Following a lengthy hiatus, the Boeing 737 MAX aircraft is due to take to the skies once again, with American Airlines committing to feature this airplane in its flight schedule starting this December.
While the 737 MAX is yet to be recertified to fly, Wall Street is fairly optimistic about...
Aerostructures manufacturer Spirit AeroSystems Holdings posted a quarterly loss on Tuesday, proving to be yet another aircraft manufacturer that has been hit by the slump in air travel caused by the COVID-19 pandemic. The company explained in a statement that this loss resulted directly from the reduction in aircraft...
Indian low-cost carrier SpiceJet confirmed on Thursday that they will be resuming the service of their Boeing 737 MAX jets in their fleet after the aircrafts were grounded for approximately two years.
With the service of Boeing 737 MAX jets halted internationally due to safety concerns, SpiceJet has entered into...
Hong Kong airline Cathay Pacific Airways Ltd has decided to shut down its pilot base in London, the company announced on Thursday. In addition, the airline is also considering the closure of its last remaining overseas pilot bases in the United States.
The London base was initially placed under review...
It seems JetBlue won't take no as an answer in its attempts to acquire rival low-cost airline Spirit Airlines. After making improvement on its original offer in early June, JetBlue has sweetened it once again this week.
JetBlue initially saw its bid for Spirit snubbed in favor of the one...
Indian budget airline Akasa Air revealed on Wednesday that it has signed an agreement with engine maker CFM International for the sale of their LEAP-1B engines. These engines will be used to power Akasa Air's recently-purchased 737 MAX airplanes.
The deal, worth almost $4.5 billion, includes the sale of spare...
With the future of the largest U.S. aerospace manufacturer and exporter on the line, Boeing CEO Dave Calhoun now faces the challenge of rebuilding his company's sales in its core airliner business. Boeing is still suffering the detrimental impact of the coronavirus pandemic on air travel, as well as...
Delta Airlines publicly divulged its third-quarter financials on Tuesday, revealing an almost $5.4 billion loss on a net basis. This emphasized what CEO Ed Bastian called “the magnitude” of the effects that the coronavirus pandemic had on the airline industry.
While Delta met its expected total operating revenue of $3.1...
Israel Aerospace Industries (IAI) announced on Wednesday that it has closed a deal with Etihad Engineering to establish an aircraft conversion site in Abu Dhabi in the United Arab Emirates. The site will be used to convert Boeing 777-300ER passenger planes into cargo aircraft. This site, which will be operating...
Many investors have recently been cautious about the plane maker giant Boeing due to its slumping stock, 35.5% down year to date and the company’s mounting debt. However, investment firm CFRA Research analyst Colin Scarola argues that now is the right time to buy the shares of Boeing as...