The Boeing Company has reported fourth-quarter revenue of $17.9 billion, GAAP loss per share of ($1.79) and core loss per share (non-GAAP) of ($2.33), primarily reflecting the impacts of the 737 MAX grounding.
The business rescue practitioners of South African Airways SOC (the Practitioners), supported by the Departments of Public Enterprises (DPE) and National Treasury (NT), have been successful in obtaining the balance of the post commencement funding (PCF) required to meet the short term liquidity requirements of the airline for the period until the business rescue plan (the Plan) is published and adopted.
Aerospace suppliers are taking different approaches on whether to cut employees as they wrestle with the fallout of the Boeing 737 MAX production halt, with some already doing so while others announce they will not.
Airbus has reached an “agreement in principle” with France’s financial prosecutor (Parquet National Financier or PNF), the UK Serious Fraud Office (SFO) and U.S. authorities, the company confirmed Jan. 28.
Uber is launching a three-year, “multimillion-dollar” community engagement plan to pave the way for the anticipated start of commercial urban aerial ride-sharing services in its pilot cities of Dallas, Los Angeles and Melbourne, Australia.
Fort Worth-based Novaria Group, a holding company rolling up Tier 2 and 3 aerospace and defense suppliers, has changed ownership itself, with Rosewood Private Investments and Tailwind Advisors selling to major investment firm KKR.
Fast-growing LCC Wizz Air had selected Pratt & Whitney’s GTF engine to power 166 Airbus A320neo family aircraft the Hungarian LCC has on order, Pratt said Jan. 27.
A new mandate to de-pair high-time Rolls-Royce Trent 1000s related to unexplained engine compressor surge issues is not expected to lead to more Boeing 787 groundings, the manufacturer said.
