Coronavirus

GE AVIATION plans to reduce workforce by up to 25% by end 2020 as part of comprehensive strategy to develop $1b of cost actions and $2b of cash

AER LINGUS is expected to cut employment by about 20% (or about 800-900 workers) due to the COVID-19 pandemic.

GULFSTREAM adjusted its 2020 production rate from about 150 to 125-130 aircraft. It is cutting employment throughout its business, including 700 at

Before the coronavirus pandemic hit, the engine overhaul segment was as strong as any vertical market in commercial aviation.

Air Canada is speeding up retirement of 79 older jets across its fleet as it digs in for a drawn-out period of low demand owing to the COVID-19 pandemic.

With so much going on within the aviation sector we want to know your views on the key topics and stories.

The Pentagon intends to request additional stimulus funding from Congress to support the defense industrial base in the wake of the COVID-19 pandemic, Defense Secretary Mark Esper says.

The U.S. Air Force will host a “virtual industry day” for the Advanced Battle Management System on May 13, via the medium of the Zoom videoconferencing platform.

Some four years ago, American billionaire investor and Berkshire Hathaway CEO Warren Buffett thrilled the US major airlines when he bought stakes in each

The South African government has said it plans to create a successor to the country’s debt-stricken national carrier. However, in a statement issued

Gulfstream Aerospace is cutting jobs throughout its business operations, including nearly 700 at its Savannah, Georgia headquarters, in response to the impact from the coronavirus pandemic.

RYANAIR is projecting net loss of >€100m in 1Q20; it expects to operate <1% of its scheduled flying program in 2Q20 and is negotiating with Boeing and

UNITED says it expects to take delivery of 16 737 MAXs in 2020 and 24 in 2021, which is less than half of the number originally scheduled for delivery

SOUTHWEST AIRLINES completed previously announced public offering of $2b in debt securities.

IBERIA and VUELING secured syndicated 5-year loans for €750m and €260m respectively; banks involved will ask the Instituto de Crédito Oficial (ICO) to

UNITED AIRLINES lost $1.7b in 1Q20 (vs $292m net income in 1Q19) on 17% lower revenues. Its total liquidity on April 29 was approximately $9.6b

HONEYWELL AEROSPACE earned $937m on $3.4b sales in 1Q20 vs $838m on $3.3b in 1Q19; it expects 2Q20 sales to fall >25% due to weak commercial aviation

IATA and UNIVERSAL POSTAL UNION warned air capacity for postal services is insufficient and urged governments to support movement of mail by air.

FOKKER TECHNIEK has added >20 more aircraft parking spots at Woensdrecht, the Netherlands.

AERO NORWAY has invested in five more CFM56-3s to refurbish/sell, filling maintenance slots from deferred -5B/7B workscopes due to COVID-19 crisis.

DE HAVILLAND AIRCRAFT OF CANADA began phased return to work, initially resuming Dash 8-400 pre-flight activities and delivery, following suspension of

SPIRIT AEROSYSTEMS announced plan to reduce employment at sites supporting commercial aircraft programs (Airbus and Boeing both announced lower

Norwegian Air Shuttle has won shareholder approval to convert a large slab of debt to equity, a result that makes the ULCC eligible to receive more financial aid from the Norwegian government.

Ask the Editors: The Pentagon’s hypersonic prototypes rely on a large number of small, boutique companies with highly specialized skills.

FRANKFURT—Airbus plans to increase its research into how health-protection technology inside passenger aircraft cabins can be improved, the OEM’s executive vice president of engineering Jean-Brice Dumont told Aviation Week.