Sources close to the matter indicate that the deal is still not agreed upon, with finer details being hashed out. If the talks are successful, the agreement should be publicly announced at some point next week.

Boeing previously stated that it intends to re-acquire Spirit AeroSystems in an all-stock deal at some point in 2025. Boeing originally sold the manufacturer in 2005 as part of a $1.2 billion deal.

Spirit AeroSystems previously disclosed that it has liquidity issues and expects to burn through large amounts of money in the near future. It projects it will go through $450 million to $500 million in cash for the rest of 2024 and the first two quarters of 2025 alone.

Spirit AeroSystems manufactures fuselage for Boeing’s 737 and 787 models while also producing flight deck sections for the majority of Boeing’s jets. Additionally, Wichita, Kansas-based company supplies major components to European airplane maker Airbus.

Reportedly, Airbus is considering providing Spirit with cash support as well to avoid delivery delays for its A350 model.  

The post Boeing Close to Reaching a Funding Agreement With Struggling Supplier Spirit AeroSystems appeared first on theprimarymarket.com.

In addition to providing the green light for the Starship 5’s take off, the FAA also approved the mission profile of the Starship 6. Should the Starship 5 have an uncontrolled entry, it “must communicate that decision to the FAA prior to launch, the loss of the Starship vehicle will be considered a planned event, and a mishap investigation will not be required,” the FAA confirmed.

The FAA’s approval is widely welcomed by SpaceX, with founder Elon Musk previously criticizing the FAA for its proposal of a $633,000 fine against SpaceX on the grounds of launch issues.

The post SpaceX Starship 5 Flight Approved appeared first on theprimarymarket.com.

Worth $1.9 billion, Alaska’s acquisition of Hawaiian is being conducted in conjunction with the U.S. Department of Justice. Since the deal was announced near the end of last year, Alaska confirmed that they, “have been working cooperatively with the DOJ and expect to continue to do so”.

The decision to extend the review period for the acquisition is a rational move given the heavy scrutiny that mergers within the aviation industry face by U.S. courts. In a similar deal, JetBlue Airways planned a $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines. After the acquisition got underway earlier this year, a federal judge decided to block the deal, a fate that Alaska Air would likely look to avoid as it seeks to complete its merger and grow its U.S. market share.

The post Alaska Air and Hawaiian Extend Review of Proposed Deal appeared first on theprimarymarket.com.

The U.S. carrier’s second-quarter adjusted profit came in at 58 cents per share, thereby beating market estimates of 51 cents per share according to LSEG data. The airline reported a total operating revenue of $7.35 billion for the quarter, beating Wall Street estimates of $7.32 billion.

Southwest’s positive earnings update comes amid a U.S. summer travel boom, with over three million air passengers passing through U.S. airport security checkpoints on July 7. This trend has largely driven local carriers to increase seating capacity for the domestic market, thereby pouncing on the opportunity for increased passengers during this peak period.

Demand for premium seating has also risen, with local competitor Delta Air Lines reporting a double-digit increase in premium seating purchases during the second quarter. As a result, Southwest’s decision to embrace its new business model appears to have come at an opportune time. The U.S. carrier added that costs for the quarter were better than expected, thereby contributing to a bright financial outlook.

The post Southwest Airlines Beats Earnings Estimates as Summer Travel Boom Gets Underway appeared first on theprimarymarket.com.

Since the outage, Delta canceled over 5,000 flights, including 1,250 flights on Sunday and a further 305 flights cancelled on Monday. The Atlanta-based airline appears to be the heaviest affected by the outage, canceling around 44% of its total flights, with second-placed United Airlines canceling 9% of its flights on Sunday.

“In particular one of our crew tracking-related tools was affected and unable to effectively process the unprecedented number of changes triggered by the system shutdown,” Delta Air Lines CEO Ed Bastian divulged in an email to customers. He added that Delta would continue to adjust its schedule in order to prioritize customer safety. He added that Delta would work to avoid having customers being stranded at an airport for hours.

CrowdStrike confirmed that a large portion of the 8.5 million Microsoft devices that were affected by the tech outage have since been back online. It was reported that US Transportation Secretary Pete Buttigieg spoke with Bastian to remind him of Delta’s duty to affected customers.

The post Delta Struggling With Flight Cancellations Following Tech Outage appeared first on theprimarymarket.com.

A summary of a Friday press conference on the website of CAAC News revealed the winter and spring season flight plan, with 96,651 domestic flights having been scheduled per week. Since the same period last year, 7,202 new weekly flights have been introduced following the opening of 516 new domestic routes.

While international flights to and from China are slower to rise, they are also on an upward trajectory. Weekly direct flights between China and the United States are expected to rise by 48 to 70.

The post Flights in China Expected to Surge Past Pre-Pandemic Levels appeared first on theprimarymarket.com.

Chief Executive Tufan Erginbilgic stated that the company has made significant progress this year, referring to its rise in military spending and the recovery of its long-haul flying business. The company also underwent several operational improvements.

