Today In Aviation
Last Updated: Tuesday, Oct. 15, 2024, 2:53 PM PDT
2024-10-15T14:53:02.521027-07:00 2024-10-15T14:53:02.521027-07:00 (2024-10-15T14:53:02.521027-07:00)
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.
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.
US’s SkyWest to start United Express CRJ550 ops in 4Q24
By ch-aviation: Several daily Operator News updates covering all Operator Route Network changes, strategic fleet developments and aircraft orders, start-ups and bankruptcies, mergers and acquisitions and partnerships and alliances.
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.
Delta unveils new cabin interior across its fleet
Air India Flight to Chicago Makes Emergency Diversion to Remote Canadian Airport in Latest Bomb Hoax Drama
By Paddle Your Own Kanoo: An Air India flight from Delhi to Chicago was forced to divert to a remote airport in the Canadian territory of Nunavut on Tuesday after an online bomb threat was posted against the airliner.
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.
Boeing Judge Seeks More Information Before Plea Deal Ruling
By Bloomberg Law: A Texas federal judge reviewing Boeing Co.’s plea deal with US prosecutors over two fatal crashes asked for more information to determine whether he should approve it, including how a diversity and inclusion pledge would impact the choice of an outside monitor.