Category: Aerospace / Defense

Boeing Q2 Revenue Plunges, Missing By $5 Billion
24. 7. 2019 No Responses

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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Boeing 737 Max Grounding Charges to Reach $8 Billion
22. 7. 2019 No Responses

Boeing 737 Max Grounding Charges to Reach $8 Billion

The financial fallout from the troubled 737 Max jetliner continues to swell for Boeing, which on Thursday announced $7.3 billion in costs that will hit its bottom line. The price tag could still climb. The Max has been grounded for...
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Boeing and Ryanair quietly rebranded 737 MAX
16. 7. 2019 No Responses

Boeing and Ryanair quietly rebranded 737 MAX

The Boeing 737 MAX has been grounded for months, with no end in sight to the grounding, given that they keep finding problems with the plane. Even once the plane is fixed and certified by the FAA, there will be...
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Norwegian Air CEO steps down
11. 7. 2019 No Responses

Norwegian Air CEO steps down

Norwegian Air’s Bjoern Kjos stepped down on Thursday as chief executive of the budget airline he co-founded. Kjos, 72, a former fighter pilot, helped to build a tiny Norwegian airline housed in pre-fabricated barracks on the edge of Oslo airport...
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Hinduja-Etihad consortium gearing up for Jet Airways bid
28. 6. 2019 No Responses

Hinduja-Etihad consortium gearing up for Jet Airways bid

Also Tata’s, Qatar Airways in exploratory mode. After failed negotiations earlier with multiple suitors, the SBI-led consortium decided to take Jet Airways to the bankruptcy court on June 17 and on June 20, the National Company Law Tribunal (NCLT) admitt...
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480 pilots sue Boeing, FAA revealed new glitch in 737 MAX
27. 6. 2019 No Responses

480 pilots sue Boeing, FAA revealed new glitch in 737 MAX

480 737 MAX pilots sue Boeing over ‘unprecedented cover-up’ that led to crashes & grounding. A class-action lawsuit against Boeing reportedly accuses the US aviation giant of covering up the faulty sensor issue and keeping pilots in the dark about...
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S-500 Prometheus was accepted into service
23. 6. 2019 No Responses

S-500 Prometheus was accepted into service

The Russian Anti-Ballistic and Anti-Aircraft system S-500 Prometheus was accepted into evaluation phase service and already protects Russia. The S-500 Prometheus Anti-Ballistic and Anti-Aircraft missile system, according to expert estimates, uses brand new ra...
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American Airlines prefer European Airbus over US planemaker Boeing
20. 6. 2019 No Responses

American Airlines prefer European Airbus over US planemaker Boeing

The world’s largest air carrier, American Airlines, has become the first major US airline to buy 50 long-range, single-aisle A321XLR jets from Airbus as Boeing is tries to win back customers’ trust after two recent crashes. European aerospace giant Airbus....
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Paris Air Show 2019 kicks off at Le Bourget
17. 6. 2019 No Responses

Paris Air Show 2019 kicks off at Le Bourget

Boeing under pressure at Paris air show while Airbus reveals new plane. Boeing CEO Dennis Muilenburg will be under the spotlight at this week’s Paris air show following the two 737 Max crashes that killed almost 350 people. While plane manufacturers...
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United Technologies, Raytheon Combine Into Aerospace, Defense Giant
10. 6. 2019 No Responses

United Technologies, Raytheon Combine Into Aerospace, Defense Giant

United Technologies and Raytheon agree to all-stock merger that would create aerospace behemoth. Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, a tie-up that would create a behemoth in the fast-growing defense and a...
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Russia Tested Modernised Missile of the Anti-Ballistic Missile System
4. 6. 2019 No Responses

Russia Tested Modernised Missile of the Anti-Ballistic Missile System

A new video released Tuesday by the defence ministry shows the test firing of an unnamed modernised missile of the Russian ABM [Anti-Ballistic Missile] system. The defence ministry has remained mum on the nature and specifications of the new weapon, only co...
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Boeing reports faulty parts on 737 wings, including MAX
3. 6. 2019 No Responses

Boeing reports faulty parts on 737 wings, including MAX

The FAA published a notice warning of defective parts on the wings of around 300 Boeing 737 MAX and 737 NG. The manufacturer requests operators to change the parts. An undisclosed subcontractor has informed Boeing that a batch of leading-edge slat...
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IndiGo, the low-cost conqueror, is coming for Emirates
28. 5. 2019 No Responses

IndiGo, the low-cost conqueror, is coming for Emirates

The world’s largest airline by international passengers hit an air pocket in the 12 months through April, with net income falling by more than two-thirds to its lowest level since 2002. On the far side of the Arabian Sea, meanwhile,...
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Airbus beats estimates
30. 4. 2019 No Responses

Airbus beats estimates

Aerospace and defense giant Airbus boosted operating profit thanks to commercial aircraft. The European aviation manufacturer Airbus increased its net operating profit to EUR 549 million from EUR 14 million in the same period last year. This was due mainly to...
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Boeing Reports 21% Drop in Earnings and Suspension of Share Buybacks
24. 4. 2019 No Responses

Boeing Reports 21% Drop in Earnings and Suspension of Share Buybacks

Investors were expecting a disastrous quarter from Boeing and they were not disappointed. Boeing, the world’s largest aircraft manufacturer, net profit fell 21% in the first quarter. The worsening of economic results is largely due to the crisis around t...
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