Alwyn's Feed
Mar 2, 2015

Honeywell, OneWeb partner to offer satellite internet to aircraft

NEW YORK, March 2 (Reuters) – Honeywell International Inc
said on Monday it has teamed up with satellite internet
startup OneWeb Ltd to expand the high-speed data services it
offers to aircraft.

OneWeb, whose investors include Richard Branson’s Virgin
Group and Qualcomm Inc, plans to build a network of 648
low-orbit satellites capable of beaming fast internet around the
world starting in 2019.

Feb 24, 2015

AerCap CEO sees no looming glut in aircraft production

NEW YORK (Reuters) – The head of the world’s largest aircraft leasing company, AerCap Holdings NV (AER.N: Quote, Profile, Research, Stock Buzz), said there was no sign of a looming glut of jetliners that could trigger a cyclical downturn in the sector.

AerCap is seeing consistent demand for the latest, fuel-saving jets and older workhorse planes, Aengus Kelly, chief executive officer, said in an interview with Reuters on Tuesday.

Feb 18, 2015

Boeing CEO vows to maintain cash to shareholders, 777 production rate

Feb 18 (Reuters) – Boeing Co will keep returning
significant cash to shareholders and will not cut production of
wide-body 777 jetliners as it shifts to a new version later this
decade, Chief Executive Officer Jim McNerney said on Wednesday.

The transition from the 777 to the new 777X will happen
“without a hit to production rates,” McNerney told an investor
conference hosted by Barclays Plc in Miami, addressing a key
concern about the company’s future performance.

Feb 15, 2015

U.S. FAA proposes drone pilots should get certificates, not fly over people

NEW YORK, Feb 15 (Reuters) – The U.S. aviation regulator
proposed on Sunday that people flying drones for commercial
purposes obtain a special pilot certificate, stay away from
bystanders and fly only during the day.

The long-awaited draft rule governing drones also limits
flying speed to 100 miles per hour (160 kph) and the altitude to
500 feet (152 meters) above ground level.

Feb 11, 2015

Boeing says not studying reviving 757 with new engines

SEATTLE, Feb 11 (Reuters) – Boeing Co said on
Wednesday it is not studying resurrecting its out-of-production
757 jetliner with new engines to plug a gap in its jetliner
lineup between its largest single-aisle plane and its smallest
widebody models.

Boeing has studied resuming production of the single-aisle
757 “a couple of times,” Randy Tinseth, vice president of
marketing for Boeing Commercial Airplanes, said at an industry
conference organized by the Pacific Northwest Aerospace
Alliance.

Feb 11, 2015

U.S. becomes hot spot for aerospace manufacturing

SEATTLE, Feb 11 (Reuters) – The aerospace industry is
shifting more manufacturing investment to the United States
after a decade in which production jobs in the sector flowed to
China and other emerging economies, according to a new study.

Consultancy ICF International analyzed more than 2,000
investment transactions made since 2000, and found 28
manufacturing investments in the United States from 2012 to
2013, compared with eight each in China and Mexico, and four in
Brazil. A decade earlier, Mexico led the pack with 10
investments, compared with just six investments in the United
States.

Jan 31, 2015

U.S. regulators sow confusion about ‘toy’ drones in rules

NEW YORK, Jan 30 (Reuters) – U.S. regulators have published
a description about forthcoming rules on drones that omits
mention of toys, sowing confusion among lawyers and hobbyists
who are closely following the development of the new
regulations.

The U.S. Federal Aviation Administration has closely guarded
its draft rule, leading to intense speculation about how it will
govern both commercial flights for photography and crop
inspections, and recreational flying by hobbyists.

Jan 30, 2015

U.S. regulators step back from targeting ‘toy’ drones in rules

NEW YORK, Jan 30 (Reuters) – U.S. regulators have published
a description about forthcoming rules on drones that omits
mention of toys, sowing confusion among lawyers and hobbyists
who are closely following the development of the new
regulations.

A description of the law published in December specifically
mentions “toy” operations. But a description published in
January does not say that the rule will target toys.

Jan 28, 2015

Air Force picks Boeing 747-8 to replace Air Force One

WASHINGTON (Reuters) – The U.S. Air Force said on Wednesday it would use Boeing Co’s (BA.N: Quote, Profile, Research) commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States.

The decision comes a month after Boeing said it would slow production of the four-engine 747-8 aircraft to 1.3 a month from 1.5 a month because of declining orders.

Jan 28, 2015

Despite strong Boeing 4th-qtr, questions arise about forecast

NEW YORK, Jan 28 (Reuters) – Boeing Co on Wednesday
said the tide of commercial aircraft demand will keep rising
despite cheap oil and a strong dollar, and that it was getting
more adept at converting plane orders into piles of cash,
sending shares to a 52-week high.

But even as Boeing posted strong fourth-quarter results and
offered a robust 2015 outlook, its report raised questions: When
will Boeing wring profits from its flagship 787 Dreamliner? And
when will it return cash to shareholders?