GE Aviation Posts Profit, Points To Services Recovery
Credit: Sean Broderick/AWST
Steady increases in key metrics including departures and spare parts sales have GE executives confident that its aviation services unit is headed in the right direction and original equipment (OE) sales are poised to follow as aircraft production rates increase, company executives said.
Daily Memo: What Midyear Financial Reports Say About The State Of Aerospace Business
Credit: Saul Loeb/AFP/Getty Images
With midyear financial reports starting to emerge, financial analysts have been poised to approve the Western aerospace industry’s latest quarterly results with modest relief.
European Commission Reapproves State Support For Condor
Credit: Ina Fassbender/AFP/Getty Images
The restructuring of German leisure airline Condor and planned renewal of its aging fleet can move forward after the European Commission (EC) found that state support totaling €525.3 million ($617 million) was in line with EU State Aid rules.
Joby Achieves 150 Mile-Plus Flight On Single Charge
Credit: Joby Aviation
The California-based electric air taxi developer has marked a key flight test milestone by flying a full-size S4 prototype to its design range of more than 150 mi. on a single charge.
UK Government Unveils ‘Green Fuel’ Contest Finalists
Credit: Nova Pangaea
Sustainable aviation fuel (SAF) projects ranging from the capture of atmospheric carbon dioxide to processing of sewage have been shortlisted for funding under a UK government contest designed to promote alternative fuel production technologies at commercial scale.
GE Aviation posts profits, a European Commission reapproves state support for Condor and more.
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