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CNN —China’s first large homegrown passenger jet made its inaugural commercial flight on Sunday, flying from Shanghai to Beijing, Chinese state news agency Xinhua reported. Flying as China Eastern Airlines flight MU9191, the new narrow-body C919 plane left Shanghai at 10:32 a.m. local time. With a range of up to 5,555 kilometers (3,452 miles), the C919 will take on the world’s two major aircraft manufacturers, Airbus and Boeing. It will be a direct competitor to their A320 and B737 narrowbody jets, most commonly used for domestic and regional international flights. Many of the plane’s major elements such as the nose, fuselage, outer wing, vertical stabilizer and horizontal stabilizer were designed by COMAC.

May 19 (Reuters) - AIP Capital, the aviation asset management arm of 777 Partners, plans to invest up to $200 million in small and medium aerospace suppliers by the end of next year, at a time when the lower rungs of the supply chain are facing financial difficulties. The investments may include a first lien loan, and a single investment will range between $10 million and $30 million, AIP Capital Managing Partner Mathew Adamo told Reuters in an interview. AIP, which was launched earlier this week, has entered into a servicing agreement with 777 Partners to manage all commercial aircraft owned by the private-equity firm. Stamford, Connecticut-based AIP said supply chain investments would focus on companies in developed countries. It is targeting to raise $300 million to $500 million by the end of this year overall for private credit investments.

☆ Watch the world's biggest plane take off into the sky, as the Stratolaunch Roc successfully completes its first drop test
▼ + stars: | 2023-05-18 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Videos show the Stratolaunch Roc successfully completing its first drop test. A video shows the biggest plane in the world taking off and cruising into the sky — taking it one step closer to hypersonic flight. The Stratolaunch Roc successfully completed its first drop test — which tested the plane's ability to release an autonomous launch vehicle in the air — in Mojave Desert on Sunday, according to the company's press release. Stratolaunch's vehicle Talon-A could be seen attached to the plane. In another video posted by Stratolaunch on Twitter, the Roc was shown landing flawlessly on the runway.

☆ Boeing Sticks With Financial Outlook After Latest 737 MAX Problem
▼ + stars: | 2023-04-26 | by ( Andrew Tangel | ) www.wsj.com time to read: 1 min

Boeing plans to increase production to 38 737 MAX jets a month later this year. Photo: Ellen M. Banner/Press PoolBoeing Co. said a new production problem expected to delay deliveries of its 737 jets to airlines this summer won’t disrupt the plane maker’s overall financial outlook for the year. The Arlington, Va., aerospace company said Wednesday revenue rose 28% to $17.9 billion in the first quarter from the same period the previous year, beating analysts’ estimates. Boeing said it delivered 130 commercial aircraft in the three months ended March 31 as demand for new airliners remained robust.

☆ Sustained firing heard in Sudanese capital amid tensions
▼ + stars: | 2023-04-15 | by ( ) www.cnbc.com time to read: +2 min

Smoke rises above buildings in Khartoum on April 15, 2023, amid reported clashes in the city. KHARTOUM, Sudan (AP) — Sustained firing broke out in the Sudanese capital Saturday morning amid simmering tensions between the military and the country's powerful paramilitary forces. The sounds of heavy shooting could be heard in a number of areas, including central Khartoum and the neighbourhood of Bahri. In a statement issued Saturday morning, the RSF accused the army of attacking its forces at one of its bases in South Khartoum. Commercial aircraft trying to land in the capital, Khartoum, began turning around to head back to their originating airport.

☆ Boeing aircraft deliveries jump as airlines await new jets for travel rebound
▼ + stars: | 2023-04-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Boeing delivered 64 planes last month, the most since December, while some customers continue to await new aircraft to capitalize on a boom in travel. Boeing also handed over 52 of its bestselling 737 Max jets, just as it gears up to increase production of the planes. The company has targeted deliveries of more than 400 Max planes this year. Boeing also reported net orders for 38 planes in March as demand picks up for new jets.

