Bloomberg
• Danny Lee, Kate Duffy, Siddharth Philip
Norse Atlantic is discussing leases for Boeing 787 Dreamliners with two Asian airlines, according to people familiar with the matter, as the long-haul low-cost carrier faces constrained cash reserves and higher fuel costs. The move could provide liquidity while reducing exposure to its widebody fleet.
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Senate Democrats are seeking an investigation into the Department of Homeland Security’s purchase of 12 aircraft, comprising four Gulfstreams and eight Boeing aircraft. The request puts scrutiny on the department’s procurement decisions and the use of government funds for its aviation fleet.
Norse Atlantic is discussing leases for Boeing 787 Dreamliners with two Asian airlines, according to people familiar with the matter, as the long-haul low-cost carrier faces constrained cash reserves and higher fuel costs. The move could provide liquidity while reducing exposure to its widebody fleet.
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Avolon will provide up to seven Boeing 737-8-200 aircraft to India’s fast-growing Akasa Air through a sale-and-leaseback agreement. The transaction gives the low-cost carrier additional fleet capacity as it expands its network and supports continued growth in India’s increasingly competitive airline market.
Boeing’s decision to sell Wisk Aero is being viewed by analysts as a targeted effort to exit a struggling, non-core air-taxi business rather than the start of another divestment wave. The move reflects the aerospace giant’s focus on its broader turnaround priorities.
Boeing’s deferred production costs are rising again, according to Leeham News. The development puts renewed focus on the company’s program-accounting balances and how production economics are being reflected in its financial reporting.
High activity
The Pentagon has signed seven-year framework agreements with Boeing and RTX to increase production of critical components for the Standard Missile-3 Block IB and Block IIA interceptors. The agreements come as the Missile Defense Agency shifts resources toward newer systems and the administration pursues a multilayered missile defense shield.
Boeing has completed flight testing of a 787-9 equipped with a modified Rolls-Royce Trent 1000 nacelle featuring a shorter engine inlet. The company says the design could reduce nacelle weight and aerodynamic drag, lowering fuel consumption without increasing noise on future turbofan installations.
Wall Street analysts have become more optimistic about Boeing’s recovery, turning the most bullish on the company in nearly four years. The shift reflects growing confidence in the manufacturer’s efforts to stabilize and turn around its business, though the report provides no specific financial targets or operational milestones.
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