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☆ A tiny low-cost airline you may not have heard of is expanding to 10 new cities. We asked its CEO what to expect.
▼ + stars: | 2024-04-29 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Avelo Airlines continues to expand its fleet and routes, adding 10 new destinations on May 1. As Avelo strives for its third profitable quarter, the CEO says the airline is focused on itself. AdvertisementWhen low-cost newcomer Avelo Airlines launched its first flight three years ago, it had just three Boeing 737 Next-Generation jetliners and served 11 West Coast destinations. Business Insider spoke to Avelo CEO Andrew Levy about what makes the growing airline different from other low-costs and what customers can expect on board its planes. Avelo Airlines' route map.

Persons: Avelo, —, Andrew Levy, Jim Olson, Louis, Walt, we've, Levy, Joe Scarnici Avelo, he's Organizations: Avelo Airlines, Service, Boeing, Alaska Airlines, Business, Concord, Houston Hobby, Walt Disney, Universal Studios, Delta, Avelo, JetBlue Airways, Airlines, BI, Frontier Locations: Burbank , California, Sonoma County, Boise, Idaho, Montana, Albany, Atlanta, Charlotte , North Carolina, Destin, Knoxville, Lakeland, Central Florida, Miami, St, Traverse City , Michigan, Orlando, New Haven, Connecticut, New York City, Hartford, Boston, Alaska

☆ Boeing expects slower production increase of 787 Dreamliner because of parts shortages
▼ + stars: | 2024-04-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023. Boeing told employees on Monday that it expects a slower increase in production and deliveries of new 787 Dreamliner planes because of supplier shortages of "a few key parts." The company had separately been trying to boost output of 787 Dreamliners after quality problems suspended deliveries for nearly two years, ending in mid-2022. "To that end, we have shared with our customers that we expect a slower increase in our rate of production and deliveries," he wrote in the memo, reported earlier by Reuters, adding that the company still plans to increase the rate steadily because of high demand. Boeing reports quarterly results and will likely detail its production plans before the market opens on Wednesday.

Persons: Scott Stocker, Stocker Organizations: Boeing, Boeing's South, Reuters Locations: North Charleston , South Carolina, Boeing's, Boeing's South Carolina

☆ Another Boeing whistleblower has come forward, this time alleging safety lapses on the 777 and 787 widebodies
▼ + stars: | 2024-04-09 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

A whistleblower has come forward with allegations about the safety of at least 1,400 Boeing planes. He said production shortcuts have led to misaligned fuselages on Boeing 777 and Boeing 787 jets. AdvertisementAnother Boeing whistleblower has come forward with concerns over one of the planemaker's family of passenger jetliners, pointing to safety concerns in at least 1,400 widebody airplanes. He noted his concerns about the 787 and 777 airplanes were backed by Boeing data but that his complaints were ignored. "This analysis has validated that these issues do not present any safety concerns, and the aircraft will maintain its service life over several decades."

Persons: misaligned, —, Sam Salehpour, Salehpour, Max, I'm Organizations: Boeing, Service, New York Times, FAA, BI, Times, Alaska Airlines

United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems. A United spokesperson said Monday that the offer is voluntary. Almost all of the shortfall consists of Boeing 737 Max planes, including a new, larger model. United CEO Scott Kirby is one of several airline executives who have called out problems at Boeing and sought a meeting with Boeing directors. Shares of Boeing Co. fell 2%, while United Airlines Holdings was up less than 1% in midday trading Monday.

