Icelandair is likely to get a new shareholder. Private multi-asset management firm Bain Capital has signed a binding agreement to take a 16.6 percent share in Icelandair Group the owner of the airline. The transaction, which is valued at $66.1…
Boeing CEO David Calhoun is careful with rate increases. He isn’t willing to announce increases that go too far into the future. A wrong signal to suppliers might backfire on Boeing if predicted numbers fall short, Calhoun said on June 3…
Airbus plans an aggressive production ramp-up. The European airframer has disclosed more details on how it intends to grow its production capacity until 2025 on May 27. This follows on earlier remarks by CEO Guillaume Faury that Airbus is in…
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…
The FAA has shed more light on the electrical issues of the MAX. The regulator released an Airworthiness Directive (AD) on April 30, which specifies the extent of the problems in the cockpit area of the Boeing. In a Continued Airworthiness…
Boeing reported a first-quarter net loss of $-561 million compared to $-641 million in the same quarter last year, it said on April 28. The Group’s operational loss was $-83 million versus $-1.353 billion in 2020. Revenues were lower as…