Etihad has laid out plans to spend US$1 billion on retrofitting older jets as the airline looks to build on a surge in profit this year against a backdrop of new aircraft shortages. Around 50 Boeing Co (NYSE:BA, ETR:BCO) 787 and 777s will be refurbished initially, before stretching to all of Etihad's wide body jets, chief executive Antonoaldo Neves said on Thursday.
The company's equity raise will de-risk its operations, and that's great for its suppliers.
Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce.
Boeing (BA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
CALGARY, AB / ACCESSWIRE / November 13, 2024 / FLYHT Aerospace Solutions Ltd. ("FLYHT") (TSX-V: FLY)(OTCQX: FLYLF) today announced that it received an order from WestJet Airlines, Ltd.
Airbus SE faces supply chain challenges, particularly with turbofans and cabin equipment, risking its delivery target of 770 airplanes for the year. Despite lower year-on-year order inflow, strong demand and a filled backlog make this a non-issue for Airbus. Airbus booked 82 orders in October, valued at $4.7 billion, with significant orders for the A320neo family, particularly from Riyadh Air.
Investors are feeling more jittery about the stock, even though the recent strike ended.
CNBC's Phil LeBeau reports on the latest news from Boeing.
Boeing said on Tuesday it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers during the same month in 2023, after a weeks-long strike halted most of its aircraft production.
Boeing said it will take weeks before it can fully restart factories after a more than seven-week machinist strike. The manufacturer handed over 14 aircraft in October, the fewest since November 2020, during the pandemic and the tail end of a worldwide grounding of its bestselling 737 Max.
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 supplier a lifeline as it continues to burn cash after four consecutive years of losses.
Avia Solutions Group, which leases aircraft and provides related services, has ordered 40 Boeing 737 Max 8 jets, with an option to order 40 additional jets, the companies said in a joint statement on Tuesday.