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☆ Boeing's 737 Max 9 jet is flying again. Here's what experts say about its safety.
▼ + stars: | 2024-01-30 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Read previewOn January 5, an Alaska Airlines 737 Max 9 door plug broke off shortly after takeoff from Portland International Airport, leaving a gaping hole in the jet's fuselage. The Federal Aviation Administration quickly grounded 171 other Max 9 planes with the same door plug, mostly flown by United Airlines and Alaska. Four critical bolts used to secure the door plug were missing from the jet when it left Boeing's assembly line, The Wall Street Journal reported, representing a massive quality control lapse. Not all experts agree on the Max 9's safetyThe Alaska Airlines Boeing 737 MAX 9. AdvertisementAccording to the Washington Post, the travel booking website Kayak said its filter for the 737 Max significantly increased in the days after the incident.

Persons: —, Max, Constance von Muehlen, Ingrid Barrentine, Mike Whitaker, Henry Harteveldt, Ed Pierson, I've, Joe Jacobsen, Harteveldt, Richard A, Brooks, Anthony Brickhouse, Brickhouse Organizations: Service, Alaska Airlines, Portland International Airport, Federal Aviation Administration, United Airlines, Street Journal, Business, CNN, FAA, Boeing, Spirit Airlines, Panama's Copa Airlines, Copa, Reuters, Atmosphere Research, Alaska Airlines Boeing, National Transportation, Alaska Max, Washington Post, LA Times, Southwest Airlines, Japan Airlines, Getty, Riddle Aeronautical University, Japan Airlines Airbus, NTSB Locations: Alaska, United , Alaska, United, AFP

☆ Ryanair CEO has ‘a lot of confidence’ in Boeing chief David Calhoun
▼ + stars: | 2024-01-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“I have a lot of confidence both personally and professionally in David Calhoun and in Brian West,” Ryanair’s Michael O’Leary said Monday, referring to Boeing’s CEO and chief financial officer respectively. Calhoun — who was appointed to the top job in January 2020 as Boeing was already struggling with quality and safety issues — will unveil the planemaker’s full-year results Wednesday. Ryanair CEO Michael O'Leary, left, voiced strong support for Boeing CEO David Calhoun Monday. Partly because of this, Ryanair expects full-year profit for the current financial year to be at the lower end of a range of €1.85 billion-€1.95 billion ($2 billion-$2.1 billion) — trimming a November forecast of up to €2.05 billion ($2.2 billion). That would still be up from its previous record of €1.45 billion ($1.6 billion) earned in 2018, before the Covid-19 pandemic.

Persons: ”, David Calhoun, Brian West, Michael O’Leary, “, Calhoun —, Dennis Muilenberg, Calhoun, Michael O'Leary, Scott Kirby, Kirby, Max, ” O’Leary, we’ll, O’Leary, ” — Organizations: London CNN, Boeing, Ryanair, Lauda, United, Max, Alaska Airlines, US Federal Aviation Administration, CNBC, United Airlines, Reuters, Airbus Locations: US, Austrian, Alaska, American, Toulouse, United Kingdom, Kiwi.com, Europe

☆ United CEO kickstarts Airbus talks amid Boeing delays, sources say
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +5 min

"United Airlines has been in talks with Airbus about possible alternatives to the Max 10 order. Airbus and United Airlines declined to comment. Trade publication Air Insight reported Airbus and United were in talks. Signs of a potential Airbus deal have raised "concern" at Boeing, a senior industry source said. In 1992, Airbus snatched an order for A320s that broke United's reliance on Boeing, with which United shares corporate roots.

Persons: Scott Kirby, Max, Kirby's, Kirby, Stan Deal, United, Michael Leskinen Organizations: United, O'Hare International, United Airlines, Airbus, Boeing, Alaska Airlines, Bloomberg, Insight, Boeing Commercial, Max, Continental Airlines Locations: Los Angeles, Chicago , Illinois, U.S, Toulouse, Chicago, Dublin

☆ Boeing delivers 737 MAX jet to China, ending four-year freeze
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +1 min

A Boeing 737 Max 8 airplane of China Southern Airlines lands at Wuhan Tianhe International Airport as the Boeing 737 Max returns to passenger flying in China after a hiatus of nearly four years on January 13, 2023 in Wuhan, Hubei Province of China. It represents a vote of confidence for the planemaker during a difficult period for Boeing following a Jan. 5 mid-air cabin blowout during a full flight. Chinese imports of the MAX have been suspended since it was grounded worldwide in 2019 following two fatal crashes in 2018 and 2019. Safety bans have been lifted with existing MAX already flying inside China, but new deliveries had remained on hold. Boeing has faced increased scrutiny following the Jan. 5 mid-air incident on an Alaska Airlines flight.

