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☆ Boeing's quarterly results top expectations as airplane deliveries pick up pace
▼ + stars: | 2023-07-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 's second-quarter results topped analyst expectations thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production. Here's how the company performed during the period ended June 30, compared with Refinitiv consensus estimatesAdjusted loss per share: 82 cents vs. 88 cents. 82 cents vs. 88 cents. On an adjusted basis, the company reported a loss of $390 million, or 82 cents per share. Boeing's defense, space and security unit reported a loss of $527 million for the quarter, down from a profit a year ago.

Persons: Dave Calhoun, Boeing's Organizations: Boeing, Max, Renton Municipal Airport, Airbus Locations: Renton, Renton , Washington

☆ U.S. Moves to Improve Airplane Bathrooms for People With Disabilities
▼ + stars: | 2023-07-26 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

The Transportation Department announced on Wednesday that it had finalized new regulations to require more commercial aircraft to have accessible bathrooms, a long-awaited step to address complaints from disabled travelers about the difficulties of flying. Under the regulations, new single-aisle planes with at least 125 seats will eventually be required to have at least one lavatory large enough for a disabled passenger and an attendant to enter and move around in. Twin-aisle planes are already required to have an accessible lavatory. “Traveling can be stressful enough without worrying about being able to access a restroom,” Transportation Secretary Pete Buttigieg said in a statement. In 2016, an advisory committee established by the department called for accessible bathrooms on new, larger single-aisle planes, and the department proposed new regulations last year to carry out that recommendation.

Persons: Pete Buttigieg, Obama Organizations: Transportation Department Locations: Twin

☆ Mystery cylinder on Western Australia beach could be space junk, authorities say
▼ + stars: | 2023-07-18 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A mystery object that washed ashore on Australia’s western coast sparking a flurry of local excitement and speculation over its origin is most likely space junk, police said Tuesday. The Western Australia Police Force said in a statement on Tuesday that the item is believed to be “space debris”, echoing similar comments from the country’s space agency which was working on the same hypothesis. But space junk looks the most likely explanation. “The object could be from a foreign space launch vehicle and we are liaising with global counterparts who may be able to provide more information,” the Australian Space Agency tweeted on Monday. “Just as general rule, you don’t touch space junk unless you need to,” she said.

Persons: Alice Gorman, ” Gorman, Gorman, ” Organizations: Hong Kong CNN, Western Australia Police Force, Police, Department of Fire, Emergency Service, Chemistry, of Western, Australian Space Agency, Flinders University, CNN Locations: Hong Kong, Perth, of Western Australia, Adelaide, India

☆ I was scared of flying and took a course to help me. Here are 6 things every nervous passenger should know.
▼ + stars: | 2023-07-17 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +9 min

I took British Airways' Flying with Confidence course to help me overcome my fear of flying. And I know I'm not alone: up to 40% of Americans have a form of aerophobia, otherwise known as the fear of flying. So, in an effort to face my fears head-on, I recently attended British Airways' Flying with Confidence course. But in the same way that pilots always prepare for the worst kind of turbulence, aircraft designers do too. Breathing is keyOne of the main takeaways from the course was how to control my fear of flying through breath control.

Persons: I'm, Steve Allright, Allright, Sophia Ankel Organizations: British Airways, Heathrow Airport, Federal Aviation Administration, Boeing, US Airways, Pilots Locations: London, Hudson

☆ Cramer says Wall Street should pay attention to the aerospace sector, especially RTX
▼ + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday told investors he thinks Wall Street is not paying close enough attention to RTX , an aerospace and defense company. RTX is a re-branded version of the original Raytheon Technologies with a robust aerospace sector thanks to a merger with United Technologies. "I think you're getting another chance to buy RTX into unjustified weakness here," Cramer said. Hayes continued, saying that because of the war, RTX is already receiving multi-billion dollar restock orders. With the war between Ukraine and Russia continuing to drag on, Cramer concurred with Hayes and said RTX is "locking in major business for years to come."

