Boeing Financial News

aviation regulator, DGCA, has issued a show-cause notice to Akasa Air for breaking several rules. After inspecting the airline's training records, the DGCA found that pilots were trained without the necessary approvals. The DGCA issued the notice after a surprise check revealed that practical training sessions were completed and simulated without the required regulatory permits. According to DGCA officials, “The Directorate General of Civil Aviation (DGCA) has issued a show-cause notice to Akasa Airlines concerning several regulatory breaches identified during a recent review. The violations pertain to non-compliance with Civil Aviation Requirements (CAR) 7/I/VII, CAR 7/I/I, and Rule 140C of The Aircraft Rules 1937.”

engineers at Boeing. Fast forward to the present day, and here is a new spectacle in space provided by Boeing. It's not awesome. Two astronauts, Suni Williams and Butch Wilmore, arrived at the International Space Station on June 6, expecting to stay for just over a week. Now they won't be heading back to earth until February. Their ride was on the Boeing Starliner spacecraft, now deemed by NASA to be too risky for the return trip thanks to a host of troublesome technical glitches.

Canada’s Flair Airlines Ltd. is in talks to raise funds that would help ease the debt burden at the budget carrier beset by aircraft repossessions, back taxes and a financial backer accused of fraud.

MH370 flight mystery has been surrounded by a number of claims and conspiracy theories. However, in spite of the searches, the missing plane couldn't be tracked. Now, an Australian researcher has claimed to detect what he called «perfect hiding place» for Malaysia Airlines MH370 flight. An adjunct researcher at the University of Tasmania Vincent Lyne has claimed that MH370 flight disappeared in the south-eastern Indian Ocean's 20,000ft-deep oceanic plateau «hole» — Broken Ridge. Malaysia Airlines plane MH370 flight with 239 on board went off the radar as the Boeing 777 aircraft flew over Vietnam's airspace during the scheduled journey to Beijing from Kuala Lumpur.

Ron Epstein, senior aerospace analyst at Bank of America, weighs in on the current state of the aerospace giant Boeing as the company names their new CEO.

NASA says it won't use Boeing's Starliner capsule to bring two stranded astronauts back to Earth

NASA has decided it’s too risky to bring two astronauts back to Earth in Boeing’s troubled new capsule

NASA's announcement Saturday that it won't use a troubled Boeing capsule to return two stranded astronauts to Earth is a yet another setback for the struggling company, although the financial damage is likely to be less than the reputational harm. Once a symbol of American engineering and technological prowess, Boeing has seen its reputation battered since two 737 Max airliners crashed in 2018 and 2019, killing 346 people. The safety of its products came under renewed scrutiny after a panel blew out of a Max during a flight this January. And now NASA has decided that it is safer to keep the astronauts in space until February rather than risk using the Boeing Starliner capsule that delivered them to the international space station. The capsule has been plagued by problems with its propulsion system.

₹3,000 crore fund infusion to reclaim its spot in the skies as it seeks to emerge from an unending series of struggles that have weighed it down for several years. The airline, which had almost shut down in 2014 due to financial distress, expects to get its grounded aircraft up again as it raises money from multiple sources. But it still has to contend with multiple challenges, including legal hurdles, millions of dollars in unpaid dues, and stiffer competition that has eroded its market share.

Sunita Williams may not return to Earth for quite some time. During an interaction with the media, NASA revealed that the astronaut and her colleague Butch Wilmore could stay in space for at least six more months. The space agency announced that they are considering extending the stay of two astronauts aboard the International Space Station (ISS) until early 2025 due to ongoing complications with Boeing's Starliner capsule. If NASA opts to bring the Starliner back without a crew, Butch and Suni would remain on the ISS until late February 2025. In this scenario, NASA would adjust the SpaceX Crew-9 mission, sending only two crew members instead of the usual four in late September. Butch and Suni would then return to Earth after the Crew-9 mission is completed early next year.

NASA astronaut Sunita Williams and her fellow astronaut Butch Wilmore potentially running out of food and oxygen during their extended stay in space. Initially slated to return after just eight days, their mission has been delayed by more than two months due to technical issues with the Boeing Starliner spacecraft. With these delays, the question of whether they have sufficient supplies to last until their safe return has come to the forefront.

