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...The US’s defence and aerospace industries seem to be having an extremely Normal Week....
Acquisition might please regulators but would strain jet maker’s liquidity and efficiency measures
...The airline said it was waiting for final documentation from Boeing and the US Federal Aviation Administration to begin formal inspections....
...While the deal would give Boeing the opportunity to fix Spirit’s problems, he added the US aerospace giant “has its own issues and has hardly covered itself with glory when it comes to execution of late”...
Loss of air pressure → Lots of cash pressure
...“Aerospace is vital to Northern Ireland — these are high-tech, high-value exports.”...
...Spirit used to be Boeing Wichita, located in the heart of Kansas’s aerospace hub and the state’s largest private employer....
...US airline chief executives expressed frustration over Boeing’s quality issues, as they revealed the extent of the cost impact and delivery delays from the fuselage blowout on an Alaska Airlines flight earlier...
...The emergency directive from the US Federal Aviation Administration affects about 171 jets worldwide....
...The aerospace group said in a statement on Saturday that it supported the temporary grounding. “Safety is our top priority,” Boeing said....
...The three US carriers fly the majority of the 380 aircraft understood to have the door plug affected by the recommendation....
...A 737 Max jet left a Boeing factory missing four bolts designed to secure a door panel that blew off in mid-flight last month, according to a preliminary report by a US regulator....
...The US Federal Aviation Administration grounded 171 Boeing 737 Max 9s on Saturday....
...The company has even struggled with its prestige project, the jet that carries the US president, Air Force One....
...The board named Patrick Shanahan, the former acting US secretary of defence who worked for three decades at Boeing, as interim head of the company....
...The bosses of two US airlines have vented their anger at Boeing over its manufacturing problems, increasing the pressure on the plane maker’s senior leadership....
...Ryanair has doubled the number of its engineers overseeing Boeing’s production lines following the manufacturing problems that have plagued the US plane maker....
...Its Istanbul-listed shares have risen 16 per cent this year in US dollar terms, ahead of the broader stock market, according to FactSet data....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...The drone is made by General Atomics of the US and has a wingspan of 24 metres, which is bigger than most business jets....
...Case studies cited in the CPA report highlight Vanguard’s role in channelling US clients’ money into subsidiaries of Aviation Industry Corporation of China (Avic) and Aero Engine Corporation of China, aerospace...
...Borrowers in the US junk bond market are increasingly securing their debt against company assets, in a bid to get deals done against a backdrop of much higher borrowing costs....
.... ©2023 Nikkei Inc. All rights reserved....
...The US and the UK have for some time been keen to diversify their supplier base but their procurement processes had made it difficult for smaller groups, said Rusi’s Taylor....
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