Boeing will cut more jobs and ramp up its cash-preservation strategy as it continues to streamline operations and minimize financial damage exacerbated by the global airline downturn, company executives said Oct. 28.
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Airbus’ strategy remains expanding its overseas market share, so the OEM is not likely to bring work back to Europe.
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Faced with the need to move freight quickly and efficiently, Cathay Pacific Airways made the strategic decision to convert a B777-300ER passenger aircraft and partner with freight forwarder Unique Logistics to fly from Vietnam via Hong Kong to Pittsburgh. The new, 12-week cargo program takes advantage of Pittsburgh’s strategic North American location between the Northeast and Midwest in the U.S. and the speed at which cargo moves via Pittsburgh.
Hawaiian Airlines is pushing back its Boeing 787 deliveries due to a weaker long-term demand outlook, although the short-term picture is beginning to improve as quarantine restrictions ease in key markets.
From Boeing holding production rates, eyeing three-year traffic recovery to Finnair seeks to defer A350s, putting narrowbody talks on ice and more. A roundup of Aviation Daily news.
All Nippon Airways plans to create a new low-cost widebody unit and cut back its mainline fleet as part of a major overhaul of its strategy spurred by the COVID-19 crisis.
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