Wall Street remains dubious that aircraft subsystems provider Woodward and composites supplier Hexcel can provide one of the main benefits they promised from their recent merger, particularly as the commercial aviation sector reels from the Boeing 737 MAX production halt and both companies lower their 2020 guidance as a result.
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.
In-seat system provider Astronics on Feb. 4 warned investors over financial effects of the Boeing 737 MAX production halt, as well as other “unfavorable” developments including a negative court ruling and ongoing restructuring charges.
Boeing does not see simulator capacity as an issue that will delay the 737 MAX’s return to service (RTS) and is working with operators to develop plans for training MAX pilots under the assumption that immediate simulator time will be mandated.
Fort Worth-based Novaria Group, a holding company rolling up Tier 2 and 3 aerospace and defense suppliers, has changed ownership itself, with Rosewood Private Investments and Tailwind Advisors selling to major investment firm KKR.