RIO DE JANEIRO, April 11 (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) aims to sign a deal for the sale of 20 commercial jets to a Chinese airline during President Luiz Inacio Lula da Silva's visit to China this week, two people familiar with the matter told Reuters on Tuesday. The deal would mark a breakthrough for Embraer in China, where it has struggled to find new business since the 2016 closure of a joint venture at a factory in Harbin. That venture with Chinese group Avic, launched in 2003 during Lula's first presidential term, produced a previous generation of regional jets and Legacy 650 executive jets. Embraer has delivered 110 commercial aircraft to Chinese airlines, including 70 to Hainan Airlines (600221.SS) and 20 to China Southern (600029.SS), according to securities filings. The planemaker has not received a new order from a Chinese airline since leaving Harbin in 2016.

☆ Stocks making the biggest moves midday: General Motors, AMC, Virgin Orbit, Kinross Gold and more
▼ + stars: | 2023-04-04 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Virgin Orbit — Shares tanked more than 22% after the California-based satellite launch company filed for Chapter 11 bankruptcy protection. Virgin Orbit said it is looking to sell its assets and will lay off nearly all of its workforce. AMC's "APE" preferred shares gained 8.5% following the news. Etsy – Etsy shares gained 2.4% after Piper Sandler upgraded the e-commerce stock to overweight from neutral, saying that its marketplace strengths should help revamp active buyer growth. Gold miners — Shares of mining companies rallied as gold futures popped on Tuesday.

Etsy — The e-commerce company's shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. Virgin Orbit — The satellite launch company sank 14% in the premarket after filing for Chapter 11 bankruptcy protection. Tesla — Shares of the electric vehicle maker ticked up nearly 1% in premarket trading. Tesla stock declined 6.1% a day earlier, with investors seemingly responding to the company's vehicle delivery report from the weekend. The media company's shares have jumped 7.8% year to date.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Boeing, Chipotle, Rivian, Etsy, Exxon & more
▼ + stars: | 2023-04-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler reiterates Apple as overweight Piper said iPhone share remains at near record levels for Apple. Bank of America reiterates Endeavor as buy Bank of America said it's bullish on Endeavor's plan to merge WWE and UFC. Piper Sandler upgrades Etsy to overweight from neutral Piper said it sees "continued share gains" for the e-commerce company. Deutsche Bank reiterates Citizens Financial and PNC as buy Deutsche said it's cautious on bank stocks overall, but that it likes Citizens and PNC as top picks. Bank of America reiterates Analog Devices as buy Bank of America said Analog Devices has "best-in-class" free-cash flow returns.

The Treasury said that Mkrtychev's negotiations with North Korean and Russian officials "detailed mutually beneficial cooperation," adding that Mkrtychev confirmed Russia's readiness to receive military equipment from North Korea with senior Russian officials. Russia's embassy in Washington and North Korea's mission to the United Nations in New York did not immediately respond to requests for comment. In December, the White House said private Russian military company, the Wagner Group, took delivery of an arms shipment from North Korea to help bolster Russian forces in Ukraine. In November, after the White House said Pyongyang was covertly supplying Russia with a "significant" number of artillery shells, North Korea said it had never had arms dealings with Russia and has no plans to do so. Reporting By Arshad Mohammed, Daphne Psaledakis and Kanishka Singh; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Russia is offering North Korea food for a bunch of weapons it needs to wage war in Ukraine, White House says
▼ + stars: | 2023-03-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russia is once again seeking weapons from pariah states like North Korea to fuel its war in Ukraine. North Korea has battled food shortages in recent years while Moscow faces weapons shortages. The US has previously accused North Korea — and other isolated countries like Iran — of backing Russia's campaign by providing it with military assistance. "We also understand that Russia is seeking to send a delegation to North Korea and that Russia is offering North Korea food in exchange for munitions," Kirby said, according to multiple reports. Earlier this year, the White House revealed intelligence that it said showed North Korea providing rockets and missiles to the Kremlin-linked Wagner Group, a notorious paramilitary organization.

