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X @Bloomberg
Bloomberg· 2025-08-21 11:16
Boeing is heading closer toward finalizing a deal with China to sell as many as 500 aircraft, sources say https://t.co/ux8I3ZJ0MS ...
X @Bloomberg
Bloomberg· 2025-08-20 11:17
Order Announcement - The announcement of China's order for 500 Airbus planes was initially anticipated in early July [1]
X @Bloomberg
Bloomberg· 2025-08-20 09:30
Thousands of Airbus workers in the UK are set to walk off the job for 10 days in September after 90% of union members voted to strike over the aircraft manufacturer’s pay offer https://t.co/EMpSH5WU92 ...
The “Dog Days” Of Summer Are Not Causing Boeing To Sweat
Forbes· 2025-08-18 14:25
Core Insights - Boeing is experiencing significant production gains, particularly with the 737MAX, as stock prices have risen by 37% since the beginning of the year and aircraft deliveries have exceeded analyst expectations [2][8] Production and Deliveries - In July, Boeing delivered 37 MAX aircraft, approaching the FAA-mandated production cap of 38 per month, which is an increase from an average of 35 per month over the previous three months [3] - In the first half of August, Boeing delivered 17 aircraft, including 15 MAXes, indicating stable assembly operations and supply chain performance [5] - Boeing's backlog stood at 6,572 aircraft at the end of July, with 10% of that backlog designated for delivery to Chinese airlines [6] Financial Performance - The company's revenues increased by 26% in the first half of the year, following a shutdown due to a safety incident in January 2024 [8] - Operating cash flow turned positive in the second quarter at $227 million, a significant improvement from a nearly $4 billion negative figure in the same period in 2024 [9] Labor Relations - A strike involving 3,200 members of the International Association of Machinists has entered its second week, with no clear resolution in sight [9] - The initial offer of a 20% wage increase and a $5,000 bonus was rejected by the rank and file, leading to the current strike [10] - Boeing has rescinded the $5,000 bonus offer, and union leadership is urging the company to return to negotiations [11] Future Outlook - The 777X program has reached a milestone with the fifth 777-9 completing its first flight, with hopes to conclude testing and certification by the end of the year for first deliveries in 2026 [7] - Despite ongoing labor challenges, Boeing is showing confidence in its ability to navigate business and labor issues, having previously resolved a significant strike affecting 33,000 workers [12]
Electra and Surf Air Mobility Complete First Commercial Demonstrations of Ultra Short Aircraft at Virginia Tech
Prnewswire· 2025-08-13 13:00
Core Insights - Electra is advancing air mobility through its Direct Aviation initiative, which aims to create thousands of new routes with its EL9 Ultra Short aircraft expected to enter commercial service in 2029 [1][7] - Surf Air Mobility, leveraging its operational experience and software platform, plans to integrate Electra's technology to scale the market for electrified aircraft [2][12] Group 1: Electra's Technology and Vision - Electra's EL9 aircraft is designed for short takeoffs and landings, enhancing operational flexibility and reducing costs compared to traditional aviation [3][7] - The Ultra Short technology enables Direct Aviation, which utilizes smaller, accessible locations for air travel, avoiding congestion at major airports [4][5] - A study from Georgia Tech indicates significant demand for Direct Aviation in the U.S. Northeast Corridor, identifying ideal routes for Electra's services [6] Group 2: Market Demand and Partnerships - Electra's EL9 aircraft operates at one-third the cost of helicopters and is 100 times quieter, with over 2,200 pre-orders from more than 60 operators globally [7][11] - Electra's strategic partnerships include major investors like Lockheed Martin Ventures and Honeywell, as well as contracts with U.S. military branches [11] - Surf Air Mobility aims to enhance safety and efficiency in the Regional Air Mobility industry through its AI-powered software and electrification solutions [12]
X @Bloomberg
Bloomberg· 2025-08-08 13:41
Aircraft maker Pilatus Flugzeugwerke has stopped deliveries to the United States one day after the 39% tariff rate on Switzerland went into effect, as US President Trump’s surprise decision roils local manufacturers https://t.co/MabovsjNEr ...
Bombardier to Launch Major U.S. Services Expansion Initiative Across Multiple States 
Globenewswire· 2025-08-07 11:30
MONTREAL, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Bombardier is proud to announce the launch of a major expansion initiative within its services and support network in the United States. This multi-phase, multi-site expansion initiative aims to meet the increasing demand for OEM-backed convenience and care from the company's growing customer base. Expansion projects are expected to roll out over the coming years, and will be focused on both regions where Bombardier currently operates, as well as new ones. As part ...
Cathay Pacific Signs Agreement for More GE Aerospace Engines to Power 777-9s
Prnewswire· 2025-08-06 05:18
Group 1 - GE Aerospace announced that Cathay Pacific has committed to purchasing GE9X engines for 14 additional Boeing 777-9 aircraft, increasing the total commitment to 35 GE9X powered 777-9s [1] - The deal includes a service agreement for the maintenance, repair, and overhaul of the GE9X engines [1] - The GE9X engine is recognized as the world's most powerful commercial aircraft engine and the most fuel-efficient in its class, offering 10 percent better specific fuel consumption than its predecessor, the GE90-115B [2] Group 2 - The GE9X engine is exclusively available on the Boeing 777X family, which includes the 777-9 and 777-8F aircraft [2] - The engine's emissions technology is considered a generation ahead, contributing to its market-leading status [2] - GE9X engines can operate on Sustainable Aviation Fuel (SAF) blends, aligning with industry trends towards sustainability [3] Group 3 - GE Aerospace has an installed base of approximately 49,000 commercial and 29,000 military aircraft engines, showcasing its significant presence in the aerospace industry [4] - The company employs around 53,000 individuals and has a history of over a century in aerospace innovation [4] - GE Aerospace is focused on defining the future of flight and ensuring safe travel for passengers [4]
Cathay Pacific Orders 14 More Boeing 777-9 Passenger Jets
Prnewswire· 2025-08-06 05:00
Core Viewpoint - Cathay Pacific has placed an order for 14 additional Boeing 777-9 passenger jets, increasing its total order to 35, aimed at meeting rising air travel demand while enhancing operational efficiency and sustainability [1][3]. Company Summary - Cathay Pacific is expanding and modernizing its fleet with the new 777-9 aircraft, which is designed to reduce fuel consumption and emissions by an average of 20% and noise by 40% compared to older models [1][3]. - The airline's CEO, Ronald Lam, emphasized the importance of the new aircraft in maintaining its status as a leading global airline and enhancing its Hong Kong hub connectivity [3]. - The addition of the 777-9 is expected to lower operating costs and support the expansion of both passenger and cargo operations on long-haul routes [3][4]. Industry Summary - Boeing's 777-9 is positioned as a flagship aircraft for Cathay Pacific, showcasing its commitment to passenger comfort and connectivity [4]. - The 777-9 has a range of 7,295 nautical miles (13,510 km), enabling direct connections from Hong Kong to various global long-haul destinations [4]. - Over 550 units of the 777X series have been ordered globally, indicating strong demand and sustaining thousands of jobs within Boeing's supply chain [4].
X @Bloomberg
Bloomberg· 2025-08-05 15:10
Investment & Strategy - Embraer SA committed to invest $1 billion in the US [1] - The investment aims to mitigate potential negative impacts from possible tariffs [1] Company Focus - Embraer is a Brazilian aircraft manufacturer [1]