News: Boeing has now formally informed the world that it may now be in a “forward loss position” on the Boeing 787 and Boeing 777X aircraft programs. Let’s translate that into English from accountant-speak. What it really means is that…
New York’s Southern District Bankruptcy court will be busy with another Chapter 11 case after Grupo Aeromexico has filed for bankruptcy protection on June 30. It is the third Latin American airline after Avianca and LATAM to seek protection with…
Boeing and the airline industry are clamoring for billions of dollars in bailouts as the coronavirus crisis has dramatically impacted them financially. Clearly, Boeing, the largest US exporter, will be considered too big to fail, just as General Motors was…
Republic Airways yesterday declared Chapter 11 bankruptcy, after several quarters of falling revenues and being forced to ground aircraft due to a pilot shortage. The company, which has feeder contracts with American, Delta, and United, will continue flying its full…