Michael Bruno

Michael
Bruno

Articles

Embraer posts 2018 net loss, Boeing deals may slip to end of year
Embraer delivered 90 commercial aircraft last year, the manufacturer confirmed March 14, in line with what the company advised in January, but its financial results for 2018 and expectations over closing two Boeing mergers left analysts and investors underwhelmed.
Embraer shareholders approve Boeing buyout 
Boeing and Embraer expect to close their deal-making over commercial and defense aircraft joint ventures (JVs) by year’s end, the two manufacturers said Feb. 26, after Embraer shareholders approved the proposals.
IFC provider Gogo expects investors, no longer considering sale
Inflight connectivity (IFC) provider Gogo, which was once considering selling or splitting up the company, now expects to close on a large investment this year as it eyes major growth—a dramatic turnaround for a company seemingly on the brink of collapse just last summer.
Boeing, Spirit AeroSystems train for 57-per-month 737 production rate 
Boeing and Spirit AeroSystems, a subassembly provider to Boeing 737 and other commercial programs, are practicing for a narrowbody production rate of 57 aircraft a month in Wichita, Kansas.
Boeing 737 MAX 7 in new “Boeing Blue” livery
Boeing embeds more workers at CFM, suppliers to boost production 
Boeing is embedding more employees at factory sites of engine-maker CFM International and its suppliers as the aircraft OEM tries to help its supply chain overcome narrowbody production rate ramp issues that linger from 2018, even as industry looks to boost manufacturing again this year.
Credit Analysts: Boeing buyoff will leave Embraer weaker 
Credit analysts say Boeing’s purchase of most of Embraer’s commercial aircraft business (and rights to sell military KC-390s) may be a boon to the US manufacturer, but the Brazilian company will be left with a weaker profile for the near future.
Brazil president approves Boeing-Embraer deal 
The office of Brazil’s new president Jair Bolsonaro said he would not block Boeing’s proposed purchase of 80% of Embraer’s commercial business.
Boeing to pay $4.2 billion for Embraer commercial business 
Boeing and Embraer have hammered out terms of their proposed commercial business merger, including a Brazil-based management that reports to Boeing chairman, CEO and president Dennis Muilenburg, as well as for a joint venture (JV) to make and sell the medium-lift KC-390 military transport aircraft.
Honeywell to move global HQ to North Carolina 
Honeywell said Nov. 30 it plans to move its corporate headquarters to Charlotte, North Carolina, from Morris Plains, New Jersey.
UTC closes Rockwell Collins deal; will divest non-aero companies 
United Technologies Corp. (UTC) closed on its record-making $30 billion acquisition of Rockwell Collins Nov. 26, and announced it will spin off non-aerospace business units Carrier and Otis Elevator Co. and become a pure-play, potentially $50 billion Tier 1 aerospace parts, engines and services provider.
Inmarsat, Panasonic Avionics partner on inflight connectivity 
Satellite communications specialist Inmarsat and Panasonic Avionics announced Sept. 19 they will combine their broadband inflight connectivity (IFC) services in a “landmark” deal to offer IFC to commercial aviation customers.
CAE reports 1Q net income up 16.4% on increased pilot demand 
The dramatic demand to train a new generation of pilots is boosting Montreal-based flight-simulator manufacturer CAE’s bottom line and setting the company for sustained growth, executives said Aug. 14 while unveiling the latest quarterly results and forecast for its 2019 financial year started April 1.
Gogo company overhaul includes possible sale 
Inflight connectivity provider Gogo is considering a sale, splitting up the company or other exit plans, and has been approached with a “number of inquiries in the past few weeks,” top executives said in a July 13 teleconference.
Boeing CEO Dennis Muilenburg and Economic Club’s David Rubenstein
Boeing insists on ‘level playing field’ with Airbus in Iran developments 
Boeing chief executive Dennis Muilenburg has said making sure Airbus and Boeing are held to the same requirements or given the same opportunities in any Iranian aircraft sales will be the top priority now that President Donald Trump is withdrawing from the Iranian nuclear deal.
EU Commission approves Rockwell Collins sale to UTC after divestitures 
The European Commission has cleared the way for United Technologies Corp. (UTC) to buy Rockwell Collins, assuming the divestiture of businesses in actuators, pilot controls, ice protection and oxygen systems.
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