Airframers – Page 123
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NewsLeonardo finances hit by airline crisis after strong start to year
Italian group suspends 2020 guidance as commercial market collapse throws outlook into uncertainty
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NewsBombardier Aviation eyes production cuts as virus hammers demand
The coronavirus pandemic has eroded demand for business jets, accelerated Bombardier’s cash burn and will lead the company to slow aircraft production.
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NewsMitsubishi to close CRJ purchase on 1 June
Mitsubishi Heavy Industries (MHI) intends to close its $550 million purchase of Bombardier’s CRJ aircraft programme on 1 June.
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NewsAerospace manufacturers and airports seek more US government cash
US aerospace manufacturers and airports asked lawmakers for more financial aid during a 6 May hearing, while the nation’s top airline lobbyist warned of his sector’s precarious position.
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NewsSpirit Q1 finances hammered by 737 Max grounding and pandemic
Spirit AeroSystems posted a $163 million first quarter loss and warned of an uncertain future as the impact of the coronavirus pandemic and ongoing Boeing 737 Max grounding hit hard.
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Airline BusinessAsia’s bullish LCC orderbook confronts a bear trap
Following epic orders in the aviation bull market of the 2010s, Airbus and Boeing have significant exposure to the fate of the four major low-cost carrier groups in the Asia-Pacific. The 2010s were a heady time for Asia-Pacific low-cost carrier bosses such as AirAsia’s Tony Fernandes, Lion Air’s Rusdi Kirana, ...
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NewsDe Havilland Canada resumes some operations following coronavirus shutdown
Some employees of De Havilland Canada have returned to work, marking a resumption of operations six weeks after the company shuttered facilities due to the coronavirus pandemic.
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NewsGE Aviation expands job cuts to 25% of global workforce
US engine maker GE Aviation is reducing its global workforce by some 13,000 employees as part of a plan to better align its business with reduced rates of commercial aircraft production.
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NewsGermany’s Airbus suppliers ‘face ruin’, warns trade association
BDLI says that unless at least 50% of pre-crisis production resumes soon, many smaller companies could go out of business
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NewsBoeing clinches $25 billion in milestone capital raise
Boeing is raising $25 billion in a multi-tranche bond offering, as it buffers liquidity amid an air travel downturn that could take years from which to recover. In March, as the pandemic shut down air travel globally, Boeing had suggested that the broader US aerospace and manufacturing sector might require ...
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NewsSpirit lays off another 1,450 staff due to airframer production cuts
Spirit AeroSystems will lay off more than 1,450 additional staffers in response to Boeing’s and Airbus’ plans to reduce commercial aircraft production rates.
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NewsSafran keeps close watch on supply chain for signs of coronavirus stress
Safran is monitoring its entire global supply chain for signs of weakness amid the coronavirus pandemic, with the aerospace giant ready to deploy a range of remedies for the most seriously afflicted.
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OpinionEmbraer must present convincing ‘Plan B’
Collapse of merger with Boeing leaves the Brazilian airframer needing to detail an alternative.
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NewsSecond 777X test aircraft makes maiden flight
Boeing’s second 777-9 flight-test aircraft took to the skies for the first time on 30 April, departing Paine Field and landing nearly 3h later at Boeing Field in Seattle.
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NewsTextron Aviation squeaks out Q1 profit as aircraft deliveries tumble
Textron Aviation’s first-quarter profit tumbled 97% year-on-year to $3 million due largely to an idle factory floor and sagging aircraft sales amid the coronavirus pandemic.
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AnalysisIs Embraer-China tie-up an inevitable marriage or case of strange bedfellows?
The Brazilian government was quick to suggest Embraer cosy up to China, after a proposed partnership with Boeing fell through. Would such a relationship work, and what is at stake?
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NewsBoeing CEO dismisses major new commercial product launches amid pandemic uncertainty
Boeing will not unveil a major new aircraft programme anytime soon, but will continue investing funds into updates to existing products and efforts to develop next-generation manufacturing and design processes.
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NewsBoeing anticipates Q3 return of 737 Max
Boeing believes it will resume 737 Max deliveries in the third quarter of 2020, with chief executive David Calhoun saying the company is progressing well through certification work despite challenges posed by coronavirus.
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NewsBoeing has time to review 787 production strategy in light of rate cuts: CEO
Boeing has no immediate plan to restructure its 787 manufacturing footprint despite announcing a major cut in production.
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OpinionWhy industry can benefit from enforced hiatus in airliner production
Rates are being slashed as demand slumps - but this will provide crucial breathing space for stretched industry