Persons: Leslie Scott, United, Max, Scott Kirby, David Calhoun Organizations: Boeing, United, Max, Federal Aviation Administration, FAA, Alaska Airlines Max, Alaska Airlines, Boeing Co, United Airlines Holdings

☆ TikTok Can’t Get Enough Boeing Jokes. Guess Who’s Not Laughing.
▼ + stars: | 2024-03-26 | by ( Frank Rojas | ) www.nytimes.com time to read: +1 min

One would-be passenger pretended to pack his carry-on bag with tools, in case he needed to make an in-flight repair. Someone else compared the mere act of boarding a commercial flight to the harebrained, death-defying stunts featured on “Jackass.”“Pray for me, I will have my seatbelt on the entire time,” reads the caption of one TikTok video recorded by an airline passenger as she awaited takeoff. The reason for her concern: Her seat was in the exit row of a Boeing 737 Max. On TikTok and X, users have been sharing videos and memes poking fun at Boeing, one of the world’s leading manufacturers of commercial jetliners — several of which have figured in headline-making incidents in recent weeks. On Monday, the company announced that its chief executive, Dave Calhoun, would be stepping down at the end of the year, capping off a tumultuous tenure that has included groundings, Covid-related disruptions and a dramatic door-panel blowout.

Persons: ” “, Dave Calhoun, ” Organizations: Boeing

☆ Opinion: Trump’s image is on the line
▼ + stars: | 2024-03-24 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. … Deals are my art form.”Having a lot of money distinguished him from other presidential candidates, Trump contended. ‘I don’t need anybody’s money,’ Trump said in his June 2015 presidential campaign announcement.”“Now Trump needs money, a lot of it. In July 2006, she met Trump at a celebrity golf tournament and says that the two had sex that weekend. “Whatever the Fifth Circuit and Supreme Court decide next, the question for President Joe Biden is what to do now,” wrote Lawrence Downes.

Persons: Charles Dickens, “ David Copperfield, Micawber, ” Micawber, “, Dickens, Donald Trump, Letitia James, Trump, he’ll, ”, Tony Schwartz, I’ve, Frida Ghitis, ’ Trump, … Dana Summers, Joe Biden’s, Julian Zelizer, Biden’s, ” Bill Bramhall, Stormy Daniels, Peacock, Ana Marie Cox, Daniels, she’s, Peter Navarro, He’s, Mike Johnson, Kevin McCarthy, House Republicans —, Matt Gaetz ’, Marjorie Taylor Greene, Johnson, Clay Jones, Paul Sracic, Fareed Zakaria, Biden, Peter Bergen, Bashar al, Assad, ” Bergen, Vladimir Putin, Richard Aboulafia, ” David Horsey, Joann, Lynda Gorov, it’s, ” Kate Middleton’s, Princess, Wales, Sara Stewart, Kate, that’s, she’ll, Joe Biden, Lawrence Downes, “ Biden, Greg, Abbott, ’, ” Downes, Trump’s, Jared Kushner, Kushner, Donald Trump’s, Aseel Mousa, Drew Sheneman, Max Besbris, ” Besbris, Linda Thomas, Greenfield, Thomas, Eleanor Roosevelt, ‘, ” Don’t, Grace Elizabeth Hale, Elizabeth Yuko, Avi Weiss, Jennifer Jones, Jill Filipovic, Christine Blasey Ford Derrick Johnson, Peter Rutland, Holly Thomas, Lily Allen, Mary Ziegler, Lanhee Chen, Steve Garvey, Adam Schiff, Patricia Grisafi, Caitlin Clark Walt Handelsman, Caitlin Clark, Amy Bass, Kamilla Cardoso, UCLA’s Kiki Rice, ’ ” Clark, Bass, Pete ’ Maravich, Court, Serena Williams, Clark, Maravich …, — Organizations: CNN, New, Trump, Agency, Twitter, Save, Maga Inc, Biden, Content Agency Trump, House Republicans, Rep, Ohio GOP, Russia ISIS, ISIS, Boeing, Airbus, Crafts, Boys, BBC Studios, Circuit, Texas Gov, Abbott, of Justice, Texans, Harvard, National Association of Realtors, United Nations, “, University of Iowa, ESPN, Iowa Hawkeyes, NCAA Division Locations: Save America, New York, Baton Rouge , Louisiana, Ohio, Russia, Moscow, Iraq, Syria, Syrian, “, Iran, Afghanistan, ”, Ukrainian, Windsor, ” Texas, Texas, Gaza, Southern, Rafah, Egypt, Israel, Gaza City, Al, Grace Elizabeth Hale : Mississippi, ‘, California

