Both aircraft manufacturers have been forced to reduce production rates for widebodies as weak demand persists.

Ireland-based lessor AerCap, reporting $1.15 billion in net income for 2019, said its prospects are fair for 2020, although the continuing Boeing 737 MAX grounding is having an adverse effect on its figures.

With the aerospace manufacturing sector expecting Boeing to restart 737 MAX production as early as next month or April, one widely followed industry consultant said it will take up to two years to clear out the stored inventory of narrowbody aircraft and fuselages.

Airbus plans to cut the A330 production rate and stabilize the A350, in an acknowledgement of weak demand for widebody aircraft.

Building the safety case, amending the regulations and providing a business case for safe, robust and reliable operation lie ahead.

Bombardier will continue mulling a split-up of the Canadian train and business jet maker, with the company’s chief executive sounding like he favors staying in the latter business, according to comments made during a Feb. 13 teleconference.

Albany International, the provider of 3D-woven composite fan blades to Safran for LEAP aircraft engines, has let go workers as it tries to adjust to lower demand related to the Boeing 737 MAX production halt, the company’s new executive team told analysts.

Airbus has received joint type certification from EASA and the FAA for a second model in the A330neo family, the smaller, longer-range A330-800.