Manufacturing

Coronavirus outbreak
Older than 7 days

Boeing in talks with government on financial aid

Boeing in talks with government on financial aidBOEING - Boeing confirmed it is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the entire aviation sector. The planemaker already tapped 13.8 billion dollars in credit facilities to bolster its financial throuhg 737 MAX and virus crisis.
Trade war
Older than 7 days

Washington state repeals pro-Boeing tax break

Washington state repeals pro-Boeing tax breakSEATTLE - Washington state on Thursday moved to formally repeal an aerospace tax break that benefited U.S. planemaker Boeing and avert looming European Union tariffs on U.S. goods. Boeing said the move would bring the United States into compliance with World Trade Organization (WTO) rules.
Regulation
Older than 7 days

FAA fines Boeing on 737 MAX sensors

FAA fines Boeing on 737 MAX sensorsWASHINGTON - The Federal Aviation Administration (FAA) on Friday proposed fining Boeing $19.7 million for allegedly installing equipment on hundreds of 737 aircraft containing sensors in heads-up displays that regulators had not approved for use.
Airlines
Older than 7 days

Ryanair expects 10% corona hit on bookings

Ryanair expects 10% corona hit on bookingsDUBLIN - Ryanair expects April and May bookings to fall 10% due to the coronavirus outbreak, dealing a "meaningful impact" to quarterly earnings, but its Chief Executive Michael O`Leary said on Tuesday the situation will stabilise by early summer. Meanwhile Ryanair negotiates a new plane order.
787 engines
Older than 7 days

Rolls-Royce reports operating loss on Trent 1000

Rolls-Royce reports operating loss on Trent 1000LONDON - Aerospace engineer Rolls-Royce reported a 2019 operating loss of 852 million pounds ($1.11 billion), after the cost of tackling durability problems with its Trent 1000 engine - used on the Boeing 787 Dreamliner family - eclipsed record engine deliveries and a good after-market performance.
Troubled airliner
Older than 7 days

Superjet fate depends on Aeroflot

Superjet fate depends on AeroflotMOSCOW - Russia`s main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters. Other airlines report no intention to order.
Defense
Older than 7 days

BAE Systems predicts 2020 growth

BAE Systems predicts 2020 growthLONDON - Britain`s BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.
EU tariffs
Older than 7 days

Washington state acts to drop Boeing tax break

Washington state acts to drop Boeing tax breakSEATTLE - Washington state lawmakers moved on Wednesday to remove a key tax break for Boeing and other aerospace firms in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute over aircraft subsidies - days after the Trump admin raised the stakes.
Engines
Older than 7 days

Trump blasts proposed restrictions on sale of jet parts to China

Trump blasts proposed restrictions on sale of jet parts to ChinaWASHINGTON - President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China's aviation industry and suggested he had instructed his administration not to implement them.
Singapore Airshow
Older than 7 days

FAA details steps needed to get Boeing 737 MAX flying

FAA details steps needed to get Boeing 737 MAX flyingSINGAPORE - The head of the U.S. Federal Aviation Administration has set out in detail a "waterfall" of actions that must be carried out before the grounded Boeing 737 MAX returns to service. Speaking to reporters in Singapore, FAA Administrator Steve Dickson said there was no timetable for lifting the ban.
Singapore Airshow
Older than 7 days

Competition heats up in turboprop market

Competition heats up in turboprop marketSINGAPORE - For years turboprops were an ignored corner of the aircraft industry, accounting for about 120 aircraft a year compared with the more than 1,000 jets made by giants Airbus and Boeing. But growing rivalries in the turboprop business cut through a Singapore Airshow depleted by coronavirus this week.
Bombardier sells A220 stake
Older than 7 days

Airbus swings to 2019 net loss

Airbus swings to 2019 net lossTOULOUSE - Airbus plunged to a 1.362 billion Euro net loss in 2019, weighed down by a multinational bribery settlement, but the European aerospace group pledged to increase operating profit and deliver 880 commercial jets this year. In separate news, Airbus will buy Bombardier`interest in the A220.
Singapore Airshow
Older than 7 days

Airbus unveils blended wing body plane design

Airbus unveils blended wing body plane designSINGAPORE - Airbus unveiled a curvaceous aircraft design that blends wing and body, designed to slash carbon emissions by some 20%. The European planemaker has been carrying out flight tests of a 3.2-metre-wide (10.5 feet) technology demonstrator, code-named Maveric, at a secret location in central France since last year.
Coronavirus
Older than 7 days

Singapore kicks off depleted air show

Singapore kicks off depleted air showSINGAPORE - Organisers scrambled on Sunday to shore up the Singapore Airshow, which is going ahead under a cloud of health and economic concerns after dozens of exhibitors pulled out of Asia's largest aerospace gathering due to coronavirus fears - few deals are expected at the biennial event.
Boeing stickt to timeline
Older than 7 days

New 737 MAX software flaw found during tests

New 737 MAX software flaw found during testsWASHINGTON - Flight testers discovered another flaw in the software of Boeing Co's grounded 737 MAX, the plane that suffered two fatal crashes, though the company and the top U.S. aviation regulator said on Thursday the issue most likely could be fixed without extending the target date for the plane's return to service.
737 MAX 10
Older than 7 days

Ryanair makes Boeing offer for new MAX order

Ryanair makes Boeing offer for new MAX orderDUBLIN - Ryanair has submitted an offer to Boeing for a new order of its grounded 737 MAX jet but does not expect to finalise it until the plane returns to service, Chief Executive Michael O'Leary said on Monday. The airline wants to be "at the head of the queue" once the current flight ban is lifted.
UK Serious Fraud Office
Older than 7 days

Did Airbus pay bribes to win AirAsia orders?

Did Airbus pay bribes to win AirAsia orders?KUALA LUMPUR - Shares of Malaysia's AirAsia Group and unit AirAsia X fell on Monday, after allegations by Britain's Serious Fraud Office that Airbus paid a bribe of $50 million to win plane orders from Asia's largest budget airline group. The planemaker declined to comment on the issue.
French prosecuter
Older than 7 days

Airbus to pay 4 billion US-Dollars to settle corruption probe

Airbus to pay 4 billion US-Dollars to settle corruption probePARIS - European planemaker Airbus will pay 3.592 billion euros ($3.98 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, France's financial prosecutor said on Friday. There was no immediate word on whether individuals could face charges.
Boeing
Older than 7 days

FAA expects to clear 737 MAX before mid-year

FAA expects to clear 737 MAX before mid-yearWASHINGTON - Federal Aviation Administrator Steve Dickson called senior U.S. airline officials on Friday and told them the agency could approve the grounded Boeing 737 MAX's return to service before mid-year - a faster time frame than the planemaker suggested this week, people briefed on the calls said.
Return preparations
Older than 7 days

Airlines scour the world for scarce 737 MAX simulators

Airlines scour the world for scarce 737 MAX simulatorsWASHINGTON - Simulator bottleneck: Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing recommended pilots be trained in one of the few simulators replicating the latest model. Simulator manufacturers try to boost output.

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ARA Spot Price in US-¢/Gal. (06/03/2020)
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