Persons: Max, Nobody Organizations: Boeing, Max, China Southern Airlines, Wuhan Tianhe International, Alaska Airlines, FAA, Seattle Boeing Locations: China, Wuhan, Hubei Province, Seattle, Washington, Honolulu

☆ United Airlines' CEO is quietly complaining about Boeing after being forced to ground dozens of planes, report says
▼ + stars: | 2024-01-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.

Persons: Scott Kirby, —, Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska

☆ Akasa Air: Boeing gets some good news as Indian airline orders 150 737 Max jets
▼ + stars: | 2024-01-18 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a 737 Max 9 fell off mid-flight. Akasa Air has ordered the 737 Max 10 and 737 Max 8-200 aircraft to be delivered through 2032, the airline said at an event in the southern Indian city of Hyderabad. On Wednesday, the US Federal Aviation Administration said it was expanding its probe to include Spirit AeroSystems (SPR), which builds the fuselage of the 737 Max 9. Akasa Air, which was launched in 2022, is not the only Indian carrier that is buying a lot of Boeing planes. Last year, Air India said it would buy 220 Boeing planes.

Persons: planemaker, Max, ” Stephanie Pope, Ethopia, Antony Blinken, Vinay Dube, ”, Joe Biden, Narendra Modi Organizations: New, New Delhi CNN, Boeing, Max, Akasa, Alaska Airlines, US Federal Aviation Administration, Economic, Air, Indian Locations: New Delhi, Alaska, Indian, Hyderabad, Portland , Oregon, Indonesia, Wells, Washington, Davos, Switzerland, India, Air India

A Boeing E-4B "Doomsday Plane" military aircraft takes off at Joint Base Andrews, in Maryland, U.S., May 11, 2022. The Air Force, which plans to award a SAOC contract in 2024, declined to comment on whether other firms had submitted bids. "We cannot discuss an active source selection and detailed program information is classified," an Air Force spokesperson said. "Rest assured, we haven't signed any fixed-price development contracts nor (do we) intend to," Brian West, Boeing's chief financial officer, said in October. The Air Force currently operates four E-4B aircraft with at least one on alert at all times.

Persons: Tom Brenner, haven't, Brian West, Valerie Insinna, Mike Stone, Marguerita Choy Organizations: Boeing, Joint Base Andrews, REUTERS, Rights, U.S . Air Force, Sierra Nevada Corp, Survivable Airborne Operations Center, The Air Force, Air Force, U.S, Pentagon, Thomson Locations: Maryland, U.S, Washington

The Tesla (TSLA.O) CEO told advertisers who have fled his social media platform X over antisemitic content to "Go fuck yourself!" Several business communications analysts said they couldn't remember a similar case of an executive publicly cursing at their customers. Musk, Tesla and X did not respond to requests for comment. Musk apologized for it and then cursed and dismissed the concerns of the advertisers fleeing the platform. Cappelli said Musk wishes to see himself as a rock star, not a business leader who needs to take account of many constituencies.

Persons: Elon Musk, Porte, Gonzalo Fuentes, It's, Andy Challenger, Challenger, Michael O'Leary, Jim Hagedorn, Sam Zell, Musk, Yehuda Baruch, Baruch, Peter Cappelli, Cappelli, Ross Kerber, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Ryanair, Boeing, Scotts Miracle, University of Southampton, University of Pennsylvania's Wharton School, Thomson Locations: Paris, France

☆ Canada set to announce Boeing order for maritime patrol aircraft -source
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsNov 29 (Reuters) - Canada is set to announce on Thursday a multi-billion dollar sole-source contract for Boeing Co’s (BA.N) P-8 Poseidon maritime patrol aircraft to replace the country’s military surveillance planes, a senior government source familiar with the matter told Reuters. An announcement would end months of speculation and follow a challenge from Canadian private planemaker Bombardier (BBDb.TO) which called for an open competition so it could submit a bid using its large-cabin Global business jets. A draft agreement between the governments of Canada and the United States for the sale of the Poseidon aircraft and associated training and equipment is set to expire on Thursday. Boeing declined comment on Wednesday.