☆ The pilot seat could have caused a Boeing 787 to suddenly drop midair. It wouldn't be the first time a similarly bizarre event happened to a widebody aircraft.
▼ + stars: | 2024-03-15 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

A Latam Airlines Boeing 787 dropped midair Monday, injuring at least 50 people. If true, that would be reminiscent of when a military Airbus A330 suddenly nose-dived in 2014. A pilot-seat mishap sent a military Airbus A330 plummetingTen years ago, on February 9, 2014, a Royal Air Force Airbus A330 plummeted 4,400 feet in about 30 seconds. The Boeing 787 system involved has a fly-by-wire system, but instead of a side-stick, the planemaker has installed the traditional yoke. A Singapore Airlines Boeing 787 flight simulator shows the fly-by-wire system uses a yoke instead of the Airbus' side-stick.

Persons: —, Paul Crouch, RAF Brize, armrest, Taylor Rains Organizations: Latam Airlines Boeing, Airbus, Service, CNN, Street, Royal Air Force Airbus, British military's Voyager, RAF, RAF Brize Norton, UK's Military Aviation Authority, Military Aviation, Boeing, Singapore Airlines Boeing Locations: Sydney, Auckland , New Zealand, Kabul, Bastion, Afghanistan

☆ Airbus widens aircraft delivery lead over Boeing as Max crisis deepens
▼ + stars: | 2024-03-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing handed over 27 airplanes to its customers last month as it continues to struggle with quality-control problems and production delays that have frustrated the CEOs of some of its biggest airline customers. So far this year, Boeing has handed over 54 planes, while Airbus has widened its lead over its main rival, delivering 79 planes in the first two months of 2024. Delayed Boeing planes have been difficult for airline leaders. Southwest Airlines , which flies only Boeing 737s, on Tuesday said it would trim capacity plans this year because of fewer Boeing Max deliveries and that it will have to reevaluate its 2024 financial estimates. Last week American Airlines announced a 260-narrow-body-airplane order split between Boeing, Airbus and Embraer.

Persons: Boeing Max, Max jetliners Organizations: Boeing, Airbus, Southwest Airlines, United Airlines, American Airlines, Embraer

Alaska Airlines has begun flying Boeing 737 Max 9 jetliners again for the first time since they were grounded after a panel blew out of the side of one of the airline's planes. They said they resumed flying the Max 9 with a flight from Seattle to San Diego on Friday afternoon. Alaka Airlines and United are the only two U.S. airlines that operate this particular model of the Boeing 737. The Federal Aviation Administration has detailed the process that airlines must follow to inspect — and if necessary, repair — the panels called door plugs, one of which broke loose on Alaska Airlines flight 1282 on Jan. 5. The FAA grounded all Max 9s in the U.S. the day after the blowout.

Persons: jetliners, Max Organizations: Alaska Airlines, Boeing, Max, Federal Aviation Administration, Alaska, FAA, Alaka Airlines Locations: Seattle, San Diego, Oregon, U.S

Alaska Airlines plans to resume flights with its Max 9s on Friday, and United aims to follow suit on Sunday. United Airlines made similar similar findings. Travelers returned to the Boeing 737 Max 8 after two of them crashed in 2018 and 2019, killing 346 people. In that case, Boeing had to redesign an automated flight-control system before the FAA would let Max 8s and Max 9s resume flying after a 20-month grounding. In addition, the FAA says it won't let Boeing expand production of Max jets until it's satisfied that quality-control concerns about the company have been resolved.

