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Michael Bruno

Michael
Bruno
Articles
Analysts predict more 737 production cuts, Boeing cash strain 
The prospects of Boeing cutting or halting 737 production have grown, financial analysts and others said Oct. 21 after an internal Boeing pilot conversation over the MAX and the maneuvering characteristics augmentation system (MCAS) became public.
Boeing removes Muilenburg as chairman, remains CEO
Boeing has split its CEO and chairman roles, demoting Dennis Muilenburg on the board of directors, and giving the chair seat to the company’s leading independent director, David Calhoun, in the wake of the 737 MAX fiasco.
United Technologies, Raytheon merger approved
Raytheon and United Technologies shareowners “overwhelmingly” approved all proposals necessary to complete the merger of UTC’s aerospace businesses—Collins Aerospace and Pratt & Whitney—with Raytheon, the companies announced Oct. 11.
Boeing-Embraer commercial JV postponed to early 2020 
Boeing and Embraer on Oct. 3 formally acknowledged they do not expect their commercial aircraft joint venture deal to close until “early 2020” after the European Commission indicated its competition review will extend into a Phase II.
WTO arbitrator permits US to collect up to $7.5 billion in EU tariffs 
The European Commission and Airbus doubled down on calls for the US and Boeing to negotiate an end to the 15-year-old airliner subsidy dispute at the World Trade Organization (WTO) after a WTO arbitrator green-lighted the US to collect up to $7.5 billion in punitive tariffs on European imports.
Impending WTO decision on aircraft subsidiary has industry nervous 
Nerves are fraying over the pending release of another World Trade Organization (WTO) decision in the long-running commercial airliner subsidy spat between Airbus and Boeing, with industry observers preparing for a ruling favorable to the US and Boeing that deepens a trade war with Europe.
Aviation Capital Group bought out by Tokyo Century 
Tokyo Century will buy out the rest of US lessor Aviation Capital Group (ACG) from Pacific Life Insurance this year, the companies announced Sept. 9.
Embraer posts profit in 2Q; on track to split commercial ops to Boeing 
Embraer posted 2019 second-quarter net profit of $7.2 million, reversed from a $131.4 million loss in the 2018 2Q.
Muilenburg: Boeing still aims for mid-teen operating margins 
Boeing remains committed to reaching mid-teen operating margins despite ongoing issues with the 737 MAX and growing trade tensions between the US and China, Boeing chairman, CEO and president Dennis Muilenburg said Aug. 7.
Analysts revise MAX outlook on extended grounding, delivery halts 
Momentum from the Paris Air Show is fading, and Wall Street analysts are quickly taking a sobering financial view of the Boeing 737 MAX issue now that an extended grounding of the aircraft and halt in deliveries could drag into the fourth quarter, at least.
Calio to succeed Leduc as Pratt & Whitney president 
Senior United Technologies (UTC) aerospace executive Christopher Calio will succeed Bob Leduc as president of Pratt & Whitney in early 2020, UTC said June 25.
Bombardier CRJ family aircraft
Bombardier sells CRJ program to Mitsubishi for $550 million 
Japan’s Mitsubishi Heavy Industries and Bombardier have struck a deal on the sale of the Canadian manufacturer’s Canadair Regional Jet program for $550 million and assumption of some debt.
PARIS 2019: Spirit Aero shows new production technologies 
Wichita-based Spirit AeroSystems unveiled new production methods for carbon fiber composite materials that the company said will lower costs and increase production volumes on future aircraft components.
US report on airline IT outages finds few customer complaints 
A US government watchdog report on airline IT outages and their effect on passengers concludes that while a large majority of outage events lead to flight delays and cancellations, they account for less than 1% of customer complaints.
Analysts: Environmental risk grows for commercial airliner industry 
A group of financial analysts have said they suddenly see environmental concerns emerging as the next major risk to commercial aircraft deliveries, on top of international trade wars and other conflicts.
Air Transport World
ATW October 2019 cover

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OCTOBER AIR TRANSPORT WORLD
ATW On-Location
Blogs & Commentary
Oct 19, 2019
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Is Bastian creating the fourth global alliance?

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Michele McDonald

Michele McDonald, a long-time contributor to ATW, died Oct. 5....More
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Alitalia’s endless extensions on government money

In what has become close to a bimonthly event, another request has been made to extend the deadline for a business plan to be submitted to get Alitalia back on its feet....More

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