GE Aerospace to Buy Castings Supplier CPP for $11.75 Billion
GE Aerospace said Tuesday it will acquire aerospace castings supplier Consolidated Precision Products (CPP) from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will give GE greater control over a...
Boeing Pays $3.1 Million FAA Fine Over Widespread Safety Violations
Boeing has paid a $3.1 million fine to the U.S. Federal Aviation Administration (FAA) over a series of safety violations, including conduct connected to the January 2024 Alaska Airlines 737 MAX 9 mid-air emergency....
Boeing Posts Bigger Q2 Loss Despite Positive Cash Flow
Boeing reported a larger-than-expected loss for the second quarter after taking a $280 million charge tied to its delayed Air Force One replacement program. The company posted a net loss of $428 million, with...
Honeywell Expands ITAR-Free Defense Technology for Europe
Honeywell Aerospace is expanding its portfolio of ITAR-free defense technologies to meet growing demand from European nations seeking to reduce reliance on U.S. export-controlled components. The company is expected to unveil a new ITAR-free...
Congress Key to $2.5 Billion Airline Aid Request Amid Fuel Price Surge
U.S. Transportation Secretary Sean Duffy said Congress would need to play a central role in any move to grant $2.5 billion in government aid requested by budget airlines grappling with soaring jet fuel costs...
ULCCs Face Profit Pressure Despite Fuel-Efficient Fleets Amid Rising Costs
Ultra-low-cost carriers (ULCCs) in the United States, known for operating some of the newest and most fuel-efficient aircraft, are facing growing financial pressure as macroeconomic uncertainty and surging fuel prices threaten profitability. While airlines...
Air travel chaos looms as US keeps 5G altimeter refit deadline
The US government will not delay the July 1 deadline for airlines to retrofit their planes with new sensors to address potential interference from 5G technology. Despite concerns raised by airlines, Transport Secretary Pete...