Angeles Equity Partners is adding its own director to Primus' board as part of the deal as the Tier 2 supplier looks to scale up.

Despite euphoria creeping into industry chatter on the back of new large orders and OEM forecasts for ramping up production rates, a new report warns profits in the industry this year are likely to barely reach breakeven at best.

Rolls-Royce says it will make its all of its civil aircraft engines compatible with sustainable aviation fuels (SAF) as part of its roadmap for decarbonizing aerospace.

Created as part of the American Rescue Plan Act signed into law in March 2021, the program makes available $3 billion in total payroll support for aviation manufacturing companies that furloughed workers during the COVID-19 pandemic.

Jordanian MRO and engineering company Joramco – part of the DAE Group – kicked off the MRO Middle East show in Dubai today with the first announcement of the event.

The OEM is hoping that by proving its ability to produce H175 components normally supplied by Chinese industry within Europe, it could comfortably propose a military version—called H175M—to meet the UK’s upcoming New Medium Helicopter (NMH) need. 

The former Triumph Group aerostructures business recently acquired by private equity firm Arlington Capital Partners has been rebranded Qarbon Aerospace and could be looking to acquire other assets in the embattled sector.

Based on Airbus’ latest thinking that single-aisle demand will return sooner than expected, the OEM is resuming preparatory work for a new narrowbody final assembly line in Toulouse to be operational by the end of 2022.