27 October 2023

Southwest Airlines

Southwest Airlines deepens commitment to fuel-efficient 737 MAX with order for 108 Boeing 737-7s

Southwest Airlines is reinforcing its dedication to the environmentally friendly 737 MAX family by placing an order for 108 Boeing 737-7 aircraft. This substantial order aligns with Southwest’s ongoing fleet modernisation initiative and offers the flexibility needed for fleet expansion. Bob Jordan, President and Chief Executive Officer of Southwest Airlines, reflected on their long-standing partnership …

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Air France-KLM and Apollo sign €1.3 billion financing agreement

Air France-KLM and Apollo Global Management have signed a definitive agreement between Apollo-managed funds and entities and a dedicated operating affiliate of Air France-KLM regarding a €1.3 billion financing, accounted as quasi-equity under IFRS, with the option for Apollo to increase the nominal amount up to €1.5 billion in total, prior to closing. This dedicated …

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Pete Schneider joins King Aerospace

Industry veteran Pete Schneider has joined King Aerospace as its new Vice-President, Programme Management and Special Projects. Schneider brings to King Aerospace more than 35 years of project management experience across many challenging, high-profile and highly diversified aerospace programmes, including more than 15 years managing VVIP aircraft programmes for the U.S. Air Force and international …

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Boeing

Boeing posts third-quarter net loss of US$1.6 billion

The Boeing Company has recorded third-quarter revenue of US$18.1 billion and a net loss of US$1.6 billion. GAAP loss per share was (US$2.70) and core loss per share (non-GAAP) was (US$3.26). Third quarter results were impacted by unfavourable defence performance and lower 737 deliveries. Commercial Airplanes third quarter revenue increased to US$7.9 billion driven by higher 787 deliveries. Operating margin of (8.6%) …

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