Airbus nears deal on funding, payment terms with Spirit Aero, source says
Airbus is poised to finalise an agreement as early as Wednesday with struggling aerospace supplier Spirit Aerosystems on fresh funding and revised payment terms, a…
Spirit Aero to receive up to $350 million in funding from Boeing
Spirit AeroSystems said Tuesday that planemaker Boeing will pay up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline…
Avia Solutions Group orders up to 80 Boeing 737 MAX jets to gear up expansion
Boeing and Avia Solutions Group, the world's largest ACMI (aircraft, crew, maintenance, insurance) provider, today announced its first order with the company for 40 737-8s,…
Spirit to receive up to $350 million in advance payments from Boeing
Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling…
Boeing commercial airplanes quality chief to retire in December
By David Shepardson WASHINGTON (Reuters) - Boeing's head of quality for commercial airplanes, Elizabeth Lund, who has spearheaded the planemaker's improvement plans, will retire in…
Brazilian planemaker Embraer updates guidance as profit soars in Q3
Brazilian planemaker Embraer's raised its projected adjusted earnings before interest and taxes (EBIT) margin for 2024 to between 9% and 10%, from 6.5%-7.5% before, it…
Portugal targets 2025 TAP sale as more than 12 potential buyers show interest
Portugal's government plans to resume the sale of flag carrier TAP in 2025, the country's infrastructure minister said, after receiving interest from more than a…
Qantas plane lands safely in Sydney after engine failure
A Qantas Airways plane bound for Brisbane suffered an engine failure after take-off on Friday and circled for a short period of time before returning…
FAA to strengthen oversight as Boeing set to resume 737 MAX production
The Federal Aviation Administration said on Thursday it will boost its oversight of Boeing as the planemaker prepares to resume production of its 737 MAX…
Air France-KLM warns of higher annual costs after Q3 profit miss
Air France-KLM on Thursday reported a bigger-than-expected drop in its quarterly operating result and warned that this year's costs would be higher than previously projected.
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