Boeing plans to raise £27bn amid concerns of future bankruptcy Business Embattled US planemaker Boeing has announced plans to raise as much as $35bn (£26.8bn) through a credit agreement and share sale to boost its balance sheet as it battles a string of crises.
Boeing strike set to drag on after talks with union collapse Business Boeing said it had removed an offer which would have increased pay for its rank-and-file machinists by nearly a third over the next three years.
Boeing deliveries fall as strikes impact output Business Boeing said on Tuesday it had delivered 33 planes in September, down from 40 in August, as it grapples with the impact of ongoing strikes.
Senior shares tumble as lower Boeing and Airbus output triggers profit warning October 8, 2024 Shares in FTSE 250 aerospace parts supplier Senior tumbled on Tuesday after the firm warned on earnings and revealed cost-cutting measures in response to lower output at Boeing and Airbus.
Aircraft orders still lagging behind despite UK airlines hitting 2024 high August 23, 2024 The number of aircrafts being ordered by UK airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues. Some 131 orders were placed over the month, outpacing every other month in 2024 and representing the largest July delivery rate on [...]
Doric Nimrod Air Two: Guernsey-based fund makes £153m plane sale to Emirates August 21, 2024 Doric Nimrod Air Two has sold off five more planes to Emirates for £30.7m per plane after it sold two other plans to the company last year. The Guernsey closed-end fund will cash out of its five Airbus A380-861 that it bought in 2011, the fund said in a stock exchange announcement today. Over the last 12 [...]
Airbus earnings plunge as space unit hit by £833m charge July 30, 2024 The French manufacturer said its embattled space unit had received "significant" charges of €989m, higher than previously forecast last month.
Airbus chief: Starmer should press ahead with Heathrow third runway July 28, 2024 The boss of Airbus has backed building Heathrow’s third runway, as the new government moots whether to put its weight behind the controversial proposals. Heathrow’s chief executive warned last week the airport wouldn’t be able to meet rising demand for travel without expanding capacity. The UK’s busiest hub reported record traffic in the first half [...]
Virgin Atlantic buys seven new planes from ‘main dance partner’ Airbus as it targets return to profit July 23, 2024 Virgin Atlantic has ordered seven new plans as it looks to complete its multibillion-dollar fleet transformation and return to the black.
Boeing expects 787 suppliers to catch up by year’s end July 20, 2024 Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month.