Airbus is faced with an avalanche of requests for delivery deferrals and is preparing for substantial production cuts as many of its customers struggle with the impact of COVID-19 coronavirus on air transport.
Some aerospace suppliers' production facilities are based on continuous processes, as opposed to the manufacturing of discrete objects, and the current COVID-19 coronavirus crisis is therefore creating headaches about operational continuity, an analyst has warned.
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.
Boeing called for the U.S. government to provide a minimum of $60 billion in aid to the aerospace manufacturing community in response to the COVID-19 coronavirus crisis that has cratered air travel and could trigger a worldwide recession.
Companies such as Teledyne, TransDigm and Heico are leading a breed of A&D players with “horizontal” external growth strategies and impressive track records.