☆ How airplane seat refurbishing became a billion-dollar industry
▼ + stars: | 2023-03-29 | by ( Erin Black | ) www.cnbc.com time to read: +1 min

The aircraft-interiors market was a $6.5 billion business in 2022, according to AeroDynamic Advisory and Tronos Aviation Consulting. The total seat market was $2.9 billion, with new seats at $933 million, retrofitted seats at $1.39 billion and repairs and other interior items making up the rest of the market. An airline may choose to refurbish seats versus replacing seats based on a few factors which include age of aircraft, age of the actual seats and cost. CNBC visited Latitude Aero, a refurbishment company in Greensboro, North Carolina, to see what goes into giving airplane seats a second life. A small company compared to seat manufacturers like Collins Aerospace and Zodiac Aerospace, Latitude has nonetheless enjoyed some healthy growth recently.

☆ Putin's war turned this quiet Polish airport into a global military hub where passenger jets touch down alongside Patriot missiles
▼ + stars: | 2023-03-26 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +9 min

Rzeszów-Jasionka Airport is just 50 miles from Poland's border with Ukraine. He told Insider: "I realized that a great challenge was ahead of us and that any mistake on our part couldn't be an option." Hamryszczak told Insider that he had to rise to "countless" challenges, including making complex arrangements with world leaders and welcoming the world's media. Air Force One is "the most famous aircraft that has ever visited our airport," Hamryszczak said. "This is no longer the same regional airport that operated in 2021, or even before the pandemic," Hamryszczak told Insider.

☆ A faulty defibrillator aboard an American Airlines flight led to a 14 year old's death, a new lawsuit claims
▼ + stars: | 2023-03-23 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

Kevin Greenidge was 14 years old when he experienced cardiac arrest on an American Airlines flight. A lawsuit filed recently by the teenager's mother alleges the defibrillator on the plane wasn't working. The suit says the defibrillator was faulty — and places the blame on American Airlines. In a statement to Insider, an American Airlines spokesperson said the carrier was reviewing details of the lawsuit. American Airlines didn't comment to Insider on the number of times defibrillators have been used on its flights.

☆ U.N. aviation council votes to hear MH17 case against Russia
▼ + stars: | 2023-03-17 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

MONTREAL, March 17 (Reuters) - The United Nations aviation council on Friday voted to hear a case against Russia over the 2014 downing of Malaysia Airlines Flight MH17, the foreign ministers of Australia and the Netherlands said. Australia and the Netherlands initiated the action over MH17 last year at the International Civil Aviation Organization (ICAO). The ICAO upheld its jurisdiction to hear the matter during a session on Friday, Australian Foreign Minister Penny Wong said in a written statement. Dutch Foreign Minister Wopke Hoekstra called the decision to hear the case "an important step towards establishing the truth, justice and accountability". In October, Russia failed to win enough votes at ICAO's triennial assembly to keep its council seat.

☆ These are the best and worst US airlines for on-time performance in 2022, according to DOT data — see the list
▼ + stars: | 2023-03-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

The Department of Transportation's list of airlines' on-time performance was published Thursday. Every airline had a worse on-time performance rate in 2022 compared to 2021. But, the Dallas-based carrier was still the worst-performing company among the Big Four, which also includes American Airlines, United Airlines, and Delta. Take a closer look at the best and worst airlines for on-time performance for 2022:10. Delta Air LinesDelta Air Lines Boeing 737-900ER aircraft Alex Tai/SOPA Images/LightRocket via Getty ImagesRate: 82.14%Rate in 2021: 88.22%

☆ Which airlines had the best on-time performance in 2022? Delta led the pack — see the rest of the list.
▼ + stars: | 2023-03-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

☆ Boeing expects 2023 aircraft financing to reach pre-pandemic levels
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

March 15 (Reuters) - Boeing Co (BA.N) said in a report on Wednesday that it expects commercial aircraft financing to reach near pre-pandemic levels in 2023, highlighting strong industry fundamentals. The carrier released its outlook amid increased signs of distress in the banking sector as shares of Credit Suisse (CSGN.S) slumped on funding concerns. Banks have already been under pressure following the recent collapse of the Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O). The planemaker did not immediately respond when asked if its outlook takes into account the stress in the banking sector. Boeing, which annually reviews aircraft financing trends, said it sees increased interest from aircraft financiers and investors to aid commercial airplane deliveries.

