Key aerospace and defense suppliers Woodward and Hexcel have called off their planned merger due to the novel coronavirus outbreak, ending a three-month saga that always baffled many industry insiders and has since been overtaken by survival necessities.
Airlines are drastically cutting their passenger flights in response to the novel coronavirus pandemic, which could take several months to contain. This will cause a rash of aftermarket order cancellations.
Aerospace manufacturing has awakened to a nightmare. Customer demand could swoon as air travel is crippled, battering a sector already reeling from narrowbody and widebody cuts alike.
Ted Colbert, CEO of Boeing Global Services, spoke with Lee Ann Shay on March 4 at Boeing’s Chicago headquarters about how he’s adjusting to the job that he started in October and how he’s navigating today’s very dynamic business environment.
The aerospace parts manufacturer is implementing a variety of robots to address challenges in the Pacific Northwest, including ongoing Boeing woes and a skilled labor shortage.
Middle Eastern engine MRO Sanad Aerotech has moved forward with its African expansion plans by signing a cooperation with Ethiopian Airlines to jointly build an MRO center of excellence on the continent.
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.
