Without AirVenture Oshkosh 2020, EAA To Draw On Financial Reserves
The Experimental Aircraft Association (EAA) is able to weather the financial loss from the cancellation of AirVenture Oshkosh in July, EAA’s chair and CEO Jack Pelton said, but it may mean scaling back growth on some of its programs.
VoltAero Unveils Clean-Sheet Design For Hybrid-Electric Aircraft Family
French startup VoltAero has revealed plans for a family of three hybrid-electric aircraft with four to 10 seats. Initial deliveries of the four-seat Cassio 330, first of the family, are targeted for the end of 2022.
NBAA Reduces Workforce As It Grapples With COVID-19 Challenges
The National Business Aviation Association (NBAA) has made “significant” reductions to its workforce as it contends with the effects of the COVID-19 pandemic, including the cancellation of its events through July 1, the business aviation trade group announced May 5.
Raytheon Tech To Slash Workforce, Billions In Costs Due To COVID-19
Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19.
COVID-19 Impact On Deliveries Drains Cash At Bombardier
Bombardier saw a $600-800 million impact on cashflow in the first quarter due to the COVID-19 crisis and projects a similar impact in the second quarter, during which it expects business activity to hit a low point before beginning to recover.
From Gulfstream and NBAA reducing their workforces to AirVenture Oshkosh 2020 being cancelled, it has been another big week for the business aviation market dealing with the impact of the coronavirus pandemic.