Persons: Max, Mike Whitaker, Ben Minicucci, “, Scott Keyes, Scott Kirby Organizations: Boeing, Max, Alaska Airlines, Federal Aviation Administration, FAA, NBC, United Airlines, Travelers, U.S . Department of Transportation, Airline, BOEING, Alaska, Airbus, U.S ., United Locations: United States, United, Oregon, U.S, Portland , Oregon, Alaska

☆ Alaska Airlines expects a $150 million hit due to the grounding of its Boeing planes
▼ + stars: | 2024-01-25 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Read previewAlaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline's planned growth. Separately on Thursday, Southwest Airlines said that it will receive six fewer new planes than it expected this year because of ongoing production problems at Boeing. American Airlines CEO Robert Isom chimed in on Thursday, calling Boeing's safety issues "unacceptable." AdvertisementAnalysts expected American Airlines Group Inc. to earn 11 cents per share, according to a FactSet survey. Alaska's $2 million loss compared with a $22 million profit a year earlier.

Persons: —, Max, Robert Isom chimed Organizations: Service, Alaska Airlines, Boeing, Max, Business, United Airlines —, Southwest Airlines, Southwest, American, American Airlines Group Inc, Revenue, Southwest Airlines Co, Dallas, Alaska Air Group Inc Locations: Alaska, Oregon, Seattle, United, Fort Worth , Texas

The official, Mike Whitaker, said the FAA would not agree to any Boeing request to expand production of Max planes until the agency is satisfied that quality-control concerns have been addressed. The move came on the same day that a key senator indicated that Congress will join the scrutiny of Boeing. The National Transportation Safety Board is investigating the accident on an Alaska Airlines Max 9. Investigators are building a timeline of the door plug that failed, from the early stages of its production to the flight on which it blew off the plane. The Federal Aviation Administration is looking into whether Boeing and its suppliers followed proper safety procedures during manufacturing.

Persons: Mike Whitaker, Max, Sen, Maria Cantwell, David Calhoun, jetliner, Cantwell, Calhoun, ” Organizations: WASHINGTON, —, Boeing, Max, Federal Aviation Administration, Alaska Airlines Boeing, FAA, Senate Commerce, Science, Transportation Committee, National Transportation Safety, Alaska Airlines Max, NTSB Locations: Oregon, Portland , Oregon, Renton , Washington

The United Airlines CEO says he is “disappointed” in ongoing manufacturing problems at Boeing that have led to the grounding of dozens of United jetliners, and the airline will consider alternatives to buying a future, larger version of the Boeing 737 Max. United Airlines CEO Scott Kirby said Tuesday that Boeing needs “real action” to restore its previous reputation for quality. United has a standing order for Max 10 jets, a larger version of the Max line. The grounding of the Max 9 jets is likely to further complicate Boeing's drive to get the new models approved. Doing without the Max 10 probably means United won't grow as fast as it had hoped, Kirby added.

Persons: ”, Scott Kirby, Kirby, Max, United, “ We're, ” Kirby Organizations: United Airlines, Boeing, Max, Alaska Airlines Max, CNBC, Federal Aviation Administration, Airbus Locations: midflight

NEW YORK (AP) — Boeing told employees Monday that it plans to increase quality inspections of its 737 Max 9 aircraft, following the failure of an emergency exit door panel on an Alaska Airlines flight last week. The inspections come after Federal regulators grounded the 737 Max, and that Boeing has said that after the Alaska Airlines flight and customer complaints, it is “clear that we are not where we need to be” on quality assurance and controls. The National Transportation Safety Board is focusing its investigation on plugs used to fill spots for extra doors when those exits are not required for safety reasons on Boeing 737 Max 9 jetliners. Since then, various manufacturing flaws have at times held up deliveries of Max jets and a larger Boeing plane, the 787. Last month, the company asked airlines to inspect their Max jets for a loose bolt in the rudder-control system.

