All North America articles – Page 352
-
OpinionUS Marine Corps backs away from tailor-made aircraft - and their expense
Expeditionary demands have honed the US Marine Corps into a unique force with enviable equipment – but its Pacific pivot means much could change
-
-
NewsUnited agrees $500 million term loan with Goldman Sachs
United Airlines has agreed to borrow $500 million from Goldman Sachs Bank USA in the form of a one-year secured term loan. The Chicago-headquartered carrier will use the loan for related transaction costs, fees and expenses, and for working capital and other general corporate purposes. It has pledged some of ...
-
NewsICAO welcomes government support for aviation sector
UN aviation body ICAO welcomed a statement from G20 countries to aid in the global recovery from the coronavirus pandemic, highlighting that aviation is one of the worst-hit sectors. The G20 said on 26 March it will do “whatever it takes” to overcome the pandemic, and will continue to “conduct ...
-
NewsAmericas 26 March recap: US Senate passes bill, Embraer sees deferments
The US Senate passed an economic stimulus bill designed to support workers and industries, including the airline sector, after the global coronavirus crisis ravaged the economy in past weeks.
-
AnalysisUS government aid to aerospace could mean oversupply in future, but avert ‘catastrophe’ now: analyst
While government support would provide vital relief to US aerospace manufacturing at a time of impending crisis, such aid could create a “synthetic” aircraft market to the detriment of the industry in future years.
-
NewsUS Senate approves economic aid, bill moves to House
The US Senate passed an economic stimulus bill that is designed to support industry and workers after the global coronavirus crisis exploded, and ravaged the economy in the past three weeks.
-
In depthSpirit AeroSystems targets year-end opening of Scotland wing development site
Spirit AeroSystems expects by year-end to open a new facility in Prestwick, Scotland where it will research and develop manufacturing and production technologies aimed at helping the company land contracts to supply Airbus’ next single-aisle aircraft programme.
-
Airline BusinessGovernments face ‘moral hazard’ in deciding to help airlines: analyst
Governments across the world face a ‘moral hazard’ when it comes to supporting airlines through the coronavirus crisis, as they seek to ensure any investment benefits the citizens of their respective countries, according to CTAIRA analyst Chris Tarry.
-
NewsHAECO acquires Dallas-based commercial engine shop
HAECO has announced the acquisition of US-based engine MRO firm Jet Engine Solutions (JES). “JES has a strong reputation within the engine maintenance business for quality and delivery in the United States, which will complement the HAECO Global Engine Support business,” says Christopher Gibbs, HAECO group director for components and ...
-
NewsAmericas 25 March in review: US Congress debates aid bill
As the US Congress debated a government assistance bill that would help the aviation and aerospace industry weather the financial storm of the coronavirus crisis, the Pentagon warned that the current pandemic could lead to geopolitical instability.
-
NewsUS Army selects Bell and Sikorsky to build FARA prototypes
The US Army has selected Bell and Sikorsky to design and test Future Attack and Reconnaissance Aircraft (FARA) Competitive Prototypes.
-
NewsUS Senate bill would offer $78b in aid to airlines, workers, contractors
A government aid package currently making its way through the US Congress calls for loans and payroll support for airlines and aviation industry workers of $78 billion altogether, but links the assistance to strict conditions regarding executive pay, stock buybacks, dividends and requirements to maintain employee levels through the third quarter of the year.
-
PodcastAirline Business podcast: Latest IATA impact assessment plus Asia-Pacific focus
Graham and Lewis talk through the latest figures and thoughts from IATA as airlines across the world ground their fleets in response to the coronavirus outbreak.
-
Airline BusinessAirline coronavirus story could go from ‘Apocalypse Now’ to ‘The Big Short’
When IATA outled its latest estimates for the impact of coronavirus on the airline industry on 24 March, the urgency of the situation was front and centre of its messaging.
-
NewsAmericas 24 March in review: Congress negotiates aid; Manufacturers and airlines make deep cuts
Politicians from both houses of the US Congress continued negotiating a bill that would offer the air transport industry financial support in order to secure jobs and keep airlines afloat as the coronavirus crisis ravages the industry.
-
In depthBoeing tells some suppliers to ‘halt shipments’ amid temporary shutdown
Boeing has instructed suppliers to stop shipments to its Seattle-area production sites during the company’s temporary production shutdown, which takes effect on 25 March.
-
NewsBoeing’s Calhoun defends Boeing’s financial health, pushes back against equity-for-aid government support
Boeing chief executive David Calhoun insists government aid to the struggling airline and aerospace sectors should not be contingent upon the government taking equity in US companies.
-
NewsWestJet cuts 50% of staff
WestJet’s chief executive Ed Sims says the airline has eliminated half of its workforce as it tries to preserve itself while the coronavirus continues to ravage the air transport industry.
-
NewsUS House aid bill sets strict labour, consumer, environmental protections
The US House of Representatives says it is willing to support the transportation industry as it works through its losses due to the coronavirus, including offering infrastructure grants to airports and tangible relief for aviation workers. However, it wants airlines to protect their employees and consumers before protecting their own bottom lines.