Toulouse-based Airbus is set to boost production of its A350 aircraft to 12 units per month by 2028, a move driven solely by surging consumer demand and not by the challenges faced by its U.S. competitor Boeing, according to Airbus Chief Financial Officer Thomas Toepfer. Speaking to CNBC's Charlotte Reed, Toepfer emphasized that Airbus's decision [...]
Airbus reported a first-quarter operating profit and cashflow lower than anticipated, partially due to increased staffing to prepare for rising demand. However, the aerospace giant reaffirmed its financial objectives for 2024 after facing initial challenges in the year regarding industrial costs. Despite the shaky start, Airbus announced a higher output target for its wide-body A350 [...]
Airbus has obtained a crucial waiver from Canada, permitting the aerospace giant to continue using Russian titanium in its aircraft manufacturing. This development comes after Canada, the first Western nation to do so, imposed a ban on Russian titanium as part of its latest sanctions package in response to the ongoing conflict in Ukraine. The [...]
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 [...]
Airbus has announced the appointment of Robin Hayes, former CEO of JetBlue Airways, as the new leader of its North American operations. This strategic move by the European aircraft manufacturer was disclosed on Monday, signaling a significant shift in leadership aimed at strengthening its presence and operations in North America. Hayes, known for his influential [...]
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 [...]
Cat Aviation, based in Zurich, has proudly taken delivery of the world's first ultra-long-range Dassault Falcon 6X, marking a significant milestone in aviation. The aircraft, registered HB-JTO (msn 5), was ferried to Zurich on February 21, 2024, following connectivity outfitting by Satcom Direct at Little Rock. Since its arrival, the Falcon 6X has been actively [...]
Qantas has joined a pioneering alliance aimed at recycling valuable materials from retired aircraft to manufacture new airplane components, marking a significant stride towards sustainable aviation. The Australian airline announced its collaboration with the Aviation Circularity Consortium (ACC), which includes prominent industry stakeholders dedicated to reducing the carbon footprint across the aviation supply chain. The [...]
The future of reclining seats in economy class may be nearing its end, as airlines look to reduce costs and streamline cabin design, according to aviation and travel expert William McGee. In a recent interview with Condé Nast Traveler, McGee highlighted a growing trend among airlines to eliminate reclining seats in response to rising fuel [...]
