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Spirit Airlines Cancellations Cause Chaos in Airport
Upset passengers swarmed Spirit Airlines’ ticket counters with some starting what was described as a near riot at the Fort Lauderdale airport following the cancellation of 9 flights by Spirit Airlines. The airline blamed the cancellations... More of this article »
China’s C919 Completes Maiden Flight
China’s C919 passenger aircraft dogged by long delays has finally completed its maiden flight. A major step for the Beijing government as it attempts to increase its profile for global aviation and boost at-home high-tech manufacturing. Under... More of this article »
United Earnings Meet Expectations, But Fall 52%
On Tuesday, United Airlines posted a drop of 52% in its net earnings for its fourth quarter, but the air carrier met expectations on Wall Street thanks to better than had been expected bookings during both November and December. The... More of this article »
Air France to Launch No-Frills Airline For U.S. and Asia
Air France-KLM the Franco-Dutch carrier operator is planning to launch a medium- and long-haul airline, which could tap into a lucrative market that serves cities across the U.S. as well as Asia to regain market share that was lost... More of this article »
Delta’s Profit for Second Quarter Rises But Revenue Falls
Delta Air Lines posted profit for the second quarter that beat Wall Street expectations despite revenue that was lower. The company is planning to limit growth in an attempt to push its fares higher. Lower prices of fuel have been... More of this article »
Boeing Announces Historic Deal with Iran Air
Boeing announced that it signed a landmark agreement with Iran Air to sell the airline new jetliners. This is the first major new deal between a company based in the United States and Iran since the sanctions related to the Islamic... More of this article »
JetBlue Planning Mint Service Expansion After Losing Virgin America Bid
Despite JetBlue losing its bid to acquire Virgin America based in California, the airline is not giving up its battle for the Golden State’s high playing passengers. On Tuesday, JetBlue announced that it is planning to expand its... More of this article »
Southwest Wants to Fly Out of Long Beach
Southwest Airlines appears to have won access to the capacity controlled Long Beach Airport, located just outside of Los Angeles. On Wednesday, the carrier announced both an interest and its application to add service from Long Beach,... More of this article »
Iran Buying 114 Planes from Airbus, Interested in Boeing
Iran is planning to purchases 114 aircraft from Airbus the plane maker based in Europe by as soon as this March. Iran is also looking for other aircraft deals, said two senior officials from the government on Sunday, as the country... More of this article »
IAG and American Airlines Sign with LATAM Airlines on Joint Ventures
LATAM Airlines, headquartered in Chile has signed agreements for joint ventures to increase its ties to American Airlines and IAG’s Iberia and British Airways, which are all part of OneWorld Alliance in the airline industry. If the... More of this article »
Delta Beats the Street on Profit As Fuel Continues to Fall
Delta Air Lines posted a profit for the third quarter that beat estimates of analysts on lower cost of fuel and signaled a progress in regaining pricing power amidst pressure from rivals that offer discount fares. A revenue gauge showed... More of this article »
Facebook to Use Satellites for Broadband in Africa
In its most recent quest to open up access to Internet to the developing markets Facebook partnered with Eutelsat Communications a satellite company based in France. Scheduled for launch during the second half of 2016, the initiative... More of this article »
Alcoa Splitting Company into Two
On Monday, Alcoa Inc announced that it would split the company into two separate entities – its aluminum smelting operations that are struggling from its lightweight metals production from its faster growing automotive and aerospace... More of this article »
Airbus Challenging Boeing Through New Factory in the U.S.
French airplane manufacturer Airbus will unveil a new factory of $600 million in the state of Alabama, setting itself up for a fight with its biggest rival Boeing on home soil. The new plant located in Mobile for airplanes that are... More of this article »
Pentagon Teaming Up with Boeing and Apple for Wearable Tech
The Pentagon will team up with Apple, Harvard, Boeing and others for the development of high-tech sensory gear that is flexible enough that people can wear it or it can be molded onto a jet’s exterior. The rapidly changing world... More of this article »
Passenger Airplane Number Estimated to Double in Two Decades
Demand for new passenger planes across the globe is expected to continue its upward track as millions of people throughout developing nations take to the air for just the first time. Over the upcoming 20 years, airlines around the... More of this article »
Profits by Airlines Soar Thanks to Fuel Prices Falling
The airline industry in the U.S. is falling over all the money it is earning. Earnings for the first quarter have been posted by all of the big carriers in the U.S. and each announced profits that were impressive. Leading the pack... More of this article »
Alcoa Starts First Quarter Earnings Season
Alcoa as usual has unofficially started the earnings season for the 2015 first quarter on Wednesday with results where profit beat expectations but revenue did not, hinting that the upcoming earnings reports deluge might be a rough... More of this article »
Qatar Airways Acquires British Airways Stake
Qatar Airways had acquired a 9.99% stake, worth 1.15 billion pounds or $1.7 billion in International Consolidated Airlines building better ties with the owner of Iberia and British Airways it collaborates in the one world alliance. Qatar’s... More of this article »
Pilot Strike at Lufthansa into Second Day
Lufthansa pilots started their second day of strikes on Tuesday that grounded cargo and long haul flights as well as to European and domestic routes, with thousands of travelers being stranded. The pilot strike of two days, the ninth... More of this article »
Ryanair Increases Forecast for Profit on Surge in Bookings
