Boeing is anticipating certification of all three in-development aircraft by the end of 2025 and expressing confidence in near-term production-ramp estimates.
Boeing CFO Brian West indicated that the troubled airframer and large defense prime will see another year full of red ink when 2024 results are reported.
DAE had $154.3m pretax profit on $679.2m revenues in 1H24 vs $150.4m on $670.1m in 1H23; its orderbook positions are placed until 2Q26. DAE ENGINEERING posted a 33% increase in revenues (performed 162 maintenance checks).
BOEING reactivated third 737 MAX assembly line at Renton, and is now producing about 25 aircraft per month, citing receipt of clean fuselages from SPIRIT. It still has 90 pre-built 737-8s (mostly for China/India) and 25 787s being reworkes, of which most are expected to be delivered by end 2024 in order to close its shadow factories by end of year.
BOEING had $1.4b net loss on $16.9b revenues in 2Q24 vs $149m loss on $19.8b in 2Q23; BCA lost $715m on $6b vs $383m loss on $8.8b with planned production increases to 38 737s per month and five 787s per month by end of '24.
Royal Jordanian’s (RJ) Board of Directors has approved the company's financial results for first half of 2024 showing the war on Gaza has impacted the airline’s operational performance.
The advancement of business aviation in Africa is a focus at the 8th Aviation AFRICA Summit & Exhibition following the co-location of the African Business Aircraft Association’s (AfBAA) Symposium and Annual General Meeting.
Europe is pressing ahead with the second Ariane 6 launch, even as program officials continue to assess an upper-stage glitch during the rocket’s first flight.
Safran CEO Olivier Andries has blamed delays in CFM Leap 1A engine deliveries to Airbus on a drop in output at a high-pressure turbine (HPT) blade supplier.
Northrop Grumman’s Geosynchronous Auxiliary Support Tanker (GAS-T) spacecraft has passed the system requirements review, but the contract with SSC has ended.
AVIATION PARTNERS BOEING has Flybondi order to supply Split Scimitar Winglets for its 15 737-800s; installations are being performed through end of 2024 at AEROLINEAS ARGENTINAS with first two (30698/33007) complete.
AIRBUS had €230m net profit on €16b revenues in 2Q24 vs €1.1b on €15.9b in 2Q23; Commercial Aircraft earned €1.5b on €12b vs €1.3b on €12.2b, and says its monthly production targets are all on track: A220 to 14 in 2026; A320neo Family to 75 in 2027; A330 to four in 2024; and A350 to 12 in 2028. It still plans to deliver around 770 aircraft in 2024.
SK CAPITAL, NY agreed to acquire the North America Composites & Fuel Containment (CFC) Division of Parker Hannifin, which supplies engineered carbon fiber composite components and fuel containment solutions ($350m annual sales).
