Airframers – Page 95
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AnalysisUS government aid to aerospace could mean oversupply in future, but avert ‘catastrophe’ now: analyst
While government support would provide vital relief to US aerospace manufacturing at a time of impending crisis, such aid could create a “synthetic” aircraft market to the detriment of the industry in future years.
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In depthSpirit 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 depthCash 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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NewsEmbraer sees commercial orders deferred, not cancelled
Brazilian aircraft manufacturer Embraer says it has not had any order cancellations as a result of the current global coronavirus pandemic that has decimated the air transport industry, but it is seeing some customers ask for deferments of deliveries as airlines reduce capacity for an undetermined period of time.
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NewsEmbraer manufactures ventilator parts
Brazilian aircraft-maker Embraer has begun manufacturing parts for ventilators in an effort to support the country’s medical industry as the coronavirus pandemic grips all corners of the globe.
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In depthBoeing tells some suppliers to ‘halt shipments’ amid temporary shutdown
Boeing has instructed suppliers to stop shipments to its Seattle-area production sites during the company’s temporary production shutdown, which takes effect on 25 March.
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NewsBoeing’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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NewsBombardier suspends production in Canada and Belfast
Bombardier is to halt work at most of its operations in Canada, plus its aerostructures unit in Belfast, Northern Ireland, to comply with governmental restrictions designed to limit the spread of the coronavirus.
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In depthSpirit 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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NewsLeonardo 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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NewsTrading 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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NewsAirbus 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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NewsLongview 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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OpinionBoeing is too big to fail, but any rescue will be conditional
Eleven years after the end of the 2007-2009 Great Recession, the USA is again having “too big to fail” discussions, with the airframer at their centre.
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NewsNikki Haley leaves Boeing’s board in protest of coronavirus aid package
Former governor of South Carolina Nikki Haley resigned from her position on Boeing’s board of directors in protest of a coronavirus aid package
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NewsSenate bill would make $150b available to struggling sectors, including aerospace manufacturing
The US Senate’s proposed financial aid package to businesses affected by the coronavirus would make $150 billion in loans available to “distressed” US companies, including those in the aerospace manufacturing sector.
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NewsFAA addresses potential data-display fault in 787 avionics
The Federal Aviation Administration has issued an airworthiness directive to address a computer issue that could lead to incorrect flight data being displayed in 787 cockpits.
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NewsMitsubishi Aircraft adds new directors to board
Mitsubishi Aircraft will see yet another round of management changes, as it doubles down on certificating its SpaceJet M90 regional jet programme. Two current senior vice presidents in the Japanese airframer will be promoted to directors of its board, effective 1 April. Keisuke Masutani will oversee global governance ...
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NewsTextron Aviation plans four weeks of furloughs for US staff
Business aircraft maker Textron Aviation is furloughing “most” US staff for four weeks and “adjusting” production as an initial response to the impact of the coronavirus pandemic.
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NewsBoeing seeks $60bn in aid for aerospace manufacturing
Boeing is requesting at least $60 billion in government aid to support US aerospace manufacturing – funds the company says will help the industry weather the coronavirus downturn and protect 2.5 million jobs.