IBA has revealed that with rising engine lease rates and market values showing double-digit growth, the engine sector is now a “lessors’ market”.

COVID-19 wiped out six years of growth and hundreds of billions of dollars in economic value.

Supply chain problems with different root causes will keep output below previous forecasts for much of 2024, as 737 challenges draw more scrutiny.

The opening of a Boeing Research and Technology center in Nagoya heralds a new push by the OEM to focus on sustainable aviation technologies and innovation in the country.

The aerospace industry is about to face new constraints in raw material supply, due to geopolitical tensions and needs for emerging technologies, GIFAS said.

Wary of the green hydrogen production challenge, industry cautiously eyes growth prospects.

Buoyed by double-digit first-quarter revenues and a busy commercial and defense orderbook, GE Aerospace reported an operating profit of $1.5 billion.

Advanced battery startup Amprius and battery pack manufacturer Stafl Systems to develop high-performance battery systems for uncrewed aircraft and AAM.