Industry
Aerospace
Troubles abound, Boeing losses bloom to US$2.4B in 2Q
Boeing has 450 finished Max jets stacking at various locations
Cascade Aerospace awarded Bangladesh Airforce contract
Will perform inspections, overhaul components and provide additional maintenance work.
Air Transat signs deal to use jet fuel made from captured CO2
SAF+ Consortium is setting up a pilot plant in Montreal to make the kerosene used for synthetic jet fuel.
Japan to boost space co-operation with U.S. in revised policy
Japan will seek to co-operate with the U.S. in sending astronauts on an American lunar mission
Virgin Galactic inks NASA deal for commercial space flights
Company to recruit candidates interested in purchasing private missions to the space station.
Bombardier chairman defends $17.5M severance for former CEO
Beaudoin tells shareholders the board “respected the company’s contractual obligations” to the former chief executive.
Temperature screening to be required at Canadian airports
Feds are taking a phased approach to implementing temperature screening.
WestJet releases July schedule for air travel
Airline continues to focus on significant safety and hygiene enhancements to ensure a safe travel journey
Bombardier to be dropped from S&P/TSX composite index
Company says the move doesn’t change anything in terms of its liquidity and status as an actively traded stock on the TSX.
Bombardier will cut 2,500 jobs from its aviation side
Most reductions will impact manufacturing operations in Canada and take place progressively throughout the year.
Shareholder group objects to former Bombardier CEO special payment
Advisory agency says practises raise “serious questions” given the company’s weak financial performance before his dismissal.
Bombardier exits commercial jets with closure of US$550M CRJ deal
Paves the way for the aircraft manufacturer to focus on its sole future income stream – private jets.
Boeing slashes 12,000 jobs as virus seizes travel industry
Aerospace giant said it would cut 10% of a workforce that numbered about 160,000.
First commercial space taxi a pit stop on Musk’s Mars quest
Space is becoming the domain of private firms, with eccentric Elon Musk’s SpaceX at the forefront.
CAE foresees ‘major disruptions’ into autumn due to COVID-19
CEO Marc Parent believes 2020-21 “will be a tale of two halves” for the flight simulator manufacturer.
