As the strike at Boeing is impacting the airframer’s supply chain, Safran is taking action to protect its own suppliers, Safran CEO Olivier Andries said.
Widebody airliners remain essential for intercontinental transport, but without new models, an industry built on continuous improvement risks falling behind.
While the company has made significant progress in development and was nearing first flight of a production-standard aircraft, it has run out of time and money.
LILIUM announced that German subsidiaries, Lilium GmbH and Lilium eAircraft GmbH, plan to file for insolvency under German law and apply for self-administration after failing to secure funding from German government and other sources.
MTU AERO ENGINES had €211m net profit on €1.9b revenues in 3Q24 vs €568m loss (due to charges relating to GTF inspection program) on €1.5b in 3Q23. It ended the quarter with €23.4b backlog, down 4% from €24.4b a year ago.
SPIRIT AEROSYSTEMS had $477m net loss on $1.47b revenues in 3Q24 vs $204m loss on $1.44b in 3Q23 and ended quarter with $218m in cash (vs $374m) and $48b backlog (vs $42.2b); it delivered 332 shipsets vs 332 a year ago.
BOEING says commercial aircraft production rate goals will have to be pushed into 2025. It wants to have good feeling internally by end 2024 on long-range planning, incl. potential divestitures, program adjustments and future commitments.
BOEING says it currently has 60 737-8s (primarily for China and India) and 30 787s in stock awaiting rework prior to delivery to customers; it now says shadow factories will need remain open into 2025 due to IAM work stoppage.
Spirit AeroSystems is racing to finish its sale to Airbus and Boeing or find enough bridge financing and cost cuts before otherwise running out of money.
The FAA has issued its regulation on powered-lift operations and pilot certification, a milestone that paves the way for the onset of eVTOL services in the U.S.
NATILUS, CA debuted 200-pax Horizon blended-wing-body commercial aircraft, designed to emit 50% less emissions and burn 30% less fuel than traditional tube-and-wing aircraft, for initial delivery/transatlantic services in early 2030s.
