Aerospace

Some observers think the coming years could see more industry fragmentation and the rise of up-and-coming middle-market players.

Sustainable aviation fuel is now a necessity for airlines in Europe, but they argue that more needs to be done to increase volumes.

Toshinori (Tony) Kondo to Chief Executive Officer of Werner Aero, NJ, succeeding Mike Cazaz, who retired at end of 2024.

BAYKAR, Türkiye won bidding process to acquire PIAGGIO AEROSPACE; deal has been approved by Italy’s Ministry of Enterprises and Made in Italy.

INCORA (Wesco Aircraft/Pattonair) confirmed its Plan of Reorganization to emerge from Chapter 11 in January 2025.

Joubine Motaharian to Vice President-Consulting of AVITAS, Fairfax, VA.

VOLOCOPTER, Germany filed for insolvency proceedings to secure a long-planned capital increase from its existing shareholders; it is operating as normal. A partner at Anchor Rechtsanwältegesellschaft was appointed as administrator.

Archer finished 2024 at $9.75, up 59% from its 2023 result of $6.14, boosted by a better than 200% share price surge that began in November.

The partnership aims to revolutionize air travel in India by introducing seven-seat electric flying taxis.

Some aerospace students assert that the industry is doing too little too late about sustainability.

As we reflect on 2024's achievements in aerospace, explore five impactful stories that shaped the industry, curated by the Aviation Week Network.

Aviation Week Network offers award-winning podcasts on all aspects of aerospace. Here are 2024's most listened-to Boeing episodes.

MENA players will have a significant and strategic role within the aircraft leasing market in the coming years. Ali Ben Lmadani, CEO ABL Corporation talked about how funding options can help achieve rapid growth without compromising sustainability goals.

EHang, meanwhile, continues to expand on its leading position on China’s emerging low-altitude economy.

Volocopter aims to uphold normal business operations after filing for bankruptcy as it failed to secure additional capital from its existing shareholders.

A Boeing 737-800 operated by South Korean carrier Jeju Air collided with a wall after touching down without its landing gear deployed at Muan Airport on Dec. 29.

SPIRIT AEROSYSTEMS plans special meeting of stockholders on January 31 to vote on planned merger with BOEING.

VERTICAL AEROSPACE finalized investment agreement with MUDRICK CAPITAL for $50m (SPNWS; Nov 29).

LILIUM signed purchase agreement with MOBILE UPLIFT (company set up by experienced consortium of investors from Europe and North America) to acquire operating assets and provide sufficient funding to restart business operations.

BOEING is reportedly now aiming to increase 737 MAX production to 38 per month by May 2025 vs end 2024 due to IAM strike; prior to strike, it was producing about 25 aircraft per month, citing receipt of clean fuselages from SPIRIT.

Turkish drone-maker Baykar has acquired Italy’s beleaguered Piaggio Aerospace, just over six years after the latter entered extraordinary administration.

Sierra Nevada Corp. can move forward on the U.S. Army ’ s High Accuracy Detection and Exploitation System contract.

Internet images show a new Chinese combat aircraft with a cockpit and stealthy configuration, including a diamond-style wing with no vertical tails.

Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.

Saudia won Cabin Crew of the Year award during the 18th edition of the Aviation Business Middle East Awards 2024.