Boeing intends to reduce its overall workforce by 10 percent or some 16.000 employees as it is confronted by the new market reality after the Covid-19 crisis, CEO David Calhoun has written in a letter to employees. The Commercial Airplanes…
Commercial Boeing eyes major bond issue to raise funds – Reuters Airbus Q1: lower results, response to the crisis still assessed – AirInsight How did a small U.S. airport get an $18 million federal bailout? – CentralMaine Airbus not expecting…
Airbus is still assessing the implications of the Covid-crisis on its outlook and hasn’t announced new measures yet to cope with the “gravest crisis the aerospace industry has ever known”, CEO Guillaume Faury said on April 29 at the presentation…
Southwest Airlines aims to reduce operating costs by $2 billion and Capex by $1 billion this year to weather the Covid-storm. Daily cash burn has been halved from $60-65 million a day to $30-35 million by the end of Q2,…
British Airways could slash up to 12.000 jobs as it has started a restructuring and redundancy program in response to the Covid-19 crisis, parent company International Airlines Group (IAG) confirmed on April 28. The restructuring will also affect the Group’s…