SIRIUS AVIATION unveiled two hydrogen-powered business jets, developed in collaboration with BMW DESIGNWORKS: the 3-seat Sirius CEO-Jet and 5-seat Sirius Adventure Jet that both have 323-knot max speed and range of 1,150 miles.
LEONARDO, Italy selected its site at Grottaglie for final assembly of AW609 as it is pausing production of composite center fuselage barrels for 787 for four months in order to align production with short-term reduction in demand.
SMBC AVIATION CAPITAL finalized 5-year, $1.5b global syndicated finance facility, which includes $375m term loan and a $1.125b revolving credit facility, with 29 lenders, of which 13, representing 40% of funding, are new to the company.
AIRBUS says it is facing persistent supply chain issues, mainly in engines, aerostructures and cabin equipment, and now intends to deliver 770 commercial aircraft in 2024 (vs previous plan for 800) and continues to ramp up towards a rate of 75 A320 Family aircraft per month, which is now expected in 2027 (vs 2026). It plans to disclose first half results on July 30.
STRATASYS, Israel made strategic investment in Latvia's AM CRAFT as part new partnership to develop/produce flight-certified 3D printed parts for the aviation industry. AM Craft hold an EASA Part 21G Production Organization Approval.
CAE inaugurated Gulfstream-dedicated business aviation training center at Savannah to house four full-flight simulators. It now has five centers dedicated to business aviation training in the US: New Jersey, Nevada, Texas, Florida and Georgia.