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 strategic move that contrasts with its competitor FedEx's recent challenges, United Parcel Service (UPS) is optimistic about its prospects with the U.S. Postal Service (USPS). UPS Chief Executive Carol Tome revealed on Tuesday that the company anticipates profitability within the first year of its newly acquired USPS air cargo contract. This optimistic outlook [...]
Etihad Airways has raised the bar for luxury travel with its First Class "Apartment" experience, offering passengers a level of comfort and sophistication akin to a private apartment in the sky. And now, travelers can indulge in this unparalleled luxury on flights to New York City, as Etihad unveils its latest offering in the Big [...]
In a significant move aimed at bolstering consumer rights, airlines in the United States will now be mandated to provide refunds in cash for services like canceled, significantly altered, or delayed flights. This new federal rule, announced by the administration, marks a pivotal shift in airline refund policies and aims to enhance transparency and accountability [...]
NASA is on the brink of revolutionizing small spacecraft propulsion with its innovative Hall-effect thruster technology. The United States space agency is actively seeking industry partners to deploy this groundbreaking technology in space, opening up new possibilities for space exploration and satellite missions. The Hall-effect thruster, developed by NASA, represents a significant advancement in propulsion [...]
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 [...]
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 [...]
AirAsia Cambodia has officially introduced its first aircraft, an A320-200 with registration XU-819, as it prepares to commence revenue operations in May 2024. The aircraft arrived in Phnom Penh on April 20 from Jakarta Soekarno-Hatta and is one of two planes the airline plans to station at the airport during its initial launch phase. The [...]
Slovenia-based United Eagle has recently expanded its fleet by acquiring its first Cessna Citation Jet CJ2+, marking a significant addition to its range of aircraft. The jet, registered as S5-CEU and bearing the manufacturer serial number 525A-0387, successfully completed its ferry flight from Calgary, Canada, to Ljubljana, Slovenia. The journey, tracked via Flightradar24 ADS-B data, [...]
Six firms have progressed to the next stage in the process to acquire a majority stake in SriLankan Airlines, as confirmed by Sri Lanka's State Owned Enterprises Restructuring Unit (SRU), an arm of the Ministry of Finance. Among the entities moving forward is a company closely linked to AirAsia (AK, Kuala Lumpur International), highlighting the [...]
