Boeing losses narrow as boss says recovery is working Transport and infrastructure Boeing’s net losses narrowed in the first quarter of the year in an early sign the US planemaker may turn a corner this year. The firm reported a net loss of $31m (£23.3m) in the three months ended March, down from $355m the year prior. Core losses per share came in at ¢49, well ahead [...]
China halts Boeing deliveries as trade war intensifies Business China has instructed its airlines to stop taking deliveries from Boeing, in the latest twist in the country’s fast-moving trade war with the US. Sources familiar with the matter told Bloomberg that officials had also requested Chinese carriers halt purchases of any aircraft-related equipment and parts from US companies. Donald Trump has imposed tariffs as [...]
UK to land Europe’s first rover on Mars Tech Airbus UK has secured a £150m contract to engineer the landing platform for Europe’s first Mars rover. The Rosalind Franklin rover, which was built entirely in Stevenage, is scheduled to launch in 2028 and touch down on the red planet in 2030, marking a major milestone in European space exploration. The mission, led by European [...]
Boeing suffers second-biggest yearly loss in its history January 28, 2025 Boeing has reported its second-largest annual loss on record after one of the most turbulent 12-month periods in its history. The US planemaker reported an annual net loss of $11.8bn (£9.5bn) on Tuesday and burned through some $14.3bn in free cash. Revenue also fell 14 per cent to $66.5bn, while deliveries from its commercial airplanes [...]
London City Airport targets leisure travel with bid for A320neo January 27, 2025 London City Airport has submitted an application to Britain’s aviation regulator to enable flights using Airbus’s A320neo aircraft, it revealed on Monday. The Newham-based hub said it sees the introduction of the A320neo as “key to building its leisure offering,” given the aircraft can carry over 180 passengers and travel over 1,000km. London City has [...]
Boeing delivered a third fewer planes in its annus horribilis January 13, 2025 Boeing delivered a third fewer planes in 2024 as the embattled planemaker endured one of the worst years in its history. The US giant handed over 348 commercial airplanes over the 12 months, down from 528 the prior year and the lowest tally since the pandemic. Its rival Airbus gave 766 to its airline and [...]
Airlines battle for a slice of the Arctic – who stands to gain? December 10, 2024 Demand for Arctic travel is booming, driven by attractions such as the Northern Lights. Who stands to gain?
Boeing set for crunch vote in strike dispute November 3, 2024 The International Association of Machinists and Aerospace Workers, which represents over 30,000 Boeing staff, will hold a ballot on Monday.
Boeing plans to raise £27bn amid concerns of future bankruptcy October 15, 2024 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 October 9, 2024 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.