Weekly Roundups

The Week in Aerospace: United Airlines Buys Airbus jets to Replace its Boeing’s Fleet

Fri, 12/06/2019 - 11:31

This week Boeing made the headlines again. United Airlines inked a deal with Airbus for 50 jets that will be used for transatlantic travel, which will replace the airline’s old Boeing 757-200s starting in 2024. Executive Vice President and CCO of United Airlines Andrew Nocella said this will be “an ideal one-for-one replacement for the older, less-efficient aircraft currently operating between some of the most vital cities in our intercontinental network.” Days after, Boeing announced it will host industry members at its 737 Max factory in charm offensive for its beleaguered plane. Meanwhile, Boeing Commercial Airplanes Chief Engineer John Hamilton, who was leading the fix in the 737 Max crisis that killed 157 people, is retiring.

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  • Investments in the country's airports, including the National Investment Agreement, did not surprise the stock market because these transactions were already on the radar, analysts said to El Economista. However, stocks of the Southeast Airport Group (Asur), Pacific Airport Group (GAP) and the Centro Norte Airport Group (OMA) fell on the Mexican Stock Exchange (BMV) since the announcement, on Tuesday, November 26.
  • South African Airways has received a US$273 million lifeline from banks and the country's government as part of a business rescue process.