Embraer Secures $1 Billion Credit Line, Reinforcing Financial Strength
Brazilian aerospace giant Embraer has solidified its financial position with the signing of a new $1 billion syndicated credit agreement.
Manufacturer
Embraer Secures $1 Billion Credit Line, Reinforcing Financial Strength
- by Len Varley
- August 8, 2024
Brazilian aerospace giant Embraer has solidified its financial position with the signing of a new $1 billion syndicated credit agreement. This five-year deal represents an expansion of a previous $650 million credit facility established in October 2022. The agreement provides Embraer with essential access to capital at predetermined rates, bolstering its liquidity and supporting long-term
Manufacturer
NTSB Boeing Hearing Reveals a Culture of Pressure and Lack of Accountability
- by Len Varley
- August 7, 2024
The first day of the NTSB hearing into the 737 MAX door plug incident painted a disturbing picture of Boeing’s company culture of pressure and prioritizing speed over safety. Boeing, the manufacturer of the affected aircraft, faced scathing criticism through the first day of the hearing. Witnesses described a high-pressure environment where workers were pushed
Manufacturer
Boeing Q2 2024: Recovery Amid Turbulence
- by Len Varley
- August 2, 2024
Boeing has released its financial results for the second quarter of 2024, outlining ongoing challenges as the company navigates a complex recovery path. With reported revenue of $16.9 billion and significant losses per share, Boeing’s performance reflects the lingering effects of past crises. It sheds further light on the hurdles it faces in regaining its
Manufacturer
Boeing Names Kelly Ortberg as New President and CEO
- by Len Varley
- July 31, 2024
Boeing has announced the appointment of industry veteran Robert K. "Kelly" Ortberg to the lead roles of president and CEO, effective 8 August
Manufacturer
Exploring Deutsche Aircraft & The Upcoming D328eco Aircraft: A Sit Down with Anastasija Visnakova
- by James Field
- July 30, 2024
During the Farnborough Air Show 2024, AviationSource got to find out more about Deutsche Aircraft & the upcoming D328eco aircraft they are developing. We got to sit down with Anastasija Visnakova, the VP of Sales & Marketing for the company, who gave us some good insight into the program. Continue reading for the whole interview
Manufacturer
Exploring Deutsche Aircraft & The Upcoming D328eco Aircraft: A Sit Down with Anastasija Visnakova
- by James Field
- July 30, 2024
During the Farnborough Air Show 2024, AviationSource got to find out more about Deutsche Aircraft & the upcoming D328eco aircraft they are developing. We got to sit down with Anastasija Visnakova, the VP of Sales & Marketing for the company, who gave us some good insight into the program. Continue reading for the whole interview
Manufacturer
Airbus CEO Guillaume Faury Admits He Is Falling Behind on Aircraft Orders
- by James Field
- July 28, 2024
One interesting takeaway from the Farnborough Air Show was the admission of Airbus CEO Guillaume Faury of falling behind on aircraft orders. In the context of global supply chain issues, he spoke out on this aspect at the airshow which concluded on Friday. Without further ado, let’s get into it… Airbus CEO Guillaume Faury &
Manufacturer
Deutsche Aircraft Begins Construction of First D328eco Test Aircraft
- by Len Varley
- July 27, 2024
Deutsche Aircraft has now begun construction of the first D328eco test aircraft, TAC 1, extending its D328 fuselage to seat 40 passengers.
Manufacturer
Bombardier Posts Double-Digit Growth in Q2 2024
- by Len Varley
- July 27, 2024
Driven by a notable rise in aircraft deliveries and a steady increase in services revenue, Bombardier posted double-digit growth in Q2 2024.