As we outlined earlier, the deferred prosecution agreement that was hammered out between the Department of Justice and Boeing in 2021 has been re-opened by a Federal judge in Texas because the victims were not represented in that agreement. The arraignment for a...
This Thursday, Boeing will be arraigned on federal criminal charges resulting from the two 737 MAX tragedies in which 346 people were killed in crashes in 2018 and 2019. On October 18th, 2018, Lion Air flight 610 crashed off West Java into the ocean, killing all 189...
United Airlines reports a $737 million net profit for 2022, a significant improvement over the $-1.964 billion loss for 2021. The fourth quarter saw good margins but was impacted by storm Elliott. United Airlines: $737 million net profit in 2022. United’s operating...
At the Dubai Airshow 2021, Indian startup carrier Akasa Air, founded by aviation veteran Vinay Dube and backed by Indian investor Rakesh Jhunjhunwala, placed its first aircraft order for 72 737 MAX 8 and 737 MAX 8-200 Aircraft. The airline intends to launch operations...
Earlier this week, the Brazilian carrier GOL and Castlelake secured financing for a Boeing 737 MAX order. The financing will be worth up to $600 million and will allow the airline to finance the acquisition of new 737 MAX 8 aircraft. The Brazilian carrier GOL is...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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