Aerospace

More than 46,000 industry professionals from over 160 countries – including 33,500 visitors – attended the 31st edition of Arabian Travel Market (ATM).

Designed with mobility in mind, the SpaceX Crew Dragon pressure suits have been upgraded for extravehicular activities.

Tarang Sharma to interim Chief Financial Officer of VSE, Alexandria, VA (effective May 27); Steve Griffin is leaving company.

VSE AVIATION, VA earned $22.3m on record $162.4m revenues in 1Q24 vs $15.7m on $113.2m in 1Q23.

DUCOMMUN had $6.8m net income on record $191m revenues in 1Q24 vs $5.2m on $181m in 1Q23, citing $8.1m higher revenues in commercial aerospace end-use markets due to higher rates on helicopter, narrowbody and widebody platforms.

SIERRA NEVADA reportedly agreed to purchase five 747-8s from Korean Air to develop a successor to USAF's E-4B aircraft (747-200).

AERSALE had $6.3m net income on $90.5m revenues in 1Q24 vs $5k on $78.3m in 1Q23; Flight equipment sales totaled $38.6m (one aircraft and four engines) vs $27.7m (two aircraft and one engine), while USM revenue rose 16%.

David Chinn FRAeS to President of the Royal Aeronautical Society, London.

His Majesty King Charles III agreed to become a Patron of The Royal Aeronautical Society, London.

Emirates has signed MoUs with Mauritius Tourism Promotion Authority (MTPA) and the Uganda Tourism Board during the Arabian Travel Market.

Saudi Arabia will showcase more than $100 billion in investment opportunities to enable its Saudi Aviation Strategy during The Future Aviation Forum.

Etihad Airways has recorded a profit after tax of U.S.$ 143 million, a significant improvement over Q1 2023, marking a solid start for the 2024 financial year.

The last company to take on Airbus and Boeing was crushed, but market conditions could be ripe for another challenger. BofA analyst Ron Epstein joins to discuss what Embraer might do.

What Bertrand Piccard’s new hydrogen-focused Climate Impulse circumnavigating enterprise could mean for Airbus’ ZEROe project.

An IMAX camera recorded astronauts repairing the attitude control system of NASA’s Solar Maximum satellite, which space shuttle Challenger captured for the repair.

ARCHER AVIATION completed build-out of its high-volume, automotive-style battery pack manufacturing line in San Jose, CA to produce 15,000 packs per year.

AERCAP ordered 150 new LEAP spare engines from Safran in deal valued at $3b; engines will be managed by SES.

NEXTGEN AEROSUPPORT, AZ was licensed by Honeywell Aerospace to manufacture, distribute, and service APU stands, including GTCP131s/331s.

FACC earned €9.9m in 1Q24 on 24.4% higher y-o-y revenues; it is projecting revenue growth of 10-15% for CY24.

THOMPSON AERO SEATING launched Project Echo for exploring color, materials and finishes (CMF), inspired by Northern Ireland, in seat design.

The Austrian aerospace company recorded significant revenue growth in the first quarter of 2024 but is staying flexible as aircraft deliveries remain uncertain.

The China Aviation Planning and Design Institute says it has won the bid to construct the second phase of the Comac C919 assembly plant in Shanghai.

Etihad Airways and JetBlue have entered a loyalty partnership.

Etihad Airways picked up a double award scoop for its Cabin Crew, on the opening day of the Arabian Travel Market in Dubai.

Emirates and MSC Cruises have renewed their partnership for another two seasons.