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 [...]
Japan Airlines (JAL) President Mitsuko Tottori announced on Wednesday the airline's intention to maintain its fleet composed of both Airbus and Boeing aircraft models. This strategic decision underscores JAL's commitment to leveraging a diverse range of aircraft to meet its operational needs and enhance its service offerings. Tottori's statement comes amidst ongoing discussions within 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 [...]
Even as Boeing grapples with mounting scrutiny over safety issues plaguing its 737 series jets, two high-ranking executives are poised to receive substantial compensation packages. Despite announcing their departures from the company, these leaders stand to collect a combined total of $45 million, according to recent disclosures from Boeing. The significant payouts to these executives [...]
In a groundbreaking milestone for the electric vertical takeoff and landing (eVTOL) industry, Beta has achieved the first piloted cruise flight in its Alia-250 aircraft. The achievement marks a significant step forward in the development and commercialization of electric air transportation. The successful piloted cruise flight took place on April 24, 2024, signaling a major [...]
Boeing has offered updated insights into the near-term production rate outlooks for its 737 and 787 aircraft models, highlighting the critical factors influencing monthly output. According to Boeing, the availability of nearly flawless fuselages and an adequate supply of heat exchangers are the primary constraints determining the production rates of these aircraft. The meticulous manufacturing [...]
The Federal Aviation Administration (FAA) announced on Tuesday that it is looking into allegations made by a union regarding Boeing's alleged retaliation against two engineers who advocated for a re-evaluation of prior engineering work on 777 and 787 jets in 2022. According to the Society of Professional Engineering Employees in Aerospace (SPEEA), the two engineers, [...]
Spirit AeroSystems has disclosed a $425 million deal with Boeing to tackle issues such as inventory levels and cash flow challenges following the FAA's production cap on the planemaker's 737 MAX aircraft. This agreement, announced by Spirit on Tuesday, coincides with discussions between the two companies regarding Boeing's potential acquisition of the fuselage supplier, a [...]
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 [...]
As aviation safety remains a top priority, the European Union Aviation Safety Agency (EASA) has issued a final airworthiness directive targeting non-synchronous vibrations (NSV) on CFM International LEAP 1-A engines, used on Airbus A319neo, A320neo, and A321neo aircraft. While EASA has taken decisive action, the Federal Aviation Administration (FAA) is yet to follow suit, despite [...]
