All aerospace news – Page 315
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OpinionWhy strong supplier chain could save Boeing
With the world’s number one aerospace manufacturer facing a barrage of problems, from the Max grounding to the Covid-19 collapse in demand, Alex Krutz, manging director at Patriot Industrial Partners, considers whether a supply chain that is much more robust than in the past can be crucial to getting it through the crisis?
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NewsBOC Aviation chief sees 2020 deliveries at ‘lower end of 600-1,000’ range
Mainline jet deliveries will be heading down significantly this year as the impact of the coronavirus takes its toll from both a demand and supply-chain perspective, warns BOC Aviation chief executive Robert Martin.
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NewsMitsubishi to halve SpaceJet budget, review M100 development
Mitsubishi Aircraft’s parent company will review the development of a 76-seater variant of its regional jet programme nearly a year after its launch, as full-year losses related to the programme widened. Mitsubishi Heavy Industries (MHI) will also halve the budget allocated for the SpaceJet regional aircraft programme to Y60 ...
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NewsBranson to sell shares in Virgin Galactic to help troubled travel businesses
Richard Branson’s Virgin Group is looking to sell some of its stake in Virgin Galactic to help raise proceeds to support its troubled leisure, holiday and travel businesses.
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NewsLeonardo Helicopters spins up delivery solution to beat Covid-19 travel bans
Leonardo Helicopters is turning to technology to enable customer shipments despite the travel restrictions imposed by the coronavirus crisis which have caused a build-up of completed but undelivered aircraft at its prodution sites.
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OpinionFor SMEs, the crisis is only beginning
The situation could hardly be worse for Airbus, Boeing and first-tier suppliers. But for companies further down the supply chain it is. Highly geared and often dependent on a single customer, small- and medium-sized enterprises face a fight for survival as demand dries up. Their only hope is some sort of airline revival before it is too late
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NewsPost-pandemic MRO recovery ‘unclear’: SIAEC
Singapore Airlines’ MRO unit has warned that the pace of recovery from the coronavirus outbreak is “unclear” and will be slow, with base, engine and component maintenance likely to be impacted in the coming months.
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NewsRaytheon furloughs aerospace staff and slashes costs, warns of fallout in Q2
Raytheon Technologies has furloughed staff in its commercial aviation divisions and warns the coronavirus fallout will likely hammer those businesses’ results in the second quarter.
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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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OpinionWhy airlines must mind the training bubble
Getting carriers back into service at the end of this crisis could run up against a perhaps unexpected obstacle: a shortage of simulator capacity for pilots
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NewsOffshore helicopter firms await outcome of CH-148 crash investigation
Offshore helicopter operators will be waiting nervously for the outcome of investigations into the crash of a military helicopter off the coast of Greece in which six Canadian personnel were killed. The Royal Canadian Air Force (RCAF) Sikorsky CH-148 Cyclone anti-submarine warfare helicopter came down in good weather in the ...
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NewsElbit adds life-saving capability to Hermes 900
Israeli company says configuration gives UAV advantage over manned aircraft in long-distance maritime rescue scenarios
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NewsRolls-Royce prepares to cut workforce as civil engine outlook slumps
Rolls-Royce is expecting to detail to its personnel, by the end of May, the impact on the size of its civil aerospace workforce as it adapts to the collapse in air transport demand. It expects to deliver just 250 widebody aircraft engines this year, compared with its previous estimate of ...
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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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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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NewsA380 finally lands freighter role with LHT modification
German maintenance specialist Lufthansa Technik is working on a conversion for an Airbus A380 as part of its effort to offer temporary passenger-to-cargo modification services. Lufthansa Technik has not identified the customer but states that it has been awarded the technical and engineering task to support the “operational change” for ...
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NewsNetJets cuts aircraft deliveries and workforce amid coronavirus crisis
NetJets has more than halved the number of business jets it expects to receive in 2020, as demand for travel plummets on the back of the coronavirus pandemic. The firm has also the cut employee numbers at both its European fractional ownership operation and US-based Executive Jet Management (EJM) subsidiary by a quarter due to the weak operating environment.
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NewsFlybe administrators work to sell aircraft support operations
Administrators of collapsed UK regional carrier Flybe are finalising the sale of its aircraft support operation, Flybe Aviation Services, which has continued to trade. The EY administrators, in a statement of proposals, say they are aiming to complete the transaction “in the coming days” after receiving offers for the division. ...
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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