“COVID-19 adaptation plan”
CEO Guillaume Faury announced a “COVID-19 adaptation plan” that includes a cut of 15,000 positions.
“Airbus is facing the most serious crisis this industry has ever experienced. Our business in the civil aircraft business has decreased by 40%, and we expect it to remain at the level for the next two years. Then in 2022 we believe there will be an acceptance in single aisle business. Widebody deliveries will take longer to recover, perhaps until 2025. Today’s announcement is our long-term adaptation to lower demand. There is no further adaptation of our announced production rates due to this. Our initial estimate for April was quite good. He took a single aisle from 60 to 40, A350 from 9.5 to six and A330 from 3.5 to two. We hope that this is the level for the coming months. Airbus is always adjusting fares to the real situation, so there will be smaller adjustments in the future, but these are the levels from which we work. ”
Jumbo Jets era is over
In the United States, the Boeing Quietly Pulls Plug on the 747, was the closing era for Jumbo Jets.
Boeing Co. has not told employees, but the company is shutting down its massive 747 jumbo jet, ending a half-century career for the twin-aisle pioneer.
The latest 747-8 will leave a factory in the Seattle area in about two years, a decision that has not been reported but may be drawn from subtle changes to the wording of the financial statements, people familiar with the matter said.
“At a build rate of half a plane per month, the 747-8 program has more than two years of production ahead of us to meet our current commitments to customers. We will continue to make the right decisions to keep the production line healthy and meet customer needs, “Boeing said for this story.
Airbus is already preparing to build the latest A380 jumbo jet, after the last convoy of fuselage segments rumbled at its Toulouse, France plant last month.
Air France, Lufthansa and Qatar Airways are among the companies that are weighing whether to land their A380s permanently or are preparing to do so. Airbus has just nine of the planes still to be delivered.
Recovery will take many forms, none
Boeing is an excellent example of why Recovery will take many forms, none.
See also Unemployment is much worse than it seems.
Fed President Jerome Powell promotes the idea that an acceleration takes many years.
Regarding Boeing, my industry contact commented, “Boeing only has the 737 MAX in the single-aisle category. If the wide bodies take until 2025 to recover, its 787 and 777 X aircraft are in trouble.”
Mish