Persons: —, ”, Stan Deal, jetliners, Max Organizations: — Boeing, Alaska Airlines, Boeing, American, Airbus, Airplanes, Deal, Alaska Max, Federal Aviation Administration, National Transportation Safety, Max Locations: Alaska, Portland , Oregon, Portland, Indonesia, Ethiopia

☆ F.A.A. Investigating Whether Boeing 737 Max 9 Conformed to Approved Design
▼ + stars: | 2024-01-11 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

The Federal Aviation Administration said on Thursday that it had opened an investigation into whether Boeing failed to ensure that its 737 Max 9 plane was safe and manufactured to match the design approved by the agency. said the investigation stemmed from the loss of a fuselage panel of a Boeing 737 Max 9 operated by Alaska Airlines shortly after it took off on Friday from Portland, Ore., leaving a hole in the side of the passenger cabin. said that after the Portland incident, it was notified of additional issues with other Max 9 planes. The new investigation is the latest setback for Boeing, which is one of just two suppliers of large planes for most airlines. The company has struggled to regain the public’s trust after two crashes of 737 Max 8 jetliners, in Indonesia in 2018 and Ethiopia in 2019, killed a total of 346 people.

Persons: Max, jetliners Organizations: Federal Aviation Administration, Boeing, Max, Alaska Airlines, United Airlines Locations: Portland ,, Portland, Alaska, United, United States, Indonesia, Ethiopia

☆ Boeing issues 737 Max 9 inspection instructions, a key step toward resuming flights
▼ + stars: | 2024-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing has given airlines instructions on how to inspect their 737 Max 9 jetliners, a step toward ending the grounding of the planes, according to an internal message from company executives. The Federal Aviation Administration ordered airlines to stop flying dozens of the jets over the weekend, less than a day after a door plug blew open during an Alaska Airlines flight as it was at 16,000 feet. No one was seriously injured in the accident during Alaska Airlines Flight 1282, which was bound for Ontario, California, when the door plug blew, forcing it to return to Portland, Oregon, minutes into the flight. "Our teams have been working diligently – with thorough FAA review – to provide comprehensive, technical instructions to operators for the required inspections. United Airlines has a fleet of 79 737 Max 9s and Alaska Airlines has 65.

Persons: jetliners, Stan Deal, Mike Delaney, Max Organizations: Alaska Airlines Flight, Boeing, National Transportation Safety Board, Federal Aviation Administration, Alaska Airlines, Max, United Airlines, CNBC PRO Locations: Alaska, Portland , Oregon, U.S, Ontario , California

☆ From FedEx to airlines, companies are starting to lose their pricing power
▼ + stars: | 2023-12-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Nike last week lowered its annual sales growth forecast and unveiled plans to cut costs by $2 billion over the next three years. "Goods companies don't have the pricing power they did in the pandemic, and some in the hotel and travel [industries] — they don't have the pricing power they did in the immediate post-Covid," he added. Sales growth for companies in the S&P 500 is on track to average 2.7% this year, according to mid-December analyst estimates posted by FactSet. Consumer spending on apparel and groceries rose 2.4% and 2.1%, respectively, from the year-earlier period, according to the survey.

Persons: Andrew Kelly, Mills, Joe Cavaretta, David Kelly, FactSet, Kelly, isn't, airfare, John F, Bob Jordan, Jordan, Ohsung Kwon Organizations: FedEx, Reuters, Shipping, Airlines, Target, Nike, Spirit Airlines, Hasbro, Fort Lauderdale Hollywood International, South Florida Sun Sentinel, Tribune, Service, Getty, Florida Sun, Morgan Asset Management, FactSet, Mastercard, Starbucks, Airline, U.S . Department of Labor, Kennedy International, Southwest, CNBC, Detroit automakers, Toyota, Cox Automotive, Bank of America Locations: New York, speedier, Fort, South

☆ Airbus notched a single order this year for its worst-selling plane
▼ + stars: | 2023-12-03 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Airbus secured a single order for its worst-selling A330-800neo widebody airliner this year. In April, a single order for the A330-800neo was quietly added to Airbus' order book from an undisclosed customer. A Uganda Airlines Airbus A330-800neo. Air Greenland's Airbus A330-800neo. The few carriers that fly the A330-800 have sung its praisesA Kuwait Airways Airbus A330-800neo.

