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February 17, 2024

Airbus Reports 2023 Results

Surprisingly Good Year for Boeing Rival - Will The Lucky Streak Continue?

Airbus reported its 2023 financial results for fiscal year 2023, capping the year with an EBITDA of €5.8 billion on revenues of €65.4 billion. Capping off a year that saw 2,319 commercial aircraft orders, the fight against their yankee rival Boeing is Airbus' to lose. Net orders remained strong, at 2,094 aircraft to only 820 for the same span in 2022. That brought the total Airbus backlog to just under 8,600 aircraft on the commercial side. Airbus Helicopters saw less stark growth from 2022, seeing its net orders rise to 393 from 362 the year before. Airbus Defence and Space saw its order intake rise by 15%, thanks to a 4th quarter order for 16 new C295 aircra

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Air Canada Pilots See Progress in Mediation

No Strikes, Lock-Outs Until June 1 At the Earliest

Aviators for Air Canada have made some headway in their contract talks according to negotiators, increasing the possibility they could tighten up their compensation with American peers. "We found that using this professional mediator in this private mediation agreement is starting to get the ball rolling. Right now, we're committed to negotiating at the table,” said Charlene Hudy, head of the local Air Canada union. "If we get to that point where there is an actual impasse at the table, then we would look at exercising our rights." For the time being, a detente has been agreed upon that keeps both company and union from filing for conciliation until June 1st, 2024. That should mean summ

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Gol to Assess LATAM

Carrier Alleges Vulturing After Chapter 11 Announcement

Bankrupt Brazilian carrier Gol has obtained approval via the US courts to prove LATAM Airlines activities in the immediate wake of the former's bankruptcy announcement, believing the Chilean rival sought to 'poach' pilots, pax, and planes in the hubbub. LATAM allegedly made the best of the announcement, reaching out to lessors of Gol aircraft to feel out an acquisition of the airline's Boeing 737 and MAX planes - that stuck out to Gol, since LATAM is an Airbus operator, and hasn't expressed interest in Boeing for years. Job listings for LATAM in Brazil reached out to Boeing-typed pilots, too, and Gol thinks it was all part of a multi-pronged scheme to hoover up as much of the bankrupt ca

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