aerospace
Japan to boost space co-operation with U.S. in revised policy
Japan will seek to co-operate with the U.S. in sending astronauts on an American lunar mission
Virgin Galactic inks NASA deal for commercial space flights
Company to recruit candidates interested in purchasing private missions to the space station.
EDC predicts 20% drop in exports before rebounding in 2021
Automotive, aerospace and energy big contributors to the 2020 drop.
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CAE ventilator receives Health Canada certification, starts shipping
Will manufacture and supply 10,000 ventilators for hospitals across Canada.
WestJet releases July schedule for air travel
Airline continues to focus on significant safety and hygiene enhancements to ensure a safe travel journey
Bombardier to be dropped from S&P/TSX composite index
Company says the move doesn’t change anything in terms of its liquidity and status as an actively traded stock on the TSX.
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Bombardier will cut 2,500 jobs from its aviation side
Most reductions will impact manufacturing operations in Canada and take place progressively throughout the year.
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Shareholder group objects to former Bombardier CEO special payment
Advisory agency says practises raise “serious questions” given the company’s weak financial performance before his dismissal.
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Bombardier exits commercial jets with closure of US$550M CRJ deal
Paves the way for the aircraft manufacturer to focus on its sole future income stream – private jets.
Boeing slashes 12,000 jobs as virus seizes travel industry
Aerospace giant said it would cut 10% of a workforce that numbered about 160,000.
First commercial space taxi a pit stop on Musk’s Mars quest
Space is becoming the domain of private firms, with eccentric Elon Musk’s SpaceX at the forefront.
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CAE foresees ‘major disruptions’ into autumn due to COVID-19
CEO Marc Parent believes 2020-21 “will be a tale of two halves” for the flight simulator manufacturer.
Boeing to reduce workforce by 400 in Winnipeg due to pandemic
Reductions will come from voluntary and involuntary layoffs and normal attrition.
Canada turns to US Navy for help recovering downed military chopper
Experts say examining the main wreckage could provide important clues to the cause of the crash off the Greek coast.
Rolls-Royce cuts 9,000 jobs as aviation reels
CEO says most of the cuts will take place in the civil aerospace business.
