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.…
The US Department of Transportation (DoT) has added seven aircraft of Belarus airline Belavia to its list for the apparent violation of US export rules. The Department said on April 14 that its Bureau of Industry and Security (BIS) identified the…
“It is way, way too early to determine the effect of the situation in Russia”, Boeing’s Ihssane Mounir, Senior Vice President for Commercial Sales and Marketing, told AirInsight two weeks ago. He might be right, but Boeing’s accounting office has…
UPDATE – Airbus confirms that it is still sourcing some of its titanium from Russian supplier VSMPO. This is despite the international sanctions that have been imposed on Russia after it invaded Ukraine on February 24. The European airframer states…
UPDATE – AerCap, the world’s largest leasing company, expects to recognize an impairment on its assets leased to Russian airlines that have not been returned following the sanctions on Russia. The exact amount hasn’t been determined, but the impairment will…
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