Brazilian planemaker Embraer recently announced that the head of its Commercial Aviation Unit, John Slattery is leaving his position to become the Chief Executive Officer of GE Aviation. Embraer said that Slattery will be replaced by company Chief Commercial Officer Arjan Meijer. Slattery’s resignation comes just weeks after the deal between Embraer and Boeing collapsed.…
Airplane manufacturer Boeing recently announced that it is going ahead with a downsizing exercise as coronavirus pandemic severely impacts the airline industry. The company said that it is eliminating more than 12,000 jobs in the United States, including 6,770 involuntary layoffs. The company also disclosed it plans “several thousand remaining layoffs” in coming months but…
The coronavirus pandemic has brought us on the verge of a global recession. Some sectors of the economy are looking at a crisis, which would take years to recover. Among these are airline and travel industry. With governments imposing travel restrictions and nationwide lockdowns the airline industry has come to a standstill. Airline companies have…
Boeing announced a temporary suspension of production operations at its Puget Sound area facilities in light of the state of emergency in Washington state and the company’s continuous assessment of the accelerating spread of the coronavirus in the region. These actions are being taken to ensure the well-being of employees, their families and the local…