CAE anticipates ‘year of two halves’ as pilot training takes hit
The Canadian company – market leader in full flight training devices and services – predicts a financial year of “two halves”, with “sharply lower demand and major disruptions to our operations” in the six months to September, followed by a “more positive” October to March 2021 as “markets potentially begin to reopen and travel restrictions ease”.
Aviointeriors promises new post-coronavirus seat design ‘in under six months’
Italian firm Aviointeriors believes it could begin delivering within as little as six months a new seat designed to encourage passengers to feel safe flying again once coronavirus restrictions are lifted.
HAECO rolls out passenger cabin freight stowage solution
HAECO’s cabin solutions unit has launched a new stowage concept which will allow airlines to combine passengers and cargo in the main cabin.
Slow recovery, suppliers to be hit hard: aerospace leaders predict
The current industry slump may push some aerospace suppliers out of business, and the recovery may come slow due to public wariness of close quarters in aircraft cabins, say industry experts.
Industry downturn raises new doubts about Boeing’s NMA: analysts
The aerospace industry downturn and Boeing’s financial position has raised fresh questions about its likelihood of developing the long-stalled New Mid-market Airplane (NMA), says two aerospace analysts
Spirit warns of $160 million Q1 loss, secures $1.2b in financing
Airframe maker Spirit AeroSystems expects to post a $160 million net loss in the first quarter of 2020, a reversal from a $163 million profit one year earlier.
Triumph implements furloughs and cuts more staff amid Boeing production shutdown
US aerospace supplier Triumph Group has laid off 200 additional staffers and will furlough 2,300 workers in response to the ongoing shutdown of Boeing’s commercial aircraft production facilities.
Top 10 aerospace mergers that never were
From Textron-Bombardier to Lockheed-Northrop and EADS-BAE, we review industrial giants that might have been, had proposed or mooted unions over the past quarter century gone ahead.
Spirit AeroSystems furloughs Boeing programme workers
Spirit AeroSystems is furloughing workers in Wichita, Kansas and in Oklahoma for 21 days, a move building on its other recent staff reductions.
Spirit extends shutdown of Boeing production sites
Spirit AeroSystems has extended beyond 8 April the shutdown of several sites that support Boeing programmes, a change coming in response to Boeing’s decision to extend closures of its sites in Washington State.