Despite another quarterly loss and scepticism from financial analysts, Bombardier’s executives insisted on 6 August that the company remains on track to become a profitable standalone aviation business.
The Federal Aviation Administration (FAA) has proposed fining Boeing a total of $1.25 million in civil penalties for several violations of rules that allow aircraft manufacturers to perform some FAA functions.
Textron Aviation has introduced a new version of its popular Beechcraft King Air twin-engined turboprop business aircraft, which features numerous upgrades to the cockpit designed to reduce pilot workload as well as an upgraded cabin.
Spirit AeroSystems posted a $256 million loss in the second quarter, crippled by twin crises that have rocked the aviation industry as a whole: the continued grounding of the 737 Max and the long-term effects of the coronavirus.
The beleaguered SpaceJet regional aircraft programme, which recently saw its developmental budget halved, made up the bulk of losses parent company Mitsubishi Heavy Industries (MHI) incurred, in its first quarter earnings.
The Federal Aviation Administration (FAA) has suggested four key design changes to the beleaguered Boeing 737 Max in order to address safety issues that led to its almost 17-month grounding following two fatal crashes that killed 346 people.
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