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Latest Articles in Planemakers

Airbus Exec Says Jetmaker Reaches New Production 'Sweet Spot'

Airbus recently announced output cuts of 33%-42% to limit damage as the pandemic grounded airlines around the world

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Lufthansa Warns Of Threat To Its $10 Billion Bailout Deal

Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, criticised the 9 billion euro ($10.1 billion) bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored.

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Boeing Jet Deliveries Sink To Just Four In May

Customers also canceled orders for another 18 planes last month, including 14 MAX jets that were the company's top-selling plane until a pair of crashes just over a year ago.

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Anand Stanley Appointed As President Of Airbus Asia Pacific

He succeeds Patrick de Castelbajac, who is leaving Airbus. Based in Singapore, Stanley will lead the strategy and future positioning of Airbus and its divisions across the region.

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Airbus Jobs On Wire As Underlying Output Falls 40%

Estimated labour force of 35,000 people involved in production, and associated engineers and support, at Airbus would fall by the equivalent of some 14,000 full-time posts with the 40% underlying reduction

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Embraer Seeks Business Partners But Not A Repeat Of The Boeing Deal

That plane was initially developed by a smaller company, Canada's Bombardier, whose jet project was acquired by the European planemaker.

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Boeing Takes Embraer To Arbitration Over Failed Aviation Deal

US planemaker abruptly broke off the deal after Embraer took Boeing to arbitration

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Boeing Set To Announce Significant U. Job Cuts This Week - Union

Boeing recorded zero orders for the second time this year and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962.

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US Tells WTO 'No Valid Basis' For EU Tariffs In Boeing-Airbus Subsidy Fight

USTR raised tariffs on Airbus planes to 15% from 10% on March 17, but many airlines are delaying deliveries as the coronavirus pandemic has halted most travel.

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Airbus First-Quarter Core Operating Profit Tumbles 49%

Europe's largest aerospace group also reported a negative cashflow of 8.03 billion euros including a previously published record 3.6 billion euro

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Boeing Eyes Major Bond Issue To Raise Funds

Credit ratings agency Moody's Investors Service Inc estimated this month that Boeing's funding needs could top $30 billion in 2020.

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Crisis Blocks Airbus Plan For New A321 Jet Plant In France

Airbus announced plans for an extra assembly line in January when its problem was meeting record demand for the A321neo from its site in Hamburg, Germany, which has suffered production bottlenecks.

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Boeing Hires Lazard, Evercore To Assess Government Aid Or Private Loans

Boeing has noted that typically 70% of its revenue flows to its 17,000 suppliers and has told lawmakers that without significant assistance the entire U.S. aviation manufacturing sector could collapse.

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Boeing Suspending 787 Production At South Carolina Plant

Deliveries of long-range jets like the Boeing 777 or 787 and Airbus A350 or A330 have been hit particularly badly as airlines seek deferrals and many withhold progress payments.

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Airbus Says Reducing Wing Production For Three Weeks

Airbus, whose main industrial operations are shared between four European countries, resumed partial production in France and Spain on Monday at a slower rate than normal.

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