Frost & Sullivan said the global additive manufacturing (AM) materials market for the aerospace industry will reach $535.1 million by 2024, rocketing with a compound annual growth rate (CAGR) of 20.3% through 2024.
The European Union (EU) is urging ICAO to establish the most robust Carbon Offset and Reduction Scheme for International Aviation (CORSIA) system possible, so the global airline industry can stabilize CO2 emissions at 2020 levels.
Boeing logged 40 new commercial aircraft bookings in May, over half for 737 MAXs, lifting the U.S. manufacturer’s total gross orders for 2018 to 361 commercial aircraft valued at about $63 billion, more than doubling the year to-date gross orders (160) and sales ($27 billion) of European competitor Airbus.
Swoop, WestJet’s new ultra-LCC offshoot, has been granted its Transport Canada (TC) air operator’s certificate (AOC), clearing the way for inaugural flights June 20.
Recent news from Southwest Airlines that it is scaling back planned growth through year-end will help keep domestic capacity in check as costs rise, but similar moves will be needed by peers to cement what analysts believe is a necessary market correction.
The scheduled first delivery of the Sino-Russian Craic CR929 widebody airliner has been advanced by two years to 2025, with the first flight now scheduled for 2023.
ADS, the trade body representing the UK aerospace industry, has urged talks to ensure aviation safety arrangements between the European Aviation Safety Agency (EASA) and the UK‘s Civil Aviation Authority (CAA) are hammered out before the UK leaves the European Union (EU).
The European Commission (EC) has given the green light for UK global investment manager AMP Capital Investors and Spanish airports operator Aena Internacional to acquire joint control of London Luton Airport.
Ireland-based aircraft lessor SMBC Aviation Capital posted a $319.4 million full-year pre-tax profit and is aiming to transition the majority of its fleet to new-technology aircraft by the mid-2020s.
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An overly cautious FAA should change its approach to assessing safety risk when it considers unmanned aircraft systems (UAS) operations, the National Academies of Sciences, Engineering and Medicine recommends in a study released June 11.
A pending regulatory mandate will give Boeing 787 operators flying so-called “Package B” versions of Rolls-Royce Trent 1000 engines 30 days to inspect intermediate pressure compressor (IPC) blades for cracks, setting the stage for perhaps more 787 groundings.
Shanghai-based LCC Spring Airlines plans to introduce much longer routes when it begins receiving Airbus A320neo family aircraft in the second half of this year.
Swire Pacific Holdings is attempting to privatize MRO provider Hong Kong Aircraft Engineering Co. (HAECO) by purchasing the outstanding shares it does not yet control.
Sino-Russian consortium Craic has fixed the main dimensional details of its CR929 widebody aircraft, having revised them from figures given to Aviation Daily in May.
Air France said its pilots’ unions had announced a call for strikes on Jun. 23, 24, 25 and 26, part of a long-running dispute between employees and management over pay, and condemned the unions’ move as “incompatible with any concern for the company’s future.”
United Airlines CEO Oscar Munoz—speaking at an Economic Club of Washington, D.C. event June 7—gave no indication the Chicago-based carrier would retreat from its 2018 and longer-range earnings guidance.
