All articles by Jon Hemmerdinger – Page 113
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Airline BusinessUS carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large degree determine how significantly the virus downturn wallops airframers Airbus and Boeing.
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NewsFAA eases some flight crew requirements in response to pandemic
The Federal Aviation Administration has eased some flight crew training and medical requirements in light of the coronavirus outbreak.
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NewsUS aerospace industry reviewing aid options in 880-page coronavirus relief bill
The coronavirus relief law signed by President Donald Trump on 27 March sets aside billions of dollars in available loans to distressed and national-security-critical companies – categories into which aerospace manufacturers like Boeing and its suppliers may fall.
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NewsDOJ requires divestitures prior to Raytheon-UTC tie up
The US Department of Justice (DOJ) will only approve the proposed Raytheon-United Technologies merger if the companies divest some radio, optical and GPS businesses.
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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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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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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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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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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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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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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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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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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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NewsCanada’s Sunwing to suspend flights and layoff pilots: union
Canadian leisure carrier Sunwing Airlines will suspend operations on 24 March and layoff all its roughly 470 pilots on 8 April, according the union representing Sunwing’s pilots.
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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.