All articles by Jon Hemmerdinger – Page 95
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AnalysisBoeing turns page on troubled 2020 but strategy ill defined
Some analysts view Boeing’s fourth quarter 2020 results as a case of a company clearing the decks – dumping a barrel of bad news at the end of a terrible year so as to focus on rebuilding in 2021.
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NewsAmerican warns of more layoffs as expected summer travel demand falls short
Citing the slow pace of vaccinations and new travel restrictions, American Airlines has warned 13,000 workers they might be laid off after government aid expire on 31 March.
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NewsSunwing takes two more 737 Max from Air Lease
Lessor Air Lease has resumed deliveries of the Boeing 737 Max, having handed two of the jets to Canadian leisure carrier Sunwing Airlines.
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NewsBoeing to issue nearly $10bn in debt
Boeing is working to issue another $9.8 billion in debt for the purpose of paying off and refinancing other liabilities.
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NewsFormer Boeing CEO’s start-up aims to invest in advanced aerospace technology
A new aerospace company led by former Boeing head Dennis Muilenburg has assembled an experienced management team and aims to advance technologies such as alternative propulsion, automation and manufacturing.
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NewsBoeing’s commercial backlog value plunged 25% in 2020
The value of Boeing’s commercial aircraft backlog sunk 25% in 2020 as customers scuttled orders and sales uncertainty led Boeing to shift jets out of its firm backlog.
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NewsBoeing delays 737 Max 10 deliveries two years, to 2023
Boeing has further delayed its 737 Max 10 programme by two years, with deliveries of the largest variant of its re-engined narrowbody now scheduled to begin in 2023.
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NewsWheels Up to become public company in Q2
US private aviation company Wheels Up Partners has unveiled a plan to become a publicly traded company by merging with a “blank check company”.
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NewsBoom Supersonic hires aerospace, marketing veterans
Supersonic airliner developer Boom Supersonic has hired two senior executives with experience working at globally known aerospace and technology companies.
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NewsBombardier becomes pure business jet company with sale of rail unit
Bombardier has completed its planned transformation into solely a business jet manufacturer, having closed the sale of its train business to French company Alstom.
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NewsAeroTec expands maintenance work, hangar space
Aerospace services company AeroTec has opened a third maintenance hangar in Moses Lake, Washington and secured approvals to maintain several aircraft types.
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NewsUS airlines blast possible Covid-19 test requirement for domestic travellers
Requiring Covid-19 tests for US domestic air passengers would be unnecessary, complex and impractical – or as one Southwest Airlines executive puts it, “a real goat rodeo”.
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NewsJetBlue lost $1.4bn in 2020
JetBlue Airways lost $1.4 billion in 2020, but is stressing that network and fleet shifts should position it to perform well when the air travel market recovers.
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NewsPSA Airlines grounds ‘most’ of CRJ fleet for inspections
US regional carrier PSA Airlines has removed “most” of its fleet of MHIRJ CRJ-series regional jets from service so as to inspect nose landing-gear doors.
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NewsBoeing CEO hints ‘mid-market’ aircraft remains on the table
Boeing’s chief executive has hinted that the company might still develop an aircraft similar to the conceptual jet known as the “New Mid-market Airplane”.
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NewsBoeing warns of 787 forward loss charge
Boeing may need to take a forward loss on its 787 programme if it must further trim production or if long-term demand dries up.
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NewsBoeing to resume 787 deliveries no sooner than February
Boeing’s pause on 787 deliveries will continue until at least February, when the company expects to resume 787 deliveries following a several-month hiatus.
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NewsBoeing trims 777X production quantity expectation by 50 jets
Boeing has reduced the number of 777X it expects to produce over the life of that aircraft programme from 400 to 350 aircraft – a 12.5% cut.
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NewsBoeing making design modifications to 777X
Boeing’s latest 777X delay results partly from modifications Boeing is making to the jet’s design, including to actuator controls, so as to meet regulators’ “expectations”.
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NewsBoeing reports $11.9bn 2020 loss, logs billions in Q4 charges
US manufacturing giant Boeing lost a staggering $11.9 billion in 2020, due partly to a $6.5 billion charge on its 777X programme but also the 737 Max grounding and the pandemic’s evaporating effect on travel demand.