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Boeing Co (BA.N) Chief Executive Dave Calhoun
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April 2, 2020 - by Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva for reuters.com
(Reuters) - Boeing Co (BA.N) Chief Executive Dave Calhoun said on Thursday the coronavirus pandemic was going to have a lasting impact on the global aerospace industry, as he outlined steps for a voluntary layoff plan for employees.
"It will take time for the aerospace industry to recover from the crisis," Calhoun said in...
Read more https://www.reuters.com/article/us-health-coronavirus-boeing-idUSKBN21K1QS
Preserve much-needed cash at Boeing
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April 2, 2020 - by BY JULIE JOHNSSON AND BLOOMBERG for fortune.com
Boeing Co. offered voluntary buyouts to eligible employees, in a bid to quickly shed costs and adjust its work force of 161,000 to a coronavirus crisis that's quickly undermined the outlook for aircraft sales.
"When the world emerges from the pandemic, the size of the commercial market and the types of products and services our customers want and need will likely be different," Chief Executive Officer David Calhoun said in a message to employees Thursday. "It's important we start adjusting to our new reality now."
The move will preserve much-needed cash at Boeing, which is facing a sharp contraction in demand along with its European archrival Airbus SE. Airline customers around the world have slashed schedules, with some parking their entire fleets as the coronavirus pandemic guts travel.
About 44% of aircraft across the globe are in...
Read more https://fortune.com/2020/04/02/boeing-voluntary-buyouts-employees/
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Spirit AeroSystems Inc. in Wichita - Courtesy Spirit AeroSystems
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April 1, 2020 - by Eli Higgins for kake.com
WICHITA, Kan. (KAKE) -
Last week, Spirit Aerosystems said it was suspending operations for 2 weeks over coronavirus concerns, but many employees were called back to work Monday and are wondering why.
"We congregated like it was church, you know, and right now, you're not supposed to go to church," said a Spirit employee, who did not want to be identified. " I was surprised to get a phone call to work on grounded 737 MAX jets," he said.
That employee we spoke to said the work he and others were called in to do was pointless, saying essentially all they did was vacuum the fuselages of the still-grounded 737 MAX, and that they couldn't even do it safely.
"The tool cribs were...
Source: Saab
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April 2, 2020 - by George Allison for ukdefencejournal.org.uk
Saab say they have performed the first metal cut for the two-seater fighter aircraft Gripen F, marking an important milestone in the programme.
"Gripen F is under development for the Brazilian Air Force (FAB) and shares the same advanced design and features as Gripen E, but with seat, displays and controls for a second crew member. Gripen F has both a training mode for tuition of one crew member and a mode whereby the two crew members can share the workload with different display settings."
The first part was manufactured recently at Saab's facilities in...
Read more https://ukdefencejournal.org.uk/gripen-f-fighter-production-under-way/
Donald Trump, President of the United States of America
The Military Industrial Complex Is Safe...
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April 2, 2020 - by Byron Callan for aviationweek.com
The coronavirus pandemic is going to be as consequential for defense and security as were the Sept. 11, 2001, attacks in the U.S. For the defense sector, there are multiple implications to ponder and possibly to begin to position for as these play out in 2021 and beyond.
Large contractors should fare relatively well in 2020, compared to other sectors. They will not see the demand destruction that is ripping through commercial aerospace and therefore are unlikely to experience financial duress. That alone may enable them to act strategically and aggressively in 2020 and beyond, although there are risks to weigh as well. Here are six changes to ponder:
First, a crisis the size of the COVID-19 pandemic is bound to spawn new government investment and organization to address future outbreaks....
Read more https://aviationweek.com/defense-space/opinion-six-ways-covid-19-could-change-defense-sector
Hoping to conclude the deal around a year from now...
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April 2, 2020 - by David Briginshaw for railjournal.com
Alstom's plan to acquire Bombardier Transportation comes just a year after the failure of the merger between Alstom and Siemens. David Briginshaw considers what is different this time around.
ALSTOM's announcement on February 18 that it had signed a memorandum of understanding with Bombardier and pension fund Caisse de Dépôt et Placement du Québec (CDPQ) to acquire Bombardier Transportation was not a surprise as it ended weeks of speculation.
The two companies hope to conclude the deal around a year from now, provided they can...
Read more https://www.railjournal.com/opinion/alstoms-second-attempt-major-competitor-succeed
Rescue teams are seen on January 8, 2020 at the scene of a Ukrainian airliner that was shot down shortly after take-off near Imam Khomeini airport in the Iranian capital Tehran.
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April 2, 2020 - by radiofarda.com
After a month of silence, the Islamic Republic Minister of Roads and Transport, Mohammad Eslami, said on Sunday that the coronavirus outbreak in Iran had stopped the procedure of decoding the black boxes of the Ukraine International Airlines (UIA) passenger plane downed on January 8 over Tehran.
The Islamic Revolution Guards Corps' (IRGC) missiles shot down the Boeing plane killing all 176 onboard. Victims of the crash included 82 Iranians, 63 Canadians, 11 Ukrainians, 10 Swedes, four Afghans, three Germans, and three Britons.
"We will resume reading the black boxes after the outbreak of the coronavirus and its related disease, Covid-19, is contained," Eslami told reporters.
However, earlier on March 11, the Islamic Republic representative to the International Civil Aviation Organization (ICAO), Farhad Paravaresh, had...
A training exercise from the PLA's Hong Kong garrison from 2016. A helicopter crashed in a similar exercise this week, although no one was injured. Photo: K.Y. Cheng
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April 2, 2020 - by Brian Wong for scmp.com
A helicopter from the Hong Kong garrison of the People's Liberation Army has crashed during a flight-training operation at a country park in the base's first aircraft accident recorded in the city.
The Security Bureau said in a statement on Tuesday night that it had been notified by the garrison about Monday afternoon's incident at Tai Lam Country Park.
While the Chinese statement described it as a crash, the...
Take off of the first A350-900 for Lufthansa MSN074
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April 2, 2020 - by Arno Schuetze, Ilona Wissenbach for reuters.com
FRANKFURT (Reuters) - Germany is in talks to provide Lufthansa (LHAG.DE) with billions of euros in state aid and could take a stake in the airline, which has grounded more than 90% of its fleet due to the coronavirus pandemic, people close to the matter said.
The government and airline are discussing loans as well as a possible equity investment as Lufthansa grapples to cope with Berlin's order to all but halt its operations, the people said.
"We are in close contact with the federal government to secure our liquidity"...
No doubting that it is a US military E11 aircraft that crashed in #Afghanistan pic.twitter.com/aQyf6Q1EhX
— Intel Air & Sea (@air_intel) January 27, 2020