Now, the company expects to achieve a profit this year between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion). Its previous expectation was in the range of 800 million and 1 billion pounds.

“Despite a challenging external environment, notably supply chain constraints, we are starting to see the early impact of our transformation in all our divisions,” Erginbilgic commented on Wednesday.

The post Rolls-Royce Shares Jump as Company Raises Full-Year Forecast appeared first on theprimarymarket.com.

Airbus boosted its deliveries from 297 aircraft during the first six months of 2022. This year, the company is aiming to make a total of 720 deliveries

The performance of the aviation company is even more impressive considering that aerospace deliveries at large have been affected by supply chain issues while labor shortages stemming from the Covid pandemic persist.

Chief Commercial Officer Christian Scherer stated in June that while industry-wide issues continue to pose an obstacle, Airbus is beginning to experience a more “predictable” pattern in industrial economic conditions.

Airbus is set to report its first-half financial results on July 26.

The post Airbus First Half Deliveries Rise appeared first on theprimarymarket.com.

This comes after United Airlines canceled 19% of its scheduled flights after thunderstorms and equipment failures rocked operations at a U.S. Federal Aviation Administration (FAA) facility in Washington. The issue led to major delays for air passengers across the east coast of the U.S.

“While we work to control the things that are within our control, we must also do a better job of planning against the things that are outside our control so that we can be in a position to recover more quickly,” Kirby said, acknowledging the importance of contingency planning as U.S. air traffic looks bound to exceed pre-COVID levels.

In an effort to manage the boom in air travel demand, United Airlines is working with the Port Authority of New York and New Jersey to get more gates. This change would require some schedule changes on the part of the U.S. airline.

The post United Airlines Looks to Avoid Flight Disruptions Ahead of Travel Boom appeared first on theprimarymarket.com.

“It is kind of a new era,” Callaway Climate Insights Founder and Editor-in-Chief David Callaway explained. “Some are already saying it’s a bubble… But they’re riding high right now, and I think you will see them start to pay attention because they know that their customers are paying attention. They know their customers care about this stuff.”

In response to travelers’ growing awareness of climate issues, the International Air Transport Association committed to reaching zero emissions by 2050. The body consists of over 300 global airlines, including Delta, United, and JetBlue.

Still, the aviation industry does not pose a major environmental threat, making up just 1.8% of global emissions in 2021.

Despite its minimal impact, numerous nations have already been taking action to curb aviation-induced emissions, with France banning short hall flights between locations where a train route exists.

The post Airlines Expect Major Travel Changes To Reduce Emissions appeared first on theprimarymarket.com.

Sources close to the matter indicate that the deal is still not agreed upon, with finer details being hashed out. If the talks are successful, the agreement should be publicly announced at some point next week.

Boeing previously stated that it intends to re-acquire Spirit AeroSystems in an all-stock deal at some point in 2025. Boeing originally sold the manufacturer in 2005 as part of a $1.2 billion deal.

Spirit AeroSystems previously disclosed that it has liquidity issues and expects to burn through large amounts of money in the near future. It projects it will go through $450 million to $500 million in cash for the rest of 2024 and the first two quarters of 2025 alone.

Spirit AeroSystems manufactures fuselage for Boeing’s 737 and 787 models while also producing flight deck sections for the majority of Boeing’s jets. Additionally, Wichita, Kansas-based company supplies major components to European airplane maker Airbus.

Reportedly, Airbus is considering providing Spirit with cash support as well to avoid delivery delays for its A350 model.  

The post Boeing Close to Reaching a Funding Agreement With Struggling Supplier Spirit AeroSystems appeared first on theprimarymarket.com.

In addition to providing the green light for the Starship 5’s take off, the FAA also approved the mission profile of the Starship 6. Should the Starship 5 have an uncontrolled entry, it “must communicate that decision to the FAA prior to launch, the loss of the Starship vehicle will be considered a planned event, and a mishap investigation will not be required,” the FAA confirmed.

The FAA’s approval is widely welcomed by SpaceX, with founder Elon Musk previously criticizing the FAA for its proposal of a $633,000 fine against SpaceX on the grounds of launch issues.

The post SpaceX Starship 5 Flight Approved appeared first on theprimarymarket.com.

Worth $1.9 billion, Alaska’s acquisition of Hawaiian is being conducted in conjunction with the U.S. Department of Justice. Since the deal was announced near the end of last year, Alaska confirmed that they, “have been working cooperatively with the DOJ and expect to continue to do so”.

The decision to extend the review period for the acquisition is a rational move given the heavy scrutiny that mergers within the aviation industry face by U.S. courts. In a similar deal, JetBlue Airways planned a $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines. After the acquisition got underway earlier this year, a federal judge decided to block the deal, a fate that Alaska Air would likely look to avoid as it seeks to complete its merger and grow its U.S. market share.

The post Alaska Air and Hawaiian Extend Review of Proposed Deal appeared first on theprimarymarket.com.

The U.S. carrier’s second-quarter adjusted profit came in at 58 cents per share, thereby beating market estimates of 51 cents per share according to LSEG data. The airline reported a total operating revenue of $7.35 billion for the quarter, beating Wall Street estimates of $7.32 billion.

