In a bid to facilitate a potential merger deal between Spirit AeroSystems and Boeing, Airbus has reportedly requested financial compensation to absorb the struggling operations of Spirit AeroSystems. This demand has surfaced as a significant hurdle in the ongoing discussions between the supplier and its primary client, Boeing. According to sources familiar with the matter, [...]
China's domestically developed narrowbody passenger aircraft, the C919, has successfully completed a series of rigorous post-flight safety assessments. This significant milestone is poised to bolster the C919's prospects in international markets, escalating competition with its counterpart, Boeing, amidst the American manufacturer's ongoing technical challenges. The completion of the "deep level" safety tests represents a pivotal [...]
Joshua Dean, a former Boeing whistleblower, has tragically passed away, adding to a series of concerns surrounding safety issues within the aviation giant. His death comes just a month after another former Boeing employee was found deceased in his car. Dean's passing has raised questions and renewed attention on the safety practices within Boeing, particularly [...]
Dubai Aerospace Enterprise (DAE) Capital is set to receive approximately half of the aircraft originally promised by Boeing for delivery this year, according to DAE's Chief Executive. This announcement marks a significant reduction in expected deliveries from the planemaker, impacting DAE's operations and fleet expansion plans for the year. Sources: AirGuide Business airguide.info, bing.com, reuters.com
Airbus is reportedly set to lock out workers at its Canadian A220 assembly line if they reject the latest contract offer due on Wednesday. This development follows recommendations from a conciliator, as seen by sources close to the matter. The potential lockout underscores the tense negotiations surrounding the new contract terms for the aircraft manufacturing [...]
Turkish Airlines is currently engaged in negotiations with both Airbus and Boeing to procure 235 aircraft as part of its expansion plans, as announced by Chairman Ahmet Bolat on Monday, April 29th. The airline is indeed in discussions for a substantial new aircraft order, encompassing models from both Airbus and Boeing, totaling 235 aircraft. This [...]
Skylinks Aviation, based in Goa, India, has taken a significant step towards enhancing its fleet by signing a letter of intent (LOI) with Mallard Aircraft for the purchase of four ME-1A amphibious aircraft. The agreement was formalized last month in Venice, Italy, marking an ambitious move by Skylinks to broaden its operational capabilities. Jagdish Kotecha, [...]
Spirit AeroSystems Holdings and Airbus are reportedly gearing up for high-level talks regarding the potential takeover of crucial airplane manufacturing assets. According to Bloomberg News, senior executives from both companies will convene in New York soon to discuss the details of this significant acquisition, highlighting the strategic moves within the aerospace industry. This meeting signifies [...]
Boeing has tapped into public credit markets to raise $10 billion as it continues to navigate significant financial and operational hurdles. This fundraising effort comes at a crucial juncture for the aerospace giant, which is still grappling with the fallout from its 737 Max 9 door plug incident in January, alongside efforts to ramp up [...]
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 [...]
Boeing is experiencing a slowdown in the production and delivery of its Boeing 787 Dreamliners and Boeing 737 MAX aircraft, attributed to ongoing supplier shortages and quality control challenges. Scott Stocker, vice president and general manager of the Boeing 787 program and Boeing South Carolina site leader, communicated to staff the impact of these shortages [...]
The United States Department of Justice (DOJ) has indicted ten individuals, arresting one, for their involvement in a scheme designed to circumvent U.S. sanctions against Venezuela's state-owned oil company, PDVSA. The charges allege a conspiracy to violate the International Economic Emergency Powers Act by illegally obtaining aircraft parts, including Honeywell Aerospace Turbofan engines, from the [...]
