Alwyn's Feed
Jul 18, 2014

Malaysia Airlines jet crash insurance may be complex, lengthy

NEW YORK (Reuters) – Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 lives and other liability could be complex and lengthy.

Malaysia Airlines said flight MH-17 disappeared at 1015 ET as it flew over eastern Ukraine toward the Russian border, bound for Asia. Flight tracking data indicated it was cruising at 33,000 feet when it lost contact with air traffic controllers, apparently struck by a missile.

Jul 17, 2014

Malaysia Airlines jet crash insurance may pose quandary

NEW YORK (Reuters) – Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say insurance for the loss of 295 lives and other liability will likely be complex and lengthy.

Malaysia Airlines said air traffic controllers lost contact with flight MH-17 at 1415 GMT as it flew over eastern Ukraine toward the Russian border, bound for Asia with 280 passengers and 15 crew aboard. Flight tracking data indicated it was cruising at 33,000 feet when it disappeared, apparently struck by a missile.

Jul 16, 2014

Investors seek reason to buy Boeing, aerospace after rally

NEW YORK (Reuters) – Despite booking billions of dollars in new plane orders at the year’s biggest air show this week, Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and other aerospace companies approach second-quarter earnings as victims of their own success.

Boeing’s stock soared nearly 80 percent last year, outperforming the Dow Jones Industrial Average and the S&P 500 index. Many suppliers to the world’s biggest plane maker also beat the market.

Jul 8, 2014

Boeing to recover remaining fuselage from derailed train -railway

NEW YORK (Reuters) – The last of six Boeing Co fuselages damaged in a train derailment were expected to be recovered on Tuesday, the railway said, clearing the way for full train service to resume.

But it remained unclear when Boeing’s assessment of the damage to its aircraft parts would be finished.

Jul 6, 2014

Boeing to feel little impact from train derailment -analysts

NEW YORK, July 6 (Reuters) – Boeing Co will easily
recover financially from a 19-car train derailment in Montana
last week that sent three fuselages for its popular 737 jetliner
tumbling down a steep embankment toward a river and damaged
other plane parts, analysts said on Sunday.

The 90-car train was carrying a total of six 737 fuselages
and pieces of Boeing 777 and 747 aircraft from supplier Spirit
Aerosystems in Wichita, Kansas, when it derailed on
Thursday about 18 miles (28.9 km) east of Superior, Montana.

Jul 6, 2014

U.S. moves toward opening skies for commercial drones

SEATTLE/NEW YORK, July 6 (Reuters) – The U.S. air safety
regulator is drafting rules to permit small drones to be used
for commercial purposes, a step toward allowing remote-control
planes and helicopters to be deployed for everything from TV
news coverage to monitoring crops.

Media companies, energy companies, farmers and other groups
have been pressuring the Federal Aviation Administration to lift
its ban on flying drones, known as unmanned aerial systems
(UAS), for commercial use. Late last month, the agency’s
watchdog said the FAA was likely to miss the Sept. 30, 2015
deadline that Congress set for integrating drones into the
national airspace.

Jul 1, 2014

American Airlines close to $2.6 billion order for CFM engines -sources

SEATTLE, July 1 (Reuters) – American Airlines Group
is close to finalizing an order for 200 CFM International
engines, worth $2.6 billion at list prices, to equip 100 Airbus
Group NV A320neo jetliners that the airline has on firm
order, according to three people familiar with the matter.

The deal between the world’s largest airline and CFM
International, a joint venture between General Electric Aviation
and Safran SA of France, marks a loss for United
Technologies Corp’s Pratt and Whitney unit, which makes
the other engine offered on the A320neo.

Jun 30, 2014

Boeing delivers first 787-9 to Air New Zealand

SEATTLE, June 30 (Reuters) – Boeing Co contractually
delivered its first 787-9 to Air New Zealand on Monday,
allowing Boeing to book the delivery of the new, stretched
Dreamliner in its second-quarter results.

Delivery of the 787-9, the latest of Boeing’s
carbon-composite aircraft, marks a major milestone for Boeing,
showing the company’s ability to move rapidly and on schedule
through design, fabrication and testing.

Jun 25, 2014

Exclusive: Virgin America flight attendants to hold union vote

SEATTLE (Reuters) – Flight attendants at Virgin America are due to begin voting next month on whether to join a union, which would be the first at the California-based airline.

The balloting by about 850 eligible flight attendants on whether to be represented by the Transport Workers Union (TWU) is due to begin July 16 and run through Aug. 16, the union and the National Mediation Board said on Wednesday.

Jun 25, 2014

Virgin America flight attendants to hold union vote

SEATTLE, June 25 (Reuters) – Flight attendants at Virgin
America are due to begin voting next month on whether to join a
union, which would be the first at the California-based airline.

The balloting by about 850 eligible flight attendants on
whether to be represented by the Transport Workers Union (TWU)
is due to begin July 16 and run through Aug. 16, the union and
the National Mediation Board said on Wednesday.