NASA said on Thursday it expects to announce on Saturday its decision on whether the two astronauts who rode Boeing's glitchy Starliner spacecraft to the International Space Station will need a SpaceX vehicle to return to Earth. «NASA's decision on whether to return Starliner to Earth with astronauts aboard is expected no earlier than Saturday, Aug. 24 at the conclusion of an agency-level review,» the space agency said in a statement. Starliner launched its first two astronauts into space in June as a crucial test before it can receive NASA approval for routine flights. But what was supposed to be an eight-day mission docked to the ISS has been drawn out by months after the capsule sprang leaks and some of its thrusters failed.

NASA will decide this weekend whether Boeing's new capsule is safe enough to return two astronauts from the International Space Station, where they've been waiting since June

Rakesh Jhunjhunwala to launch a new airline. Jhunjhunwala made a risky bet and invested $35 million for a nearly 40 per cent stake in the airline under his wife’s name. Later, Jhunjhunwala is said to have increased stake with his family now holding around 46 per cent. Many called Jhunjhunwala the Warren Buffett of India for his legendary success in equity markets. If Jhunjhunwala had heeded to an observation once made by Buffett, he wouldn't have put his money into an airline, especially in a new airline in India which is known as the graveyard of airlines for so many of them going bust in initial years. “The worst sort of business is one that grows rapidly, requires significant capital to engender growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers," Buffett had said in a letter to the shareholders of his company. The risky bet of Jhunjhunwala, who died soon after the launch of the airline in August 2022, has now grown nearly fourfold in value, if a funding proposal is considered which values Akasa at over $350 million, more than four times the valuation at which the initial investment was made by the family of late Jhunjhunwala. ET has reported based on information from sources that a consortium of Premji Invest and Claypond Capital, the family offices of Wipro’s Azim Premji and the Manipal Group’s Ranjan Pai, respectively, are in talks to invest about $125 million for a significant minority stake in Akasa.

Butch Wilmore and Sunita Williams have been informed that they might not be rescued until February 2025. They are stranded on the International Space Station, more than 200 miles from Earth. The Boeing Starliner spacecraft that carried the American pair into space in June had helium leaks, so they will now have to spend eight months there instead of the originally scheduled eight days mission. In order to determine whether it is safe for them to return on the Boeing or if they will need to use one of Elon Musk's SpaceX vehicles, which are expected to arrive in February, the US space agency NASA is currently conducting tests. It's also not easy to live on the Space Station. Nine people are currently sharing the ISS's six sleeping quarters and two bathrooms. The scant supplies of water and food that come from Earth need to be handled with care.

Boeing is suffering setbacks on one of its planes that's already in use and on a new model of its popular 777 jetliner

Lufthansa Airlines Boeing 747 makes hard, bouncing landing at Los Angeles airport on Tuesday, video shows. Courtesy: Airline Videos Live via YouTube

On a video chat in early June from the International Space Station, Sunita Williams talked to a packed elementary-school gym in her Massachusetts hometown about how it feels to ride a rocket into space (like a roller coaster) and what life is like hundreds miles above the planet. “Being in space is a lot of fun," the 58-year-old astronaut said as her hair floated loosely in a dark halo around her head. She demonstrated a few flips, sipped tropical punch from a pouch and opened up about how people pass the time in the microgravity environment of Earth’s orbit.

The Justice Department is defending a plea deal it struck with Boeing over planes that crashed and killed 346 people

NASA says it's still deciding whether to keep two astronauts at the International Space Station until early next year and send their troubled Boeing capsule back empty

NASA needs to decide by the end of August whether to return two astronauts to Earth aboard Boeing's Starliner, which flew them to the International Space Station (ISS), or bring them home on a SpaceX craft, officials said Wednesday. NASA astronauts Barry «Butch» Wilmore and Sunita «Suni» Williams blasted off for the ISS on Starliner on June 5 for what was meant to be an eight-day stay. But their return has been delayed by thruster malfunctions that came to light during the first crewed mission to the ISS by the Boeing spacecraft.