Persons: —, 800neo, Royce Trent, Thomas Pallini, Richard Aboulafia, Peter Ingram, Jacob Nitter Sørensen, intially, Maen Razouqi Organizations: Airbus, Airlines, Boeing, Service, Business, Uganda Airways, Kuwait Airways, Garuda, Air Greenland, Royce, Uganda Airlines Airbus, Air Greenland's Airbus, United Airlines, Hawaiian Airlines, Kuwait Airways Airbus, Aviation, Uganda Airlines, JFK, Dulles International Locations: Garuda Indonesia, Air, Greenland, Kuwait, New York, Washington , DC

☆ Stocks making the biggest moves premarket: Boeing, Affirm, Crocs, Carlyle Group and more
▼ + stars: | 2023-11-28 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Affirm -- The fintech provider of "buy now pay later" services rose 2% after an upgrade to hold at Jefferies on Tuesday. Boeing -- The maker of 737 Max jetliners gained about 2% premarket after an upgrade to outperform at RBC Capital Markets. Carlyle Group -- The private equity asset manager with almost $400 billion under management climbed more than 5% premarket after S & P Dow Jones Indices added it to the S & P SmallCap 600 index effective premarket Thursday. Shopify -- Shares of the e-commerce platform fell nearly 3% premarket after Piper Sandler cut it to underweight from neutral. The Wall Street firm said the shares hold "an untenable valuation" because consensus growth and profit expectations are too aggressive.

Persons: Max jetliners, Ken Herber, Raymond James, Rick Patel, Carlyle, Dow, Samuel Brodovsky, Glaukos, Piper Sandler, —, Samantha Subin, Yun Li, Jesse Pound Organizations: Jefferies, Boeing, RBC Capital Markets, Dow Jones, Glaukos

☆ 9 passenger airliners that have landed on Antarctica's rugged runways made out of blue ice
▼ + stars: | 2023-11-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

These planes land on rugged, unpaved runways mostly made of blue ice and compacted snow. PrivatAir's Boeing 737 and Smartwings' Boeing 737 MAXA Smartwings 737 MAX on Antarctica in January 2022. It was the first time the jet type landed on one of the continent's blue ice runways. Another Loftleider 757 is set to ferry Antarctic Ice Marathon runners to Union Glacier this December. Loftleider Icelandic Airlines' and Titan Airways Boeing 767Titan Airways' Boeing 767 on Antarctica.

Persons: —, George Hubert Wilkins, Glenn Jacobson, PrivatAir, NPI, Tim Hewette, Troll, Fang, Patrick Woodhead Organizations: Atlantic Airways, Boeing, Service, Lockheed Vega, Airbus, Australian Antarctic, Australian, Skytraders, Australian Antarctic Program, McMurdo, AAP, Norwegian Polar Institute, Swiss, NPI, Boeing's, Airlines, Titan Airways, Antarctic Logistics, Expeditions, Antarctic Logistics & Expeditions, Antarctic Ice, Russian Antarctic, Titan Airways Boeing, Norse Atlantic Airways, Emirates, White Desert Locations: Antarctica, Skytraders, Christchurch , New Zealand, Hobart, Australia's, Tasmania, Cape Town , South Africa, Czech, Chile, Russian, NPI, Norway, Cape Town, Russia's

Emirates is a heavyweight when it comes to East-West travel out of Dubai International Airport, the world's busiest for international travel. In March, the airline announced an order of up to 72 Boeing 787-9 Dreamliner jetliners and has further plans to expand. Other purchases Tuesday included:— Emirates announced $1.2 billion in deals with French firm Safran, including for seats. — Emirates announced plans for a $950 million maintenance facility at Al Maktoum International Airport, the city-state's second airfield. — Boeing and SCAT Airlines of Kazakhstan announced the airline would purchase seven Boeing 737 MAX aircraft.

