SYDNEY (AP) — Australia is set to provide 4.6 billion Australian dollars ($3 billion) to British industry to support the construction of nuclear-powered submarines and ensure its new fleet arrives on time, the two countries said Friday. The announcement came a day after the two countries signed a defense and security pact to better meet … Read more
The Comac C919 is not very different from what Airbus and Boeing already have in the market, and that it was “not going to rock the boat in particular,” Christian Scherer, chief executive officer of Airbus’s aircraft commercial business said. “It looks a bit like an Airbus narrow body,” Scherer said, tongue in cheek, noting … Read more
Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China’s homegrown offering. “The industry contacts we speak to believe the problems at Boeing, specifically the 737 Max, present an early opportunity for Comac,” Northcoast Research analyst Chris Olin told CNBC. … Read more
Varda’s first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda’s small W-Series 1 capsule, or W-1, has been stuck in orbit since … Read more
Taylor Swift postponed a show in Buenos Aires for Friday until Sunday. LATAM Airlines, the largest carrier in South America, said it wouldn’t charge customers date-change fees or differences in fare so they can stay in the city longer. Industry executives told CNBC that it was a highly unusual measure. Allen J. Schaben | Los … Read more
Airlines have a record 260 million seats to fill this quarter. They’re offering more fare sales for off-peak travel to do it. JetBlue, Spirit and Frontier all say average fares are dropping. A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Luke Sharrett | Bloomberg | Getty … Read more
Jeff Bezos’ Blue Origin and Sierra Space are navigating a potential end to the Orbital Reef space station partnership, according to three people who spoke to CNBC about the situation. Discussions are ongoing and CNBC sources described the situation as fluid. Shortly after unveiling the Orbital Reef project in 2021, Blue Origin won a $130 … Read more
The company said that fastener holes on some Max 737 aft pressure bulkheads were improperly drilled. The issue is the latest to slow airplane deliveries at Boeing. Boeing said the issue was not related to flight safety. A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company’s production facility … Read more
JetBlue is preparing to cut scores of weekly flights in the New York City area this spring and summer in response to a shortage of air traffic controllers. Last week, the Federal Aviation Administration unveiled a new plan to help avoid a repeat of 2022’s flight disruptions. “We don’t want to pull down flights,” CEO … Read more