All Aerospace articles – Page 162
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In depth
Spirit AeroSystems targets year-end opening of Scotland wing development site
Spirit AeroSystems expects by year-end to open a new facility in Prestwick, Scotland where it will research and develop manufacturing and production technologies aimed at helping the company land contracts to supply Airbus’ next single-aisle aircraft programme.
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In depth
Cash reserves give Boeing 10 months of breathing room, analysts suggest
Boeing should have sufficient liquidity to keep operating for eight to 10 months, possibly longer, according to analysts, despite speculation about its financial condition based on recent calls for $60 billion in government aid for the US aerospace industry.
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Interview
Hanwha Aerospace powers up engine capabilities
As the country’s only producer of gas tubine engines, South Korea’s Hanwha Aerospace has become an integral part of Seoul’s ambitions in the sector, with involvement in several key propulsion programmes.
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News
Americas 24 March in review: Congress negotiates aid; Manufacturers and airlines make deep cuts
Politicians from both houses of the US Congress continued negotiating a bill that would offer the air transport industry financial support in order to secure jobs and keep airlines afloat as the coronavirus crisis ravages the industry.
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News
Boeing’s Calhoun defends Boeing’s financial health, pushes back against equity-for-aid government support
Boeing chief executive David Calhoun insists government aid to the struggling airline and aerospace sectors should not be contingent upon the government taking equity in US companies.
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In depth
Spirit AeroSystems halts Boeing work, Triumph lays off staff
Airframe manufacturer Spirit AeroSystems will halt much of its Boeing-related work and Triumph Group will lay off several hundred staffers in response to the rapid coronavirus-led downturn in the aviation industry.
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News
Leonardo continues building 787 fuselages despite Boeing production pause
Italian aerospace champion Leonardo will continue to build and ship fuselage sections and other aerostructures for the Boeing 787 programme, despite the US airframer’s planned 14-day suspension of production in the Puget Sound region.
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News
Americas 23 March in review: Boeing shuts Seattle factories; Airlines repatriate citizens
US aerospace companies continue to take radical measures to try to reduce the impact of the coronavirus as politicians negotiate a federal aid package designed to assist the companies through the crisis.
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News
Trading of Boeing shares halted, company suspends Washington production after employee dies
Trading of Boeing’s shares has been halted as the company announces it will suspend production in the Puget Sound region of Washington state for at least two weeks.
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News
MTU to suspend production for three weeks
Propulsion specialist MTU Aero Engines is to suspend production at a number of its European facilities in response to the coronavirus pandemic.
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News
GE Aviation plans 10% US workforce cuts, implements broad furloughs
GE Aviation intends to reduce its US workforce by 10% and to furlough 50% of maintenance, repair and overhaul workers for 90 days in response to collapse of air travel demand caused by the coronavirus.
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News
Transat to lay off 70% of Canadian staff as it halts flights in April
Canadian leisure carrier Air Transat will suspend all flights on 1 April, while its parent Transat AT is laying off some 3,600 Canadian employees due to the coronavirus crisis.
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News
Germany’s Lilium nets another $240 million from existing investors
German start-up Lilium has secured an additional $240 million in funding from four existing backers as it works to bring its electric-powered short-range aircraft to market.
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News
Airbus beefs up finances to weather coronavirus
Airbus has announced measures to support its financial position in light of the economic challenges presented by coronavirus. The measures comprise a new €15 billion ($16.1 billion) credit facility, withdrawal of its 2019 dividend proposal, and suspension of top-up pension funding, says Airbus in a 23 March statement. The withdrawal ...
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News
Coronavirus prompts overnight closures of New York air traffic control sites
The coronavirus pandemic continues disrupting US air traffic control, with the Federal Aviation Administration temporarily shutting the New York Air Route Traffic Control Center and New York LaGuardia airport’s control tower, citing infections.
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News
Boeing executives to give up all pay
Boeing announced several extraordinary measures to help the company through the coronavirus crisis which has left the entire aerospace industry reeling.
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News
Trump suggests airline aid package could restrict stock buybacks
President Donald Trump supports imposing stock buyback restrictions on companies that receive financial aid as part of the federal government’s coronavirus recovery package.
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News
Longview halts production of Q400s and Twin Otters
Longview Aviation Capital’s subsidiaries will suspend production of De Havilland Aircraft of Canada’s Dash 8-400 turboprop and Viking Air’s DHC-6-400 Twin Otter turboprop in response to the coronavirus crisis.
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News
Farnborough, RIAT shows axed as coronavirus crisis deepens
Two stalwarts of the European summer aerospace event calendar – the Farnborough air show and Royal International Air Tattoo – have become the latest to confirm their cancellation due to the coronavirus pandemic.
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News
FAA staff at JFK and Indianapolis test positive for coronavirus, prompting contingency operations
Federal Aviation Administration employees who work at an Indianapolis air traffic control center and the tower at John F Kennedy airport in New York have tested positive for coronavirus.