The IAM believes they finally have some leverage with Boeing after 16 years of giving ground. They have prepared for a strike in 2024 for years. Negotiations began in earnest at a Seattle hotel on August 12th. It takes 2/3’s...
Commercial Air Transport firm orders numbered just 102 aircraft – 50 narrowbodies and 41 widebodies. This is one of the lowest order tallies ever seen at the Farnborough or Paris Air Shows. From the conversations we had at...
Further testament that supply chain issues are plaguing both sides of the Atlantic, Airbus said it is looking at expanding its raw material purchasing program to include steel. Under the program, the aircraft OEM negotiates price and quantity of material...
Boeing’s collective bargaining agreement with the IAM expires at midnight on September 12th. The IAM spent the past few years preparing their membership for the eventuality of a strike. On July 17th, the IAM will hold a strike sanction vote...
Last month, we announced we had flattened our aircraft production forecast for the A320neo and A350 families due to tepid Q1 deliveries. Obligingly, Airbus announced last week that they are lowering their 2024 delivery target to ~770 aircraft, down some...
New Caledonia has been under French control since 1853. However, recent French approval of a change to its constitution that may dilute the representation of the island’s indigenous people has sparked violent protests that have impacted transportation, including its international...
Both Boeing and Airbus continue to struggle delivering aircraft, prompting us to revise our full year aircraft production outlook. We are flattening (A320neo, A350) or reducing (737MAX, 787) our forecast for a number of key programs. In the case of...
Spanish stainless steel giant Acerinox, through its wholly-owned US subsidiary North American Stainless, is to acquire Haynes (HAYN) for $970M. Acerinox plans to invest $170M into the ~$600M US maker of specialty nickel-based alloys once the transaction closes, expected to...
After rumors surfaced in the media, Boeing acknowledged they and Spirit were in the initial discussions that could result in Boeing acquiring the troubled supplier. If they end up going ahead with the deal, Boeing will face significant challenges. Among...