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January 17, 2020

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Aerospace and defense industry

CNBC Business

Boeing expected to take another big, ugly charge on 737 Max crisis

CNBC
by CNBC03
CNBC – For more and to sign up click here A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners. The news isn’t going to be so rosy on its fourth-quarter earnings call......
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CNBC Business

Aerion’s AS2 silent supersonic jet aims to fly by 2024

CNBC
by CNBC07
CNBC – For more and to sign up click here NEW YORK CITY – Supersonic air travel is only a few years from returning if a small U.S. company succeeds in developing its next-generation jet. Nevada-based Aerion expects to begin flying its AS2 supersonic jet by 2024, the company’s CEO......
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CNBC Business

Southwest pulls Boeing 737 Max until June

CNBC
by CNBC06
CNBC – For more and to sign up click here A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California Reuters/Mike Blake Southwest Airlines on Thursday said it doesn’t expect the Boeing 737 Max to be included in its flight......
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CNBC Business

Qasem Soleimani killing was a ‘wake-up call’ to Tehran: Prince Turki

CNBC
by CNBC05
CNBC – For more and to sign up click here The U.S. airstrike that killed Iran’s top commander showed Tehran that it can’t get away with its provocations, but won’t stop the country from continuing with its agenda, a former chief of Saudi intelligence told CNBC. “The taking out of......
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CNBC Business

Delta pilots that dumped fuel on Los Angeles didn’t tell controllers

CNBC
by CNBC04
CNBC – For more and to sign up click here A Delta Air Lines Boeing 777 James D. Morgan | Getty Images The pilots of a Delta Air Lines flight did not notify authorities before dumping fuel on a populated part of Los Angeles, including several elementary schools, when it......
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CNBC Business

Boeing’s new CEO greeted with downgrade warning, lawmaker criticism

CNBC
by CNBC03
CNBC – For more and to sign up click here Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO Dave Calhoun had a challenging first day running the company — a debt downgrade warning and outcries from lawmakers over his potential bonus. The decade-long Boeing board member......
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CNBC Business

Delta (DAL) earnings Q4 2019

CNBC
by CNBC05
CNBC – For more and to sign up click here A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines‘ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets —......
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CNBC Business

New Boeing chief executive takes over with the 737 Max crisis unresolved

CNBC
by CNBC05
CNBC – For more and to sign up click here Boeing’s new Chief Executive David Calhoun assumes the job Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 Max planes that killed 346 people in five months and led to the model’s worldwide grounding in......
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CNBC Business

FAA proposes Boeing $5.4 million-fine for defective 737 Max parts

CNBC
by CNBC07
CNBC – For more and to sign up click here The Federal Aviation Administration is seeking a $5.4-million fine against Boeing for faulty wing parts on dozens of 737 Max planes. The planes have been grounded worldwide since March after two fatal crashes, but FAA’s proposed penalty does not refer......
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CNBC Business

Trump ‘prevailed’ in the US-Iran tension this week: Ex-US ambassador

CNBC
by CNBC06
CNBC – For more and to sign up click here US President Donald Trump arrives for a “Keep America Great” campaign rally at Huntington Center in Toledo, Ohio, on January 9, 2020. SAUL LOEB | AFP | Getty Images President Donald Trump scored a “modest win” this week in the......
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CNBC Business

Iran denies missile downed plane, calls for data

CNBC
by CNBC07
CNBC – For more and to sign up click here Rescue teams work amidst debris after a Ukrainian plane carrying 176 passengers crashed near Imam Khomeini airport in the Iranian capital Tehran early in the morning on January 8, 2020, killing everyone on board. AFP | Getty Images Iran has......
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CNBC Business

Boeing releases communications on 737 MAX simulators it calls ‘completely unacceptable’

CNBC
by CNBC09
CNBC – For more and to sign up click here Aerial photo showing Boeing 737 Max airplanes parked at Boeing Field in Seattle, Washington, October 20, 2019. Gary He | Reuters Boeing late Thursday released redacted versions of communications tied to the development of simulators used in the development of......
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CNBC Business

US to join probe of Ukraine-bound plane crash, Iranian official says

CNBC
by CNBC010
CNBC – For more and to sign up click here Rescue workers and forensic investigators inspect the bodies of victims of a Ukrainian plane crash. airport, killing all onboard. Mahmoud Hosseini | picture alliance | Getty Images Iran has formally invited the U.S. National Transportation Safety Board to take part......
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CNBC Business

Here’s what we know about Flight 752

CNBC
by CNBC07
CNBC – For more and to sign up click here A colleague of one of the flight crew members of the Ukrainian 737-800 plane that crashed on the outskirts of Tehran, lights candles at a memorial inside Borispil international airport outside Kyiv, Ukraine, Wednesday, Jan. 8, 2020. Efrem Lukatsky |......
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CNBC Business

Boeing recommends simulator training for 737 Max pilots, posing additional delays

CNBC
by CNBC07
CNBC – For more and to sign up click here A Boeing employees works outside of the cockpit of a Boeing 737 MAX 8 airplane in the company’s factory, on March 27, 2019 in Renton, Washington. Stephen Brashear | Getty Images Boeing on Tuesday recommended pilots of the 737 Max......
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CNBC Business

Boeing reassigns thousands of 737 Max workers while supplier Spirit mulls layoffs

CNBC
by CNBC05
CNBC – For more and to sign up click here A worker inspects a Boeing 737 MAX aircraft at Boeing’s Renton Factory on October 20, 2019 in Renton, Washington. Photo by Gary He/Getty Images Boeing told employees Monday that it will reassign about 3,000 workers who produce the 737 Max......
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CNBC Business

American Airlines reaches deal with Boeing over 737 Max grounding, will share $30 million with employees

CNBC
by CNBC04
CNBC – For more and to sign up click here Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019. Patrick T. Fallon | Bloomberg......
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CNBC Business

Japan’s NHK apologizes for erroneous North Korean ‘Christmas gift’ news

CNBC
by CNBC09
Japanese public broadcaster NHK on Friday sent a news bulletin that incorrectly reported North Korea had launched a missile that fell into waters east of the Japanese archipelago, issuing an apology hours later explaining it was a media training alert. Source link: Click here for more...
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CNBC Business

US airlines are set for a 10th year of profits. More than 120,000 employees want a raise

CNBC
by CNBC016
Airlines next year are negotiating contracts with unions representing more than 120,000 workers. Source link: Click here for more...
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CNBC Business

Union divide puts Elizabeth Warren in a bind over USMCA vote as she seeks labor backing

CNBC
by CNBC014
Unions that represent workers from companies such as Boeing and Ford have expressed reservations about Trump’s new North American trade pact, even though the AFL-CIO favors it. Source link: Click here for more...
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