ARC NEWS
Boeing agrees to pay Embraer $150m over joint-venture termination
September 17, 2024
Embraer and Boeing have concluded arbitration proceedings that followed Boeing's April 2020 termination of a master transaction agreement, under which the two companies intended to launch a joint venture comprising Embraer's commercial aviation business and a second joint venture to develop new markets for the C-390 Millennium military aircraft and air mobility aircraft. Boeing at that time said it was exercising its rights to terminate the deal "after Embraer did not satisfy the necessary conditions". Embraer in response said that Boeing had "wrongfully terminated" the agreement and "manufactured false claims", and subsequently sought damages against Boeing and commenced arbitration. Brazil-based Embraer notes in a 16 September US Securities and Exchange Commission filing that "pursuant to a collar agreement recently entered into between the parties, Boeing will pay the gross amount of $150 million to Embraer". Boeing says that it is "pleased to have concluded the arbitration process with Embraer". The US airframer adds: "More broadly, we are proud of our more than 90 years of partnership with Brazil and look forward to continuing to contribute to the aerospace industry in Brazil."


United makes wi-fi deal with Starlink
September 16, 2024
United Airlines has signed an agreement with SpaceX to bring Starlink's wi-fi service to its mainline and regional aircraft fleet. The US major expects to add Starlink's service on all its aircraft – more than 1,000 jets – during the next several years. Testing begins early next year, with the first passenger flights expected later that year, says the carrier. It adds that the "high-speed, low-latency" Starlink service will be free. It notes that the passengers will have the connectivity on their seatback screens along with on their personal devices. "Everything you can do on the ground, you'll soon be able to do on board a United aircraft at 35,000 feet, just about anywhere in the world," states United chief executive Scott Kirby. Starlink is operated by Starlink Services, a wholly owned subsidiary of SpaceX, which was founded by billionaire Elon Musk.


LATAM to invest $360 million in 787 cabin renewals
September 16, 2024
LATAM Airlines Group plans to refurbish 24 of its Boeing 787s, upgrading the cabin interiors with new seats, onboard entertainment and design enhancements with a total investment of $360 million. The refurbishment process started in September at its maintenance bases in Sao Carlos, Brazil, and Santiago, Chile and is expected to be completed by mid-2026, the carrier says. Of the 24 aircraft to undergo retrofit, 10 are 787-8s for the Chilean domestic market and 14 are 787-9s, operating in Chile, Brazil and Peru.


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