Persons: CNBC's Jim Cramer, — Cramer, RTX, Cramer, Greg Hayes, Phil LeBeau, Hayes, it's Organizations: Wednesday, Raytheon Technologies, United Technologies, Paris Air, NATO Locations: Ukraine, Russia

☆ Airbus fills more than 7,000 of 13,000 positions targeted in 2023
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 21 (Reuters) - Airbus (AIR.PA) has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace manufacturers try to boost staff numbers to meet soaring demand, the European planemaker said on Wednesday. Planemakers and aerospace suppliers are wrestling with shortages of workers, from engineers to machine shop operators, which is holding back plans to ramp up aircraft production needed to meet soaring travel demand. Airbus said it had filled more than 7,000 positions so far. Of the 7,000-plus hires, 29% are aged 28 or below, a trend that Baril expects will continue through year’s end, he told Reuters in an interview. Reporting by Allison Lampert Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: planemaker, Thierry Baril, “, ”, Allison Lampert, Mark Potter Organizations: Airbus, Paris Airshow, Reuters, Thomson

☆ Stockton Rush: What we know about the Titan submersible's pilot
▼ + stars: | 2023-06-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Rush has approached his dream of deep-sea exploration with child-like verve and an antipathy toward regulations — a pattern that has come into sharp relief since Sunday night, when his vessel, the Titan, went missing. But in 2004, he told Smithsonian, the dream shifted after Richard Branson launched the first commercial aircraft into space. “I had this epiphany that this was not at all what I wanted to do,” Rush told the magazine. The commercial sub industry is “obscenely safe” he told Smithsonian, “because they have all these regulations. He also asked Rush about what the vessel’s “MacGyvery” components — like the plastic PlayStation controller and LED lights that Rush bought from an RV retailer.

Persons: Jacques Cousteau, Rush, MacArthur, you’re, ” Rush, Alan Estrada, ”, Richard Branson, Kirk, OceanGate, Greg Gilbert, Estrada, “, David Lochridge, OceanGate hasn’t, David Pogue, You’re, Pogue, plumb, Nick D’Annunzio, TARA, Celina Tebor, Sam Delouya Organizations: New, New York CNN, Stockton Rush, verve, Princeton, Smithsonian Magazine, McDonnell Douglas Corporation, UC Berkeley, Smithsonian, Enterprise, OceanGate, Everett, NASA, CBS, Boeing, University of Washington, USA, Michelin Locations: New York, Seattle, Washington

PARIS, June 20 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets. "We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days." "The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.

Persons: Le Bourget, Canada's, Binter, Rodolfo Nunez, Martyn Holmes, Porter, Holmes, Gabriel Araujo, Steven Grattan, Jan Harvey, Alexandra Hudson Organizations: Embraer, EMBR3, American Airlines, Spanish, Jets, Paris Airshow, Airbus, Boeing, Canada's Porter Airlines, JPMorgan, Air, Envoy Air, Leasing, Avolon, Sao Paulo, Alexandra Hudson Our, Thomson Locations: Sao Paulo, Paris, Sao

☆ Safran nears $1.8 billion deal to acquire Raytheon's flight controls unit
▼ + stars: | 2023-06-14 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

June 14 (Reuters) - French aerospace engine maker Safran SA (SAF.PA) is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp (RTX.N) unit that makes flight controls for aircraft, helicopters and missiles, according to a person familiar with the matter. Safran may reach a deal to acquire Raytheon's actuation business that makes flight controls as early as this week, the source said, asking not to be identified because the matter is confidential. Spokespeople for Safran and Raytheon did not immediately respond to requests for comment. Safran said on June 5 it was participating in a "competitive process" for Raytheon's flight controls business, without commenting on the chances of an agreement or the terms of a deal. The Raytheon business will strengthen Safran's ties with Airbus SE (AIR.PA), since it sells into many of its commercial aircraft and has some operations in France.

