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Spirit AeroSystems Secures $350M Advance Payments Agreement with Boeing

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Spirit AeroSystems has announced an Advance Payments Agreement with Boeing, under which Boeing will provide advance payments totaling up to $350 million. This financial commitment is intended to support Spirit’s production of Boeing components, ensuring that production rates meet Boeing’s requirements. This agreement marks a significant step in Spirit AeroSystems’ collaboration with Boeing, as the funding will provide crucial capital…

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Spirit AeroSystems Secures $107M Line of Credit from Airbus

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Spirit AeroSystems, based in the United States, has announced the signing of a Second Amended and Restated Memorandum of Agreement with Airbus. Under this revised agreement, Airbus will extend a $107 million non-interest-bearing line of credit to Spirit AeroSystems, aimed at enhancing Spirit’s operational flexibility and supporting its production commitments. This financial arrangement underscores the close partnership between Airbus and…

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Ashland Place Finance Completes Facility to Finance B737-800 Acquisition

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Ashland Place Finance, a US-based financing company, has announced the completion of a new financing facility to support the acquisition of a Boeing 737-800. This financing arrangement has been made in collaboration with Crestone Air Partners, Air T, and Mill Road Capital Management, who are jointly involved in the acquisition. The new facility underscores Ashland Place Finance’s commitment to providing tailored…

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Qanot Sharq Launches New Tashkent-Sanya Route with A321neo

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Qanot Sharq, an airline based in Uzbekistan, has officially launched its new route from Tashkent to Sanya, with the inaugural flight taking place on November 4, 2024. This new service, operated by an Airbus A321neo, connects Uzbekistan’s capital with the popular tourist destination of Sanya in China’s Hainan province. The route aims to facilitate travel between Central Asia and one of…

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Greater Bay Airlines to Launch Hong Kong-Tunxi Service in December

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Greater Bay Airlines is set to launch a new scheduled service between Hong Kong and Tunxi on December 4, 2024, utilizing a Boeing 737-800 aircraft. This new route expands Greater Bay Airlines’ network within East Asia, offering travelers a direct connection between Hong Kong and the scenic city of Tunxi, located in China’s Anhui Province. The route is expected to serve tourists and…

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Air Astana to Launch Direct Astana-Phu Quoc Flights in December

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Air Astana, the national airline of Kazakhstan, has announced the launch of direct flights from Astana to Phu Quoc, Vietnam, scheduled to commence on December 3, 2024. The service will be operated by the Airbus A321LR, an extended-range variant designed to provide greater efficiency and comfort on longer routes. This new route marks Air Astana’s continued expansion into Southeast Asia, catering to both leisure…

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Southwest Airlines Offers Buyouts Amid Boeing Delivery Delays Impacting Flights

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Southwest Airlines is extending buyout offers to employees at 18 airports across the United States, citing a need to adjust operations due to aircraft delivery delays from Boeing. These delays have forced Southwest to scale back its flight schedule, impacting staffing needs at certain locations. By offering voluntary buyouts, the airline aims to manage operational costs and realign its workforce in response to…

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Boeing Settles with Family of Ethiopian Airlines Crash Victim, Avoiding Federal Trial

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Boeing has reached a last-minute settlement with the family of a woman who was tragically killed in the 2019 Ethiopian Airlines B737 MAX crash. This agreement allows Boeing to avoid a federal civil trial that was scheduled to proceed, offering closure to one of the many families affected by the disaster. The Ethiopian Airlines crash, involving a Boeing 737 MAX aircraft, was…

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Boeing’s Elizabeth Lund to Retire as Head of Quality, Doug Ackerman Named Successor

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Boeing has announced the upcoming retirement of Elizabeth Lund, the Head of Quality for Commercial Airplanes, set for December 2024. Lund, a longstanding leader in Boeing’s quality division, will be succeeded by Doug Ackerman, currently VP of Supply Chain and Fabrication Quality. Lund’s retirement marks the end of a distinguished career dedicated to maintaining Boeing’s quality standards, particularly in the commercial…

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easyJet Extends Maintenance Contract with Lufthansa Technik Milan for A320 Fleet

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easyJet, a leading UK-based low-cost airline, has recently signed a three-year extension to its existing maintenance contract with Lufthansa Technik Milan. This renewed agreement covers recurring light base maintenance checks for easyJet’s A320 family fleet. The collaboration ensures that easyJet’s fleet receives regular, high-quality maintenance services, supporting its operational reliability and safety across European routes.