Airlines and aerospace industry accelerate restructuring

Countries start to compete to ensure their primes and supply chains make it through

With air travel down to just 10% of what it was and no clear flightpath back to previous levels, the aerospace industry is in survival mode. It's going to be some time until people feel confident to travel again, possibly not until a vaccination programme is announced.

The impacts are growing. There have been more articles this week, in the national and international press, about airline and aerospace job losses around the world and companies seeking government help to make it through this time.

4 May Opinion: How To Save The Aerospace Supply Chain Aviation Week

4 May Daily Memo: An Early Peek At The Pandemic’s Implications For Engine MRO Aviation Week

6 May Spirit CEO: Bombardier, Asco Acquisitions Proceeding AIN Online

6 May Aéronautique: le Gifas demande au moins le milliard L’Antenne

7 May Aerospace manufacturers and airports seek more US government cash Flight Global

7 May Rolls-Royce prepares to cut workforce as civil engine outlook slumps Flight Global

7 May British Airways Considering Early Retirement For The Boeing 747 Simple Flying

7 May Fears Rolls-Royce may need government rescue Telegraph

7 May Rolls-Royce aircraft engines at idle Le Journal de l'Aviation

7 May Burnley aerospace giant Safran Nacelles is set to cut 250 jobs Lancashire Live

8 May French Industry Launches Solidarity Effort Aviation Week

8 May Boeing Sees Max Factory Restart in May After Four-Month Shutdown Bloomberg

9 May United Airlines to Retire Boeing 767-400ER Aeronautics Online

9 May Jumbo jet sunset: coronavirus hastens the end of the Boeing 747 Guardian/ Observer

9 May How AirBaltic is transforming its fleet and accelerating deliveries International Flight Network

10 May Airlines seek ‘urgent’ support after quarantine plan deepens crisis FT

10 May Will American Use The A321neo To Replace 757 Routes? Simple Flying

11 May For SMEs, the crisis is only beginning Flight Global

11 May Fitch Revises MTU Aero Engines' Outlook to Negative; Affirms at 'BBB' Fitch Ratings

11 May 100 million euros state aid for Sonaca

11 May Qantas pauses Airbus, Boeing aircraft deliveries amid pandemic The Research Process (blog)

11 May IATA: Passenger demand may not recover until 2024 Cirium

12 May Why strong supplier chain could save Boeing Flight Global

13 May UK manufacturers push back against 14-day quarantine plan FT

13 May Aéronautique: des dizaines d'entreprises françaises et allemandes en danger [aerospace – dozens of French and German firms at risk] Les Echos de la Bourse

13 May Qatar plans near 20% staff and fleet cuts; pledges support for investments Flight Global

13 May EASA to set out ‘safety protocol’ for restoration of air transport Flight Global

13 May Airbus set to axe 10,000 jobs Telegraph

Last week we shared what the potential impact of COVID-19 will be on Midlands aerospace companies over the next few years and announced the first details of our five-point rescue and recovery plan for the industry. Read about the five pillars and how you can input into the plan here.