Planemakers

Spirit Aero System raises doubts over ability to continue as going concern

Spirit's cash balance at the end of the third quarter of 2024 was $218 million, according to an October filing

Boeing to raise up to $19 bn to shore up finances, stave off downgrade

Based on Friday's closing price, Boeing can raise $13.95 billion from the common stock offering, though such issues are typically priced at a discount to ensure enough demand

Brazilian planemaker Embraer sees India, Saudi as strategic defence markets

India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in early engagement with Embraer

Boeing to delay 777X again as it posts record annual loss of $11.94 bn

The pandemic added to its troubles with the 737 MAX

Mahindra shutters plane manufacturing facility in Australia; seeks buyers

Mahindra Group on Tuesday said it has closed down its aircraft manufacturing business in Australia and is scouting for a buyer, more than a decade after venturing into high-cost plane-making business. The decision also comes little over a year after one of the planes, manufactured at the Australian facility, crashed in Sweden killing nine persons. In 2009, Mahindra Group acquired 75.1 per cent stake each in two Australian aerospace firms, Gippsland Aeronautics (Gipps Aero) and Aerostaff Australia, for Rs 175 crore as part of its plans to manufacture aircraft and allied components to service global market. While Gippsland Aeronautics is into aircraft manufacturing, Aerostaff is into manufacturing aircraft components. "We have shut down our Gipps Aero business, which was into the manufacturing of 8- and 10-seater planes in Australia," Mahindra & Mahindra Deputy Managing Director and Group CFO Anish Shah told reporters in the post-earnings media call. "It is up for sale for someone .

Planemakers shrug off economy worries as travel grows

Boeing, Airbus raise 20-year demand forecasts