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Breaking News - From Avmark Newsletter
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FAA Proposes $3.9 Million Penalty Against Boeing for Using Defective Plane Parts
Agency contends plane maker knowingly certified some 130 Boeing 737 jets despite installing suspect parts. The proposed penalty doesn’t apply to any 737 MAX models, the latest version of Boeing’s best-selling workhorse jets that has been grounded for...
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Controlling the Comfort of Your Airplane Seat—From Your Phone
Partnered up with Airbus, an innovative London design firm is fine-tuning app-controlled seats you can adjust on your smartphone Four years ago, the London-based industrial designer Benjamin Hubert quietly closed down his namesake practice. “I kept...
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Boeing Chairman Backs Embattled CEO Dennis Muilenburg
Muilenburg won’t receive bonus compensation this year or stock grants until 737 MAX is flying again Boeing Co. ’s newly installed chairman backed embattled Chief Executive Officer Dennis Muilenburg on Tuesday, while acknowledging a series of...
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Airbus to Expand Production in China, Putting Further Pressure on Boeing
European plane maker’s move comes as U.S. rival grapples with trade tensions, MAX grounding Airbus SE EADSY 0.60% plans to boost jetliner production in China, bolstering its position in what is set to be the world’s biggest aviation market and...
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Rolls-Royce Warns of Further Hit From Trent Issues
Rolls-Royce Holdings PLC (RR.LN) on Thursday warned of a further earnings and cash-flow hit on the back of issues in its troubled Trent 1000 engines, as the company expects to book a charge of 1.4 billion pounds ($1.80 billion). The British...