Civil aerospace news and insights from Forecast International
Boeing, the U.S. aerospace giant, announced significant job cuts on Monday, impacting thousands of workers across several states. The company will lay off over 2,500 employees in Washington, Oregon, South …
Boeing to Cut Over 2,500 Jobs as Major Layoff Plan Takes Shape Read More
Following an extensive market review, and in light of lingering tensions on its supply chain, ATR has decided to focus its efforts on further boosting the competitiveness of its current …
ATR Ceases Development of ATR 42-600S STOL Version Read More
Boeing has released its 2024 World Air Cargo Forecast (WACF), projecting sustained growth in the air cargo industry. The aerospace giant forecasts a 4% annual increase in air cargo traffic …
Boeing Projects Annual 4 Percent Growth in Air Cargo Through 2043 Read More
Embraer announced an adjustment to its full-year 2024 guidance on November 8. The company stated that it believes its previous guidance no longer accurately reflects the balanced opportunities and risks …
Embraer Cuts 2024 E-Jet Delivery Guidance Amid Strong Q3 Performance Read More
Boeing’s grueling seven-week strike by the International Association of Machinists and Aerospace Workers (IAM) finally came to a close after union members voted 59% in favor of a new contract …
Boeing Strike Ends After Workers Approve New Contract Read More
CAE announced it will increase its ownership stake in SIMCOM Aviation Training (SIMCOM) by purchasing a majority of shares from Volo Sicuro for $230 million. The transaction, expected to close …
CAE Expands Business Aviation Training with Majority Stake in SIMCOM Read More
Boeing’s unionized workforce will vote on November 4 on an enhanced contract offer that could end their seven-week strike, which has halted production of key aircraft models and added strain …
Boeing Machinists to Vote on Revised Contract Offer on Monday Read More
Piper Aircraft’s new M700 Fury single-engine turboprop has received type certification from the European Union Aviation Safety Agency (EASA), Brazil’s Agencia Nacional de Aviacao Civil (ANAC), and the Civil Aviation …
Piper M700 Awarded EASA, ANAC, and CASA Type Certifications Read More
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A four-week strike by machinists at Textron Aviation has taken a significant toll on the company’s third-quarter financial performance. The labor action, which began on September 23rd and concluded on …
Machinists’ Strike Hits Textron Aviation’s Bottom Line Read More