All aerospace news – Page 241
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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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NewsAdministrator extends deadline for Piaggio bids
Piaggio Aerospace’s administrator has extended the deadline for parties to submit expressions of interest in the Italian manufacturer on the back of disruption caused by the coronavirus outbreak.
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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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NewsAmericas 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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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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NewsMTU 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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NewsGE 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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NewsTransat 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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NewsGermany’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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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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AnalysisOutbreak brings mixed fortunes for Asia MROs
While much has been said about how the coronavirus outbreak has affected the airline industry, what is less-known is its effect on MROs. Are MROs in Asia seeing the silver lining of the crisis, or is it also a picture of gloom for many of them?
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NewsCoronavirus 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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NewsBoeing 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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NewsTrump 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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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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NewsFarnborough, 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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NewsFAA 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.
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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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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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NewsUS government warns against international travel with ‘Level 4’ advisory
The US Department of State has issued a “Level 4” international travel advisory, upping the government’s travel warning to the highest level as part of an effort to urge Americans not to fly overseas.