The meaning and consequences of frozen credit markets

Subscription Required By Vincent Valery Introduction   March 26, 2020, © Leeham News: Credit markets are effectively frozen for many businesses, Boeing said this week. That’s why the company asked Congress for $60bn in federal aid for itself and… Read More

Boeing suspends production of wide-bodies

March 23, 2020, (c) Leeham News: Boeing today announced it will suspend production of its wide-bodies for 14 days, beginning Wednesday. Production slowdown begins today. The move is in response to the COVID-19 crisis. Boeing is the last… Read More

Coronavirus upends Airbus, Embraer in addition to Boeing woes

Subscription Required By Scott Hamilton Introduction March 23, 2020, © Leeham News: The dramatically and continuously worsening impact of coronavirus worldwide is upending Boeing—more than it has been—and Airbus. Boeing is considering shutting the wide-body production lines, The… Read More

Airbus boosts liquidity to €30bn with new credit line; suspends dividend

By Scott Hamilton March 22, 2020, (c) Leeham News (Seattle Time): Airbus today announced a new €15bn credit facility to boost liquidity during the COVID-19 virus crisis. In an early morning release March 23, Toulouse time, Airbus said… Read More

Boeing workers delay production over Covid-19 fears

By Bryan Corliss March 20, 2020, © Leeham News: Sources close to Boeing tell Leeham News & Analysis that Machinists Union members in Puget Sound have shut down production on several occasions this week over fears that the… Read More

Why bailouts make sense under these circumstances

By Scott Hamilton Commentary March 18, 2020, © Leeham News: The Federal government is preparing a bailout, said to be more than $1 trillion, to pump into the US economy. Airlines want $50bn. Boeing wants $60bn for the… Read More

US carriers not at imminent risk of bankruptcy despite potential shutdown

By Judson Rollins March 16, 2020, © Leeham News: Throughout Sunday afternoon and evening, reports – all unconfirmed – began to emerge in the US that as early as today, the Trump administration may announce a suspension of… Read More

Engineers OK Boeing contract extension; techs say no

By Bryan Corliss March 11, 2020 © Leeham News – New Boeing CEO Dave Calhoun earned a split decision in his first major labor relations test Monday, as unionized engineers with the company’s Commercial Airplanes division narrowly approved… Read More

An upcoming shakeup in European skies

By Vincent Valery Introduction   Mar. 3, 2020, © Leeham News: After the 2012-2014 European sovereign debt crisis, passenger traffic grew briskly in Europe. The expansion of low-cost airlines, combined with increasing passenger traffic from Asia, contributed to this… Read More

Coronavirus dominates sideline talk at aviation conference

By Scott Hamilton March 2, 2020, © Leeham News, Austin (TX): The global impact of COVID-19, the coronavirus, was the dominant talk on the sidelines of an aviation conference here. Industry professionals predict the reduction in airline service… Read More