Engineering and leasing news

Aircraft engine manufacturer Rolls-Royce has announced it is cutting 9,000 jobs as it deals with the crisis caused by the Coronavirus Pandemic. The engineering giant has planned a major restructuring which will include cutting almost 20% of its workforce primarily in the civil aerospace divisions which makes jet engines for [read more]

With the news that Virgin Atlantic is retiring its remaining 7 Boeing 747-400 Jumbo Jets its a very real possibility that we could come out of this pandemic with none of the type left in the UK fleet. The once exulted “Queen of the Skies” was the airliner of choice [read more]

General Electric (GE) has become the latest aerospace company to consult with workers over job losses. GE Aviation Wales, which operates an engine servicing and maintenance facility at Nantgarw, South Wales has said is consulting its 1,400 employees as its parent company looks to cut around 13,000 workers worldwide. The [read more]

The second of four Boeing 777X aircraft has completed its first flight ahead of entering the certification test program. The Boeing 777-9 WH002, will be used to test the handling characteristics and performance of the type which will not be certified as a new aircraft but an extension of the [read more]

Engineering Giant Rolls-Royce could make cuts of up to 8000 people from its 23,000 strong UK workforce as airframers slow production of aircraft. Derby-based Rolls-Royce produces engines used by both Airbus and Boeing who are both reducing their aircraft output in the wake of the Coronavirus Pandemic. As a result [read more]

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]

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]

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]