☆ Biden reversed a Trump-era decision to change the colors of Air Force One. Here's what it looked like throughout the years
▼ + stars: | 2023-03-11 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

President Joe Biden will keep with tradition and feature a blue and white Air Force One fleet. The news comes years after former President Donald Trump proposed that the colors change. Trump's changes would have resulted in additional heat on significant plane parts, the Air Force said. Air Force One, the plane of the president of the United States, is seen during takeoff, June 1968. Every Air Force One plane since has kept with tradition and featured a blue and white design.

☆ Insurers count the cost of ships snagged in Ukraine crisis
▼ + stars: | 2023-02-24 | by ( Jonathan Saul | ) www.reuters.com time to read: +4 min

Curtailed shipments from major grain exporter Ukraine played a role in the resulting global food crisis. According to shipping and insurance industry assessments, there are still between 40 and 60 ships stranded, and ship owners can claim a total loss for vessels stuck for a year from their insurers. A senior industry source said exposure for the ships currently stuck was estimated at $500 million. "The liabilities for those people who have ships stuck there, to get those ships out - it’s a real headache." "There is going to be some form of constructive agreement I suspect, but then that owner will have to buy war risk insurance all over again."

☆ Rolls-Royce strategy bind is a problem best shared
▼ + stars: | 2023-02-23 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

That’s way better than the 1.5 billion pound cash outflow in 2021, but also four times what analysts had expected. Even so Rolls, which makes 45% of its revenue from making, selling and servicing commercial aircraft engines, is on the wrong side of the energy transition. But reaching net zero emissions by 2050 may involve ditching gas turbines entirely. One solution could come from hydrogen-powered fuel cell engines - Rolls clinched a partnership with easyJet (EZJ.L) in July to carry out a joint project to test a hydrogen engine. Rolls-Royce’s plans to reach net zero emissions by 2050 date back to 2021.

☆ India Signals Its Arrival as a Force in Aviation
▼ + stars: | 2023-02-20 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Newly privatized Air India is making up for lost time. A turnaround of India’s flag carrier Air India Ltd. could place the country on the global aviation map. The beleaguered airline just kick-started the process with a historic aircraft order. Last week, Air India ordered 470 jets from aircraft giants Boeing Co. and Airbus, marking the largest deal for commercial aircraft in aviation history. The airline also has an option of ordering an additional 370 planes in the future.

☆ FAA chief tells Senate that new procedures will avoid repeat of outage that halted U.S. flights
▼ + stars: | 2023-02-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The Senate Commerce Committee hearing comes amid growing safety concerns about aviation safety after several close calls involving major U.S. airlines. The system failed when a contractor unintentionally deleted files during an update, the FAA has said. "After the incident, we implemented a synchronization delay to ensure that bad data from a database cannot affect a backup database," Nolen said in prepared remarks ahead of the hearing. Texas Sen. Ted Cruz, the committee's highest-ranking Republican, pressed Nolen on improvements to the NOTAM system: "Can a single screwup ground air traffic nationwide?" Nolen replied: "Could I sit here and tell you there will never be an issue on the NOTAM system?

☆ Air India Places Airbus Order in First Half of Biggest-Ever Aircraft Deal
▼ + stars: | 2023-02-14 | by ( Benjamin Katz | ) www.wsj.com time to read: 1 min

Air India is seeking to reinvent itself as a rival the world’s biggest airlines. Air India Ltd. ordered 250 jets from Airbus SE in what is expected to form part of the largest deal for commercial aircraft in aviation history. The airline has agreed to purchase 210 Airbus narrow-body jets and 40 of the plane maker’s largest airliner, the A350 wide body, as it seeks to reinvent itself as a rival the world’s biggest airlines.

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