It has been a year since the first reported case of Covid19 and resent news of vaccines progress has brought up positive outlook on upcoming months. Some of the major Pharmaceutical companies such as Pfizer and AstraZeneca among others, have announced major break-throughs in their developments. These news bring a lot of joy for many
Read MoreCEO cites pilot shortage as one of the airline’s problems. The 350 pilots and other employees of St. Louis-based Trans States Airlines have been on the edge of their seats following announcements last year, such as the cancellation of the company’s order for 50 Mitsubishi regional jets because of scope-clause concerns, or that sister company
Read MoreWhile 2019 sales went down, 2020 is off to a strong start. Despite steady sales in the last part of 2019 and into 2020, total deliveries at Robinson Helicopter Company fell to 196 units for the year. This is a decline from 2018 and 2017 sales, which showed strong growth in 2017 and remained there
Read MoreThe Brazilian company reports $77M net loss in earnings call. In an earnings call this week, Embraer (NYSE:ERJ) reported a 3Q19 net loss of $77.2 million, results that were impacted by separation costs of $34.8 million related to the carve out of their commercial aviation business in a deal with Boeing. Embraer reported an adjusted
Read MoreThe Longitude received the most robust testing of a Cessna Citation to date. Textron Aviation, parent company of Cessna Aircraft, said yesterday that its new super-midsize business jet, the Citation Longitude, has received its type certification from the FAA. Agency type certification paves the way for deliveries of the new airplane to begin. The Longitude’s
Read MoreGlobal investment firm The Carlyle Group has completed the acquisition of Forgital, for approximately €1 billion. Forgital is an Italian-based manufacturing company producing large forged and machined components for use in the aerospace and industrial sector. Equity for the transaction will come from Carlyle Europe Partners V, a European-focused upper-mid market buyout fund and Carlyle Partners VII, a
Read MoreBoeing has signed a new contract with the US Air Force (USAF) worth $999 million to maintain A-10 Thunderbolt II sustainment work under an Indefinite Delivery/Indefinite Quantity (IDIQ) contract award. The contract will cover the production of a maximum of 112 wing sets and spare kits. The USAF ordered 27 wing sets immediately at contract
Read MoreThe initial U.S. customer delivery marks a milestone for the jet. Gulfstream Aerospace delivered its first G600 business jet to a U.S. customer from its facility in Savannah, Georgia, on August 8, 2019. The initial delivery marks an important milestone for the program, just one month after the FAA granted the aircraft’s type and production
Read MoreActive winglet airplanes returned to flying status. On July 10, the FAA approved an alternative method of compliance (AMOC) for all Active Winglet equipped Citation jets, which returned CJ1, CJ2, CJ3 and M2 aircraft to flying status. EASA regulators also recently resolved flight restriction issues in Europe created around the recent Emergency Airworthiness Directive (EAD)
Read MoreBritish Airways is facing a record fine of £183 million in relation to last year’s breach of its security systems. “We are surprised and disappointed in this initial finding from the ICO. British Airways responded quickly to a criminal act to steal customers’ data,” British Airways chairman and chief executive officer Alex Cruz, said. “We
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