Aviation

  Bloomberg Few companies have been as successful as Boeing Co. in building a cozy relationship with President Donald Trump. The question is how close is too close. The company found itself in an awkward position this week after Bloomberg reported that Chief Executive Officer Dennis Muilenburg had listened in on a phone call last month between Trump and the ...

  Bloomberg Elon Musk’s Space Exploration Technologies Corp. successfully launched its second rocket in as many months, bringing it a 10th of the way to its goal of deploying 20 to 24 rockets this year. The Falcon 9 rocket that launched SpaceX’s Dragon spacecraft separated minutes after liftoff and landed upright on Earth in its designated area. SpaceX expects to ...

  Bloomberg After a rocky start, Boeing Co. Chief Executive Officer Dennis Muilenburg appears to have gained the ear of President Donald Trump. The US planemaker was one of Trump’s first post-election corporate targets, and a tweet about soaring Air Force One costs briefly tanked the company’s shares in December. But the Twitter tirade also gave Muilenburg an opening to ...

  Bloomberg Elon Musk’s Space Exploration Technologies Corp. halted the launch of its second rocket in as many months on Saturday, about 10 seconds before its scheduled liftoff. “All systems go, except the movement trace of an upper stage engine steering hydraulic piston was slightly odd. Standing down to investigate,” Musk said in a Twitter post. The rocket, which was ...

  Bloomberg The leaders of American Airlines’ pilot union voted no-confidence in Chief Executive Officer Doug Parker, citing pay and scheduling problems, delays in implementing their full contract and a “toxic” company culture. “The straw that broke the camel’s back was Parker skipping last week’s meeting with President Trump and other airline industry executives at the White House,” the Allied ...

  Bloomberg When it comes to maintaining domestic air superiority, US carriers have been shaking their fists at Persian Gulf airlines that have rapidly increased their American presence. Yet there’s another threat that may be growing in their own backyard—or more precisely, just north of it. Air Canada has been around for 80 years, but only recently sought to parlay ...

  Bloomberg Air Canada dropped the most in seven months after the country’s largest airline said rising fuel costs would cause a key profit measure to fall by half in the first quarter. The forecast implies earnings before interest, taxes, depreciation and aircraft rent of C$250 million ($190 million) in the first quarter, trailing the C$366 million estimated by Fadi ...

  Bloomberg Bombardier Inc. expects that business-jet sales could rebound as soon as the second half, getting a boost from U.S. demand as the economy gains traction. “We are confident that we are at the bottom or close to the bottom. Moving forward, it should be better,” Chief Executive Officer Alain Bellemare said in a telephone interview Thursday. “I don’t ...

  Bloomberg Boeing Co. and Space Exploration Technologies Corp. won’t be certified this year to send astronauts to space and may be delayed into 2019 because of potential safety hazards, according to US investigators. Boeing parachute systems haven’t been adequately evaluated and SpaceX engine turbines have cracked during testing, the Government Accountability Office said in a report Thursday that outlined ...

  Bloomberg Boeing Co. and Saab AB, competing for $25 billion in fighter jet orders in India, said the country stands a better chance of securing local manufacturing if its air force and navy join forces. Combining the two orders would give the makers enough scale to set up a local assembly line that Prime Minister Narendra Modi has been ...