Aerospace

EMBRAER expects arbitration against BOEING for terminating their Master Transaction Agreement and Contribution Agreement will conclude in 3Q24.

Lewis Sutherland to Managing Director for Aerospace Leasing of AE Industrial Partners, FL.

BOEING plans to invest $61m into British Columbia aerospace enterprises for Canada's selection of P-8A (16 aircraft) as replacement aircraft.

Rob Rideout, Jr. to Vice President-Strategic Procurement of AMETEK, Berwyn, PA.

JOBY AVIATION rolled out third eVTOL prototype off its pilot production line in Marina, CA; it expects to have four aircraft in flight testing in 3Q24.

AERSALE had $3.6m net loss in 2Q24 (vs $2.7m loss in 2Q23) on 11% higher revenues, driven by higher feedstock acquisitions, continued MRO demand and higher AerSafe sales; y-o-y USM revenue increased 19.2% and TechOps 9.4%.

EMBRAER earned US$102.5m on US$1.5b revenues in 2Q24 vs US$26.1m loss on US$1.3b (commercial up 17%; executive down 11%) in 2Q23. It has $21.1b backlog and still plans to deliver 197-215 aircraft in 2024 (71 in 1H24).

What could the supply chain look like for the next generation of single-aisles?

The flight was planned to coincide with Paris' hosting of the 2024 Summer Olympics.

Etihad Airways has reported its H1 2024 results, recording a 48 per cent increase in profit after tax achieving AED 851 million (U.S.$ 232 million).

MD Helicopters (MDH) has signed a five-year, $19M support contract with the Saudi Arabian National Guard (SANG).

Jazeera Airways has reported strong results for the second quarter and mid-year 2024.

Triumph says it is contending with issues across commercial and defense programs as it grapples with supply chain challenges that are denting its cash position.

Data from 363 prior missions was key for the speedy return to flight.

New requirements to validate human factors assumptions and the need to comply with a 2013 rule have pushed Boeing down an unfamiliar path to 777X type inspection authorization.

Suborbital space tourism company Virgin Galactic has revealed new details of its long-term business model.

The EL-2 Goldfinch is a two-seat technology demonstrator that combines hybrid-electric propulsion with a blown-lift architecture.

JEH AEROSPACE, CA selected GridRaster to provide Spatial AI, augmented reality (AR)and virtual reality (VR) technologies to upgrade manufacturing.

Dave Munroe to Vice President-Finance and Administration of SKYTRAC Systems, Canada.

MAGELLAN AEROSPACE, Toronto had C$13.8m net income on C$478m revenues in 1H24 vs C$5.8m on C$443m in 1H23.

ELECTRA made first piloted flight of its Goldfinch hybrid-electric eSTOL aircraft at NASA Langley's Research Center.

Some airlines are becoming increasingly involved in studies to see which concepts might be more beneficial than others to their future operations.

TRIUMPH GROUP lost $14.1m on $281m sales in first quarter ended June 30 vs $18.2m loss on $264m a year ago; Commercial OEM sales increased 1.4% to $118.7m (Interiors sales down) and Commercial Aftermarket 42.6% to $15m.

EMBRAER signed 5-year, US$1.1b syndicated credit line (upgraded from $650m) to access cash at pre-negotiated rates.

L3 Harris has signed a contract for up to 20 launches aboard Firefly Aerospace’s Alpha rocket.