CNBC
• Leslie Josephs
Boeing plans to reduce its commercial aircraft workforce by about 5%, or roughly 2,500 positions, as slower-than-planned production growth leaves the division overstaffed against revised manufacturing plans. The cuts will include attrition and layoffs, with notices potentially beginning in December, as Boeing resets the pace of 737 Max production.
Aircraft Manufacturing (OEMs)
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Japanese aerospace companies are reporting revenue growth, underscoring the country’s role in the global aircraft and engine supply chain. IHI was among the prominent exhibitors at the 2024 Japan Aerospace event, a showcase for an industry whose suppliers are integral to aircraft production.
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Boeing plans to reduce its commercial aircraft workforce by about 5%, or roughly 2,500 positions, as slower-than-planned production growth leaves the division overstaffed against revised manufacturing plans. The cuts will include attrition and layoffs, with notices potentially beginning in December, as Boeing resets the pace of 737 Max production.
Safran Power Units will supply turbojet engines for UVAD Technologies’ reusable Falcon supersonic aerial target, designed to reach Mach 1.6. The companies say ground testing is complete and flight testing remains on track for 2027, advancing a high-speed unmanned platform toward its first flight.
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Embraer’s India ambitions span a possible E175 deal with an Indian airline and a proposed role for India in manufacturing and exporting C-390 Millennium transports across Asia. The C-390 strategy is tied to a potential Indian Air Force requirement for 60 aircraft and a cited regional market of 500 jets; the commercial push faces a test of airline economics.
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The A350-1000ULR flew 12,503 nautical miles nonstop on a 24-hour test flight from Melbourne to Toulouse, setting a Guinness World Record for distance by a commercial airliner. Qantas plans to use the type for Project Sunrise; from its October 2027 launch, flights QF1 and QF2 are set to become nonstop Sydney–London services, replacing the current Singapore stop.
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Airbus has started a planned three-year buyback of up to €5 billion ($5.6 billion), beginning with a tranche of up to €800 million running from Nov. 9 to Dec. 23. The company says it will cancel shares repurchased, rather than use them for employee plans as in previous buybacks.
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An Airbus A350-1000 ULR test aircraft flew 12,503 nautical miles nonstop in 24 hours and 24 minutes, surpassing the previous commercial-aircraft distance record set by a Boeing 777-200LR in 2005. Separately, Philippine Airlines finalized contracts for nine additional A350-1000s, including Rolls-Royce Trent XWB-97 engines and TotalCare support.
Beijing Airlink Aircraft, established in March, has presented two hybrid-powered business jet concepts: the Belyn 100HF and Belyn 100HP. The announcement introduces a new Chinese entrant and two proposed aircraft to the business aviation market, but the available report provides no details on specifications, development timelines or commercialization plans.
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