Boeing Factory (Image: Boeing)
Aviation Engineering & Leasing News

Boeing to cut workforce by 16,000

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]

South African Airways
Civil Aviation News

Union says a new airline will replace South African Airways

The National Transport Movement (NTM) which represents South African Airways staff had said that it expects a new airline to replace South African Airways. The airline hasn’t officially ceased operations but the South African Government has rejected calls for further financial aid. Speaking yesterday, NTM president Mashudu Raphetha has said [read more]

British Airways Boeing 777 (Image: Aviation Media Agency)

British Airways to shed up to 12,000 jobs

British Airways (BA/BAW) will need to cut up to 12,000 jobs as its parent company begins a “restructuring and redundancy programme” to recover from the Coronavirus (COVID-19) Pandemic. The airlines parent company International Airlines Group (IAG) said that a plan was being put to trade unions representing the airlines in [read more]

Aerial view of Stage 3 Flowline of single aisle in Broughton. (Image: Airbus)
Aviation Engineering & Leasing News

Airbus confirms it will furlough thousands at Broughton

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]

An Airbus A350-1000XWB touches down at Farnborough (Image: Max Thrust Digital)
Aviation Engineering & Leasing News

Airbus must act quickly to survive

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]