Persons: Sao Jose dos Campos, Gabriel Araujo, Steve Scherer, Valerie Insinna, Allison Lampert, Chris Reese, Sonali Paul Organizations: Boeing, REUTERS, Reuters, Bombardier, CP, Aurora, Poseidon, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, Canada, United States, Ottawa, Washington, Montreal

☆ US FAA tightens aircraft certification oversight after Boeing MAX crashes
▼ + stars: | 2023-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The FAA said Tuesday it was also issuing additional guidance to airplane manufacturers on how to identify safety-critical information and said both new steps will "improve aircraft certification safety." A U.S. House of Representatives report said Boeing failed to classify MCAS as a safety-critical system, which would have attracted greater FAA scrutiny during the certification process, and said the "FAA failed in its oversight of Boeing and its certification of the aircraft." The FAA is still considering whether to certify two additional variants of the MAX - the smaller MAX 7 and larger MAX 10. Last year, the FAA granted Boeing a shorter regulatory compliance program extension than the planemaker sought, so it can ensure the company implements "required improvements."

Persons: Peter Cziborra, David Shepardson Organizations: Boeing, Max, Farnborough, REUTERS, Rights, Federal Aviation Administration, FAA, Airbus, U.S . House, MCAS, Thomson Locations: Farnborough, Britain

☆ How Emirates will keep the world's largest airliner flying for years to come —even though Airbus doesn't make it anymore
▼ + stars: | 2023-11-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Emirates announced investments of more than $1.5 billion to keep its 119-strong fleet of Airbus A380s flying. While Airbus shut down production of the A380 in 2021, the move shows Emirates' continued commitment to the jet. AdvertisementAlthough global airlines continue to retire the mammoth Airbus A380 in favor of more fuel-efficient twin-engine aircraft, Emirates is long from giving up on its flagship airplane. AdvertisementThe billion-dollar investment comes despite Airbus shutting down production of the A380 in 2021 after sending off its last double-decker to Emirates. In January, the first of 67 superjumbos completed its full cabin overhaul as part of Emirates' $2 billion retrofit program.

Persons: —, Sir Tim Clark, Clark, Bob Lange, Alan Joyce Organizations: Emirates, Airbus, Service, Dubai Airshow, Collins Aerospace, Honeywell, Pratt & Whitney, Lufthansa Technik, Boeing, British Airways, Qantas, Korean, CNN Locations: Emirates, UAE, London, Los Angeles . Emirates

☆ Quebec expects possible profit with planned sale of A220 jet program stake in 2030
▼ + stars: | 2023-11-20 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

[1/2] An Airbus A220-300 is seen at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. Quebec holds a 25% stake in the jet, which has faced scrutiny as Airbus struggles to contain costs on parts. Airbus has also faced delays in ramping up production toward its latest target of 14 planes per month by 2026. Airbus has said it plans to raise Mirabel production to 10 A220s a month, with four jets a month in Mobile. The planemaker created the Mobile production line for U.S. customers to avoid a trade dispute with Boeing (BA.N) when it took over the plane from Canada's Bombardier in 2018.

Persons: Christinne, Pierre Fitzgibbon, Fitzgibbon, we're, Allison Lampert, Jonathan Oatis Organizations: Airbus, REUTERS, Rights, Reuters, Quebec, Aerospace, Bombardier, Mirabel, Boeing, Mobile, Thomson Locations: Mirabel, Quebec, Canada, Airbus's, Mobile , Alabama, Mobile

☆ Boeing chief strategy officer to depart in 2024 as part of restructuring
▼ + stars: | 2023-11-16 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - Marc Allen will step down as Boeing's (BA.N) chief strategy officer at the end of the year and leave the company in 2024 as the U.S. planemaker pares down its strategy arm. In a letter to employees on Thursday, Boeing CEO David Calhoun said the U.S. planemaker will not fill the chief strategy officer role going forward. Boeing will shrink its strategy and corporate development organization and instead have "strategy teams directly joining the business units they support," Calhoun said. Chief Financial Officer Brian West and Mike D’Ambrose, the company's top human resources official, will create a realignment plan for the strategy unit over the next month, Calhoun said.

Persons: Sao Jose dos Campos, Gabriel Araujo, Marc Allen, planemaker, David Calhoun, Calhoun, Brian West, Mike D’Ambrose, Allen, Valerie Insinna, Tim Hepher, Chris Reese, Bill Berkrot Organizations: Boeing, REUTERS, Rights, Embraer, EMBR3, Airbus, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, U.S, China

