Difficulties in the supply chain are holding up deliveries at Airbus, notably that of the A320neo family. But these issues are not systemic and are not having an effect on the planned production ramp-up, President and CEO Guillaume Faury said…
UPDATE – Tier 1 supplier Spirit AeroSystems has been hit hard by the latest quality issues on the Boeing 787. After recognizing a $46 million forward loss on the Dreamliner in Q2, the company expects to incur another $40-60 million…
Lower production rates at Boeing and Airbus combined with quality issues on the 787 Dreamliners have forced tier-1 aerostructure supplier Spirit Aerosystems to make a $72.4 million pretax forward charge. The loss is caused by the 787 and A350 rates and…
Financial results of China’s ‘Big Three’ airlines reflect the dire state they have been in during 2020. Despite an almost full recovery to pre-Covid traffic and passenger numbers by October – followed by another slump -, China Eastern Airlines, China…
In a deal that looks like one from the old days of multi-billion dollar orders when there were airshows, Saudi Arabian Airlines Corporation (Saudia) has signed a $ 3.0 billion financing agreement for the purchase of 73 new aircraft. The…
It’s been a milestone without much fanfare except for a few tweets, but Pratt & Whitney has had something to celebrate recently: on January 25, the Geared Turbofan (GTF) has been in commercial service for five years on the Airbus A320neo.…