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Spirit postpones final vote on merger offers until June 30

Spirit postpones final vote on merger offers until June 30

by Richard Schuurman | Jun 8, 2022 | Airlines | 1 comment

UPDATE – Spirit Airlines has postponed the stockholders meeting scheduled for June 10 to June 30 which is to decide in favor or against the merger proposal with Frontier Airlines.  Spirit said on June 8 that it wants to allow more time for discussions with...
Higher MAX volumes benefit Spirit AeroSystems in Q1

Higher MAX volumes benefit Spirit AeroSystems in Q1

by Richard Schuurman | May 4, 2022 | Aerospace | 0 comments

Higher production volumes on the Boeing MAX program are the main driver behind better first-quarter results of Spirit AeroSystems. The Tier 1 supplier to Boeing, Airbus, and Bombardier reported thirty percent higher revenues and a 69 percent lower net loss on May 4....
CFM ready for higher Airbus A320neo rates in 2024

CFM ready for higher Airbus A320neo rates in 2024

by Richard Schuurman | Apr 29, 2022 | Aerospace, CFM International, Safran | 0 comments

CFM International has responded positively to the request of Airbus to ramp up the production of the LEAP engines and meet higher rates in 2024. CFM-parent Safran Group confirmed this during an earnings call on April 29 on the first-quarter results. This would mean...
BOC Aviation happy with higher profit but worried about Russia

BOC Aviation happy with higher profit but worried about Russia

by Richard Schuurman | Mar 10, 2022 | Aerospace, BOC | 0 comments

UPDATE – Lessor BOC Aviation said that eighteen aircraft with a book value of $935 million may be affected by the sanctions on Russia. It is too early to say if this means that it won’t be able to repossess these aircraft, but every option must be taken into...
JetBlue to get into higher gear in Northeast market

JetBlue to get into higher gear in Northeast market

by Richard Schuurman | Jan 27, 2022 | Airlines | 0 comments

2022 will be a “transitional year” for US low-cost carrier JetBlue. It plans to pull “meaningful levers” to restore its earnings and improve on costs after reporting a $182 million net loss for 2021, including a $129 million loss in the fourth quarter on January 27....
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