The surge in e-commerce demand, port congestion, and limited airline capacity due to the pandemic have led to a record increase in air freight rates just before Christmas 2021. This situation has also created a profitable opportunity for the aerospace industry, specifically in converting passenger planes into cargo carriers. Cirium, an aviation data firm, reported …
An unpainted Boeing 737 MAX airplane is seen parked in storage at King County International Airport-Boeing Field in Seattle, Washington, in a captivating aerial view. (Image Credit: Lindsey Wasson | Reuters) Workers at Boeing aircraft parts supplier Spirit Aerosystems have recently ratified a new labor agreement. The approval of this deal paves the way for …
Boeing 787 Dreamliners are manufactured at the aviation company’s assembly plant in North Charleston, South Carolina on May 30, 2023. Juliette Michel | AFP | Getty Images Boeing delivered 50 aircraft to customers in the previous month, which is a increase compared to 35 in April. However, it still trails behind Airbus in terms of …
Aircraft fuselages intended for Boeing’s 737 Max production facility are awaiting shipment at Spirit AeroSystems Holdings Inc, the top supplier in Wichita, Kansas, USA (December 17, 2019). Nick Oxford | Reuters Boeing supplier Spirit AeroSystems has ceased operations at its Wichita, Kansas-based plant following a vote against a new labor agreement and in favor of …
A Tesla car dealership is seen on May 31, 2023 in Austin, Texas. Brandon Bell | Getty Images Explore the top movers in premarket trading: Tesla – The electric vehicle manufacturer’s shares declined over 3% before the market opening due to a downgrade by Morgan Stanley. The downgrade was a result of Tesla’s steep valuation …
Top intelligence and law enforcement officials in Washington are sounding the alarm to American companies: The Chinese government has its sights set on replacing you. This dire warning comes to light in the captivating CNBC documentary, “China’s Corporate Spy War,” which delves into the increasingly sophisticated tactics employed by Beijing to pilfer sensitive U.S. technology …
A “sale pending” sign has been placed in front of a house that is up for sale in Greenbrae, California. This sign indicates that a buyer has made an offer and the sale is currently in progress. CNBC’s Investing in Space newsletter provides valuable insights into the business of space exploration and privatization. Delivered straight …
The first-class suite on Qantas’ ultra-long-range A350-1000. Courtesy: Qantas Long flights are experiencing a revival, indicating that airlines are optimistic about the recovery of international travel post-Covid. Qantas has recently launched a service between New York and Sydney, with a stop in Auckland, New Zealand, using Boeing 787 Dreamliners instead of the previous stop in …
In the span of four years, the aviation industry has undergone significant changes since the last in-person air show. The Covid-19 pandemic had a devastating impact on travel demand, leading to the loss of thousands of experienced aviation workers and causing major disruptions in new plane production. However, as air travel demand surges once again, …
CNN — Located in the far southwestern corner of England, overlooking the Atlantic Ocean, Cornwall is not typically considered the center of attention. However, local residents have recently been captivated by a remarkable sight in the sky: a unique plane taking off from the small Newquay Airport, circling above the coastline, and then returning to …