Uncertainty around trade wars and Brexit have been the biggest drags on air cargo markets this year, but Steven Polmans is an optimist.
American Airlines [NYSE: AAL] won’t have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase free cash flow and returns to shareholders, according to company executives. Since 2013, the Dallas-based airline has replaced nearly 500 aircraft and now has about […]
Boeing Company’s stock [NYSE: BA] has fallen 32% since documents turned over to Congress and the U.S. Federal Aviation Administration on Oct. 17 revealed that a former Boeing test pilot kept quiet in 2016 about problems he encountered with the 737 MAX’s flight control system since blamed in two fatal crashes. The chief technical pilot […]
New York to Sydney flights not to take off til 2023, Qantas CEO says. Kentucky needs infrastructure
Air Canada said Wednesday that it has removed the Boeing 737 MAX from its flying schedule until February 14 because ongoing regulatory uncertainty could cause problems as it launches a new reservation system. Transportation authorities around the world grounded the MAX, a more fuel-efficient update for the popular short-to-medium range jet, in March after two […]
The Boeing Co.’s [NYSE: BA] board of directors late Friday afternoon replaced Dennis Muilenburg as chairman with independent director David Calhoun, but kept him in place as chief executive officer. In an October 11 statement, the aerospace and defense company said splitting the roles will enable Muilenburg to focus full time on running the company […]
American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded the plane for safety reasons. The Dallas-based airline said in a statement Oct. 9 that the Federal Aviation Administration will likely recertify the aircraft later this year and that it […]
Deal is clone of Airbus-Bombardier tie-up
Commercial airplane deliveries at The Boeing Co. [NYSE: BA] nose-dived by two-thirds in the third quarter compared to the same period in 2018 and by almost half year-to-date, according to figures released by the company Oct. 8. The plunge in sales is largely due to the March grounding by regulators of the next-generation 737 MAX […]
The Southwest Airlines Pilots Association on Monday sued The Boeing Co., [NYSE: BA]claiming the manufacturer engaged in fraud and that the grounding of the 737 MAX by regulators is costing its pilots millions of dollars in lost wages each month. In a complaint filed Oct. 7 in the District Court of Dallas County, Texas, the […]
Taken by themselves, recent safety concerns with Boeing aircraft might be seen as part of normal checks and balances. But in the wake of the 737 MAX accidents, any safety question is receiving extra public scrutiny.
Airbus has elevated its 20-year demand forecast for all-cargo aircraft, saying the market will need 2,800 specialized units to handle growth in international trade and e-commerce, 400 more than it estimated last year. The European aircraft manufacturer predicts air cargo will double by 2038 based on a compound annual growth rate (CAGR) of 3.6%, up […]
Technology deployment specialists Velociti have expanded into the construction markets, giving participants the same support and expertise over-the-road trucking companies have benefitted from since its founding.
Boeing Chairman and CEO Dennis Muilenburg on Wednesday expressed confidence the company would quickly overcome recent troubles with its new 737 MAX and 777X airplanes, but worried escalating trade tensions between the U.S. and China could undercut future sales of 767, 777 and 787 aircraft in its largest market. “The lack of a trade deal […]
News that a key test on Boeing’s next-generation 777 wide-body jetliner went awry last week raised questions about possible production and delivery delays, but for all-cargo fleets, the glitch is a non-issue because no freighter variant is planned right now. Still, the plane provides great value as a cargo hauler because its huge lower deck […]
Qantas announces a test program to fly nonstop from New York and London to Sydney. This long-haul flight may also present cargo opportunities.
Dickson will take on oversight of Boeing 737 MAX grounding.
Operating performance bolstered by contracts with Amazon and U.S. government, said company CEO.
After a nine-year absence, Japan Air Lines resumes scheduled air cargo service in deal with Kalitta Air Photo: Flickr/Bill Wilt)
Boeing (NYSE: BA) posted a core loss per share of $5.82 for the second quarter of 2019.
