Company News

Spirit Airlines is trying to convince customers (and future customers) that its bankruptcy filing is actually a good thing and that they should continue to book flights. The long-expected application for creditor protection happened early Monday in New York and the airline pitched it as a way to “reduce our total debt, provide increased financial […]

On Wednesday, Boeing announced it would begin issuing layoff notices to its employees as part of its plan to trim 17,000 jobs or 10% of its global workforce. According to Reuters, U.S. employees receiving layoff notices this week will remain on Boeing’s payroll until January, in compliance with federal regulations requiring a 60-day notice before […]

More than 97% of Allegiant Airlines’ 1,300 pilots have authorized their union to hold a strike vote even though the airline has offered them a 70% pay hike over the next five years. Teamsters Local 2118 said the increase isn’t enough to bring Allegiant pilots to the levels they need. “Allegiant pilots are some of […]

Arkansas-based Game Composites announced plans to produce a next-generation single-engine air tanker known as the GB2 Stormbird. In a recent press release, Game Composites described the GB2 Stormbird as an all-composite, two-seat, low-wing aircraft designed explicitly for aerial firefighting. The GB2 is engineered to carry up to 1,200 gallons of fire retardant and reach speeds […]

Boeing production workers voted 59% to accept the company’s offer of a 38% pay increase over the next four years plus an immediate $12,000 signing bonus. Acceptance ends a six-week strike that was straining Boeing’s balance sheet and delaying aircraft deliveries. “This is a victory. We can hold our heads high,” said Jon Holden, head […]

Air Canada has taken the unprecedented step of pulling a couple of retired airliners out of the desert to meet increasing travel demand both domestically and internationally. Airline officials told investors last week that two Boeing 767-300ERs will rejoin the fleet temporarily while it waits for delivery of new aircraft. The two-aisle Boeings are about […]

Boeing CEO Kelly Ortberg has warned striking factory workers to accept its latest offer or the next deal it offers will be less generous. The company and negotiators for the International Association of Machinists reached a tentative deal based on a 38% wage increase and a 1% cut on employee health insurance contributions. The membership […]

Swiss manufacturer Pilatus Aircraft said its PC-12 has emerged as the most frequently flown business aircraft in the USA over the past year. Dubbed the “World’s Greatest Single,” the PC-12 recorded 316,328 takeoffs, representing 8.8% of all business aviation departures in the U.S., as reported by aviation analytics specialist WingX Advance. According to Pilatus, roughly […]

Cash-strapped Boeing is looking to raise $19 billion in a stock offering to relieve its liquidity issues and blunt the effects of a prolonged strike by production workers. The company is offering 90 million common shares and $5 billion in depositary shares to make ends meet. It says it intends to use the money for […]

On Wednesday, Boeing workers voted against a new labor agreement, prolonging their six-week strike as the company continues to grapple with financial losses.   According to the Wall Street Journal, members of the machinist union voted 64% against a proposed contract that would have delivered a 35% wage increase over four years. However, union workers […]