Today In Aviation
Last Updated: Tuesday, Oct. 15, 2024, 11:00 AM PDT
2024-10-15T11:00:08.112418-07:00 2024-10-15T11:00:08.112418-07:00 (2024-10-15T11:00:08.112418-07:00)
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.
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.
New cabins coming to Delta
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.
Delta unveils new cabin interior across its fleet
Airline Cuts At Hamburg Could Affect German Airport Fee Negotiations
By Aviation Week: Condor is adjusting its schedule for summer 2025 and reducing its flight program by 13% due to significantly increased costs in Hamburg.
Eve Air Mobility Secures USD$88 million from BNDES to Finance eVTOL Manufacturing
By eveairmobility.com: Eve is a new independent company founded by Embraer dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a startup mindset, backed by Embraer’s more than 50-year history of aerospace expertise, Eve is taking a holistic approach to progressing the UAM ecosystem with an advanced electric vertical takeoff and landing vehicle (eVTOL), comprehensive global services and support network, and a unique air traffic management solution.
Eve Air Mobility secures USD88 million loan for eVTOL production facility
Skyservice Breaks Ground on New California Facility
By AINonline: Business, Air Transport, Defense & General Aviation News.
Wet-lease carrier Hi Fly brings in two more A330s
By FlightGlobal: Portuguese wet-lease specialist Hi Fly is expanding its widebody fleet with a pair of Airbus A330-200s.