Southwest’s positive earnings update comes amid a U.S. summer travel boom, with over three million air passengers passing through U.S. airport security checkpoints on July 7. This trend has largely driven local carriers to increase seating capacity for the domestic market, thereby pouncing on the opportunity for increased passengers during this peak period.

Demand for premium seating has also risen, with local competitor Delta Air Lines reporting a double-digit increase in premium seating purchases during the second quarter. As a result, Southwest’s decision to embrace its new business model appears to have come at an opportune time. The U.S. carrier added that costs for the quarter were better than expected, thereby contributing to a bright financial outlook.

The post Southwest Airlines Beats Earnings Estimates as Summer Travel Boom Gets Underway appeared first on theprimarymarket.com.

Since the outage, Delta canceled over 5,000 flights, including 1,250 flights on Sunday and a further 305 flights cancelled on Monday. The Atlanta-based airline appears to be the heaviest affected by the outage, canceling around 44% of its total flights, with second-placed United Airlines canceling 9% of its flights on Sunday.

“In particular one of our crew tracking-related tools was affected and unable to effectively process the unprecedented number of changes triggered by the system shutdown,” Delta Air Lines CEO Ed Bastian divulged in an email to customers. He added that Delta would continue to adjust its schedule in order to prioritize customer safety. He added that Delta would work to avoid having customers being stranded at an airport for hours.

CrowdStrike confirmed that a large portion of the 8.5 million Microsoft devices that were affected by the tech outage have since been back online. It was reported that US Transportation Secretary Pete Buttigieg spoke with Bastian to remind him of Delta’s duty to affected customers.

The post Delta Struggling With Flight Cancellations Following Tech Outage appeared first on theprimarymarket.com.

A summary of a Friday press conference on the website of CAAC News revealed the winter and spring season flight plan, with 96,651 domestic flights having been scheduled per week. Since the same period last year, 7,202 new weekly flights have been introduced following the opening of 516 new domestic routes.

While international flights to and from China are slower to rise, they are also on an upward trajectory. Weekly direct flights between China and the United States are expected to rise by 48 to 70.

The post Flights in China Expected to Surge Past Pre-Pandemic Levels appeared first on theprimarymarket.com.

Chief Executive Tufan Erginbilgic stated that the company has made significant progress this year, referring to its rise in military spending and the recovery of its long-haul flying business. The company also underwent several operational improvements.

Now, the company expects to achieve a profit this year between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion). Its previous expectation was in the range of 800 million and 1 billion pounds.

“Despite a challenging external environment, notably supply chain constraints, we are starting to see the early impact of our transformation in all our divisions,” Erginbilgic commented on Wednesday.

The post Rolls-Royce Shares Jump as Company Raises Full-Year Forecast appeared first on theprimarymarket.com.

Airbus boosted its deliveries from 297 aircraft during the first six months of 2022. This year, the company is aiming to make a total of 720 deliveries

The performance of the aviation company is even more impressive considering that aerospace deliveries at large have been affected by supply chain issues while labor shortages stemming from the Covid pandemic persist.

Chief Commercial Officer Christian Scherer stated in June that while industry-wide issues continue to pose an obstacle, Airbus is beginning to experience a more “predictable” pattern in industrial economic conditions.

Airbus is set to report its first-half financial results on July 26.

The post Airbus First Half Deliveries Rise appeared first on theprimarymarket.com.

This comes after United Airlines canceled 19% of its scheduled flights after thunderstorms and equipment failures rocked operations at a U.S. Federal Aviation Administration (FAA) facility in Washington. The issue led to major delays for air passengers across the east coast of the U.S.

“While we work to control the things that are within our control, we must also do a better job of planning against the things that are outside our control so that we can be in a position to recover more quickly,” Kirby said, acknowledging the importance of contingency planning as U.S. air traffic looks bound to exceed pre-COVID levels.

In an effort to manage the boom in air travel demand, United Airlines is working with the Port Authority of New York and New Jersey to get more gates. This change would require some schedule changes on the part of the U.S. airline.

The post United Airlines Looks to Avoid Flight Disruptions Ahead of Travel Boom appeared first on theprimarymarket.com.

“It is kind of a new era,” Callaway Climate Insights Founder and Editor-in-Chief David Callaway explained. “Some are already saying it’s a bubble… But they’re riding high right now, and I think you will see them start to pay attention because they know that their customers are paying attention. They know their customers care about this stuff.”

In response to travelers’ growing awareness of climate issues, the International Air Transport Association committed to reaching zero emissions by 2050. The body consists of over 300 global airlines, including Delta, United, and JetBlue.

Still, the aviation industry does not pose a major environmental threat, making up just 1.8% of global emissions in 2021.

Despite its minimal impact, numerous nations have already been taking action to curb aviation-induced emissions, with France banning short hall flights between locations where a train route exists.

The post Airlines Expect Major Travel Changes To Reduce Emissions appeared first on theprimarymarket.com.