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☆ United Airlines to announce order for 110 Airbus, Boeing jets -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. Airbus, Boeing and United declined to comment. Demand has rebounded for long distance widebody jets to meet international travel demand. Weakening pricing power in United's domestic market has sparked concerns about travel demand, reflected in airline share prices. At the time, the order sparked concerns about United Airlines' balance sheet.

Persons: Joshua Roberts, Richard Aboulafia, Jefferies, Aboulafia, Valerie Insinna, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio Our Organizations: United Airlines Airbus, Washington National Airport, REUTERS, Rights, United Airlines, Boeing, Airbus, Reuters, United, Air Canada, Air France, KLM, NYSE, Carriers, Thomson Locations: Washington , U.S, Washington, Bengaluru

☆ Exclusive: Boeing sets record 737 production goal for July 2025 -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

[1/2] An aerial view of a Boeing 737 MAX 10 airplane parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. The schedule targets 737 production to reach 42 jets a month by December 2023, affirming statements made by Boeing Commercial Airplanes head Stan Deal to Bloomberg TV in June. An earlier version of the plan, which Reuters reported in April, had seen 52 jets per month production a month later, in January 2025. Before the 2019 grounding of the 737 MAX, Boeing was producing 52 737s a month on its way to a target of 57. Boeing's formal 737 production target is 50 per month for the 2025-2026 timeframe, unveiled by the company last November during an investor day.

Persons: Lindsey Wasson, Stan Deal, Dave Calhoun, MAXs, Calhoun, Valerie Insinna, Peter Henderson, Jamie Freed Organizations: Boeing, King County International Airport, Boeing Field, REUTERS, Rights, Airbus, planemaker, Boeing Commercial Airplanes, Bloomberg TV, Reuters, Air India, Thomson Locations: Seattle , Washington, U.S

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Shanahan, who has served on the company's board since November 2021, will become interim CEO effective immediately, Spirit announced Monday. Spirit said its board will conduct a search to identify a new CEO, while Gentile will stay on as a consultant for three months. Gentile was named Spirit's CEO in August 2016, months after he joined the company as its chief operating officer. Over a 31-year career at Boeing, Shanahan was known as "Mr. Fix-It" for his ability to turn around poorly-performing programs.

Persons: Benoit Tessier, Patrick Shanahan, Tom Gentile, Shanahan, Spirit, Gentile, Richard Aboulafia, Aboulafia, Jim Mattis, Alex Krutz, Abhijith, Valerie Insinna, Shailesh Kuber, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Pentagon, Spirit, Airbus, Patriot Industrial Partners, Aerospace Industries, Thomson Locations: Le Bourget, Paris, France, Kansas, Wichita , Kansas, Bengaluru, Washington

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Sept 28 (Reuters) - Boeing (BA.N) has agreed to pay $8.1 million to resolve allegations it violated U.S. law by failing to comply with contractual obligations in its production of V-22 Osprey aircraft, the U.S. Justice Department said Thursday. The Osprey is a military aircraft that takes off like a helicopter and then rotates its propellers to fly like a plane. The settlement agreement, which was signed by legal representation for Boeing and the Justice Department, noted that Boeing denied the allegations it was not meeting requirements. A Boeing spokesperson said the company "entered a settlement agreement with the U.S. Department of Justice and the U.S. Navy to resolve certain False Claims Act allegations, without admission of liability."

Persons: Benoit Tessier, Kanishka Singh, Valerie Insinna, Chris Reese, Matthew Lewis, Jamie Freed Organizations: Boeing, Paris, REUTERS, Rights, U.S . Justice Department, Justice Department, U.S . Navy, U.S . Department of Justice, Thomson Locations: Le Bourget, Paris, France, Ridley Park , Pennsylvania, Washington

☆ Joby Aviation to build air taxi production plant in Ohio
▼ + stars: | 2023-09-18 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Joby Aviation Air Taxi is seen outside of the New York Stock Exchange (NYSE) ahead of their listing in Manhattan, New York City, U.S., August 11, 2021. Joby intends to begin hiring "immediately" to stand up manufacturing of aircraft components at existing buildings at the Dayton site, Bevirt said. Construction of the new production facility will begin in 2024, with operations to start in 2025. Bevirt declined to comment on initial production rates and how much funding would be immediately allocated to construct the Dayton facility. The state of Ohio and several political organizations have offered up to $325 million in incentives and benefits to develop the Dayton site, Joby said.

