Former Boeing CEO and Chairman Frank Shrontz, who led the company through key developments ranging from the 747-400 and 777 to the space station, died aged 92.
Despite a slowdown in its commercial aftermarket sales, TransDigm managed to exceed Wall Street’s expectations for its fiscal 2024 second-quarter earnings.
EMBRAER had $32.4m net income on $897m revenues in 1Q24 vs $72.7m loss on $717m in 1Q23; it has $21.1b backlog vs $17.4 a year ago. It also confirmed plan to deliver 72-80 E-Jets and 125-135 business jets in 2024.
AIRBUS delivered 61 aircraft (three A220s; 51 A320neo Family; A330neo; six A350s) in April vs 54 (six A220s; 42 A320neo Family; two A330neos; four A350s) in April 2023. It also posted orders from BRITISH AIRWAYS for three A320neos and two A321neos, JAPAN AIRLINES for one A350-900, and an undisclosed customer for 51 A321neos.
SPIRIT AEROSYSTEMS lost $617m in 1Q24 on 19% higher y-o-y revenues. It delivered 70 Boeing shipsets (44 737s) vs 116 (95) a year ago and 191 Airbus shipsets vs 176. Its current 737 production rate is approximately 31 aircraft/month.
Qatar Airways is displaying a holographic display of Sama, the airline’s second-generation AI-powered digital human cabin crew, during the Arabian Travel market (ATM).
Distributed-propulsion testbed flies; Airbus hydrogen APU demo; uncrewed delivery corridor; another Chinese eVTOL; and Wright’s megawatt-scale electric engine.