Boeing still is negotiating with the Trump administration over receiving U.S. bailout funds, but company leaders believe they can maintain investor-grade ratings and see a sustainable financial path to when its commercial aircraft business returns to growth in 3-5 years.
Airbus will not decide on further changes to its production rates before June and any potential adaptations will be “on a smaller scale” than previous cuts, Airbus CEO Guillaume Faury said April 29.
For all those who believe that things come in threes, there now is the third failed mergers and acquisition (M&A) deal attributable to COVID-19 in April alone.
Norwegian Air Shuttle said it expects to remain grounded until April 2021 as it set out a debt-for-equity conversion plan to avoid running out of cash by mid-May.
Embraer and Boeing are entering into a bitter public fight over who is responsible for the end of the proposed commercial aircraft joint venture, Boeing Brasil Commercial.
Alitalia will relaunch in June with a reduced fleet of around 90 aircraft, Italy’s economic development minister Stefano Patuanelli told a parliamentary hearing April 23.
With no end to the COVID-19 crisis in sight, Singapore Airlines (SIA) is flying four of its Airbus A380 and two of LCC subsidiary Scoot’s A320ceo to the Asia Pacific Aircraft Storage (APAS) facility in Alice Springs, Australia for long-term parking.
Boeing has tapped Mark Jenks to lead a new Airplane Programs organization that the company expects to ensure both consistency and efficiency throughout its core commercial aircraft production efforts—one of several changes announced by the company’s leadership aimed at aligning similar businesses.
Gurit, a Swiss-based provider of prepreg composite materials for aerospace, announced April 23 that its longtime CEO Rudolf Hadorn will step down at the end of March 2021 but could eventually become chairman of the board of directors.
After missing a March 6 deadline to submit its proposal for an MRO joint venture with Thai Airways at U-Tapao Airport, Airbus has also failed to meet the new deadline of April 20.