Key aerospace supplier TransDigm Group plans to lay off 3-10% of its direct and indirect workforce in part due to the Boeing 737 MAX production halt and rate reductions in other aircraft manufacturing programs.
After several years of lagging aircraft retirements, there are signs that an expected wave of removals is imminent if not underway, which will provide much-needed used-parts feed for several popular engine platforms.
Cathay Pacific Airways has asked its 27,000 employees to take three weeks of unpaid leave to “preserve cash,” as the Hong Kong-based carrier deals with the widespread Wuhan coronavirus in China, following seven months of anti-government protests that have severely affected the airline.
Emirates Airline is quickly transitioning its Boeing 777 fleet to a new, customized airframe maintenance program based on its own operational data, and is already reaping benefits from the ambitious project, a senior executive from the airline said.
The UK’s Advertising Standards Authority has ruled that Ryanair advertisements, claiming it is Europe’s greenest airline, are misleading and banned the Irish LCC from repeating the ads in their current form.
American Airlines and United Airlines both announced on Feb. 4 plans to suspend their Hong Kong operations through Feb. 20, citing lower travel demand caused by the spread of a novel coronavirus in China.
German leisure airline TUI fly announced the first long-haul destinations for its new Boeing 787-8 fleet, which will begin services from Dusseldorf, Germany to Puerto Plata, Dominican Republic on Nov. 4.
Wall Street remains dubious that aircraft subsystems provider Woodward and composites supplier Hexcel can provide one of the main benefits they promised from their recent merger, particularly as the commercial aviation sector reels from the Boeing 737 MAX production halt and both companies lower their 2020 guidance as a result.
Bloomberg Intelligence analysts expect Boeing’s next product launch to target the larger narrowbody market and see the new midmarket airplane (NMA) as all but doomed thanks in large part to Airbus A321XLR orders by some of the NMA’s most likely customers.