Aerospace
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Grounded Boeing plane takes a bigger bite out of airlines
American Airlines said its 2019 earnings will be reduced by US$400 million; Southwest Airlines said the grounding trimmed $175 million from its second-quarter operating profit
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Backers of Hawaii telescope tout benefits to humanity, jobs
An international consortium plans to build the US$1.4 billion Thirty Meter Telescope at the top of Mauna Kea, which some Native Hawaiians believe is sacred
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China makes first successful private orbital rocket launch
A Beijing-based rocket developer sent two satellites into orbit Thursday
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Profit flat as Southwest takes US$175M hit from Max jet
The loss of about 5% of its fleet is causing the airline to shrink rather than grow its passenger-carrying capacity
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American Airlines cuts pretax earnings by US$400M, blames Boeing 737 Max jets
That, plus an illegal work slowdown by mechanics angling for a better labour contract, are the cause of the slow summer earnings
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U.S. factory orders for large manufactured goods up 2% in June
The category, which tracks business investment, was propelled by demand for commercial aircraft and cars
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Boeing post loss of nearly US$3B in 2Q
Revenue plunged 35% from a year earlier, as the aircraft maker was unable to deliver any new Max jets
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Feds open bids to supply a new fleet of fighter jets [UPDATED]
The 88 jets are to replace the country’s aging CF-18s, which have been in service for more than 35 years
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Moon back in NASA’s court 50 years after 1st lunar landing
Project Artemis, as it’s called after the twin sister of Greek mythology’s Apollo, aims for a landing on the moon’s south pole
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Unifor head supports Air Canada’s bid for Transat, citing stability
“It’s about a common-sense business model that keeps people employed instead of an industry that’s based on making a quick buck,” says Jerry Dias
