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.
Boeing secured its first order since the end of a seven-week strike. Avia Solutions Group, which leases planes to airlines, ordered 80 Boeing 737 Max jets.
Boeing Co (NYSE:BA, ETR:BCO)'s head of quality for commercial airplanes Elizabeth Lund will be retiring in December, the airplane manufacturer said on Monday. A longtime executive at Boeing, Lund in February was appointed to the new position of senior vice president of quality for commercial planes, a position created after the January 5 mid-air panel blowout on an Alaska Airlines 737 MAX 9.
Boeing's preferred stock offers a 5.6% yield with dividends paid quarterly starting January 2025. But mandatory conversion by October 2027 limits long-term income appeal. The investment case hinges on Boeing's common stock price and interest rates, with potential price upside if common stock reaches analyst targets. Current preferred stock trades at $53.54, with potential for 50% upside if interest rates drop and common stock hits $238 by 2027.
Boeing Commercial Airplanes quality chief Elizabeth Lund -- who has spearheaded the planemaker's improvement plans -- will retire in December, the company said Monday.