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Boeing has agreed to forward $425 million in advance payments to Spirit AeroSystems to help the supplier manage increased inventory levels and reduced cash flow. This financial assistance comes in response to the U.S. aviation regulator's decision to limit Boeing's 737 MAX production rates. The financial support aims to stabilize Spirit AeroSystems' operations as it [...]
Boeing's endeavor to regain ownership of Spirit AeroSystems Holdings, a move aimed at reversing a divestment made in 2005, is encountering challenges related to the valuation of factories producing components for Airbus. According to sources familiar with the situation, as reported by Bloomberg News on Tuesday, this hurdle has stalled Boeing's efforts to proceed with [...]
As Boeing prepares for a leadership change later this year, the incoming CEO faces an immense challenge: orchestrating a profound cultural shift within the company's vast workforce of over 170,000 employees, a significant portion of whom are engineers. The realm of modern air transportation stands as a testament to human ingenuity, where complex aircraft take [...]
Air India has successfully sold four Boeing 747-400 aircraft to the United States-based aftermarket aircraft broker, AerSale, as reported by The Economic Times. This sale concludes an extensive marketing effort by the flag carrier, which ceased operating these aircraft for revenue flights back in 2021. The sale was managed by the UK-based remarketing firm Skytech-AIC. [...]
United Airlines has reached a compensation agreement with Boeing over financial losses stemming from the grounding of its Boeing 737-9 fleet and delays in certifying the Boeing 737-10, according to a recent SEC filing by the airline. The specifics of the compensation, described only as "confidential," involve credit memos from Boeing that United will use [...]
Alaska Airlines has revised its aircraft delivery expectations from Boeing for 2024, with the airline now anticipating receiving between ten and twenty Boeing 737 MAX planes, down from the previously expected 23. The announcement was made by Ben Minicucci, President and CEO of Alaska Air Group, during a first-quarter investor call. Shane Tackett, CFO of [...]
Boeing is set to reveal its quarterly financial results this Wednesday before the market opens, with a specific focus on the production outlook for the 787 Dreamliner. The aerospace giant anticipates a slower than expected increase in production rates for this key aircraft model, signaling a cautious approach amid ongoing industry challenges. The 787 Dreamliner, [...]
Boeing is poised to face a series of challenging questions during its earnings announcement on Wednesday. Stakeholders are keenly awaiting updates on several critical issues, including the selection of potential CEO candidates, ongoing negotiations with Spirit AeroSystems, and issues surrounding the production of the 737 MAX jet. Additionally, the aerospace giant is expected to report [...]
China is accelerating efforts to enhance its aviation industry's competitiveness with the development of the C929 widebody aircraft, a direct competitor to Western giants Airbus and Boeing. The state-owned Commercial Aircraft Corporation of China (Comac) has initiated a major collaborative effort, rallying 280 experts from 21 universities and various civil aviation companies to propel the [...]
The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for Boeing 737-8 and 737-9 aircraft, addressing an electrical issue that could potentially lead to a loss of critical flight instruments. The directive, effective May 22, mandates the installation of two bonding jumpers on the standby power control unit (SPCU) to secure a [...]
