The vaccines against COVID-19 are raising hopes and Wall Street is abuzz over a “light switch bull case” investment thesis where commercial air traffic surges back and business returns to normal sooner than 2023-25.
Boeing is seeing some positive signs in its commercial aftermarket activity but cautions that the future of its once-high-profile services push will be shaped by post-pandemic demand.
Boeing’s two key widebody programs are facing stronger headwinds from both internal and external sources, prompting the company to further trim its planned 787 output for 2021 and signal that 777X certification will continue to proceed slowly.
UK long-haul carrier Virgin Atlantic is expecting to perform its final Boeing 747 flight on Dec. 16 and has announced plans to resume operations from Manchester, England, on Dec. 5 after a nine-month break.
Europe’s largest LCC Ryanair placed a follow-on order for 75 Boeing 737-8200s on Dec. 3, in what is the first major commitment for the MAX since the outbreak of the COVID-19 pandemic and the U.S. FAA’s decision to unground the aircraft.
Scandinavian Airlines (SAS) has initiated the process of phasing out 21 of the older, less fuel-efficient aircraft in its fleet earlier than planned as a result of the COVID-19 pandemic.
The Civil Aviation Administration of China (CAAC) has issued type inspection authorization for the COMAC C919, opening the way for certification flight testing.
Rolls-Royce has hired Infosys, one of India’s largest digitally-based consulting firms, to provide engineering, research and development services for its civil aerospace business, turning over a major office in Bengaluru that the engine-maker built up over the last decade.
Embraer Commercial Aviation expects the global demand for air transport to still be 19% smaller in 2029 than anticipated in its last pre-crisis market forecast.
Air logistics startup Airflow is working with VerdeGo Aero to study the distributed hybrid-electric propulsion system for its planned short-takeoff-and-landing cargo aircraft.
Long-time investment specialist Castlelake is teaming up with Boeing to provide up to $5 billion in new-aircraft delivery financing, giving cash-strapped carriers an additional funding option that does not require Boeing to increase its debt load.
Corroded hardware is leaving Airbus A350 cockpit escape hatches difficult to open from the outside, leading Airbus to redesign the affected parts and prompting EASA to order modifications for the affected in-service fleet.
Blank-check company Genesis Park Acquisition has been seeded with $150 million through its initial public offering and is on the hunt for aerospace or aviation services businesses to buy.
Supersonic aircraft developer Boom Technology has said it is using Amazon Web Services (AWS), including the company’s cloud-based high-performance computing (HPC) capability, to accelerate the design and construction of the XB-1 demonstrator and the follow-on Overture airliner.
Honeywell has introduced a new catalyst designed for aircraft cabin air systems that can help reduce in-cabin odors from certain volatile organic compounds in “bleed air”—also known as undesirable “smell-in-cabin” events.
