All articles by Jon Hemmerdinger – Page 89
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NewsBombardier makes first-quarter loss but hopes worst of downturn ‘behind us’
Bombardier’s operating business lost $251 million in the first quarter of 2021, but the company’s chief executive insists the aerospace industry has turned a corner and that an upswing is under way.
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NewsAcubed CEO Cousin takes engineering job at Universal Hydrogen
Mark Cousin, who has been chief executive of Airbus innovation arm Acubed, is leaving that company to be vice-president of engineering at hydrogen-fuel development start-up Universal Hydrogen.
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NewsSpirit AeroSystems loses $171m in first quarter on back of 787 and A350 costs
A $72 million charge against two key widebody aircraft programmes, combined with other pandemic-related expenses, pushed Spirit AeroSystems to a $171 million loss in the first quarter of 2021, against a loss of $163 million in the same period of 2020.
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NewsCorrosion caused by storage prompts FAA to order Leap-1B checks
The Federal Aviation Administration is requiring airlines perform checks to prevent storage-induced corrosion issues involving CFM International Leap-1B engines.
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NewsPerlan plans for 2021 flights following loss of ‘compass’ Enevoldson
Einar Enevoldson was the legendary test pilot behind a project that has flown sailplanes to altitudes exceeding 70,000ft, capturing records and advancing high-altitude scientific research.
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NewsGlimmers of optimism for US MRO sector, recovery pace unclear
The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand.
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NewsTransat secures C$700m in government aid
Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government.
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NewsBoeing trims loss to $561m in first quarter as deliveries accelerate
Boeing narrowed its first-quarter loss to $561 million, a massive improvement on the $8.4 billion loss it registered in the fourth quarter of last year, and better than the $641 million loss in the same period of 2020.
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NewsP&W keeps profitable in Q1, engine deliveries inch higher
Engine maker Pratt & Whitney squeaked out a $20 million operating profit in the first quarter of 2021, a period during which its deliveries of large commercial aircraft engines bumped higher.
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NewsMagnix and Boom CEOs ask lawmakers to support electric aviation, sustainable fuel
The chief executive of propulsion company Magnix has urged the US government to set ambitious electric-aircraft goals, while the head of Boom Supersonic has asked the government to throw weight behind sustainable fuel.
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NewsFirst flight of Boom’s XB-1 demonstrator could happen next year: CEO
The chief executive of Boom Supersonic has left open the possibility that the company’s supersonic demonstrator may not get airborne until next year.
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NewsGE Aviation lost 1,900 Leap orders in 12 months
GE Aviation lost orders for about 1,900 Leap-1B turbofans in the last year, a period influenced both by the Boeing 737 Max grounding and the pandemic.
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NewsGE Aviation turns $641m Q1 profit despite revenue hit
GE Aviation remained in the black during the first quarter of 2021, earning a $641 million profit despite significant declines in revenue from engine services.
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NewsNASA envisions revived US regional air transportation network
The USA’s many small, underused airports, combined with autonomous and electric-propulsion technologies, could enable a vast new US regional air transportation system.
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NewsAeromexico seeks to cut Boeing orders, proposes 28 new jets
Mexican carrier Aeromexico intends cut its Boeing 737 Max orders and acquire more 787s as part of a proposed restructured aircraft purchase agreement with the Chicago airframer.
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NewsNew 737 Max issue affects nearly two dozen airlines, 106 jets: FAA
The US Federal Aviation Administration has disclosed new details about an electric problem that forced the grounding of more than 100 recently-produced Boeing 737 Max.
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NewsUniversal Hydrogen lands $20.5m investment, Airbus and JetBlue arms contribute
Investment arms of Airbus and JetBlue Airways are among companies that have invested a combined $20.5 million in Universal Hydrogen, the Paul Eremenko-backed firm developing a hydrogen-fuel distribution and storage system.
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NewsBill to reduce disease transmission on jets targets airworthiness standards
US lawmakers have proposed a union-backed bill that seeks to prevent the spread of disease within the commercial aviation sector, including by changing aircraft certification requirements.
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NewsAlaska stems losses in Q1, buoyed by US government funds
Alaska Air Group lost $131 million in the first quarter of 2021, a significant improvement from the previous quarter thanks largely to pandemic-related US government aid.
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NewsCanada proposes C$2 billion in aerospace aid
Canada’s federal government has proposed providing the aerospace industry with C$2 billion ($1.6 billion) in aid over multiple years to help the sector recover from the pandemic downturn.