Persons: Andrew Kelly, JoeBen Bevirt, Joby, Bevirt, Valerie Insinna, Timothy Gardner Organizations: Aviation Air Taxi, New York Stock Exchange, REUTERS, Rights, Electric, Joby Aviation, Dayton International, Reuters, Federal Aviation Administration, Pentagon, Archer Aviation, Beta Technologies, FAA, Thomson Locations: Manhattan , New York City, U.S, Dayton , Ohio, California, Dayton, Ohio

Ukrainian Antonov An-225 Mriya cargo plane, the world's biggest aircraft, flies during the Independence Day military parade in Kyiv, Ukraine August 24, 2021. Antonov did not respond to requests for comment on the centre and expansion plans in the drone sector. Under Ukroboronprom, Antonov has designed and built drones in the past, including the Horlytsia model, but cargo planes have long been its primary focus. Antonov's expertise in cargo planes could also be applied to long-distance drones, the source added, giving Ukraine's armed forces the capability to strike deeper into Russian territory. LIVE TESTINGKyiv has used aerial drones to attack airfields and Russian troops and aquatic drones against ships and a bridge.

Persons: Gleb Garanich, Antonov, Oleksandr Kamyshin, Ukroboronprom, inefficiently, Tom Balmforth, Tim Hepher, Mike Collett, White, Alexander Smith Organizations: world's, Independence Day, REUTERS, Reuters, Washington , D.C, Vehicle, Russia, Strategic Industries, Thomson Locations: Kyiv, Ukraine, KYIV, Washington ,, Soviet, Russia

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Repair work that CEO Greg Hayes had initially expected would take 60 days is now projected to last up to 300 days per engine. An average of 350 jets could be grounded per year through 2026, with as many as 650 jets sitting idle in the first half of 2024. Disclosing higher-than-expected gross costs of $6-7 billion for dealing with the problem, RTX said it expected an up to $3.5 billion pre-tax hit to profits over the next several years.

Persons: Benoit Tessier, Pratt & Whitney, RTX, Greg Hayes, Safran, Hayes, Germany's, Robert Stallard, Valerie Insinna, Abhijith, Tim Hepher, Arun Koyyur, Nick Zieminski, Grant McCool Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Pratt &, RTX Corp, Airbus, Pratt, Raytheon, GE, CFM, Boeing, Aero, Germany's Lufthansa, AIRBUS, U.S, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Jefferies, Vertical Research Partners, Thomson Locations: Le Bourget, Paris, France, Clayville , New York, Washington, Bengaluru

The issue also forced RTX to decrease its $9 billion free cash flow goal for 2025 to approximately $7.5 billion. The quality issue relates to a "rare condition" in powder metal used to manufacture engine parts, such as high pressure turbine disks and high-pressure compressor disks, that could result in micro-cracks and fatigue. Pratt & Whitney is also analyzing the impact of the quality issue on other engine models in its fleet, but that impact is expected to be far less, RTX said. The company expects to release a service bulletin in the next 60 days laying out an inspection protocol for high pressure turbine disks and compressor disks. It also plans to add maintenance capacity and increase part output to help mitigate the impact to GTF customers, RTX, said.

Persons: Benoit Tessier, RTX, Pratt & Whitney, Valerie Insinna, Abhijith, Arun Koyyur, Nick Zieminski Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, RTX, Airbus, Raytheon, Pratt &, Thomson Locations: Le Bourget, Paris, France, RTX, Washington, Bengaluru

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The recent supplier problem, discovered late last month, involves fastener holes on the 737 aft pressure bulkhead that were improperly drilled and therefore misaligned or elongated. Spirit AeroSystems (SPR.N), which makes the 737 fuselage, said in August it had corrected the production issue and continues to deliver fuselages to Boeing. Despite continued supplier defects, West said Boeing has no intention of changing its supplier master schedule, which calls for Boeing's supply chain to ramp to a monthly production rate of 50 737s by the 2025-2026 timeframe. Reporting by Valerie Insinna and Abhijith Ganapavaram; Editing by Mark Porter and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian West, West, Valerie Insinna, Mark Porter Organizations: Boeing, Paris, REUTERS, Rights, Thomson Locations: Le Bourget, Paris, France

☆ Spirit AeroSystems CEO says Boeing, Airbus contracts 'not sustainable'
▼ + stars: | 2023-09-07 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/file photo Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - Spirit AeroSystems (SPR.N), a major supplier of parts for jetliners, has asked Boeing (BA.N) and Airbus (AIR.PA) to absorb more of the financial pain caused by inflation that makes its contracts "not sustainable," Spirit CEO Tom Gentile said on Thursday. "And it really is not sustainable for Spirit. So we are having discussions with our customers, with Boeing and Airbus, about these pressures that we're facing and how we address them." Spirit executives first alluded to the need to reopen contract negotiations with Boeing and Airbus in August.

