Lessor BOC Aviation has taken an $804 million write-off in its HY1 results on seventeen of its aircraft that are still in Russia. Because of the one-off impact, BOC ended the first six months with a net loss after tax of…
UPDATE – Doubling the number of 737/MAX deliveries to Boeing helped Spirit AeroSystems to push revenues up by 26-28 percent in Q2 and HY1 respectively. The Tier 1 supplier is expecting a slower increase in production rates for the coming…
Like Air France-KLM , International Airlines Group (IAG) also returned to profitability in the second quarter, its first profit since Q4 2019. The parent airline group of British Airways and Iberia expects to end the full year at a profit,…
UPDATE – Despite improving its margins, Boeing Commercial Airplanes continues to be loss-making in HY1 and Q2. Revenues were higher thanks to more MAX deliveries, but the continued delivery pause of the 787 continues to affect income and cash flow.…
UPDATE BOEING – China’s Big Three airlines are back in buying mood again. In just an hour or so, China Eastern, China Southern, and Air China announced orders for 292 Airbus A320neo family aircraft on July 1. China’s Big Three buy…
Production hick-ups on the MAX assembly line due to supply chain issues are also affecting Spirit AeroSystems’ deliveries to Boeing. As part shortages result in production disruptions in Renton, Spirit’s inventory of MAX fuselages is stacking up. But it isn’t…