Persons: Safran, Parker, Spokespeople, Olivier Andries, Rockwell Collins, Greg Hayes, David Carnevali, Louise Heavens Organizations: Safran SA, Raytheon Technologies Corp, Raytheon, United Technologies, Moog Inc, Eaton Corp, Woodward Inc, Hannifin, Bloomberg News, Safran's, French, Zodiac Aerospace, Airbus, U.S ., Rockwell, Collins Aerospace, Thomson Locations: France, New York

☆ C919: Why China's answer to Boeing and Airbus isn't as 'homegrown' as it seems
▼ + stars: | 2023-06-02 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —China is claiming a historic win this week after its answer to Boeing and Airbus, the C919, took to the skies for its first commercial flight. But instead of boosting China’s global stature in technology innovation, experts say the C919 is a symbol of its continued reliance on the West. COMAC’s first commercial plane, by comparison, is a much smaller regional jet called the ARJ21, which can only fly up to 3,700 kilometers (2,300 miles) and accommodate up to 97 passengers. Technicians working on a COMAC C919 aircraft under assembly at the COMAC Shanghai Research and Development Center in 2017. Boeing and Airbus also depend on “high-quality global suppliers,” state-run newspaper China Daily said in an editorial Wednesday.

Persons: ”, Scott Kennedy, Scott, Shukor Yusof, it’s, Kennedy, “, Qilai Shen, Yusof, VCG, Parker, Rockwell Collins, America’s, COMAC, COMAC hasn’t, there’s, ” Yusof Organizations: Hong Kong CNN, Boeing, Airbus, Center for Strategic, International Studies, Commercial Aircraft Corporation of China, Endau, CNN, China Eastern Airlines, Shanghai Research, Development Center, Bloomberg, China, Global Times, GE, CFM, China Daily, America’s Boeing, US, TransNusa, “ Airlines Locations: Hong Kong, China, Beijing, North America, Europe, Washington, Shanghai, Russia, Ukraine, Russian, Asia, United States, European, Malaysia, Indonesia

☆ China Crosses a Flying Milestone but Remains in the Boeing-Airbus Grip
▼ + stars: | 2023-06-01 | by ( Niraj Chokshi | Tiffany May | ) www.nytimes.com time to read: +1 min

Millions of flights take off and land in China every year, almost all of them using planes made by Boeing and Airbus, the world’s two leading aircraft manufacturers. For years, China has been working to change that and, this week, it celebrated a milestone in that quest: the first commercial flight of a large passenger jet made in China. It is currently the only C919 plane being used for commercial flights. Comac, or the Commercial Aircraft Corporation of China, was established in 2008. Based in Shanghai, it is closely linked to Avic, the Aviation Industry Corporation of China, which makes the country’s turboprops, fighter jets and bombers.

Persons: Comac Organizations: Boeing, Airbus, China Eastern Airlines, Commercial Aircraft Corporation of China, Aviation Industry Corporation of China, Aviation Locations: China, Shanghai, Beijing, U.S, France, Germany

☆ NASA team to issue report on unidentified phenomena in July
▼ + stars: | 2023-05-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —A team of 16 experts and scientists assembled by NASA aims to publish its first report on unidentified anomalous phenomena, also known as unidentified flying objects, or UFOS, by midsummer. “We’re trying to assess whether those phenomena pose any risks to safety and we’re doing it using science,” Evans added. Unidentified anomalous phenomena, or UAP, “are events in the sky that cannot be identified as aircraft or known natural phenomena from a scientific perspective,” according to NASA. Instead, the team’s approach has been outlining how to evaluate and study unidentified anomalous phenomena using data and technology. But since being announced in June 2022, members of the independent study team have faced online harassment.

Persons: CNN —, ”, Dan Evans, “ We’ve, ” Evans, “ We’re, Evans, UAPs, Scott Kelly, David Spergel, Kelly, ” Spergel, “, Sean Kirkpatrick, Kirkpatrick, ” Kirkpatrick, Spergel, astrobiology, Katie Hunt, Michael Conte, Jackie Wattles Organizations: CNN, NASA, UAP, National Defense, US Navy, Simons, US Department of Defense, Pentagon Locations: New York City

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.

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