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January 20, 2021

Aerospace and defense industry

SpaceX bought two former Valaris oil rigs to build floating launchpads for its Starship rocket

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CNBC – For more and to sign up click here An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port......

Flight attendants play ‘babysitter for adults’ as bad behavior onboard spikes; FAA threatens hefty fines

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CNBC – For more and to sign up click here A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020. Carlo Allegri | Reuters Cursing at flight attendants. Harassing lawmakers. Refusing to wear masks. Tensions are......

Trump preparing to lift Europe, UK, Brazil Covid-19 travel restrictions Jan. 26

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CNBC – For more and to sign up click here A traveler exits a testing center at Heathrow Airport on January 17, 2021 in London. Hollie Adams | Getty Images News | Getty Images The Trump administration is planning to lift Covid-19 travel restrictions on most foreign visitors from Europe,......

Richard Branson’s Virgin Orbit successfully blasts satellites into space after failed first attempt

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CNBC – For more and to sign up click here Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters......

TSA weighs barring hundreds from flights, steps up security before inauguration

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CNBC – For more and to sign up click here A TSA officer checks a man’s ID at a screening checkpoint at Orlando International Airport. Paul Hennessy | SOPA Images | Getty Images The Transportation Security Administration on Friday said it is assessing hundreds of people to determine whether they......

Airlines ban DC-bound travelers from checking firearms ahead of inauguration

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CNBC – For more and to sign up click here Most major U.S. airlines on Thursday said they will prohibit passengers flying to major airports serving the Washington, D.C., to check firearms, further tightening security ahead of President-elect Joe Biden‘s inauguration. Delta Air Lines, Alaska Airlines, United Airlines, American Airlines,......

Delta halves cash burn in the fourth quarter, narrows losses to cap worst year ever

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CNBC – For more and to sign up click here A Delta Air Lines plane lands at Los Angeles International Airport Mario Tama | Getty Images Delta Air Lines halved its cash burn and narrowed its losses in the fourth quarter as the coronavirus pandemic drove the carrier to its......

Cathie Wood’s ARK Invest plans ‘ARKX’ space exploration ETF to tap the growing industry

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CNBC – For more and to sign up click here Virgin Galactic’s spacecraft Unity reaches space for the first time. Source: Virgin Galactic Ark Invest, which operates the largest actively managed exchange-traded fund, plans to add a “Space Exploration ETF” under the ticker ARKX, according to a securities filing on......

Airlines, airports beef up security ahead of Biden inauguration

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CNBC – For more and to sign up click here A person walks at Reagan National Airport ahead of the Thanksgiving holiday in Arlington, U.S. November 25, 2020. Hannah McKay | Reuters Airlines and airports are stepping up security ahead of President-elect Joe Biden‘s inauguration next week. The measures come......

Boeing’s 2020 aircraft cancellations worst on record, despite December Max orders

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CNBC – For more and to sign up click here Boeing had its worst year for net aircraft sales on record in 2020 as the coronavirus pandemic added to the company’s woes, but more interest for its beleaguered 737 Max planes cropped up at the end of the year. The......

Key House Democrats urge FAA to crack down on unruly travelers, rioters ahead of Biden’s inauguration

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CNBC – For more and to sign up click here People walk at Reagan National Airport in Arlington, Virginia. Hannah McKay | Reuters Two key House Democrats on Monday urged the Federal Aviation Administration to crack down on unruly travelers and ensure that participants in last week’s riot at the......

FAA chief issues stern warning to travelers after politically motived flight disruptions

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CNBC – For more and to sign up click here A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020. Carlo Allegri | Reuters The head of the Federal Aviation Administration on Saturday said travelers will......

Boeing charged with criminal conspiracy and fined $2.5 billion over 737 Max coverup

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CNBC – For more and to sign up click here An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton, Washington, U.S. December 16, 2019. Lindsey Wasson | Reuters Boeing agreed to pay more than $2.5 billion to settle criminal charges with the......

Flight attendant union wants pro-Trump rioters barred from flights

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CNBC – For more and to sign up click here A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020. Carlo Allegri | Reuters The country’s largest flight attendant unions on Wednesday expressed safety concerns over......

Amazon buys Boeing jets from Delta, WestJet as aircraft prices drop

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CNBC – For more and to sign up click here A wide body aircraft emblazoned with Amazon’s Prime logo lands at Lehigh Valley International Airport in Allentown, Pennsylvania, U.S. December 20, 2016. Picture taken December 20, 2016. To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark Makela REUTERS/Mark Makela Amazon said Tuesday it’s buying 11......

U.S. airline 2020 losses expected to top $35 billion in dismal Covid pandemic

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CNBC – For more and to sign up click here Decommissioned and suspended commercial aircrafts are seen stored in Pinal Airpark on May 16, 2020 in Marana, Arizona. Christian Petersen | Getty Images News | Getty Images The Covid-19 pandemic has been brutal for U.S. airlines and significant relief isn’t......

‘Erdogan should be very, very worried’: What the Biden presidency means for Turkey

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CNBC – For more and to sign up click here President Donald Trump (L) welcomes President Recep Tayyip Erdogan (R) of Turkey outside the West Wing of the White House May 16, 2017 in Washington, DC. Getty Images Tensions between the U.S. and Turkey have been mounting for a while.  ......

American Airlines expects to fly less than half of 2019 schedule through February as virus spreads

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CNBC – For more and to sign up click here American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines expects the impact of the coronavirus......

Boeing 737 Max set to return to U.S. skies after crashes

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CNBC – For more and to sign up click here An American Airlines Boeing 737 MAX airplane takes off on a test flight from Dallas-Fort Worth International Airport in Dallas, Texas, on December 2, 2020. Cooper Neill | AFP | Getty Images MIAMI — American Airlines on Tuesday is set......

Air Canada Boeing 737 Max ferry flight diverts after engine issue

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CNBC – For more and to sign up click here An Air Canada Boeing 737 MAX 8 aircraft is being towed in as another Air Canada Boeing 737 MAX 8 aircraft is seen on the ground at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. Chris Helgren......

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