Economy of the United States

February 28, 2013 - 3:13pm

Boeing Commercial Airplanes president and CEO Ray Conner met with Japanese Minister of Land, Infrastructure and Transportation Akihiro Ota in Tokyo on Thursday to discuss the company’s proposal to return the Boeing 787 to service.

February 22, 2013 - 12:15pm

Boeing and Elbit Systems signed a memorandum of understanding to offer Elbit’s directed infrared counter measure (DIRCM) system for international customers of Boeing fixed- and rotary-wing aircraft.

February 20, 2013 - 9:14am

Members of the Society of Professional Engineering Employees in Aerospace (SPEEA) returned a split decision on Boeing’s offer for a new four-year contract. Engineers agreed to accept the offer by a count of 6,483 to 5,514, but technical workers voted to reject by a tally of 3,203 to 2,868.

February 18, 2013 - 4:10pm
MD-80

Miami, Florida-based Aeronautical Engineers (AEI) received the world’s first supplemental type certificate (STC) from the U.S. Federal Aviation Administration for the MD-80SF passenger-to-freighter conversion, the company announced last week. The STC allows for conversions of the passenger-configured MD-81, MD-82, MD-83 and MD-88, of which McDonnell Douglas built 779.

February 11, 2013 - 4:10pm

Boeing 787 prototype ZA005 on Monday took to the air for the second time since the FAA cleared the company to fly the airplane on test missions over unpopulated areas.

February 6, 2013 - 12:43pm

India’s defense minister AK Antony has confirmed that military spending will be cut in the budget for the next fiscal year (April 2013 through March 2014). “The [Indian] government is passing through a difficult phase; the recession is affecting us,” said Antony in response to a question from AIN during a packed press conference at Aero India today.

February 5, 2013 - 2:45pm

XOJet announced today that it is promoting Bradley Stewart to company CEO, effective February 7. Stewart, who has been president of the fixed-price aircraft charter firm since 2010, was previously an executive with Parthenon Capital Partners and McKinsey. Current CEO Blair LaCorte will remain active with the charter company as a member of the board of directors. LaCorte will also retain his role as senior advisor to XOJet’s owner, TPG Portfolio, with which he has been affiliated since 2005.

February 5, 2013 - 11:34am

The U.S. Federal Aviation Administration is evaluating a request from Boeing to fly a 787 to test potential fixes to allow the airplane to re-enter service, the agency confirmed on Tuesday. The FAA gave no word on when it might respond to Boeing, however, nor would it confirm reports that the airplane could fly as early as this week.

February 5, 2013 - 1:10am

Many, but not all, former Silver State Helicopter students have had their student loans forgiven in the wake of the 2008 bankruptcy and liquidation of what was then the largest civil helicopter school in the U.S. However, Cleveland-based KeyBank did not offer loan forgiveness, prompting 100 former students to sue, charging that the bank knew of Silver State’s precarious financial condition when it offered them high-interest-rate loans of up to $70,000 to attend the school. Arguments in the case were heard late last year by the Ninth Circuit U.S.

February 4, 2013 - 5:25am

The pilots of Horizon Air voted last month to extend their current labor contract for three years, creating a new six-year pact. The new contract, negotiated on behalf of the 610 pilots by the International Brotherhood of Teamsters, includes wage increases, so-called quality-of-life and productivity improvements, and better job security, said the Teamsters in a statement. Among pilots who returned ballots, 77 percent voted in favor of ratification.

 
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