Persons: Benoit Tessier, Tom Gentile, Spirit, Gentile, we've, Valerie Insinna, Pratyush Thakur, Richard Chang Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France, jetliners

☆ Boeing suspends South Carolina operations due to Hurricane Idalia
▼ + stars: | 2023-08-30 | by ( Valerie Insinna | ) www.reuters.com time to read: +1 min

Boeing employees assemble 787s inside their main assembly building on their campus in North Charleston, South Carolina, U.S., May 30, 2023. Gavin McIntyre/Pool via REUTERS Acquire Licensing RightsWASHINGTON, Aug 30 (Reuters) - Boeing (BA.N) suspended operations in South Carolina on Wednesday afternoon due to Hurricane Idalia, a spokesperson said. "We will continue to assess the storm’s impact to employees and our operations," the spokesperson said. South Carolina Governor Henry McMaster issued a state of emergency for the state on Tuesday due to the potential effects of the storm. Idalia is projected to move along the coast of South Carolina on Wednesday night, the National Hurricane Center said earlier Wednesday.

Persons: Gavin McIntyre, Idalia, South Carolina Governor Henry McMaster, Valerie Insinna, Chris Reese, David Gregorio Our Organizations: Boeing, REUTERS Acquire, Rights, South, South Carolina Governor, National Hurricane Center, Thomson Locations: North Charleston , South Carolina, U.S, South Carolina, North Charleston, Ladson

☆ U.S. FAA updates airworthiness directive on Boeing 777s
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The Federal Aviation Administration's superseding airworthiness directive "was prompted by a report of a crack found in a front spar lower chord," it said in the Federal Register notice. Errors in the earlier directive also "introduced a new unsafe condition related to the application of certain fastener cap seals," it said. Although Boeing intends to revise the bulletin, the FAA issued the new directive as "this work will take longer to accomplish than the risk to public safety allows," the agency said. A Boeing spokesperson said it fully supported the FAA's rule, “which is consistent with guidance we have shared with operators previously.”The FAA did not immediately provide comment.

Persons: Benoit Tessier, Susan Heavey, David Shepardson, Valerie Insinna, Ed Osmond Organizations: Boeing, Paris, REUTERS, Rights, Federal Aviation, FAA, Thomson Locations: Le Bourget, Paris, France

A cameraman films wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24, 2023. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Marina, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Anton Vaganov, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: Police, REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Firefighters work amid aircraft wreckage at an accident scene following the crash of a private jet in the Tver region, Russia, August 23, 2023. Yevgeny Prigozhin, chief of Russian private mercenary group Wagner, was reportedly listed as a passenger on a private jet which crashed north of Moscow on August 23, 2023. Within about 30 seconds, the aircraft had plummeted more than 8,000 feet from its cruising altitude of 28,000 feet. “Whatever happened, happened quickly,” Petchenik said. “They may have been wrestling (with the aircraft) after whatever happened," Petchenik said.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, ”, Ian Petchenik, ” Petchenik, “, Petchenik, Flightradar24, Valerie Insinna, Allison Lampert, Gabriel Araujo, Caroline Pulice, Cynthia Osterman Organizations: Acquire, Embraer, EMBR3, ”, Reuters, planemaker Embraer SA, Russia, Thomson Locations: Tver, Russia, Moscow, St . Petersburg, Kuzhenkino, Tver Region, Flightradar24, Russian, Belarus, Washington, Montreal, Sao Paulo, Mexico City

FILE PHOTO-A Boeing 737 MAX-10 performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsAug 23 (Reuters) - Boeing (BA.N) has recently identified a new 737 MAX supplier quality problem involving improperly drilled holes on the aft pressure bulkhead, the company said on Wednesday. Boeing said the new problem could delay near-term deliveries and is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Trade publication The Air Current, which first reported on the production flaw, said Spirit AeroSystems (SPR.N) was responsible for the misdrilled holes. The defect is limited to Boeing's bestselling MAX 8 model, and it is unclear how many jets will need to be fixed or how long rework will ultimately take, Boeing said.

Persons: Benoit Tessier, Valerie Insinna, Chris Reese Organizations: Boeing, Paris, REUTERS, Federal Aviation Administration, Thomson Locations: Le Bourget, Paris, France

REUTERS/Loren Elliott/file photo Acquire Licensing RightsAug 21 (Reuters) - Boeing (BA.N) is close to securing an order for more of its 787 Dreamliner aircraft from Australia’s Qantas Airways (QAN.AX), industry sources said. Qantas, Boeing and Airbus declined to comment. Qantas, whose original decision to opt for a smaller type of Boeing 787 in 2005 led to a review of Airbus's wide-body strategy, is considered to be among the most influential aircraft buyers. Sources said the upcoming Dreamliner deal swings orders back in Boeing’s favor with the largest variant of 787. Qantas last placed a Dreamliner order in 2018, when it signed a deal for six jetliners meant to replace its remaining Boeing 747s.

