Bombardier Inc said on Thursday it would halt Learjet aircraft production and slash about 1,600 jobs this year as it becomes a pure-play business jet maker, after reporting an adjusted loss before interest and taxes for the fourth quarter due to the coronavirus pandemic.
Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
U.S. aerospace manufacturer Raytheon Technologies Corp reported better than expected quarterly profit and sales Tuesday but forecast lower than expected 2021 revenue amid a slow global economic environment triggered by disruptions from the COVID-19 pandemic.
By Reuters Staff
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FILE PHOTO: A British Airways Boeing 747 G-CIVD leaves London Heathrow airport on it s final flight, the first of 31 jumbo jets to be retired early by the airline due to the coronavirus disease (COVID-19) pandemic, in London, Britain August 18, 2020. REUTERS/John Sibley/File Photo
LONDON (Reuters) - Britain’s airlines, airports and aviation manufacturers pleaded for immediate financial support from the government and a longer-term recovery plan after COVID-19 stopped travel and new testing requirements dashed bounce-back hopes.
Three trade bodies said they wrote to British Prime Minister Boris Johnson on Wednesday to ask for a package of measures including temporarily suspending business rates and a tax on flying, extra loans for airlines and access to funds for the aerospace supply chain.
Alexander Cornwell
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DUBAI, Jan 13 (Reuters) - Emirates Airline President Tim Clark on Wednesday said Boeing Co’s 777X might not enter into service with airlines until 2023 or even later, amid uncertainty over the development timeline of Boeing’s biggest twin-engine jet and when it will be certified.
Boeing has been developing the widebody jet, a new version of its popular 777 aircraft, with the goal of releasing it in 2022, already two years later than planned.
The 777X will be the first major jet to be certified since software flaws in two Boeing 737 MAX planes caused fatal crashes and prompted accusations of cozy relations between the company and the U.S. Federal Aviation Administration (FAA).