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13 MAY 2020
Boeing reports more 737 MAX cancelations as CEO offers grim outlook
Boeing reported another round of 737 MAX cancelations Tuesday as the company's CEO warned the industry downturn in the wake of the coronavirus pandemic could force a major airline out of business.Data on the ... Continue Reading
13 MAY 2020
Boeing CEO: 'stability' in production despite airline turmoil
Boeing's medium-term production pipeline remains stable despite the dire state of the airline industry in the wake of coronavirus shutdowns, Boeing Chief Executive Dave Calhoun said in an interview broadcast Tuesday.Calhoun was asked on ... Continue Reading
07 MAY 2020
Rolls-Royce aircraft engines at idle Rolls-Royce aircraft engines at idle
Rolls-Royce is moving towards a new restructuring plan which could include the loss of 8000 jobs, the equivalent of 15% of its workforce. A majority of ... Continue Reading
07 MAY 2020
US complies with WTO ruling on Boeing to avoid EU sanctions
The United States formally notified the World Trade Organization on Wednesday of the elimination of a state tax break for aerospace giant Boeing to avoid retaliation by the European Union.The WTO in April 2019 ... Continue Reading
29 APR 2020
Boeing to cut staff, output as pandemic batters airlines Boeing to cut staff, output as pandemic batters airlines
Boeing announced sweeping cost-cutting measures Wednesday as it reported a first-quarter loss of $641 million after suffering a damaging hit to the airline business from ... Continue Reading
29 APR 2020
Coronavirus pushes Airbus into Q1 loss Coronavirus pushes Airbus into Q1 loss
European aviation giant Airbus plunged into the red in the first quarter as the coronavirus pandemic sparked "the gravest crisis the aerospace industry has ... Continue Reading
27 APR 2020
Boeing CEO sees slow airline rebound, no dividend for 'years' Boeing CEO sees slow airline rebound, no dividend for 'years'
Boeing's head said Monday that restoring the dividend could take three to five years as the company girds for a slow air travel recovery ... Continue Reading
27 APR 2020
Airbus warns of new production cuts as finances diminish Airbus warns of new production cuts as finances diminish
Airbus chief executive Guillaume Faury has warned employees of new production cuts at the European aircraft maker due to the crisis caused by the ... Continue Reading
26 APR 2020
Boeing scraps $4.2bln deal to buy Embraer commercial division Boeing scraps $4.2bln deal to buy Embraer commercial division
Boeing announced Saturday it was pulling out of a $4.2 billion deal to acquire the commercial plane division of its Brazilian rival Embraer, the latest ... Continue Reading
26 APR 2020
Dutch readying 2-4bn aid package for KLM: minister Dutch readying 2-4bn aid package for KLM: minister
The Dutch government plans to prop up KLM during the coronavirus crisis with an aid package worth between two to four billion euros, the ... Continue Reading
23 APR 2020
Boeing to lay off 10% of workers in civil aviation Boeing to lay off 10% of workers in civil aviation
Boeing plans to reduce the workforce in its civil aviation unit by 10 percent to cut costs as the coronavirus causes a crisis for ... Continue Reading
12 APR 2020
Boeing enlists banks to advise on possible US support: sources
Boeing has enlisted investment banks Lazard and Evercore to advise it on talks with Washington on potential federal aid in the wake of the coronavirus pandemic, sources told AFP Friday.The talks with the US ... Continue Reading
09 DEC 2021
The world's first Airbus A320 freighter takes off
09 DEC 2021
NYCO signs a major strategic agreement with Air France to develop sustainable aircraft lubricants
09 DEC 2021
New long-term agreement between Safran and SIAEC on CFM International's LEAP engines
09 DEC 2021
Boeing to add two 737-800BCF conversion lines at STAECO's facility in China
09 DEC 2021
Sabena Aerospace to take over several maintenance activities from Lufthansa Technik
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