Boeing Demands $60 Billion in Aid for U.S. Aviation Sector
Aerospace News

Boeing Demands $60 Billion in Aid for U.S. Aviation Sector

Boeing Tuesday demanded a $60 billion lifeline aid for the struggling U.S. aerospace manufacturing sector, which is suffering from huge losses from the grounding of 737 MAX and coronavirus pandemic. Boeing spokesperson Gordon Johndroe subsequently stated the company “helps a […]

U.S. Clears Bill Dropping Boeing Tax Break to Avoid EU Tariffs
Aerospace News

U.S. Clears Bill Dropping Boeing Tax Break to Avoid EU Tariffs

Washington state’s House of Representatives approved a measure Wednesday evening that removes a crucial tax break for Boeing and other aerospace corporations, in an attempt to head off potential European tariffs on U.S. goods and loosen a transatlantic trade conflict […]

Safran Pull up Socks for 737 MAX Fallout After Hitting 2019 Estimations
Aerospace News

Safran Pull up Socks for 737 MAX Fallout After Hitting 2019 Estimations

France’s Safran reported a stronger-than-anticipated climb last year core profit headed by jet engine spare components; however, warned of flat-to-lower 2020 revenue hit by Boeing’s 737 MAX grounding crisis. Safran co-produces the jet’s engines with General Electric and makes the majority […]

New Aerospace Hub Will Be Built in The North of Fort Worth
Aerospace News

New Aerospace Hub Will Be Built in The North of Fort Worth

A California-based plane elements distributor is launching a serious enlargement of its North Texas distribution middle. Wesco Aircraft Holdings Inc. is including greater than 200,000 sq. ft of area to its distribution heart north of Fort Worth in Northlake. Wesco […]

China Intends to Acquire Coronavirus Hit HNA Group
Aerospace News

China Intends to Acquire Coronavirus Hit HNA Group

China intends to take over the HNA Group and sell off its airline assets as the coronavirus outbreak has struck the conglomerate’s ability to fulfill financial obligations. The federal government of Hainan, the southern province where HNA is based, is in […]