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.
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.
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.
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.
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).
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.
NWI AEROSTRUCTURES secured $75m capital investment from GREAT ROCK CAPITAL for three affiliates, NWI Nashville, Utica Realty Nashville and NWI Wichita, for growth in delivering machined aviation components/assemblies.
HOWMET AEROSPACE had $266m net income on $1.9b sales in 2Q24 vs $193m on $1.6b in 2Q23; commercial aerospace sales rose 27%. It says its biggest issue continues to be OEMs' ability to build aircraft on consistent basis.
BARNES AEROSPACE-SINGAPORE signed long-term, $33m contract extension from MTU Aero Engines to continue to supply mission-critical engine components for GTFs (for A320 Family and A220) and PW800s (for G500 and G600).
Turkish Aerospace (TAI) has shifted priorities in its rotary-wing programs and will focus its attention on developing a 10-metric-ton utility helicopter.
Al Yah Satellite Communications reported a drop in revenue for the first half of the year, driven by a payload anomaly on its Thuraya 3 geostationary satcom.
