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European airlines are grappling with declining profits amid rising operational costs and delivery delays from Boeing. Ryanair reported an 18% drop in profits, while Air France-KLM's earnings fell short of expectations due to reduced travel during the Paris Olympics. British Airways' parent company, IAG, posted strong profits, contrasting with its competitors' struggles.
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An audit by the Department of Defense revealed the Air Force overpaid nearly $1 million for C-17 spare parts, including exorbitant prices for lavatory soap dispensers. Boeing disputes the findings, citing comparisons with commercial items. The report highlights significant oversight issues within the Air Force's procurement processes.
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Boeing workers have ratified a new contract, ending a seven-week strike that halted production. The International Association of Machinists and Aerospace Workers reported that 59% of members approved a deal featuring a 38% pay increase over four years, but the company declined to restore a frozen pension plan.
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Riyadh Air has announced an order for 60 Airbus A321neo aircraft, aiming to launch flights next summer and connect over 100 global destinations by 2030. This deal is part of Saudi Arabia's strategy to enhance its aviation sector and boost tourism.
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On November 11, 2024, a Spirit Airlines flight was struck by gunfire while approaching Port-au-Prince, leading to a diversion to the Dominican Republic. The FAA has since suspended all flights to Haiti amid escalating gang violence, which has intensified following the appointment of a new interim prime minister.
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Hainan Airlines flight HU438 returned to Rome's Fiumicino Airport on November 10 after a bird strike caused an engine fire. Meanwhile, Qantas flight QF520 made an emergency landing in Sydney on November 8 due to a suspected engine failure. No injuries were reported in either incident.
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Comac's rebranded C909 regional jet aims to compete with Embraer's E2 series, focusing on short to medium-haul flights. Despite securing some orders, Comac faces challenges in international markets, particularly in the US and Europe, where certification remains a hurdle.
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Boeing plans to lay off nearly 2,200 workers in Washington state as part of a broader strategy to reduce its workforce by 10%. The layoffs come amid ongoing financial struggles and production issues following a recent strike by machinists. Affected employees will remain on payroll until mid-January 2025.