Persons: Loren Elliott, Vanessa Hudson, Valerie Insinna, David Shepardson, Tim Hepher, Stephen Coates Organizations: Qantas, Sydney Airport, REUTERS, Boeing, Qantas Airways, Airbus, Incoming Qantas, Australian, Thomson Locations: Sydney, Australia, London, New York, Boeing’s

☆ FAA issues requirement for GTF engine inspections to address high pressure turbine disk issue
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsAug 18 (Reuters) - The Federal Aviation Administration will require some users of Pratt & Whitney's <RTX.> geared turbofan engine to conduct ultrasonic inspections of a key part within 30 days, the agency said in an airworthiniess directive published Friday. The new airworthiness directive codifies the regulator's response to the previously disclosed problem. RTX declined to comment on the directive. Reporting by Valerie InsinnaOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, Valerie Insinna Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp, Airbus, Thomson Locations: Le Bourget, Paris, France

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

☆ US FAA issues 30-day inspection mandate for Pratt & Whitney GTF engines
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Pratt & Whitney parent RTX Corp RTX.N announced in July that a "rare condition" in powdered metal meant 1,200 of more than 3,000 engines, built for the twin-engined Airbus (AIR.PA) A320neo between 2015 and 2021, have to be taken off and inspected for micro cracks. In an airworthiness directive published on Friday, the FAA requires an ultrasonic inspection of the first- and second-stage high-pressure turbine disks within 30 days. The FAA said the directive, which is effective immediately, affects 20 engines on U.S.-registered aircraft and 202 engines worldwide. Pratt & Whitney issued an instruction to operators on Aug. 4 to expedite inspections of the disks.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, RTX, Valerie Insinna, Matthew Lewis Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp RTX.N, FAA, Thomson Locations: Le Bourget, Paris, France, Washington

☆ Spirit AeroSystems resumes slide, sinks another 4%
▼ + stars: | 2023-08-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Spirit said it burned through $211 million of cash in the second quarter, adding that cash flow will not recover until the 2024-2025 time period. Analysts questioned whether Spirit would have to renegotiate labor contracts with Boeing and Airbus. Seifman said it is unclear what Boeing will do to help Spirit improve its financial health. "We instead believe Boeing and Airbus are likely to continue to contribute customer advances, allowing Spirit to benefit only as production rates improve," he said.

Persons: Benoit Tessier, Michael Ciarmoli, Morgan, Seth Seifman, Seifman, Ken Herbert, refinance, Cowen, Cai Von Rumohr, Refinitiv, Valerie Insinna, Marguerita Choy Organizations: Boeing, International Paris Air, Le, REUTERS, Airbus, Management, Truist Securities, RBC Capital Markets, Thomson Locations: Le Bourget, Paris, France

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. The new labor agreement will add $80 million to annual costs, Spirit said. In the second quarter, the company absorbed $28.3 million in cost related to the new labor deal as well as $7.3 million in strike disruption charges. However, the strike did impact our production and deliveries, as reflected in earnings and cash flow," Chief Executive Officer Tom Gentile said. Cash burn was $211 million for the three months through June, the company said, compared to $79 million a year earlier.

Persons: Benoit Tessier, Spirit, Tom Gentile, Cash, Refinitiv, Abhijith Ganapavaram, Valerie Insinna, Sriraj Kalluvila, Mark Porter Organizations: Boeing, International Paris Air, Le, REUTERS, International Association of Machinists, Aerospace Workers, Airbus, Revenue, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Wichita

July 26 (Reuters) - Boeing's (BA.N) first delivery of the 737 MAX 7 has been delayed to 2024, the company said in an SEC filing on Wednesday. Boeing still expects the Federal Aviation Administration to certify the MAX 7 and begin FAA certification flight testing for the MAX 10 in 2023, the company said. MAX 10 is currently slated for first delivery in 2024. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus (AIR.PA) for orders at the top and bottom of the narrowbody markets. Boeing must first win approval from the Federal Aviation Administration for its smaller MAX 7 before it can get approval for the MAX 10.

Persons: Dave Calhoun, Mike Fleming, Boeing's, Bob Jordan, Ben Minicucci, Valerie Insinna, David Shepardson, Chris Reese, Nick Zieminski Organizations: SEC, Boeing, Federal Aviation Administration, FAA, Airbus, Southwest Airlines, Wall, Reuters, Airbus ’, Southwest, Alaska Airlines, Thomson Locations: Washington

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