Boeing fires CEO Dennis Muilenburg after disastrous year

Boeing fires CEO Dennis Muilenburg after disastrous year

Boeing fires top boss and Aviation Week & Space Technology’s Person of The Year Dennis Muilenburg over failure to deal with 737 MAX crisis. US planemaker Boeing has replaced its CEO Dennis Muilenburg after the company faced a series of...
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Airbus wins orders for 170 aircraft

Airbus wins orders for 170 aircraft

Airbus has won $30bn (£23bn) worth of orders for 170 aircraft in another sign of the continued expansion of Middle East airlines. On the second day of the Dubai Air Show, Emirates announced the purchase of 50 Airbus A350-900 XWBs...
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GE to lose $1.4 billion this year from Boeing 737 Max grounding

GE to lose $1.4 billion this year from Boeing 737 Max grounding

GE manufactures the LEAP engines used for Boeing’s 737 Max airplane, which has been grounded worldwide following two deadly crashes in the past year. “We still expect this year to be impacted to the tune of about negative $1.4 billion”...
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Boeing CEO Testify In Front Of Senate

Boeing CEO Testify In Front Of Senate

Dennis Muilenburg – CEO of Boeing grilled in front of Senate – “We Made Mistakes” Boeing’s CEO appeared before the Senate Commerce committee today to address the controversy surrounding the two fatal 737 Max crashes that took th...
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Gulfstream introduces the G700 as the new flagship of its business jet family

Gulfstream introduces the G700 as the new flagship of its business jet family

Gulfstream is now (again) gunning for bragging rights to the world’s biggest private jet, according to Bloomberg. Gulfstream’s G650 was unseated as the world’s largest luxury jet by Bombardier’s Global 7500 last year. But now, Gulfstre...
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Boeing Revenue Tumbles 20%

Boeing Revenue Tumbles 20%

Boeing Revenue Tumbles 20% As Cash Burn Soars Most In 9 Years; 787 Production Throttled.  One of the busiest days of Q3 earnings season is quickly turning into a nightmare for corporate America, as first CAT stunned markets by slashing...
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Dennis Muilenburg Out as Boeing Chairman

Dennis Muilenburg Out as Boeing Chairman

Aviation Week & Space Technology “Person of The Year” Dennis Muilenburg Out as Boeing Chairman, Remains CEO. Because sheer madness has captured many airlines that had to ground a number of Boeing 737 MAX planes for an unknown period of time ...
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US Army selects a new generation of assault rifles and light machine guns

US Army selects a new generation of assault rifles and light machine guns

The US Army has selected three companies to design Next Generation Squad Weapon (NGSW) prototype variants. The US Army announced that it has awarded Textron Systems, General Dynamics Ordnance and Tactical Systems, and SIG Sauer with NGSW prototype contracts th...
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Slovenia’s Adria Airways files for bankruptcy

Slovenia’s Adria Airways files for bankruptcy

Adria Airways has filed for bankruptcy at the Kranj District Court and cancelled all scheduled flights as of September 30, 2019. “Bankruptcy proceedings were initiated by management because of the company’s insolvency and based on the Slovenian Financi...
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Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

Obsolete UH-1 Replacement Boeing MH-139 Helo to Start Testing in December

The Air Force will receive its first MH-139 helicopter for testing in December, as it enters the next phase of the $2.4 billion effort to replace the obsolete Vietnam-era UH-1N Hueys, the head of Air Force Global Strike Command said...
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Boeing Delays Ultra Long Range 777X

Boeing Delays Ultra Long Range 777X

This has the potential to be yet another big blow to Boeing. Boeing has revealed that they’re delaying the introduction into service of an ultra long range version of the 777X. It goes without saying that Boeing is dealing with quite a...
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New FAA Chief: Boeing 737 MAX Not to Return to Skies Until Gov’t ‘Fully Sure’ Plane is Safe

New FAA Chief: Boeing 737 MAX Not to Return to Skies Until Gov’t ‘Fully Sure’ Plane is Safe

Federal Aviation Authority (FAA) administrator Stephen Dickson will be tasked with boosting the government body’s reputation after facing intense scrutiny from Congress, who are demanding stricter oversight into Boeing’s progress in fixing defects with...
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Ryanair pilots vote for strike action

Ryanair pilots vote for strike action

UK-based Ryanair pilots have voted to strike in a row over pay and conditions. In July, the budget airline reported a sharp fall in quarterly profits to 21%, due to higher costs for fuel and staff, and reduced ticket prices. The...
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GE Posts Quarterly Loss

GE Posts Quarterly Loss

General Electric Co. reported a second-quarter loss and flat sales, but said it was making progress in restructuring its long-struggling and hopeless Power division and raised its full-year financial projections. GE also said its CFO Jamie Miller, will be leav...
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Boeing Q2 Revenue Plunges, Missing By $5 Billion

Boeing Q2 Revenue Plunges, Missing By $5 Billion

With the storm clouds over the grounded 737 MAX gathering patiently for the past 5 months, it was only a matter of time before the torrential downpour arrived, which it did just before 730am, when Boeing reported shocking numbers, with...
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