Boeing, Airbus and their engine supplier GE outlined survival plans as their airline customers reeled from the coronavirus pandemic
The world’s biggest aerospace companies outlined survival plans that include thousands of job cuts and raising fresh funds as their airline customers reeled from the coronavirus pandemic and the near-collapse of global passenger air travel.
Boeing Co., rival Airbus SE and their engine supplier General Electric Co. on Wednesday detailed their initial responses to the crisis that has engulfed the industry after travel restrictions and fear of flying grounded more than half the global jet fleet.Boeing’s two 737 MAX 8 crashes and the investigation that followed ruined not just the aircraft manufacturer’s reputation but also its bottomline.
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AirAsia will not take jet deliveries this year, revisiting Airbus order bookMalaysia's AirAsia Group Bhd said on Wednesday it did not intend to take any new aircraft deliveries this year because of the sharp fall in demand from the coronavirus crisis, and was revisiting its order book with Airbus SE .
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Airbus says virus aviation crisis still at 'early stage'Even after virus-related travel restrictions eventually ease, Chief Executive Guillaume Faury acknowledged it will take a long time to persuade customers to get back on planes. Just how long, he can’t predict.
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Airbus first-quarter profit plunges as coronavirus crisis starts to biteAirbus on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic triggered the 'gravest crisis the aerospace industry has ever known'.
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Boeing probed for quality-control lapses on 737 MAX assembly lineBoeing Co. faces criminal and civil scrutiny into years of widespread quality-control lapses on its 737 MAX assembly line, according to people familiar with the details, potentially exposing the plane maker to greater legal liability than previously anticipated by industry and government officials.
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Coronavirus: Air Canada converting Boeing 777s and Q400s to cargo-only - Business InsiderAir Canada is ripping seats out of aircraft across its fleet to turn them into cargo planes. See inside the new Boeing 777 and Dash 8-400 temporary conversions.
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WSJ News Exclusive | Prosecutors, Regulators Probe Boeing 737 MAX Production IssuesBoeing faces criminal and civil scrutiny into years of widespread quality-control lapses on its 737 MAX assembly line, potentially exposing the plane maker to greater legal liability than previously anticipated.
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