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Spirit AeroSystems to reduce costs as MAX rates remain low

Spirit AeroSystems to reduce costs as MAX rates remain low

by Richard Schuurman | Nov 3, 2022 | Aerospace, Boeing | 0 comments

Tier-1 supplier Spirit AeroSystems is to initiate a cost reduction program to reduce structural costs and improve profitability and cash flow in 2023. It says it needs to as production rates of the Boeing 737/MAX remain around 31 per month, Spirit said in its Q3...
Boeing wants to get back to 800 deliveries and higher rates in 2025-2026

Boeing wants to get back to 800 deliveries and higher rates in 2025-2026

by Richard Schuurman | Nov 2, 2022 | Boeing | 0 comments

Boeing intends to significantly ramp up the production rates of all its commercial aircraft projects in 2025-2026 and intends to strengthen its financial position. Boeing shared its plans today during its Investors Conference in Renton. Boeing wants to get back to 800...
Low Covid-19 vaccination rates slow African traffic recovery

Low Covid-19 vaccination rates slow African traffic recovery

by Michael Wakabi | Jun 20, 2022 | Airlines | 0 comments

Low vaccination rates and persistent internal barriers are a drag on the recovery of African air traffic with RPKs lagging 48% below 2019 levels. Ticket bookings for 1Q22 were only 57% of pre-crisis levels, reflecting subdued intra-African travel as many countries...
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...
Aircraft insurance rates on a surge following situation in Russia

Aircraft insurance rates on a surge following situation in Russia

by Richard Schuurman | Apr 7, 2022 | Aerospace, Lessors | 0 comments

Aircraft insurance rates have surged, following the situation with aircraft confiscated and nationalized by the Russian authorities. Robert Martin, managing director and CEO of BOC Aviation, told the CAPA Aviation Leader Summit in Manchester that the effect is already...
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