eVTOL InsightsChris Stonor

Wisk Aero Collaborates with Airservices Australia “to Integrate Autonomous Air Taxi Network into National Airspace”

eVTOL Insights reports: Wisk Aero announced today it has signed a Memorandum of Understanding (MOU) with Airservices Australia (AA), reports a press release. This government-owned organisation provides air traffic management and associated services for the country.

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Last Updated: Tuesday, Oct. 15, 2024, 2:55 PM PDT

2024-10-15T14:55:00.142821-07:00 2024-10-15T14:55:00.142821-07:00 (2024-10-15T14:55:00.142821-07:00)

ReutersRajesh Kumar Singh

United Airlines sees stronger profit, unveils $1.5 billion share buyback program

By Reuters: United Airlines forecast a stronger-than-expected profit in the current quarter on Tuesday, after third-quarter earnings topped Wall Street expectations on improved pricing power.

2024-10-15T13:25:46.032750-07:00
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Airways MagazineHelwing Villamizar

DOT Fines Lufthansa US$4M for Civil Rights Violations

By Airways Magazine: The US DOT has fined Lufthansa US$4 million for discriminating against Jewish passengers in 2022.

2024-10-15T07:25:53.477028-07:00
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PaxEx.AeroSeth Miller

New cabins are coming to Delta Air Lines fleet

By PaxEx.Aero: A fleet-wide cabin retrofit, including fresh seating materials, a renewed color palette, decorative motifs and signature branding, is coming to the Delta fleet.

2024-10-15T05:02:16.452040-07:00
aviation   Boeing   777X   Leadership   777  
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Wall Street JournalSharon Terlep

Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain

By Wall Street Journal: Under the shelf registration, Boeing is expected to pursue a stock offering that raises around $10 billion, according to people familiar with the matter. A strike by Boeing’s largest union is exacerbating financial woes at the jet maker, which last turned a profit in 2018. Its operations had been burning through about $1 billion a month before the strike. Boeing ended September with $10.3 billion in cash and securities, close to the minimum amount the company has said it needs to operate. The new $10 billion credit agreement is in addition to about $10 billion in existing, untapped revolving credit agreements. Boeing has $45 billion in net debt. “These are two prudent steps to support the company’s access to liquidity,” Boeing said in a statement. Boeing shares, which began the year around $250, were little changed in premarket trading near $150.

2024-10-15T03:56:54.619685-07:00