Bloomberg Boeing Co. Chief Executive Officer Dennis Muilenburg said he’s confident the grounded 737 Max aircraft will re-establish its position as a single-aisle workhorse for decades to come, as the company works through an in-depth review of the airframe design and its internal processes in the wake of two deadly crashes. “The long-term, multi-decade strategy hasn’t changed,†Muilenburg said in ...
Read More »Aviation
Lufthansa lowers profit forecast after European fare war bites
Bloomberg Deutsche Lufthansa AG shares slumped the most in three years after the company said it fears a European fare war will squeeze profits at least for the rest of the year. A Europe-wide fight for market share forced Lufthansa to lower profit expectations for 2019, the German carrier said. Falling revenues at its low cost Eurowings subsidiary were chiefly ...
Read More »Airbus mulls world’s first hybrid-electric airliner
Bloomberg Airbus SE is considering bringing the world’s first hybrid-electric airliner to market as it weighs its strategy for replacing the bread-and-butter A320neo narrow-body in the next 15 years — a move that would mark a technological leap for the aerospace industry. The European planemaker has grown confident that the revolutionary propulsion system will be ready for roll-out on an ...
Read More »Europe aims to make prototype for new fighter plane by 2026
Bloomberg France, Germany and Spain will move a step further to building a new combat plane on Monday at the Paris Air Show when defense ministers will sign a cooperation accord to produce a prototype. The three European countries are aiming to produce the prototype in 2026, the French president’s office said. The project was launched in 2017 by President ...
Read More »Southwest Air extends 737 Max cancellations
Bloomberg Southwest Airlines Co. pulled the Boeing Co. 737 Max from its schedule for an additional month, citing uncertainty over when regulators will allow the jet to resume service. Southwest, the narrow-body aircraft’s largest operator, will cancel about 100 daily flights as the Max is removed from schedules through September 2, the Dallas-based carrier said in a statement. The airline ...
Read More »Carriers keen on new Airbus jet still hankering for Boeing rival
Bloomberg JetBlue Airways Corp. and Norwegian Air Shuttle ASA, regarded as likely buyers for Airbus SE’s proposed A321 XLR jetliner, urged Boeing Co. to go ahead with a rival model that they say will have capabilities the European plane can’t match. The discount carriers said in Paris that the anticipated launch of the extra long-range version of Airbus’s A321neo at ...
Read More »American Air urges court to put end to ‘devastating’ labour slowdown
Bloomberg American Airlines Group Inc. persuaded a federal judge to temporarily block an alleged work slowdown by mechanics that the carrier says has become “devastating†to its operations. American sought the order three weeks after asking for a temporary injunction against the TWU-IAM Association, which represents more than 30,000 mechanics, baggage handlers and other airport ramp workers. A July 1 ...
Read More »Mitsubishi to showcase renamed airliner SpaceJet at Paris air show
Bloomberg The SpaceJet is not going to take you to the moon or Mars, but it can get you to a smaller city on earth without having to switch flights in Atlanta, Dubai or another big airport hub. The newly renamed regional jet by Mitsubishi Heavy Industries Ltd. is being showcased at the Paris Air Show next week, along with ...
Read More »British Airways pilots call for strike ballot on pay deal
Bloomberg British Airways (BA) pilots called for a strike ballot after unions rejected the latest pay package from management. Shares of IAG SA, owner of the airline, reversed earlier gains. “We are urgently considering next steps and will make a further statement later this week,†Brian Strutton, general secretary of the British Airline Pilots Association union, or Balpa, said in ...
Read More »FAA official echoes Boeing timeline for 737 Max return by December this year
Bloomberg Boeing Co’s 737 Max aircraft, grounded since March after two fatal crashes in five months, should be back in the air by December, a top US regulator said. It’s not possible to give an exact date as work progresses on safety fixes to the aircraft, Ali Bahrami, the Federal Aviation Administration’s associate administrator for aviation safety, said in an ...
Read More »