SQUAWK

Boeing turns page on troubled 2020 but strategy ill defined

Some analysts view Boeing’s fourth quarter 2020 results as a case of a company clearing the decks – dumping a barrel of bad news at the end of a terrible year so as to focus on rebuilding in 2021. Some analysts view...

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New Zealand orders CAE simulator for P-8A instruction

Boeing late last year awarded CAE a subcontract to produce an operational flight trainer and desktop-based training equipment to support the Royal New Zealand Air Force’s future fleet of P-8A maritime patrol aircraft. Boeing late last year awarded CAE a...

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​Lessors to vote on Malaysia Airlines’ restructuring plan on 10 February

Operating lessors with exposure to Malaysia Airlines will vote on the carrier’s restructuring plan on 10 February, the airline confirms to Cirium. The Malaysian airline adds that it has divided creditors into seven classes as part of its UK court-led restructuring, which...

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Aer Lingus secures €150m loan from Irish state recovery fund

Irish carrier Aer Lingus has tapped a state-backed pandemic recovery fund to secure €150 million ($180 million) in debt funding. The capital has been secured from the Ireland Strategic Investment Fund’s (ISIF) €2 billion Pandemic Stabilisation and Recovery Fund, which...

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Rolls-Royce proposes two-week civil aerospace shutdown

Rolls-Royce could shut down its civil aerospace business for two weeks during the summer in a bid to manage costs amid the coronavirus pandemic. Rolls-Royce could shut down its civil aerospace business for two weeks during the summer in a...

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Hindustan Aeronautics inks contracts with GE Aviation, R-R

Hindustan Aeronautics (HAL) has signed two multi-year contracts with GE Aviation and Rolls-Royce, which will cover MRO, as well as component manufacturing, in both civil and defence aerospace. Hindustan Aeronautics (HAL) has signed two multi-year contracts with GE Aviation and...

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C919 heads to Canada for cold-weather icing tests

Canada will host Comac’s in-development C919 narrowbody for natural icing flight tests this year, as the programme inches closer to certification and service entry. Canada will host Comac’s in-development C919 narrowbody for natural icing flight tests this year, as the...

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US Army asks for Long Range Precision Munition candidates for ‘Shoot-Off’ in 2022

The US Army is looking for manufacturers to put forward potential Long Range Precision Munition candidates for a “Shoot-Off” demonstration planned for the fourth quarter of fiscal year 2022. The US Army is looking for manufacturers to put forward potential...

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EuroAtlantic’s first 787 to be former Aeromexico jet

Portuguese wet-lease specialist EuroAtlantic Airways has identified a former Aeromexico Boeing 787-8 as the first example of the twinjet to be introduced to its fleet. EuroAtlantic had disclosed last year that it planned to acquire two used 787s for 2021,...

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Boeing and Safran freeze APU joint venture as Initium fails to start

Boeing and Safran have frozen their Initium Aerospace auxiliary power unit (APU) joint venture, citing the dire state of the commercial aircraft market. Boeing and Safran have frozen their Initium Aerospace auxiliary power unit (APU) joint venture, citing the dire...

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