Beleaguered Spirit Airlines is contemplating a pre-planned Chapter 11 bankruptcy filing to restructure its $3.3 billion in debt. The company faces an October 21st deadline under covenants with its credit card processor, and will need to restructure to maintain credit…
Today has been a relatively light day for news on Boeing. The IAM strike and its impacts highlight today’s news. The impact of the strike goes well beyond Boeing to the supply chain, and 500,000 manufacturing workers in aviation across…
Radian Aerospace, a Seattle-based company, is developing a single stage to orbit spaceplane for missions to low earth orbit, including the International Space Station. The company just completed the initial ground taxi tests with its prototype flight vehicle, PFV01 in…
Today’s key news focuses on the IAM negotiations and Boeing’s cancellation of health insurance for striking employees, the potential impact of the port strike on Airbus and Boeing east coast facilities, and how faulty parts that caused a rudder problem…
Today’s key news focuses in on Boeing raising equity to shore-up a weak balance sheet. The company, expected to burn another $3 billion in Q3 after burning through $8.2 billion in the first half of 2024, is running low on…