All articles by Jon Hemmerdinger – Page 92
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NewsIATA lays out guidelines for restarting Latin American air travel
Airline trade group IATA has presented an air travel rebook strategy to nearly 50 Latin American and Caribbean governments, laying out guidelines aimed at minimising the spread of coronavirus during airline travel.
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NewsBoeing’s jet deliveries trickle in April, down 116 aircraft in four-month period
Boeing delivered six aircraft in April, bringing its deliveries in the first four months of the year to 56, a 67% slide from the January-April period last year.
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NewsSouthwest to generate $815m from selling, leasing back 20 737s
Southwest Airlines has signed agreements to sell and lease back 20 Boeing 737s in a transaction expected to generate $815 million in proceeds for Southwest.
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NewsRaytheon furloughs aerospace staff and slashes costs, warns of fallout in Q2
Raytheon Technologies has furloughed staff in its commercial aviation divisions and warns the coronavirus fallout will likely hammer those businesses’ results in the second quarter.
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NewsBombardier Aviation eyes production cuts as virus hammers demand
The coronavirus pandemic has eroded demand for business jets, accelerated Bombardier’s cash burn and will lead the company to slow aircraft production.
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NewsMitsubishi to close CRJ purchase on 1 June
Mitsubishi Heavy Industries (MHI) intends to close its $550 million purchase of Bombardier’s CRJ aircraft programme on 1 June.
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NewsAerospace manufacturers and airports seek more US government cash
US aerospace manufacturers and airports asked lawmakers for more financial aid during a 6 May hearing, while the nation’s top airline lobbyist warned of his sector’s precarious position.
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NewsUnited outlines workforce reduction measures as union battle flares
United Airlines continues to reduce its workforce, disclosing plans to lay off broad swaths of office staff, warning of pilot furloughs and, facing union backlash, pitching a new voluntary leave programme.
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NewsSpirit Q1 finances hammered by 737 Max grounding and pandemic
Spirit AeroSystems posted a $163 million first quarter loss and warned of an uncertain future as the impact of the coronavirus pandemic and ongoing Boeing 737 Max grounding hit hard.
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NewsGE Aviation expands job cuts to 25% of global workforce
US engine maker GE Aviation is reducing its global workforce by some 13,000 employees as part of a plan to better align its business with reduced rates of commercial aircraft production.
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NewsSpirit lays off another 1,450 staff due to airframer production cuts
Spirit AeroSystems will lay off more than 1,450 additional staffers in response to Boeing’s and Airbus’ plans to reduce commercial aircraft production rates.
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NewsSecond 777X test aircraft makes maiden flight
Boeing’s second 777-9 flight-test aircraft took to the skies for the first time on 30 April, departing Paine Field and landing nearly 3h later at Boeing Field in Seattle.
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NewsTextron Aviation squeaks out Q1 profit as aircraft deliveries tumble
Textron Aviation’s first-quarter profit tumbled 97% year-on-year to $3 million due largely to an idle factory floor and sagging aircraft sales amid the coronavirus pandemic.
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NewsGE Aviation’s profits slide in Q1 as engine sales tumble
GE Aviation’s commercial engine sales and orders tumbled in the first quarter of 2030, as did revenue and profit, as the coronavirus took a bite from the Ohio company’s business.
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NewsBoeing CEO dismisses major new commercial product launches amid pandemic uncertainty
Boeing will not unveil a major new aircraft programme anytime soon, but will continue investing funds into updates to existing products and efforts to develop next-generation manufacturing and design processes.
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NewsBoeing anticipates Q3 return of 737 Max
Boeing believes it will resume 737 Max deliveries in the third quarter of 2020, with chief executive David Calhoun saying the company is progressing well through certification work despite challenges posed by coronavirus.
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NewsBoeing has time to review 787 production strategy in light of rate cuts: CEO
Boeing has no immediate plan to restructure its 787 manufacturing footprint despite announcing a major cut in production.
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NewsBoeing to cut commercial aircraft staff by 15% and slash production as losses mount
Boeing is slashing its commercial aircraft workforce by more than 15% and cutting production rates in response to the coronavirus pandemic and ensuing cash crunch.
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NewsBombardier to resume manufacturing on 11 May
Bombardier intends to resume aerospace manufacturing on 11 May, ending what will have been a seven-week production halt due to the coronavirus pandemic.
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NewsSouthwest delays deliveries of 59 737 Max to post-2021
Southwest Airlines, among the world’s top Boeing 737 Max customers, has pushed back deliveries of 59 Max aircraft in response to the travel downturn caused by the coronavirus pandemic.