Ryanair raised its forecast for annual profit nearly 20% Monday because of a surge in its winter reservations and announced it would lower fares by as much as 10% over the coming year to take additional market share from its struggling... More of this article »
Honeywell Profit Passes Forecast, Seeking Deals
The diversified maker of electronic equipment and aircraft parts, Honeywell International Inc, posted a profit for the third quarter that was better than had been expected helped in part by higher margins in its aerospace business. Honeywell... More of this article »
Emirates Orders 150 Boeing Planes for $56 Billion
Emirates the Dubai airline has completed an order for $56 billion to purchased 150 777X Boeing jets Wednesday. The order completes a commitment the airline made in 2013 just weeks after it scrapped an order with Airbus a rival of Boeing. The... More of this article »
Boeing Reports Cracks in Wings on Dreamliners
Boeing Co. announced Friday that they discovered hairline cracks in the wings of nearly 40 of its 787 Dreamliners that were in production, which marked yet another setback for the newest jet in the company. The cracks were not found... More of this article »
Japan Airlines Agrees to Deal with Airbus
Airbus the manufacturing giant for aircraft announced a first deal ever with Japan Airlines the Japanese carrier. The deal just signed was for 31 A350 planes and was worth close to $9.5 billion at the prices that Airbus lists for that... More of this article »
United Technologies Could Furlough 5,000
By the beginning of next week, 2,000 workers at United Technologies that make the Black Hawk helicopter will be out of work. The company said it might have to layoff over 5,000 of its workers if the shutdown by the federal government... More of this article »
American Airlines Announces Second Quarter Profit
AMR, American Airlines’ parent company, which is nearing its merger with US Airways, announced a profit of $220 million for the second quarter of 2013. It was just the first time the business has had a net profit during a second... More of this article »
American Airlines to add more Seating
American Airlines made an announcement on Thursday that it will add more seating in jets that are narrow body. The U.S. based airline said it is putting the additional seats into its coach sections on a certain number of aircraft. The... More of this article »
Earnings for Southwest Exceed Wall Street Expectations
Southwest Airlines earned more during the first quarter than what analysts from Wall Street had estimated, but officials from the airline said the federal budget cuts could hurt revenue for the airline going forward. An airfare increase... More of this article »
American Airlines Offered Merger Deal
AMR Corp, the parent company of American Airlines has been offered a deal to merge by US Airways. The merger deal has placed a value of the two airlines combined at more than $8.5 billion. While American pilots were busy voting to... More of this article »
Corruption Probe Underway involving Rolls-Royce
Rolls-Royce the aircraft engine maker might face prosecution due to allegations of corruption in Indonesia, China and other international locations. The company first started as a luxury carmaker. However, it also provides power systems... More of this article »
Boeing (BA) Stock Refills Pair of Price Gaps
The Boeing Company (NYSE:BA) stock has successfully refilled not one, but two price gaps today during intraday trading. BA like many stocks has a tendency to reclaim old voids in price even if it may take a long while, such as the... More of this article »
All Nippon Airways Chooses Air BP Turbo Oils for 787 Dreamliner
All Nippon Airways (TYO:9202) today formally agreed to use lubricants made by Air BP for use in their 787 Dreamliner. ANA is Japan’s largest airliner and Air BP is the specialized aviation division of BP (NYSE:BP), providing... More of this article »
Boeing (BA) Completes Delivery of 24 RAAF Super Hornets
The Boeing Company (NYSE:BA) announced today that they have delivered four F/A-18F Super Hornets to the Royal Australian Air Force (RAAF) not only ahead of schedule, but on budget as well. Preemptive-delivery of Super Hornets to the... More of this article »
GE Capital Aviation Orders Six EMBRAER E190’s
GE Capital Aviation Services (or, GECAS) announced today that they have placed an order with Embraer for six of their E190 aircraft. GECAS already has 93 E-Jets of all different kinds on lease, this will only further their standing... More of this article »
Indian Navy-Bound Boeing P-8I Successfully Makes First Flight
Boeing successfully flew a Indian Navy-bound P-81 for the first time today as it lifted off from Renton Field at 12:02 P.M. PST. The large aircraft was airborne for two hours, 31 minutes until landing at Boeing Field in Seattle, WA. While... More of this article »
Lockheed Martin Boosts Dividend & Raises Share Repurchase
Lockheed Martin today stated that they would increase their quarterly dividend by a third and that they would also raise their shares repurchase authority by $2.5 billion dollars. The upcoming fourth quarter of 2011 dividend has been... More of this article »
Indonesia’s Lion Air Receives 50th 737-900ER from Boeing
Boeing announced today that they have delivered the 50th 737-900ER aircraft to Indonesia’s Lion Air. Lion Air is Indonesia’s largest private airline and the ‘ER’ designation in the 737-900ER aircraft model name... More of this article »
Lockheed Martin Wins $100.5 Million LGB Contract
Lockheed Martin announced today that they have won a $100.5 million dollar laser-guided bomb contract. The contract is signed with the United States Air Force who will receive paveway II Plus Laser Guided Bomb (LGB) GBU-12 guidance... More of this article »
Boeing Improves Fuel Efficiency in Single Isle Aircraft Market
Boeing is to improve the fuel efficiency in single isle aircraft with the advent of their new 737 engine family. The new engines will also be available to retrofit into existing 496 aircraft, too. In a company report, a Boeing representative... More of this article »
Skymark Airlines Takes Delivery of Two Boeing 737-800’s
Japanese flight carrier, Skymark Airlines, has received delivery of a pair of new Boeing 737-800 aircraft. GE Capital Aviation Services Limited (GECAS) announced delivery of the pair of Boeing 737-800 aircraft today in a statement. ... More of this article »