EXOSONIC, Southern California announced it is shutting down after failing to secure funding required for development of supersonic aircraft (Horizon airliner and UAVs for US DOD); it is now offering its intellectual property (IP) for sale.
AVIATION WEEK announced winners of 67th Annual Laureate Awards in Commercial Aviation: Airbus A321XLR, Embry-Riddle Safety Center, NASA Electric Aircraft Testbed, SAS's Anko van der Werff and WestJet's Alexis von Hoensbroech.
VOLTAERO inaugurated its 2,400 sq meter final assembly/headquarters facility in Nouvelle-Aquitaine, France to serve as primary hub to produce Cassio family of electric-hybrid aircraft (sized for 150 per year at full rate).
A growing assortment of startups are exploring smaller-scale hydrogen projects with hopes to scale up over time to eventually meet the needs of the mass market.
Embraer’s decision to reduce its guidance for commercial aircraft output is a setback for its efforts to move annual deliveries well past 100 aircraft.
Aviation Week Network announced the recipients of the 67th Annual Laureate Awards (#AWLAUR), honoring extraordinary achievements in the global aerospace arena.
EMBRAER had US$181.7m net income on US$1.69b revenues in 3Q24 vs $64.3m on $1.28b in 3Q23; backlog rose 25% to $22.7b, but it reduced full-year guidance for commercial aircraft deliveries from 72-80 to 70-73 (42 through Sept 30).
AERSALE posted $509k net income on $82.7m revenues in 3Q24 vs $148k loss on $92.5m in 3Q23. Flight equipment sales of $22.6m comprised five engines and no aircraft vs seven engines and a 757-200PF worth $44.8m a year ago.
Hot-section turbine blade availability continues to pace CFM Leap new-engine production rates, but supplier Howmet insists its output is keeping up with demand.
The Wings Club Foundation’s annual scholarships provide financial support to students who have demonstrated academic success in a higher education program.
AIRBUS delivered 62 aircraft (eight A220s; 48 A320neo Fam; four A330s; two A350s) in October vs 71 (nine A220s; 51 A320s; three A330s; eight A350s) in Oct '23; it has delivered 559 of planned 770 for year. It booked/finalized orders from AMERICAN for an A321neo, DRUK AIR for three A320neos/two A321neos and undisclosed customers for 16 A320neos.
