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A federal court in New York authorised the seizure of a USD 25 million Boeing 737 owned by a Russian energy company, citing US sanctions against Russia in response to its invasion of Ukraine, US authorities said on Wednesday. The aircraft is owned by PJSC Rosneft Oil Co., headquartered in Moscow and led by sanctioned oligarch Igor Ivanovich Sechin. The court found probable cause that the aircraft, which has not been in the US since 2014, could be seized by the US based on violations of the Export Control Reform Act. Today's enforcement action demonstrates there is a price to pay for Russian companies and oligarchs that flagrantly evade sanctions that the United States has imposed in response to the unjustified war against the people of the Ukraine, Breon Peace, the US attorney in Brooklyn, said in a news release. Rosneft Oil did not immediately respond to an email seeking comment. The action is part of a continuing effort to diminish Russian wealth after its invasion of ...
Tata Boeing Aerospace Limited (TBAL) on Tuesday said it has shipped the first vertical fin structure for the Boeing 737 aircraft from its state-of-the-art facility in Hyderabad. The vertical fin will be delivered to the Boeing manufacturing facility in Renton, WA, for integration into the final Boeing 737 aircraft, a Tata Advanced Systems Limited (TASL) statement said. In 2021, TBAL added a new production line to manufacture vertical fin structures for the 737 family of airplanes. Tata Boeing Aerospace Limited is an example of Boeing's commitment towards co-development of integrated systems in aerospace and defence in India for the world, and a reflection of the country's Aatmanirbhar Bharat capabilities. The speed and quality with which the first vertical fin has been manufactured is a testament to TBAL's skilled workforce, engineering talent, and world-class manufacturing prowess. said Boeing India President Salil Gupte. Successful shipment of the first vertical fin structure for
Boeing said Tuesday it took more than 200 net orders for passenger airplanes in December and finished 2022 with its best year since 2018, which was before two deadly crashes involving its 737 Max jet and a pandemic that choked off demand for new planes. The biggest boost came from United Airlines, which placed large orders for both the 737 Max and the larger, twin-aisle 787, which is used mostly on international routes. Bank of China Aviation also placed a significant order for 40 Max jets, Boeing said. Boeing reported 774 orders for all of 2022, after subtracting cancellations. That was an increase from 479 the year before and a rebound from 2020, when the company lost 471 more orders than it gained. Boeing said it delivered 69 planes in December, including 53 Maxes. Of those, Southwest took 18, which was a one-month record for any airline customer, Boeing said. The company reported delivering 480 planes for the year. Deliveries are an important source of cash because buyers ...
Aviation regulator DGCA on Wednesday deregistered two more Boeing 737 planes of SpiceJet following non-payment of dues to lessors. With the latest deregistration, a total of six Boeing 737 aircraft of the budget carrier have been deregistered in August. Boeing ?737-800 aircraft VT-SPU and Boeing 737-900ER aircraft VT-SGQ have been deregistered under IDERA on August 31, according to a senior official at the Directorate General of Civil Aviation (DGCA). Under the Cape Town Convention, lessors and lenders can seek deregistration of a leased aircraft in case there is a default. Such requests are done under Irrevocable De-registration and Export Request Authorisation (IDERA). In recent months, SpiceJet has been facing turbulent times, including financial headwinds. In July, the regulator directed the airline to operate only 50 per cent of flights in the wake of many of its planes facing technical issues. On Wednesday, the carrier reported a net loss of Rs 789 crore for the three months