Laurence Frost
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Boeing engine blowouts investigated as older 777s are suspended

Boeing engine blowouts investigated as older 777s are suspended

By , , (Reuters) - Showers of jet engine parts over residential areas on both sides of the Atlantic have caught regulators’ attention and prompted the suspension of some older Boeing Co planes from service.Saturday’s incidents involving a United Airlines 777 in Denver and a Longtail Aviation 747 freighter in the Netherlands put engine maker Pratt & Whitney in the spotlight, though there is no evidence they are related.Pratt & Whitney, which is owned by Raytheon Technologies Corp, said it was coordinating with regulators to review inspection protocols. It is expected to increase...

February 21, 2021
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Airlines set to lose $157 billion amid worsening slump - IATA

Airlines set to lose $157 billion amid worsening slump - IATA

By PARIS (Reuters) - Airlines are on course to lose a total $157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.The International Air Transport Association (IATA), which in June had forecast $100 billion in losses for the two-year period, said it now projects a $118.5 billion deficit this year alone, and a further $38.7 billion for 2021.The bleak outlook underscores challenges still facing the sector despite upbeat news on development...

November 24, 2020
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