Michael Bruno

Michael
Bruno

Articles

Aircraft lessors stay resilient in face of challenges 
The global Boeing 737 MAX grounding is not dooming lessors' financial results and may even help in the short term.
Embraer E195-E2
Embraer 1Q results deepen analyst concerns 
Brazilian manufacturer Embraer, which is selling off most of its commercial aircraft business to Boeing, missed Wall Street’s expectations for the first quarter of 2019, leaving financial analysts increasingly worried worse could be to come.
Analysts: Lessors could benefit from Export-Import bank revival 
The Trump administration’s decision to put the US Export-Import Bank (EXIM) back in business is good news for aviation lessors, according to credit analysts.
Mauritania Airlines E175
Embraer delivers 11 commercial aircraft in 1Q
Embraer delivered 11 commercial aircraft in the 2019 first quarter, including the first E175 jet to Mauritania Airlines, the first of this model to the African continent.
Spirit AeroSystems suspends 2019 guidance after MAX production slowdown 
Aerostructures provider Spirit AeroSystems has suspended its financial guidance for 2019 and shelved stock buybacks, executives announced May 1, as the Wichita manufacturer tries to get a handle on costs and challenges from the Boeing 737 MAX production slowdown and groundings.
Boeing boosts liquidity against MAX costs 
Boeing has secured up to $5 billion in new debt and credit to cushion its balance sheet as costs rise related to the grounded 737 MAX.
Boeing shareholders reject push for independent chairman 
Boeing chairman, president and CEO Dennis Muilenburg appears likely to keep all those titles after company shareholders opted April 29 not to make the chairmanship an independent position.
Collins Aerospace sees earnings hit on MAX 
Collins Aerospace expects up to $0.10 of “headwind” on its earnings per share this year because of the Boeing 737 production slowdown and MAX groundings.
Airbus aircraft on US government’s list of proposed tariffs 
The Trump administration’s international trade representative has released a proposed list of European products to be hit with US sanctions, including Airbus aircraft.
Embraer names auto industry exec as new CEO 
Brazilian aircraft manufacturer Embraer has selected Francisco Gomes Neto, president of street bus body supplier Marcopolo, to be its next CEO and president, the company announced April 9.
Boeing cuts MAX production rate 
Boeing announced late April 5 it will slow 737 MAX production from 52 to 42 aircraft a month by mid-April, indicating that the type’s grounding and delivery halt will last longer than initially expected.
WTO rules US failed to halt Boeing subsidies 
An appellate body of the World Trade Organization (WTO) has upheld European and Airbus claims that the US side of an ongoing airliner manufacturing subsidies dispute failed to withdraw subsidies granted by Washington state, which Airbus proponents assert has helped lead to $15-$20 billion in harm.
Airbus hopes to double Skywise digital platform customers 
Airbus’ Skywise data sharing and analysis platform could double to 100 airline customers this year, top Airbus executives reportedly told an investor conference March 20.
Boeing exec: 737 MAX changes to be approved soon 
Changes to the 737 MAX as a result of the crash of Lion Air flight JT610 are expected to be approved by US authorities “in the coming weeks,” Boeing Commercial Airplanes’ (BCA) top salesman said March 21.
Slattery, Allen to lead Boeing-Embraer joint ventures 
Embraer’s John Slattery will be the first CEO of the Boeing-Embraer commercial aircraft joint venture (JV) the manufacturers expect to launch by the end of the year, reporting to Boeing’s Marc Allen, who will take a new position in charge of Boeing’s JVs with Embraer, the companies announced March 20.
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