The big lessors are in much better financial shape than their customers, and their market share and influence will only rise as they provide customers financial help.
Olivier Andries has to helm the super-Tier 1 manufacturer as it navigates a still-turbulent environment while longer term Safran will have to offer new concepts to decarbonize commercial aviation.
Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.
Investors are still looking for signs of reassurances that Boeing is still protecting its ability to ultimately bounce back with new products later this decade.
A recovery is expected to start this year but the French aerospace industry is still in the middle of its endeavor to save jobs and skills, showing solidarity and exploiting state aid programs.