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Aerospace and defense industry

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Spirit CEO says airline will slash flights, could cut jobs

Sagar9 months ago03 mins

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.  Kevin Carter | Getty Images News | Getty Images Spirit Airlines CEO Dave Davis on Wednesday braced staff for more job cuts and said the carrier plans to slash its schedule in…

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  • Business

Frontier CEO fires back at United CEO’s criticism of discount airlines

Sagar9 months ago03 mins

President and CEO of Frontier Airlines, Barry Biffle attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022, in New York City. Steven Ferdman | Getty Images Entertainment | Getty Images Frontier Airlines CEO Barry Biffle fired back at his counterpart at United Airlines who said the…

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  • Business

Trump administration orders Delta, Aeromexico to unwind joint venture by Jan. 1

Sagar9 months ago02 mins

An Aeromexico Boeing 737 MAX 8 taxis at Los Angeles International Airport on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images The Trump administration ordered Delta Air Lines and Aeromexico to end by Jan. 1 their nearly decade-old joint venture that allows them to coordinate schedules and prices for flights between…

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  • Business

Striking defense workers reject Boeing contract offer

Sagar9 months ago02 mins

The Boeing Company at Paris Air Show 2025 in Le Bourget Airport. Nicolas Economou | Nurphoto | Getty Images Striking Boeing defense workers in Missouri voted Friday against the company’s latest offer of a modified contract deal, according to the union representing the workers. More than 3,000 workers in the St. Louis area will remain…

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  • Business

United CEO predicts struggling Spirit Airlines will go out of business

Sagar9 months ago02 mins

A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty Images LONG BEACH, Calif. — United Airlines CEO Scott Kirby on Thursday predicted Spirit Airlines is going out of business and said the once-profitable discount airline model is…

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Air India CEO says carrier embracing ‘new normal’ after deadly crash

Sagar9 months ago03 mins

An Air India Boeing 787-8 Dreamliner. Sopa Images | Lightrocket | Getty Images LONG BEACH, Calif. — Air India CEO Campbell Wilson said the carrier has embraced a “new normal” and a stepped-up safety focus following the crash of one of its planes in June, the deadliest aviation disaster in a decade. All but one…

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  • Business

Avelo Airlines to buy 50 E2 jets from Brazil plane maker Embraer

Sagar9 months ago03 mins

An Embraer SA E190-E2 passenger aircraft stands on display on day two of the Farnborough International Airshow (FIA) 2018 in Farnborough, U.K., on Tuesday, July 17, 2018.  Bloomberg | Bloomberg | Getty Images Brazilian airplane maker Embraer has landed its first U.S. sale of its efficient but slow-selling E2 jets with a 50-plane deal from…

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  • Business

Spirit Airlines files for Chapter 11 bankruptcy again

Sagar10 months ago03 mins

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines on Friday filed for bankruptcy protection for the second time in a year, just months after the budget carrier failed return…

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  • Business

How the U.S. space industry became dependent on SpaceX

Sagar10 months ago03 mins

SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing…

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  • Business

Spirit Airlines fate shaky after avoiding hard decisions in bankruptcy

Sagar10 months ago07 mins

A Spirit Airlines plane takes off from Oakland International Airport on May 06, 2024 in Oakland, California. Brandon Bell | Getty Images In March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty seats….

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  • Celebration of Obama Presidential Center dedication
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