoeing predicts fresh orders from Middle East airlines as Dubai air show opens
Boeing arrives at the Dubai air show riding a wave of recent sales for its widebody jets while aiming to land new 737 Max customers – with one particular sales opportunity at the top of its mind.
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NewsHanwha Aerospace moves engine business to Connecticut and seeks closer ties with Pratt and GE
To forge closer ties with suppliers and with prime customers Pratt & Whitney (P&W) and GE Aerospace, South Korea’s Hanwha Aerospace has moved the headquarters of its International Engine Business to Connecticut.
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NewsWheels Up loses $145m in Q3 but aims for operating profit in 2024
Charter aircraft provider Wheels Up lost $145 million in the third quarter of 2023, but executives insist a network overhaul, a partnership with Delta Air Lines and new financing position it to turn operationally profitable next year.
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NewsSpirit moves to raise $400 million and push back $1.2 billion debt repayment
Spirit AeroSystems is taking steps to strengthen its financial foundations by seeking to raise $400 million in cash and to restructure $1.2 billion in debt.
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NewsP&W’s defective disk issue found to affect more business jet engines
Dozens of Pratt & Whitney Canada PW307 turbofans on Dassault Aviation business jets may contain disks with the same manufacturing defect affecting more than 1,000 Pratt & Whitney (P&W) PW1100Gs.
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NewsEmbraer expects PW1000G work will triple revenues at Portuguese MRO provider OGMA
Embraer expects a massive revenue bump in the coming years for its Portuguese maintenance unit OGMA as it begins ramping up work on Pratt & Whitney (P&W) PW1000G geared turbofan (GTF) engines.
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NewsEmbraer turns profitable in third quarter and sticks to 2023 aircraft-delivery goal
Embraer swung to profitability in the third quarter of 2023 and still expects to meet its full-year delivery and financial expectations despite a still-struggling supply chain.
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NewsEmbraer CEO sees US pilot shortage as ‘improving’
Embraer’s chief executive sees his company’s recent success selling regional jets to US carriers as signifying that a shortage of pilots is easing.
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NewsChina Eastern orders 25 GEnx turbofans for 787s and Xiamen picks Leap-1A for A320neos
GE Aerospace and its affiliate CFM International have landed new orders from Chinese carriers for both GEnx-1B and Leap-1B turbofans.
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NewsUS government approves US airlines’ complaints about Amsterdam capacity cuts
The US government has approved complaints by JetBlue Airways and trade group Airlines for America against the government of the Netherlands and European Union for alleged violations related to capacity cuts at Amsterdam Schiphol airport.
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NewsBombardier thinks its business-jet-focused restructuring is paying off
Bombardier executives are pointing to their company’s third-quarter financial performance as evidence that a turnaround plan started several years ago is working.
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NewsBombardier sticks to 2023 delivery target as other aerospace companies reset expectations
Bombardier still expects to meet its full-year 2023 aircraft delivery target despite supply chain struggles that have prompted other aerospace manufacturers to curtail delivery expectations.
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NewsSpirit AeroSystems seeks to renegotiate contracts with Airbus as losses pile up
Spirit AeroSystems is working to renegotiate loss-making supply contracts with Airbus and to refinance more than $1 billion in debt coming due in 2025, efforts executives describe as requiring urgent attention.
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NewsSpirit AeroSystems loses $204 million in Q3 amid surging expenses and costly rework
Costly fuselage rework and increased supply chain and labour expenses pushed US aerostructures manufacturer Spirit AeroSystems to a $204 million loss in the third quarter of 2023.
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NewsGulfstream adds manufacturing capacity in Savannah for G400s, G500s and G600s
Gulfstream has completed an expansion in Savannah of the manufacturing facility where it assembles G400, G500 and G600 business jets, leaving the company prepared to increase output.
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In depthBoeing pushing production rates to keep suppliers ‘hot’ despite delivery slowdown
While Boeing will deliver fewer than expected 737s this year due to a quality problem, the company is broadly working to speed up the pace of its entire 737 production system, aiming to hit a 38-monthly rate this year.