Boeing has appointed TMX, the Detroit-based subsidiary of Germany's Thyssen, to be sole distributor of its aluminium stock for the next 10 years starting late this year. The $300 million contract will see "select" mills being used. Currently 50 distributors, seven flat-rolled product mills and 14 extrusion mills are used. The new supply line will take more than two years to restructure, according to Boeing.
Source: Flight International
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
Airbus’s adjusted earnings for its commercial aircraft division were down by 13% to €1.95 billion ($2.11 billion) over the first half, as investments for future preparation offset the increase in deliveries. The airframer delivered 323 commercial aircraft over the first six months – up on the previous 316 and lifting ...
