Troubled Tier 1 aerostructures supplier Spirit AeroSystems is selling its Fiber Materials (FMI) business to Tex-Tech Industries for $165 million in cash.
Unable to evaluate risks quickly and effectively in Boeing’s vast operation, the FAA depends on Boeing-produced data points to determine the airframer’s health.
Airbus has selected MTU Aero Engines CEO Lars Wagner as the new head of its commercial aircraft business, succeeding long-time senior exec Christian Scherer.
Spirit AeroSystems is racing to finish its sale to Airbus and Boeing or find enough bridge financing and cost cuts before otherwise running out of money.
Spirit AeroSystems, the Wichita-based lead supplier of aerostructures to Boeing, said it will furlough around 700 employees for 21 days starting Oct. 28.
Airbus is adhering to its production ramp-up target of delivering 770 aircraft in 2024, CEO of Airbus’s commercial aircraft business Christian Scherer said.
The monthly 737 program production rate mismatch between Boeing and Spirit has created a buffer of nearly 130 fuselages awaiting shipment to the manufacturer.
The NTSB’s planned two-day hearing on Alaska Airlines Flight 1282 will provide a rare and extensive look into Boeing’s commercial aircraft manufacturing process