☆ Airbus nears compromise deal after Emirates jet order row
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Airbus A350-1000 seen in the aerial display during the media preview of the Singapore Airshow in Singapore, February 13, 2022. Industry sources said the two sides were trying to secure a compromise deal involving a switch from the A350-1000, Airbus' largest twin-engined jet which has fallen under the spotlight over the amount of downtime needed in Gulf conditions. Rolls-Royce acknowledged its engine for the A350-1000 would need more servicing than Emirates would like, but denied Clark's suggestion that the engine was "defective". However, it would still leave questions over its ability to compete with Boeing's 777X in the busy Gulf wide-body market, they added. Reporting by Tim Hepher, Alexander Cornwell and Pesha Magid; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, planemaker, Tim Clark, Tim Hepher, Alexander Cornwell, Pesha, Jan Harvey Organizations: Airbus, Singapore, REUTERS, Rights, Emirates, Royce, Dubai Airshow, Dubai, Boeing, Thomson Locations: Singapore, Rights DUBAI, Dubai, U.S

☆ Boeing bonanza leaves rival Airbus in the dust at 2023 Dubai Airshow with three times more aircraft orders
▼ + stars: | 2023-11-16 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Aermacchi MB-339 trainer aircraft of the Fursan al-Emarat (UAE Knights) aerobatics team release smoke as they fly over with an Emirates Airbus A380-861 jetliner aircraft during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport in Dubai on November 13, 2023. A Boeing 777-X aircraft flies during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport in Dubai on November 13, 2023. Boeing orders 'exceeded investor expectations'Boeing's orders are already nearly three times as high as its total orders from the Dubai Airshow in 2021, and approaching the 356 orders in clinched at the 2023 Paris Airshow in June. Airbus's order figure of 86 aircraft is meanwhile significantly behind its 2023 Paris Airshow haul of 846 orders and 2021 Dubai Airshow total of 408. Prior to this week, the iconic American manufacturer hadn't enjoyed a winning performance at a Dubai Airshow since 2017.

Persons: Giuseppe Cacace, Giuseppe CACACE, GIUSEPPE CACACE, Cowen, SunExpress, EgyptAir, Tim Clark, Clark, Royce, hadn't Organizations: UAE Knights, Emirates Airbus, Maktoum International Airport, Afp, Getty Images, United Arab Emirates —, Boeing, Airbus, Royce, Emirates, Dubai, Getty, Ethiopian Airlines, Royal Jordanian, Royal Air Maroc, Air Baltic, Industry, Turkish Airlines, Turkish, Dubai Airshow, Max, RBC Capital Markets, RBC, Saudi Arabia's, Saudi Locations: Emarat, Dubai, Al, Maktoum, Getty Images DUBAI, United Arab, Emirates, East, West, Turkey, India, Saudi Arabia, AFP, widebodies, Istanbul, Paris, Riyadh Air

Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. He told reporters Emirates would be prepared to order between 35 and 50 of the jets if Rolls-Royce improved both the durability and maintenance costs. Reuters reported on Monday that an order from Emirates for the largest version of the A350 appeared to be on hold over terms of engine guarantees with Rolls-Royce. With plans for an Emirates A350 order off the table for now, Airbus also saw a second major order from Turkish Airlines (THY) (THYAO.IS) slip off the show's agenda, industry sources said. Airbus said on Monday it had reached agreement "in principle" on a significant THY order.

Persons: Abdel Hadi Ramahi, Royce, Tim Clark, Christian Scherer, Trent XWB, Tim Hepher, Alexander Cornwell, Tom Hogue, Jason Neely Organizations: Emirates, Dubai International, United Arab Emirates, Rights, Airbus, Dubai, Boeing 777X, Royce, Reuters, GE, Boeing, Turkish Airlines, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Egyptair, East, India

☆ Boeing sets sights on annual airplane delivery target after slow October
▼ + stars: | 2023-11-14 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

[1/2] An aerial view of several Boeing 737 MAX airplanes parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. Delivery numbers are typically largest in the final months of the year as planemakers race to meet annual goals. Boeing slowed 737 deliveries in August after the discovery of a supplier defect involving misdrilled holes on some aircrafts' aft pressure bulkhead. Boeing booked 123 gross orders last month, bolstered by a deal with Southwest Airlines (LUV.N) for 111 MAXs. Boeing's gross orders since the start of January rose to 971, or 841 net orders after factoring in cancellations and conversions and 1,066 net orders after accounting adjustments.

Persons: Lindsey Wasson, Dave Calhoun, Argentinas, Valerie Insinna, Stephen Coates Organizations: Boeing, King County International Airport, Boeing Field, REUTERS, Rights, planemaker, Airbus, U.S . Navy, Southwest Airlines, Thomson Locations: Seattle , Washington, U.S

[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.

Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

☆ Boeing shares take off on report that China may lift 737 freeze, bumper Dubai orders
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Nov 13 (Reuters) - Shares of Boeing (BA.N) rose on Monday after a report said China was considering ending its freeze on purchases of the planemaker's best-selling 737 MAX aircraft after more than four years. This, coupled with bumper jet orders from Middle Eastern airlines at the Dubai Airshow, sent Boeing shares up 4%. China is considering resuming purchases of Boeing's 737 MAX aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter. Deliveries of Boeing's bestselling 737 MAX to Chinese airlines were halted following two deadly crashes. Boeing shares have underperformed S&P 500 in 2023Boeing shares were trading at $205.15, compared with analysts' current median price target of $250, according to LSEG data.

Persons: Thomas Hayes, Benoit Tessier, Hayes, Shivansh Tiwary, Ananya Mariam Rajesh, Shilpi Majumdar Organizations: Boeing, Dubai Airshow, APEC, Bloomberg, Paris, REUTERS, Emirates, Thomson Locations: China, Middle, U.S, Le Bourget, Paris, France, Dubai, Bengaluru

☆ China weighs ending freeze on Boeing purchases with 737 Max deal in US -Bloomberg News
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 12 (Reuters) - China is considering resuming purchases of Boeing's (BA.N) 737 Max aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter. Boeing is still waiting to resume deliveries of its bestselling 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. The company had said that as of the end of June, about 90% of its 737 Max jets in China had resumed commercial operations. Boeing in September slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel.

Persons: Gina Raimondo, Aly, Xi Jinping, planemaker, Gokul, Tom Hogue, Gerry Doyle Organizations: Boeing Shanghai Aviation Services, Shanghai Pudong International Airport, REUTERS, Max, APEC, Bloomberg, Boeing, Reuters, U.S, Thomson Locations: Shanghai Pudong, Shanghai, China, U.S, Beijing, Washington, Bengaluru

☆ Airbus bullish on jet output as profits override space charge
▼ + stars: | 2023-11-09 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

Airbus declined to elaborate on the charge, which came as the planemaker formally announced a restructuring in its Defence & Space division that has been in preparation for several months. Airbus CEO Guillaume Faury stuck to his guns, however. Airbus is producing A320-family jets in the low-50s per month instead of a planned level closer to 58, they said. On the loss-making A220, Airbus reiterated plans to raise output to 14 a month. "We are working very closely with them in the spirit of supporting them, but we also expect from Spirit to well support Airbus.

Persons: Steven Udvar, Guillaume Faury, Faury, Pratt, Safran, Whitney, Chris Calio, Spirit, Patrick Shanahan, Tim Hepher, Valerie Insinna, Allison Lampert, Matt Scuffham, Sharon Singleton, Matthew Lewis Organizations: Airbus, Defence, Space, Air Lease AL.N, Pratt & Whitney, CFM, GE Aerospace, GE, Boeing, Thomson Locations: Dubai, Paris, Washington, Montreal

☆ Airbus raises A350 output goal as core Q3 profits rise
▼ + stars: | 2023-11-08 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

[1/2] A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. The world's largest planemaker said it was aiming to return to pre-COVID levels of 10 A350 jets a month in 2026, up from a previous goal of nine a month by end-2025. Adjusted operating earnings came in at 1.013 billion euros ($1.08 billion) in the quarter, up 21%, as revenues rose 12% to 14,897 billion. Analysts expected earnings of 1.142 billion euros on revenues of 15.098 billion, according to a company-compiled consensus. Production on the company's main profit-generating programme the Airbus A320 family, is "progressing well" towards a previously announced target of 75 a month in 2026, Airbus said.

Persons: Peter Cziborra, Tim Hepher, Matt Scuffham, Sharon Singleton Organizations: Airbus, Farnborough, REUTERS, Rights, Industry, Thomson Locations: Farnborough, Britain

☆ Shares of Spirit Aero down 16% as company looks to raise cash
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - Shares of Spirit AeroSystems (SPR.N) dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company announced a proposed public sale of $200 million of its Class A common stock. It also plans to issue $200 million in convertible debt set to mature in 2028. Chief Financial Officer Mark Suchinski said then that the company "continue(s) to evaluate all refinancing options to address debt," including $1.2 billion of debt set to mature in 2025, "as well as our overall liquidity." Reporting by Valerie Insinna; Editing by Chris Reese and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, planemaker, Patrick Shanahan, Mark Suchinski, Valerie Insinna, Chris Reese, Stephen Coates Organizations: Boeing, International Paris Air, Le, REUTERS, Rights, Airbus, Thomson Locations: Le Bourget, Paris, France

☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Brazil's Embraer posts 34% profit jump, maintains outlook
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

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