Morningstar DBRS sheds light on the renewed safety concerns enveloping Boeing, which are poised to significantly impact the aviation giant’s operational capabilities, including its ability to maintain timely aircraft deliveries. This situation presents substantial implications for the airline industry, potentially affecting growth plans, operational schedules, airfare pricing, and the ambitious decarbonization targets set by many
GE Aerospace (NYSE: GE) officially launched as an independent public company on April 2, 2024, following the completion of the GE Vernova spin-off. The company will trade on the New York Stock Exchange under the ticker “GE”, with GE Aerospace and GE Vernova ringing the opening bell together at the NYSE. GE Aerospace Chairman and
China Petroleum & Chemical Corporation (Sinopec) and TotalEnergies have signed a heads of agreement (HoA) in Beijing to establish a joint venture for the production of sustainable aviation fuel (SAF) from waste oils at one of Sinopec’s refineries. The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line
Wagner Corporation’s $550 million Wellcamp Aerospace and Defence Precinct in Toowoomba, west of Brisbane, has taken a major step forward as a global hub for advanced manufacturing with the groundbreaking ceremony for Boeing’s new production facility. The sod was turned today on the 9,000sqm facility that will anchor the precinct, where Boeing will manufacture its
Air Canada has announced the successful closing of U.S.$2.15 billion senior secured credit facilities, comprising a U.S.$1.175 billion term loan B maturing in 2031 and a U.S.$975 million revolving credit facility maturing in 2029. The proceeds from the term loan, along with U.S.$1.09 1.09 billion from Air Canada′s balance sheet, will be used to refinance
Colorado-based company Radia has announced plans to design, build, and operate the world’s largest aircraft, called WindRunner™, to enable the deployment of the largest and most efficient wind turbines to locations currently inaccessible at a scale and speed previously impossible. The aircraft will be able to fly large turbine blades and other components directly to
