13 November 2024

Spirit AeroSystems secures US$350 million in advance payments from Boeing

Financial, Top Stories

Spirit AeroSystems has announced a critical financial arrangement with Boeing, which will provide the company with up to US$350 million in advance payments. This cash infusion is designed to alleviate some of Spirit’s ongoing financial challenges, including excessive inventory levels, strained operational cash flows and escalating production costs that have put pressure on its balance […]

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The Honeywell Connected Recorder-25 (HCR-25), a combined CVR and FDR © Honeywell

Honeywell and Curtiss-Wright develop 25-hour CVR

MRO & Production, Top Stories

Honeywell and Curtiss-Wright have jointly developed the Honeywell Connected Recorder-25 (HCR-25), a combined cockpit voice recorder (CVR) and flight data recorder (FDR) now available for applicable Boeing and Airbus commercial and cargo aircraft. The HCR-25 was type-certified for use on Boeing 737, 767 and 777 aircraft last year and is set to be type-certified for

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Boeing's 2024 WACF anticipates robust growth for the air cargo industry © Boeing

Boeing projects strong growth for air cargo industry to 2043

Other News

Boeing’s 2024 World Air Cargo Forecast (WACF) anticipates robust growth for the air cargo industry, projecting an average annual increase of 4% in air cargo traffic through 2043. This sustained growth follows a post-pandemic resurgence, with current air cargo volumes already exceeding pre-pandemic levels. Darren Hulst, Boeing’s Vice President of Commercial Marketing, attributes this momentum

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Chromalloy and AAR have signed a global distribution agreement

Chromalloy enters new engine parts supply agreement with AAR

MRO & Production

Chromalloy has announced the signing of a distribution and license agreement with AAR, under which AAR will exclusively distribute the company’s PMA (parts manufacturer approval) parts for the CF6-80C2 engine high-pressure turbine (HPT) Stage 1 and Stage 2 blades across the global aftermarket. However, some account coverage exclusions apply due to Chromalloy’s existing customer agreements.

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Virgin Australia had to adjust its Bali flight schedule following the eruption of Mount Lewotobi in Indonesia

Virgin Australia cancels Bali flights due to volcanic ash disruption

Airlines & Routes

Virgin Australia has implemented necessary adjustments to its Bali flight schedule following the eruption of Mount Lewotobi in Indonesia. The volcanic eruption has released a significant ash cloud, making it unsafe to operate flights to and from Denpasar, Bali. Consequently, all Virgin Australia flights scheduled to depart for, or arrive from, Denpasar on November 13,

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SAS is joining a green hydrogen partnership

SAS joins major green hydrogen partnership between Denmark and the Netherlands

Other News

SAS has joined a collaborative initiative between Danish green hydrogen producers and Dutch industrial markets, officially launched in the presence of His Majesty King Willem-Alexander of the Netherlands, His Majesty King Frederik of Denmark, Dutch Deputy Prime Minister and Minister for Climate Policy and Green Growth Sophie Hermans, and Danish Minister for Climate, Energy and

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