Aero-engine manufacturer Rolls-Royce is looking to cut 9,000 jobs from its 52,000-strong workforce as the company restructures in the face of the coronavirus crisis.
Lockheed Martin now expects to deliver 18-24 fewer F-35s in 2020 than the program’s 141-aircraft goal due to supply chain disruptions caused by the novel coronavirus pandemic, the company said May 19.
The largest U.S. airlines intend to capitalize on a modest rebound in domestic leisure travel, as they reorient operations for a multi-year pandemic recovery.
The head of U.S. Army Futures Command said on May 19 that he expects a sharp decline in future defense spending and warned that several acquisition programs could face cancellation.
For two of the three large European legacy airline groups it has become relatively clear what kind of state support they can count on as they battle the novel coronavirus crisis.
Business jet inventories rose 4% in May compared to a year ago, with 1,823 jets for sale, or 7.7% of the total fleet, including all models and vintages, while pricing declined 12%, according to Jefferies.
More European airlines have confirmed plans to expand their flight schedules in June and July, gradually piecing back together networks that have been shattered by the COVID-19 pandemic.
U.S. carriers Delta Air Lines and United Airlines are planning to restart passenger flights to mainland China in June, four months after all routes were suspended following the outbreak of COVID-19.
