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Lufthansa CEO Carsten Spohr expressed frustration over Boeing's delivery delays, calling them "extremely annoying" and costly for the airline
May 12, 2024 - Spohr expressed confidence that Boeing would resolve its issues, emphasizing the importance of having two strong aircraft manufacturers in the industry, which includes Boeing's rival Airbus. (Reuters)
May 12, 2024 - Spohr expressed confidence that Boeing would resolve its issues, emphasizing the importance of having two strong aircraft manufacturers in the industry, which includes Boeing's rival Airbus. (Reuters)
DARPA has awarded Aurora Flight Sciences an $8.3m contract to proceed with designing an experimental heavy cargo seaplane for the U.S. military
May 10, 2024 - Aurora's design resembles a traditional flying boat with high wings and a single hull, aims to accommodate aft cargo efficiently. The program is focusing on creating a transformative mobility aircraft capable of operating in challenging sea conditions. (Defense News)
May 10, 2024 - Aurora's design resembles a traditional flying boat with high wings and a single hull, aims to accommodate aft cargo efficiently. The program is focusing on creating a transformative mobility aircraft capable of operating in challenging sea conditions. (Defense News)
President Joe Biden expressed concern over Boeing's decision to lock out unionized firefighters amid a contract dispute
May 9, 2024 - His support for the firefighter hints at potential White House involvement in broader discussions with Boeing's unionized factory workers in Washington state. The IAM is representing over 30,000 workers building Boeing's 737 MAX jets and are negotiating for better terms. (Reuters)
Audax Private Equity's portfolio company FDH Aero has completed a minority recapitalization with Neuberger Berman
May 9, 2024 - The transaction positions FDH Aero to capitalize on its market leadership in aerospace and defense, securing an equity infusion to support future growth and offer partial liquidity to its investor base. (Business Wire)
May 9, 2024 - The transaction positions FDH Aero to capitalize on its market leadership in aerospace and defense, securing an equity infusion to support future growth and offer partial liquidity to its investor base. (Business Wire)
Emirates' chairman expressed significant dissatisfaction with Boeing's performance and delivery delays, stating, "Get your act together and just do it"
May 7, 2024 - Despite Emirates being Boeing's largest customer, recent safety issues and delivery setbacks have strained their relationship. While not indicating plans to cancel orders or switch to Airbus, the chairman emphasized the need for Boeing to fulfill its promises and improve its safety culture amidst ongoing regulatory scrutiny. (CNBC)
May 7, 2024 - Despite Emirates being Boeing's largest customer, recent safety issues and delivery setbacks have strained their relationship. While not indicating plans to cancel orders or switch to Airbus, the chairman emphasized the need for Boeing to fulfill its promises and improve its safety culture amidst ongoing regulatory scrutiny. (CNBC)
Boeing supplier Spirit AeroSystems is facing challenges with cash flow and inventory
May 7, 2024 - Tighter inspection procedures by Boeing have led to delays in fuselage deliveries, resulting in significant cash burn for Spirit. These challenges have widened Spirit's net loss and put pressure on its operations and liquidity, with ongoing talks between Boeing and Spirit about potential reacquisition and operational arrangements. (Financial Times)
May 7, 2024 - Tighter inspection procedures by Boeing have led to delays in fuselage deliveries, resulting in significant cash burn for Spirit. These challenges have widened Spirit's net loss and put pressure on its operations and liquidity, with ongoing talks between Boeing and Spirit about potential reacquisition and operational arrangements. (Financial Times)
Lockheed Martin and Maxar intelligence have entered a long-term agreement to enhance the F-35 Full Mission Simulator
May 6, 2024 - The FMS, which has trained over 2,400 individuals, is recognized as an industry standard for enhancing pilot safety and mission success through simulated real-world scenarios. This collaboration highlights a growing trend in defense towards digital solutions for training and readiness support. (Defense News)
May 6, 2024 - The FMS, which has trained over 2,400 individuals, is recognized as an industry standard for enhancing pilot safety and mission success through simulated real-world scenarios. This collaboration highlights a growing trend in defense towards digital solutions for training and readiness support. (Defense News)
Loar has appointed Paul Dolan as Executive Vice President with oversight of key subsidiaries within the aerospace and defense sectors
May 6, 2024 - Paul brings over 25 years of experience, having previously served as CEO of Aviation Technical Services and in leadership roles at Chromalloy Gas Turbine. Loar's CEO Dirkson Charles expressed excitement about Paul's leadership and alignment with the company's values, anticipating his contribution to Loar's growth and success. (Access Wire)
May 6, 2024 - Paul brings over 25 years of experience, having previously served as CEO of Aviation Technical Services and in leadership roles at Chromalloy Gas Turbine. Loar's CEO Dirkson Charles expressed excitement about Paul's leadership and alignment with the company's values, anticipating his contribution to Loar's growth and success. (Access Wire)
