Aviation

Engine maker Rolls-Royce reuses spare parts amidst supply chain crunch

Rolls-Royce has reduced its dependency on Russian supply by entering a new relationship with a titanium source in the United States.

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According to source In light of supply chain challenges that are generating problems for the aerospace sector, British engine manufacturer Rolls-Royce is refurbishing and recycling spare parts. Rolls-Royce stated in a first-half results presentation on August 4, 2022 that two of the major difficulties the company is facing are rising prices and supply chain disruption.

Airlines are already being impacted by a lack of spare components. Six of Latvia-based airBaltic’s Airbus A220s are unable to fly due to a lack of availability for routine maintenance. Right now, there is a lot of tension in the one aisle area. Everyone started out very slowly, and now they are under pressure to ramp up quickly, according to East.

Rolls-Royce reducing supply-chain risks Kakoullis emphasised that Rolls-Royce has reduced its dependency on Russian supply by entering a new relationship with a titanium source in the United States. Olivier Andriès, the chief executive of French aircraft engine supplier Safran, told analysts that he anticipates the problems with the supply chain will continue and probably through the end in 2023.

With the situation in Ukraine, inflationary pressures, and supply chain restrictions all having an effect on our business, the external environment continues to be difficult. In all, Rolls-Royce reported underlying operating profit of £125 million ($152 million), down from £307 million ($374 million) a year earlier, which the firm claimed was the result of one-time profits in the prior year. It reaffirmed its full-year group targets and stated that it expected operating profit margins to increase in the second half.

Aviation

Boeing to Slash 17,000 Jobs Worldwide Amid Ongoing Factory Strike

Boeing to Slash 17,000 Jobs Amid Ongoing Factory Strike

Boeing, one of the world’s largest aerospace manufacturers, is facing a severe crisis. The company announced on Friday that it will lay off 17,000 employees—roughly 10% of its workforce.

This decision comes amid a prolonged strike, production delays, and ongoing safety concerns with its aircraft. Kelly Ortberg, Boeing’s CEO since August, delivered the news, stating, “Our business is in a difficult position, and it is hard to overstate the challenges we face together.

Beyond navigating our current environment, restoring our company requires tough decisions, and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.”

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Boeing has been struggling financially, with the last reported profit in 2018. The company’s largest union, with 33,000 members, has been on strike for nearly a month after rejecting a labor deal. The ongoing walkout is reportedly costing Boeing around a billion dollars each month as negotiations remain at a standstill.

Compounding these issues, Boeing’s much-anticipated boeing 777x wide-body plane is now six years behind schedule, with deliveries postponed until 2026. This follows the discovery of structural damage during flight tests. Boeing also announced it will stop manufacturing its commercial 767 freighters after fulfilling its remaining orders by 2027.

Financially, the company expects to report a significant third-quarter loss—nearly $10 per share—and a total cash outflow of $1.3 billion. boeing new aircraft commercial airplane unit faces a $3 billion pretax charge, while its defense business will absorb an additional $2 billion hit.

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The strike has severely impacted production at key boeing facilities, particularly in Seattle, where half of the company’s nearly 150,000 employees work. Since 2019, Boeing has lost approximately $25 billion.

Ortberg was brought in over the summer to help the company regain public trust following safety concerns, especially surrounding the 737 Max line, which was involved in two deadly crashes. Earlier this year, a separate incident involving a panel popping off a 737 Max mid-flight reignited concerns. A Federal Aviation Administration investigation following the event found that Boeing had failed 33 out of 89 product audits.