OEM, MRO & Leasing news

Engineering Giant Rolls-Royce could make cuts of up to 8000 people from its 23,000 strong UK workforce as airframers slow production of aircraft. Derby-based Rolls-Royce produces engines used by both Airbus and Boeing who are both reducing their aircraft output in the wake of the Coronavirus Pandemic. As a result [read more]

Seattle-based airframer Boeing has announced that it plans to cut its workforce by 10% as it seeks to cut costs following a $641m loss in the first quarter of 2020. Boeing made the announcement as it posted its first-quarter results and said it will seek to cut 16,000 jobs through [read more]

European airframer Airbus has confirmed that it will furlough 3,200 of its workforce at its wing manafacturing site at Broughton, North Wales. The news comes just hours after Airbus CEO Chief Executive Officer, Guillaume Faury told staff that the company was ” “bleeding cash at an unprecedented speed” and it must [read more]

According to a letter to Airbus staff from Chief Executive Officer, Guillaume Faury, the airframer has lost almost a third of its business and that it must act quickly to protect the very survival of the company. In the communication Mr Faury says that the company is “bleeding cash at [read more]

The aircraft leasing and financing arm of General Electric (GE) has cancelled an order for 69 Boeing 737 Max aircraft. Irish-American GE Capital Aviation Services (GECAS) has been re-evaluating its order book as global aircraft demand drops off with the Coronavirus (COVID-19) pandemic. Although not mentioned directly as a reason [read more]

A medical ventilator built by several engineering companies including European Aerospace company Airbus and a number of Formula 1 teams has gained approval for use in the UK. The ventilator will help treat patients with severe breathing difficulties as a result of COVID-19. The approval from the Medicines and Healthcare [read more]

British Airways is retiring five more Boeing 747-400 Jumbo Jets this week with the first arriving at an airfield in Gloucestershire earlier today. The earlier than planned retirement of the aircraft comes as a direct result of the Coronavirus pandemic which has grounded the majority of British Airways fleet. When [read more]

Air Navigation Solutions provider NATS has taken over Air Traffic Control services at St Athan in the Vale of Glamorgan. The former MOD airfield is now owned by the Welsh Government after it turned to civilian use in 2019. Welsh Government-owned Cardiff Airport manages the operations of the site which [read more]