Aerospace

Steve Costley

Jennifer Gaines to Chief Legal Officer of XTI Aerospace, CO.

Aerospace

SKF

Steve Costley

SKF, Sweden sold its ring and seal operation in Hanover, PA for $220m to focus on its core aerospace (engine and aerostructure bearings) business.

Aerospace

Steve Costley

AIRBUS posted €983m net profit on €15.7b revenues in 3Q24 vs €806m on €14.9b in 3Q23; Commercial Aircraft earned €904m (vs €783m) on 5% higher revenues and says it still plans to deliver ~770 aircraft in 2024, meaning 273 in 4Q24.

Aerospace

Steve Costley

Lars Wagner, CEO of MTU Aero Engines, was named next CEO-Commercial Aircraft of Airbus, succeeding Christian Scherer (effective 2025).

Aerospace

Steve Costley

MOTION INDUSTRIES, AL agreed to acquire Canada's STONEY CREEK HYDRAULICS (hydraulic/pneumatic cylinders).

Aerospace

Steve Costley

EVE AIR MOBILITY secured $50m loan from Citibank, increasing its 2Q24 pro-forma liquidity to ~$480m to support R&D.

Aerospace

Steve Costley

THYSSENKRUPP AEROSPACE secured 2-year contract extension with SKF to supply steel, stainless steel, titanium, aluminum and copper at Lons le Saunier, France. It delivered 187 tons to SKF in 2023 (180 tons so far in 2024).

Aerospace

By Thierry Dubois
A new Eurocontrol Think Paper analyzes the feasibility of long-haul flights relying on sustainable aviation fuel (SAF) and decarbonizing.
Emerging Technologies

Tekever, a provider of unmanned aerial systems (UAS), has signed an MoU with Droneway, a distributor of civil and tactical drones in Morocco and North Africa.
Defense

Turkish Aerospace Industries (TAI) has delivered the first T625 Gokbey utility helicopters to the country’s military police.
Aerospace

By Ben Goldstein
Comparatively less attention has been paid to the future operators of AAM aircraft.
Advanced Air Mobility

By Michael Bruno
There is a silver lining on the clouds that formed this year over Seattle, Wichita and elsewhere: the future looks undeniably brighter.
Aircraft & Propulsion

By Garrett Reim
The two companies’ joint R&D will focus on intermediate and high-temperature fuel cells.
Advanced Air Mobility

By Thierry Dubois
To be ready for an anticipated surge in Leap engine shop visit demand, Safran Aircraft Engines is adding capacity to its global MRO network.
MRO Europe

Aviation Week Staff

CRANE AEROSPACE & ELECTRONICS earned $55m on $239m sales in 3Q24 vs $40m on $207m in 3Q23; y-o-y backlog rose 23%.

Aerospace

Aviation Week Staff

BOEING priced/upsized planned concurrent offerings to (1) 112.5m shares of common stock (par value $5 per share) at $143 each and (2) $5b depositary shares, representing 1/20th interest per share (par value $1 per share) at $50 each; it is projecting net proceeds of $20.72b before over-allotments.

Aerospace

Aviation Week Staff

PANASONIC AVIONICS was selected by Riyadh Air to supply Astrova IFE system for its 39 787-9s on order.

Aerospace

Aviation Week Staff

ZEROAVIA and POWERCELL agreed to develop intermediate/high-temp fuel cells for large fixed-wing aircraft and rotorcraft.

Aerospace

By Graham Warwick
Shenyang Aviation Industries Group has reached out to Italy's Manta Aircraft to partner on a V/STOL design that could now be developed and manufactured in China.
Advanced Air Mobility

By Ben Goldstein
The transaction saw Joby issue 40 million shares at $5.05/share, raising about $200 million.
Advanced Air Mobility

Aviation Week Staff
Dovetail Electric Aviation and Norwegian operator Skydive Voss will collaborate to convert several Cessna Caravans to electric propulsion.
Advanced Air Mobility

By Ben Goldstein
A self-described investor in distressed companies, Mudrick Capital is the largest creditor of UK-based Vertical.
Advanced Air Mobility

ABL AVIATION arranged €170m senior secured finance facility from KfW IPEX-Bank and NatWest for SWISSPORT INTERNATIONAL for electric GSE.

Aerospace

By Victoria Moores
Over 50 companies have joined forces to get electrofuel (e-SAF) production up and running during a critical time window during the next two years.
Emerging Technologies