Persons: —, Tim Clark's, FlyDubai, Clark, ” Clark, — Rafael, ”, they’ve, “, Mesfin Tasew, Safran, — EgyptAir Organizations: United Arab Emirates, Emirates, Airbus, Royce, Dubai Air, Boeing Co, Boeing, Ethiopian Airlines, Al Maktoum International Airport, Rolls Royce, Associated Press . Emirates, Dubai International Airport, Ben Gurion International, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Riyadh Air, Dubai, United Nations, Aviation, SAF, Ethiopian, Boeing MAX, MAX, — Emirates, Al, Airlines Locations: DUBAI, United Arab, Al Maktoum, East, West, Dubai, Israel, Gaza, Emirates, Tel Aviv, Riyadh, Saudi, Saudi Arabia, Sydney, Australia, Addis Ababa, Kazakhstan

☆ Boeing wins orders worth $52 billion from Emirates at the Dubai Air Show
▼ + stars: | 2023-11-14 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.

Persons: —, Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France

DUBAI, United Arab Emirates (AP) — The biennial Dubai Air Show opened Monday as airlines are poised to make major aircraft purchases after rebounding from the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. That conflict, as well as Russia's war on Ukraine, likely will influence the five-day show at Al Maktoum Airport at Dubai World Central. It is the city-state's second airfield after Dubai International Airport, which is the world's busiest for international travel and home base for the long-haul carrier Emirates. Air traffic is now at 97% of pre-COVID levels, according to the International Air Transport Association. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday.

Persons: — Rafael, ”, Rafael, Tim Clark, “ We've, ” Clark, “ Organizations: United Arab Emirates, Dubai Air, Al, Dubai World, Dubai International Airport, Emirates, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Russian Helicopters, U.S, ROSCOSMOS, Global, Airbus, International Air Transport Association ., . Emirates, Bloomberg, Boeing, Riyadh Air, Turkish Airlines, Anadolu Locations: DUBAI, United Arab, Ukraine, Dubai, UAE, Israel, Abu Dhabi, Russian, Al, Riyadh, Saudi

☆ Boeing cuts 737 Max delivery forecast as production issues dent third-quarter results
▼ + stars: | 2023-10-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017. Boeing said Wednesday it will deliver fewer 737 Max aircraft than it previously expected this year as it works through production flaws detected on some of the best-selling aircraft. Boeing maintained its expectations for 2023 free cash flow of $3 billion to $5 billion, despite the production problems. I view it as quite the opposite," CEO Dave Calhoun said in an employee note on Wednesday, as the company reported third-quarter results. ET when executives will face questions about its production pace, demand and how it expects to improve margins in its defense unit.

Persons: we've, Dave Calhoun Organizations: Boeing, Max, Budget, Ryanair, Sales, Air Force, Revenue Locations: Renton , Washington , U.S, LSEG

☆ How an alleged scammer sold fake airplane parts to United, Delta, and more — and fooled a whole industry
▼ + stars: | 2023-10-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The plot involved acquiring used parts, restoring them, and then selling them with forged paperwork, according to legal and regulatory filings. AdvertisementAdvertisementGlobal airlines have been flying with fake engine parts for years — and the industry is just now finding out. United confirmed the same in September after revealing it found fake parts on its planes. How to fool an airlineWhile companies scramble to find the fake parts, investigators are trying to figure out how the scheme happened. The Federal Aviation Administration launched a voluntary audit program for suppliers after some 120 convictions involving fake parts were made between 1990 and 1996.

Persons: —, Safran, AOG Technics, AOG, Jose Alejandro Zamora Yrala, Mary Schiavo Organizations: Major, Service, TAP Air, Bloomberg, Workers, General Electric, CFM International, Airbus, Boeing, European Union Aviation Safety Agency, United, Southwest, Reuters, AOG, Wall Street, Convair, Federal Aviation Administration, FAA, Department of Transportation Locations: London, Southwest, Delta, AOG, Europe

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