Company News

Southwest Airlines announced it would slow hiring and cease operations at four airports as part of cost-cutting measures following a disappointing first-quarter performance. Despite reporting a first-quarter revenue of $6.3 billion, the low-cost carrier incurred a loss of $231 million in the first quarter of 2024, surpassing the $159 million loss it took in the […]

Boeing released its first-quarter results on Wednesday, citing a net loss of $355 million. Although substantial, the numbers were better than analysts had expected—especially in the midst of management shakeups, whistleblower claims and ongoing production delays. The company’s reputation has taken a hit since the Jan. 5 midair door plug blowout, which led to the […]

Ryanair’s CEO has some advice for Boeing, and it flies in the face of a lot of the analysis blaming the company’s woes on its shift to a cost-cutting, stock dividend-oriented business. “The best CEOs and owners are the accountants, the people who do the boring, repetitive, day-to-day delivery, and that’s what you need,” Michael […]

Robinson Helicopters is expanding and diversifying with the acquisition of Ascent Aerosystems, a maker of coaxial drones used in industrial, public safety and defense applications. Ascent, based in Wilmington, Massachusetts, is now a wholly owned subsidiary of Robinson, which makes its popular line of light helicopters in Torrance, California. In a news release, Robinson said […]

The bankruptcy consultant helping Van’s Aircraft says he’s confident the company will emerge from Chapter 11 and resume profitability. Clyde Hamstreet, of Hamstreet and Associates, said in a video update hosted by Van’s that almost 85% of customers with deposits on kits and parts stuck with the company after its bombshell announcement late last year […]

After a year of negotiations, NetJets pilots have overwhelmingly agreed to a revised contract. As first reported by Private Jet Card Comparison, the results were disclosed by the NetJets Association of Shared Airline Pilots (NJASAP) Executive Board, citing “record-breaking participation” with 98% of members voting on the Tentative Agreement. Pilots decisively approved the ratification with […]

As expected, the increased scrutiny of Boeing by the FAA and the company’s own internal quality checks have bogged down production and that will have a cascading effect on airlines waiting for new planes. Boeing is authorized by the FAA to make up to 38 new 737 MAX aircraft, but Reuters said it’s making only […]

Gulfstream Aerospace announced March 29 it has earned FAA certification of its G700 business jet, marking the beginning of customer deliveries.   The certification makes the G700 the largest business aircraft that Gulfstream has ever made and the fastest that it has certified. According to Gulfstream, the certification comes with two new performance improvements—a takeoff […]

Boeing, on behalf of its subsidiary Aurora Flight Sciences, filed a lawsuit against Virgin Galactic for alleged unpaid bills and misappropriation of proprietary trade secrets. According to the March 21 filing, as reported by Spacenews.com, Mojave, California-based Virgin Galactic contracted with Aurora in July 2022 to design and build two new “mothership” aircraft designed to […]

Boeing is cleaning house at the top with its top executives leaving the company by the end of this year. CEO Dave Calhoun announced his retirement effective at the end of 2024 and Chairman of the Board Larry Kellner is not running for reelection at the annual meeting in May. Stan Deal, CEO of the […]