All articles by Jon Hemmerdinger – Page 83
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News
US government reminds airlines of ticket refund rules amid pandemic cancellations
An increase in passenger complaints have led the US Department of Transportation to remind airlines that even amid the coronavirus downturn they must abide by government air ticket refund regulations.
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News
File coronavirus grant applications by end of day 3 April: US government
The US Department of the Treasury is asking airlines and air transport businesses to submit applications for government payroll grants via an online portal before the close of the 3 April business day.
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News
United Technologies-Raytheon merger to close today
The merger of United Technology’s aerospace divisions and Raytheon is now expected to close the morning of 3 April after UTC’s spin off of its non-aviation businesses Carrier and Otis.
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In depth
Simulator tests demonstrate 737 Max manual trim difficulties
Simulator tests conducted last year provide insight into flight scenarios that can leave Boeing 737 Max pilots struggling or unable to manually trim the aircraft back to level flight.
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News
Boeing takes steps to cut headcount, initiates employee buyout programme
Boeing has taken initial steps to cut its workforce by offering voluntary separation packages to US-based employees, part of a plan to help the company weather what could be an extended industry downturn.
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Airline Business
US 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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News
FAA 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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News
US 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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News
DOJ 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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Analysis
US 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 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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In depth
Boeing 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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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
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
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
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
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.