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First Cessna Skycourier Twin Utility Turboprop Takes Flight

WIL BALDWIN May 18, 2020

Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced the successful first flight of its new twin utility turboprop, the Cessna SkyCourier. The milestone flight is a significant step toward entry into service for the…

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Boeing X-37B Launches in Second Mission for U.S. Space Force

WIL BALDWIN May 18, 2020

The Boeing [NYSE: BA]-built X-37B autonomous spaceplane today launched on top of a uniquely configured United Launch Alliance Atlas V rocket. Boeing is the prime contractor for the X-37B spaceplane and facilitates the integration of…

ATR Releases 2019 Results

WIL BALDWIN May 14, 2020May 14, 2020

ATR performed well in 2019. We received 79 orders and delivered 68 aircraft for a book-to-bill of more than one. The turnover for the year was $1.6 billion and was boosted by a strong performance…

Embraer Delivers 5 Commercial and 9 Executive Jets in 1Q20

WIL BALDWIN May 14, 2020May 14, 2020

Embraer (NYSE: ERJ) delivered a total of 14 jets in the first quarter of 2020, of which five were commercial aircraft and nine were executive jets (five light and four large). As of March 31st,…

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Boeing Awarded $3.1 Billion in U.S. Navy Cruise Missile Contracts

WIL BALDWIN May 14, 2020

The U.S. Navy has awarded Boeing [NYSE: BA] a combined $3.1 billion in contracts for Harpoon and Standoff Land Attack Missile Expanded Response (SLAM ER) weapon systems in support of Foreign Military Sales (FMS). About…

Qantas Pauses Airplane Deliveries from Airbus and Boeing

WIL BALDWIN May 10, 2020May 10, 2020

Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia SYDNEY (Reuters) - Qantas Airways Ltd <QAN.AX> said on Monday it had advised Airbus SE <AIR.PA> and Boeing Co <BA.N> that it did…

Airbus to Furlough 3,200 Staff at Broughton Factory in Wales

WIL BALDWIN April 28, 2020April 28, 2020

LONDON (Reuters) - Airbus <AIR.PA> will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survival at…

Airbus Warns Staff on Jobs With its ‘Survival at Stake’

WIL BALDWIN April 27, 2020April 27, 2020

FILE PHOTO: Airbus CEO Guillaume Faury poses before Airbus's annual press conference on full-year results By Tim Hepher PARIS (Reuters) - European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis,…

Boeing Terminates Joint Venture Agreement With Embraer

WIL BALDWIN April 27, 2020April 27, 2020

Boeing (NYSE: BA) announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create…

Norwegian Air Could Run Out of Cash Unless Debt Plan Approved

WIL BALDWIN April 27, 2020April 27, 2020

OSLO (Reuters) - Norwegian Air <NAS.OL> could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday. If approved by bondholders,…