Shares of Boeing have slumped more than 20% since late December. The primary culprits have been investor concerns around aircraft demand and -- more recently -- reports of a possible SEC investigation into Boeing's accounting for the 747 and 787 widebody jet programs. At an investor conference last week, Boeing CEO Dennis Muilenberg offered a spirited defense of the company's profit and...
Boeing Co has won an order for 25 current-generation Boeing 737 aircraft from United Continental Holdings Inc (UAL.N), beating rivals including Canada's Bombardier Inc (BBDb.TO) for the second time in a month, two industry sources said on Monday. The deal, which is said to involve the 126-seat 737-700 model, would be worth just over $2 billion at list prices. Boeing and United both...
Aerospace component suppliers HoneywelInternational and United Technologies have held talks about a merger, CNBC reported on Monday, citing people familiar with the situation. A deal would create a company with combined sales of more than $90 billion, combining a maker of jet engines with a supplier of airplane cockpits. United Tech’s shares, part of the Dow Jones industrial...
Messier-Bugatti-Dowty (Safran) signed a contract with Singapore Airlines during the Singapore Airshow to support the landing gear systems on its upcoming fleet of Airbus A350-900 jetliners. The airline’s first A350-900 will start revenue service soon. Since 2008, Messier-Bugatti-Dowty has also provided support services for Singapore Airlines’ A380 super-jumbo jets. This contract giv...
Private air travel is getting the Uber treatment with some of the industry’s biggest customers -- members of the Saudi Royal family -- investing $26.1 million in a company that lets users book private jets from a smartphone. Most private aircraft aren’t used that much, JetSmarter founder Sergey Petrossov, a Russian-born Florida resident, said in an interview. They either stand idled...
Flightworx Aviation are ensuring private owners and operators are ready for August 25, 2016, the date in which the EASA Part NCC ruling takes effect. They are offering free workshops between now and the August deadline to everyone within the industry who requires assistance. Today’s session and all subsequent workshops are being conducted by Flightworx Aviation’s Quality Coordinator...
XTI Aircraft Company (XTI) today announced that it will establish an over-the-counter secondary market so current and future shareholders will have the ability to buy and sell XTI shares on a public market. After garnering $20.6 million in non-binding expressions of interest, the excitement around the TriFan 600 and interest by investors in the company's equity crowdfunding...
How can airlines flying on the same route with the same type of aircraft have varying flight durations? The Directorate General of Civil Aviation (DGCA) has called a meeting of domestic airlines to standardise the block hours — the actual flying time on important routes. “How can an airline have a inflated block time of two hours twenty minutes on a sector when another airline ha...
The airline has often stated that they’d love to be able to offer more transatlantic fifth freedom flights, though those flights have met a lot of opposition from the governments in both the US and EU. This is the source of the big “Open Skies” battle going on at the moment. Furthermore, Emirates has long stated that they really want to start flying to Mexico City. In a Bloomb...
The old guard of traditional transport and manufacturing brands are at the top of the Superbrand 2016 survey, seeing off competition from younger and “sexier” technology companies. British Airways outperformed 1,600 rivals to take the top spot for the third year in a row while watchmaker Rolex holds second place ahead of Lego and electronic goods specialist Dyson. Apple is in sev...
An ANA Holdings Inc. Dreamliner bound for Tokyo returned to Kuala Lumpur because of an engine issue. The plane had 203 passengers and 11 crew members, ANA spokesman Ryosei Nomura said by phone in Tokyo, where the carrier is based. The cause is yet to be determined. The Boeing Co. 787 plane is powered by Rolls-Royce Holdings Plc engines. The enginemaker and the planemaker said they are aware...
This is the dramatic scene at Birmingham Airport after a landing plane veered off the runway and slid onto a grass verge. Panicked passengers were lucky to escape after the Airbus A320 went out of control and ended up on off the tarmac. It was quickly surrounded by emergency fire and rescue vehicles, the Birmingham Mail reports. Officials at the airport said the plane, which had just arri...
