Aircraft manufacturing

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)
August 08, 2020 - 4:30 pm
OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the...
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August 07, 2020 - 8:36 pm
Federal employees overseeing Boeing and other aircraft makers say they face pressure from the companies and fear retribution from their own bosses if they raise too many safety concerns, according to a survey of the workers that was delivered to Congress on Friday. Many of the Federal Aviation...
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FILE - In this March 31, 2017, file photo, Boeing employees stand near the new Boeing 787-10 at the company's facility in North Charleston, S.C. Federal officials are seeking to fine Boeing $1.25 million, saying Wednesday, Aug. 5, 2020, that company managers pressured employees who were designated to perform safety-related work at the plant. The Federal Aviation Administration said that for nearly two years Boeing made employees doing safety checks report to managers who weren't in position to oversee the work. (AP Photo/Mic Smith, File)
August 05, 2020 - 8:23 pm
Federal officials are seeking to fine Boeing $1.25 million, saying Wednesday that company managers pressured employees who were designated to perform safety-related work for the government at an aircraft factory in South Carolina. The Federal Aviation Administration said that over a nearly two-year...
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July 30, 2020 - 2:58 am
PARIS (AP) — European plane maker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash. The company, based in France, said Thursday that its deliveries fell almost 50% to 196, with revenue sliding almost 40%...
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Sen. Lindsey Graham, R-S.C., center, speaks during a news conference on on Capitol Hill in Washington, Monday, July 27, 2020, to highlight the Republican proposal for the next coronavirus stimulus bill. Joining Graham, from left, is Senate Majority Leader Mitch McConnell of Ky., Sen. Roy Blunt, R-Mo., Sent. Tim Scott, R-S.C., and Sen. Richard Shelby, R-Ala. (AP Photo/Susan Walsh)
July 28, 2020 - 8:43 pm
WASHINGTON (AP) — A new $1 trillion COVID-19 response package by Senate Republicans is supposed to give the government more weapons to battle the surging coronavirus pandemic. But GOP lawmakers have more than just the “invisible enemy” in mind. The Republican measure includes billions for F-35...
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This undated artist rending provided by the U.S. Air Force shows a U.S. Air Force graphic of the Long Range Strike Bomber, designated the B-21. The Air Force expects to spend at least $55 billion to field an all-new nuclear-capable bomber for the future, the B-21 Raider, at the same time the Pentagon will be spending hundreds of billions of dollars to replace all of the other major elements of the nation's nuclear weapons arsenal. The Air Force also is investing heavily in new fighters and refueling aircraft, and like the rest of the military it foresees tighter defense budgets ahead. (U.S. Air Force via AP)
July 25, 2020 - 12:26 am
WHITEMAN AIR FORCE BASE, Mo. (AP) — In the topsy-turvy world of U.S. strategic bombers, older and uglier sometimes beats newer and snazzier. As the Air Force charts a bomber future in line with the Pentagon's new focus on potential war with China or Russia, the youngest and flashiest — the stealthy...
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July 02, 2020 - 6:02 pm
Federal officials said Thursday that airlines should consider limiting capacity on planes to promote social distancing, but they are not considering making the airlines do it. The officials also recommended — but did not move to require — that travelers wear face coverings in airports and on planes...
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FILE - In this Tuesday, Feb. 11, 2020 file photo, visitors are seen at the booth of Airbus during the opening trade day of the Singapore Airshow 2020 in Singapore. European aircraft manufacturer Airbus says it plans to shed 15,000 jobs over the next year, with jobs mostly being lost in Europe. Airbus is struggling with the financial hit of the coronavirus pandemic. It said Tuesday, June 30 that it doesn't expect air traffic to recover to pre-COVID levels before 2023 and potentially as late as 2025. (AP Photo/Danial Hakim, file)
June 30, 2020 - 2:03 pm
PARIS (AP) — European aircraft manufacturer Airbus said Tuesday it plans to eliminate 15,000 jobs over the next year, mostly in Europe, as it struggles with the financial hit of the coronavirus pandemic. “With air traffic not expected to recover to pre-COVID levels before 2023 and potentially as...
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FILE - In this Dec. 11, 2019, file photo, a Boeing 737 Max being built for Norwegian Air International taxis for a test flight, at Renton Municipal Airport in Renton, Wash. Key senators say the Federal Aviation Administration is stonewalling their attempt to get documents that might explain how the agency approved the Boeing 737 Max, which remains grounded more than a year after two deadly crashes. Senate Commerce Committee Chairman Roger Wicker, a Republican from Mississippi, said Wednesday, June 17, 2020 that the FAA has failed to respond to more than half of his committee’s requests for documents. (AP Photo/Ted S. Warren, File)
June 30, 2020 - 4:50 am
COPENHAGEN, Denmark (AP) — Low-cost carrier Norwegian Air Shuttle said Tuesday it has cancelled its 97 outstanding orders for planes from U.S. manufacturer Boeing. Norwegian said in a statement it had terminated the purchase agreements of five 787 Dreamliners and 92 737 MAX aircraft. The Oslo-based...
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Michael Stumo holds a sign displaying photographs of the individuals who were killed in the March 10, 2019, crash of Ethiopian Airlines flight 302, as Federal Aviation Administration administrator Stephen Dickson testifies during a hearing of the Senate Commerce, Science, and Transportation Committee on Capitol Hill on Wednesday, June 17, 2020, in Washington. (Graeme Jennings/Pool via AP)
June 17, 2020 - 6:47 pm
Senators of both parties lashed out at the Federal Aviation Administration on Wednesday, accusing it of stonewalling their attempts to understand how the agency approved a Boeing jet that later suffered two deadly crashes and whether it retaliates against whistleblowers in its ranks. Roger Wicker,...
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