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Kenya Airways forecasts 20 percent rise in revenue in 2022

Kenya Airways forecasts 20 percent rise in revenue in 2022

by admin | Feb 16, 2022 | Airlines | 0 comments

One of Africa’s biggest airlines, Kenya Airways narrows losses occasioned by the COVID-19 pandemic as the carrier expects a 20 percent in revenue in 2022, according to its CEO Allan Kilavuka. The carrier in which the government has a 48.9 percent stake saw revenue go...
Spirit AeroSystems reduces losses but 787 continues to bleed money

Spirit AeroSystems reduces losses but 787 continues to bleed money

by Richard Schuurman | Feb 2, 2022 | Aerospace | 0 comments

UPDATE – Higher production deliveries of the Boeing MAX and Airbus A220 program have improved the results of tier-1 supplier Spirit AeroSystems in 2021. However, they were severely impacted by the ongoing production pause of the Boeing 787, which produced a...
Boeing takes $3.5 billion 787 charge and offers 777X Freighter

Boeing takes $3.5 billion 787 charge and offers 777X Freighter

by Richard Schuurman | Jan 26, 2022 | Boeing | 0 comments

UPDATE – Boeing has taken a pre-tax non-cash charge of $3.460 billion on the 787 program as deliveries remain suspended over quality issues. Abnormal costs for the Dreamliner increased by $285 million in Q4 and total approximately $2.0 billion, with most being...
2021 Review, 2022 Outlook

2021 Review, 2022 Outlook

by Addison Schonland | Dec 27, 2021 | Aerospace, Airbus, Boeing, Embraer | 0 comments

We undertook a 2021 Review and 2022 Outlook with Richard Aboulafia and Brian Foley.  It was a 42-minute chat and really interesting.  All four of us were closely aligned – which was surprising.  2022 looks good for Airbus for obvious reasons (A220 & A321),...
Boeing 787 delivery delays are hurting American

Boeing 787 delivery delays are hurting American

by Richard Schuurman | Dec 9, 2021 | Airlines | 1 comment

The inability of Boeing to predict when it will deliver 787s to customers is hurting American Airlines deeply. The airline said on December 9 that it has to cut back on its planned summer 2022 schedule because it will lack sufficient wide-body aircraft, notably...
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