North America – Page 72
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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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NewsFrontier pilots landed A321 with partial instrument failure before runway brake fire
A faulty fan unit likely contributed to a brake fire and a “huge screen of smoke” that trailed a Frontier Airlines-operated Airbus A321 upon landing in Las Vegas earlier this month.
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NewsMystery buyers pick up Bell 412EPX helicopters for military use
Three Bell 412EPX civil helicopters were recently purchased through the Pentagon’s Foreign Military Sales system, although the buyers have not been disclosed by Washington.
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NewsBoeing seeks to raise $19bn via stock sale amid cash crunch
Amid concerns that Boeing does not have enough cash on-hand to support operations, the US airframer disclosed on 28 October a public offering of 90 million shares, plus $5 billion of depository shares.
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NewsSmartLynx secures US authorisation for Latvian fleet operations
Wet-lease specialist SmartLynx Airlines has secured broader authorisation to conduct US operations, with approval of its Latvian division. SmartLynx has operated US services under its Maltese air operator’s certificate since 2019. But the US FAA has since conducted an audit of the Latvian air transport regulator. SmartLynx says that, following ...
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In depthUS manufacturers ramp solid rocket motor production amid surging munitions demand
After years of decline left the US aerospace industry with just a single independent producer of rocket motor engines to power critical missiles, a global surge in munitions purchases has spurred major defence manufacturers to develop new production capacity.
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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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NewsStruggling Spirit Airlines to sell 23 A320-family jets as passenger capacity craters
Spirit Airlines recently entered a binding agreement to sell 23 of its older Airbus A320-family aircraft to GA Telesis for a total purchase price of about $519 million.
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News‘Broad’ inquiry puts US airline competition under government microscope
The US government has launched a “broad public inquiry” into competition within the country’s airline industry that will cover consolidation, anticompetitive practices and labour issues, among other areas of concern.
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NewsF-35s team with uncrewed jet in latest USMC exercises
The US Marine Corps successfully teamed an XQ-58 Valkyrie autonomous jet with four F-35Bs, with the uncrewed Valkyrie providing forward threat targeting data to the flight of stealth fighters.
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NewsSouthwest’s board overhaul continues with six new directors and Gary Kelly’s ‘accelerated’ retirement
In a settlement with minority stakeholder Elliott Investment Management, Southwest Airlines is appointing six new directors to its board and accelerating the retirement of executive chairman Gary Kelly.
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NewsLow production rate impacts Saab on T-7A jet trainer programme
Saab expects to be negatively impacted by its role in the Boeing T-7A advanced jet trainer programme for the “next couple of years” before seeing its involvement rewarded, the Swedish company says.
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NewsAmerican salvages third quarter in the face of disruptive events
American Airlines was able to quickly recover from several disruptive events during the third quarter to report marginally higher revenue, expenses and capacity across both its domestic and international networks.
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OpinionWhy small is beautiful when it comes to regional connectivity
Although the market for regional aircraft has been subdued in recent years, there are reasons for hope amid passenger pressure for better connectivity and airlines looking to right-size their fleets, argues Raphael Haddad.
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NewsA220 operators told to upgrade flight-control software to address ’design deficiencies’
Airbus A220 operators are being instructed to install a new production baseline software for flight-control computers to remedy a number of deficiencies reported on in-service aircraft. The upgrade is required for all three flight-control computers on the twinjet type, states a Transport Canada directive. Its mandate follows occurrences of nuisance ...
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NewsAll systems VerdeGo for hybrid-electric powerplant developer
Florida-based VerdeGo Aero is upping the pace of developing and testing its hybrid-electric powerplants, as civilian and military interest in the next generation of flight propulsion takes off.
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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.