Aerospace and defense industry
Airplane engines are in short supply. The business of fixing older ones is booming
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It’s all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and overhauls of their engines. The […]
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Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
CEO of Swedish defence and security company Saab, Micael Johansson, speaks during the presentation of Saab’s interim report on February 9, 2024 in Stockholm. Jessica Gow | Afp | Getty Images Russia’s ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to […]
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SpaceX Falcon 9 may resume flights while FAA probe underway
A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule sits on Launch Complex 39A at Kennedy Space Center ahead of the Polaris Dawn Mission in Cape Canaveral, Florida, on August 28, 2024. Chandan Khanna | AFP | Getty Images The SpaceX Falcon 9 vehicle may return to flight operations while the overall investigation of the anomaly […]
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Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Gary Hershorn | Corbis News | Getty Images Airlines that spent years clamoring for new jets are changing their tune. Cash-strapped, low-cost and deep discounter airlines are putting off […]
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Chinese military’s airspace violation is utterly unacceptable, Japan says
Japan’s defense ministry said it had scrambled jets against a Chinese reconnaissance aircraft that had briefly breached its airspace on Monday morning. Wong Yu Liang | Moment | Getty Images The violation of Japan’s airspace by a Chinese military aircraft is “utterly unacceptable,” the top Japanese government spokesperson said on Tuesday, a day after Japan […]
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Boeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA Boeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it delivered to orbit in early June, the agency announced on Saturday. With Starliner coming back to […]
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Delta chief operations officer departing for another company after just over a year on the job
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024. Andrew Harnik | Getty Images Delta Air Lines‘ chief operating officer is leaving at the end of the month, the company said in a securities filing on Friday. CEO Ed Bastian said in an employee memo that Chief […]
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Mynaric stock tanks after space lasers company slashes revenue guidance, announces CFO departure
A rendering of the company’s laser communications system on satellites in orbit. Mynaric Space stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company’s chief financial officer. Germany-based Mynaric slashed its 2024 revenue guidance nearly 70% at the midpoint, cutting its previous […]
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Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Alaska Airlines said that its plan to acquire Hawaiian Airlines has cleared the U.S. Justice Department after the period for antitrust […]
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Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Jason Alden | Bloomberg | Getty Images Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the […]
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