As Airbus shares hit a record high on Wednesday, January 22, the planemaker’s North American rival, Boeing, has just announced that certification of the beleaguered 737 MAX may not be obtained until June. As a result, while Airbus shares were heading in one direction, those of Boeing and also of many of its customers and
With production of the wide-body A380 jet coming to a close in the near future and just five remaining aircraft due for delivery, Airbus has turned its attention to expanding production facilities for the increasingly popular A321 Family narrow-body jet. The European planemaker has revealed plans to convert its Toulouse A380 line into a ‘digitally-enabled’
BAE Systems plc (BAE), the British multinational defense, security and aerospace company, has announced that it is to make two major purchases in the U.S. – the military Global Positioning System (GPS) business belonging to Collins Aerospace, and the Airborne Tactical Radios (ATR) business belonging to Raytheon. The opportunity to acquire two sector-appropriate businesses has
Boeing is currently reviewing a new technical issue with the software update for the currently grounded 737 MAX jet. “We are making necessary updates,” Boeing said in a statement. Officials at the planemaker have confirmed that the issue relates to a software power-up monitoring function which verifies that certain system monitors are correctly operating. In
With the announcement on Thursday by Bombardier Inc that problematic rail contracts in Europe will mean 2019 profits will be lower than expected, and because it may also have to write down the value of the joint venture with Airbus for the former C Series commercial narrow-body jet, the company’s share price fell by up
No sooner had the U.K. government confirmed it was prepared to provide financial assistance to help keep struggling domestic carrier Flybe afloat than the backlash from competitive airlines began. There have also been a number of questions raised as to why the government is prepared to help Flybe when it refused to provide any help
Delta Air Lines’ (Delta) share value increased as much as 4.5% with the announcement that fourth-quarter earnings had exceeded analysts’ highest profit estimate, according to Bloomberg data. The carrier also posted a 2.4% uptick for revenue per available seat mile and beat all expectations for quarterly revenue. According to Delta CEO Ed Bastian: “2019 was
Despite having been taken over by a consortium of businesses less than a year ago, Flybe, which handles over half of all U.K. domestic flights outside of London, is fighting for its survival, with wide speculation that the low-cost domestic carrier is about to fold. When Virgin Atlantic Cyrus Capital and Stobart Group bought the
In a massive and rapid U-turn, the Iranian authorities have now confirmed that its country’s forces mistakenly shot down a Ukraine International Airlines’ Boeing 737-800, flight 752, last Wednesday. The incident occurred shortly after take-off from Imam Khomeini International Airport, Tehran, when the plane was en route to Kyiv, Ukraine. All 176 passengers and crew
A Boeing 737-800 belonging to Ukraine International Airlines has crashed shortly after taking off from Imam Khomeini International Airport, Tehran at 6.12 a.m. local time, Wednesday. The plane, flight PS752, was heading for the capital of Ukraine, Kyiv. According to eyewitnesses, the plane was ablaze prior to crashing into the ground two miles to the
