GE Aviation saw 2020 second-quarter revenues decline 44% as the company absorbed more than its share of commercial aviation’s multiple crises, with lower global travel demand reducing both new-equipment and services revenues, while the 737 MAX slowdown continues to create headwinds for the CFM LEAP 1-B engine program.

Facing another heavy quarterly loss of $2.4 billion, the COVID-19-triggered market downturn, and continued uncertainty over the timing of the return-to-service of the 737 MAX, Boeing is making further cutbacks to its commercial aircraft production rates, studying additional layoffs and delaying deliveries of the 777X until 2022

Initial hard data on the scope of the aftermarket’s downturn suggests the immediate drop was less severe than expected, but the climb back to pre-pandemic levels may take longer than initially projected.

Commercial aviation’s pandemic-driven downturn appears to have hit its low point during the 2020 second quarter (Q2), but signs point to a slow and unsteady recovery that will last until at least 2024, Raytheon Technologies Corp. (RTX) executives said. 

LONDON—UK-based carbon-fiber recovery firm ELG Carbon Fibre and Belgian aircraft-recycling specialist Aerocircular have formed a partnership to reclaim carbon fiber from end-of-life aircraft.

The demand dip is triggering delivery slowdowns and orderbook shuffling, but top U.S. carriers remain committed to Boeing’s narrowbody.

Ask the Editors: It is likely that Spirit AeroSystems will try to acquire Bombardier’s aerostructures operations—but for less money.

Rising tensions in China’s international relations, especially with the U.S., raise questions about how Western airliner sales could be affected and the knock-on impact on the COMAC C919 program.