Aerospace

Pilatus Aircraft and F/LIST, a pioneer in innovative cabin solutions, are showcasing a Pilatus PC-24 Super Versatile Jet cabin cross-section at this year’s NBAA-BACE.

Opportunity is ahead for Africa’s MRO sector, as providers in the region work to manage and overcome key constraints. However, challenges include availability of workforce, spares, and onerous regulations, shared panelists during the MRO panel at Aviation Africa.

Airbus says it will cut staff and reorganize its Defense and Space unit to respond to business challenges that have dented the company’s earnings since 2023.

Michael O'Leary expects some of Ryanair's Boeing 737-8-200 deliveries that are due before the end of this year to be pushed back to 2025.

Like the rest of the aerospace industry, the firefighting sector struggles to retain and train enough people in the face of increasing demand.

The next Boeing probably will not be an aerospace and defense conglomerate.

PRATT & WHITNEY CANADA has ACIA Aero Leasing order for 10 new PW127Ms for delivery starting in 2025.

UNILODE renewed ULD management contract with Cargolux for five years.

FDH AERO, CA has Shanghai Aircraft Manufacturing (SAMC) contract for supply chain support for COMAC C919 program.

BOEING has secured $10b supplemental credit agreement with BofA, Citibank, Goldman Sachs and JPMorgan. It also announced it may offer from time to time any combination of securities, stock and/or depositary shares to raise $25m.

HONEYWELL received FAA certification for its Aspire 350 hybrid SATCOM terminal that includes legacy and next-gen Iridium safety and Iridium Certus services in one system to provide secure cockpit and cabin airtime services.

INTEGRATED POLYMER SOLUTIONS (IPS) acquired RMB PRODUCTS, CO (engineered solutions/advanced polymer processes).

DUKANE SEACOM (HEICO) received COSPAS-SARSAT Type Approval Certificate (TAC) for its second generation ELT-DT.

COMAC is understood to be rebranding the ARJ21 as the C909.

EVE AIR MOBILITY secured US$88m loan from Brazil's BNDES to finance eVTOL manufacturing in Taubate, SP.

MTU AERO ENGINES raised its 2024 earnings guidance based on preliminary results, which show adjusted EBIT margin of 14% (revenue guidance is unchanged). It is now projecting an adjusted EBIT of >€1b for year, up from €950m-€980m.

Eve’s expanded cash runway should be sufficient to fund the company’s operations through late 2026.

Several companies participated in a “first-of-its-kind trial” to identify and demonstrate new capabilities for intercepting UAVs.

Whisper has adapted its quiet EDF technology to leaf blowers as an early application and path to market.

Boeing-owned startup Wisk has already partnered with several entities in the regioN, one of its launch markets.

Textron eAviation plans to flight-test the full performance envelope of its Nexus eVTOL uncrewed full-scale technology demonstrator.

MTU Aero Engines has lifted its earnings outlook for the year, crediting internal business performance for the healthier outlook.

The world is rapidly moving towards an era of digital transformation and AI is at the forefront of this evolution. The AI that we are going to talk about is Automation and Intelligence; and we will see how unmatched efficiency can be attained with some real examples and problems that our industry is facing.

IndiGo has announced IndiGo Ventures, its corporate venture capital fund, has received the Alternative Investment Fund approval from Securities and Exchange Board of India (SEBI).

Boeing has put a figure on its highly anticipated effort to shore up its balance sheet, disclosing plans to raise as much as $25 billion in liquidity.