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Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production

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Published: Monday, 14 October 2024 21:22

Manufacturer to book $5 billion in charges on troubled programs and warns of deeper quarterly loss amid machinists strike

Boeing will delay the launch of the 777X to 2026. Boeing will cut 10% of its global workforce, or roughly 17,000 jobs, and warned of deeper losses in its operations as a machinist strike compounds problems brewing at the jet maker for years.

Along with the job cuts, the manufacturing giant said it would further delay the launch of a new airplane, the 777X, that is already years behind schedule. It will also discontinue the 767 cargo plane. 

Boeing will book $3 billion of pretax charges tied to the two jet programs and another $2 billion in write-offs tied to several troubled programs in its defense unit. The charges will result in a quarterly net loss of roughly $6 billion.

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Airbus to Miss Plane-Delivery Annual Goals, Citing Technical Challenges

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Published: Monday, 30 September 2024 11:40

The European plane maker said that it will book charges of about €900 million in the first half of 2024

Airbus said it will miss annual aircraft targets, and will book charges of about €900 million in the first half of 2024. Airbus AIR said it won’t be meeting its annual targets for the year, including the number of commercial aircraft it planned to deliver, after its space-systems management team identified further commercial and technical challenges.

The European plane maker on Monday said that it will also book charges of about €900 million ($962.5 million) in the first half of 2024 following an extensive review of its space-systems programs.

Airbus expects to end the year delivering 770 commercial aircraft, down from a prior outlook of 800 commercial aircraft deliveries a couple of months ago.

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It’s the Airplane of the Future. It’s Still Grounded.

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Published: Monday, 23 September 2024 11:37

Engine problems are the latest chapter in the troubled history of the Airbus A220, a jet with the potential to revolutionize regional and short-haul travel

An Airbus A220-300’s roughly 170 seats make it ideal for small European countries’ flag carriers. Corporate history is full of great products that flopped—Betamax, Commodore’s Amiga computer and Aston Martin’s 1974 Lagonda car. For the Airbus AIR A220, avoiding a similar fate seems like a constant struggle.

The durability problems affecting jet engines have hit this aircraft hard, forcing airlines to cancel flights and ground crews. RTX-owned Pratt & Whitney has said that many of its PW1500G turbofans, which were supposed to last 20,000 flight cycles, should be sent to the shop at 5,000. Some are being sent in before 600 cycles. According to August estimates by analytics firm IBA, 15% of global A220s are grounded and another 42% are of the age that suggest inspections have happened or are due.

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EU Aviation Safety Agency Calls for A350 Inspections After Cathay Pacific Engine Trouble

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Published: Tuesday, 17 September 2024 15:34

The bloc’s aviation safety agency said it will require a one-time fleet inspection. The European Union’s aviation safety agency called for inspections to be carried out on Airbus A350 model planes after Hong Kong-based airline Cathay Pacific discovered earlier this week that engine components on some of its planes required replacement.

The bloc’s aviation safety agency said in an emergency airworthiness directive on Thursday that it is requiring a “one-off inspection of flexible fuel hose connections inside the engines to check for damage” on Airbus A350-1000 jets powered by Rolls-Royce Trent XWB-97 engines.

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