AAR posted $14m net income for third quarter ended Feb 29 (vs $21.8m a year ago) on record $567m sales, up 9% vs a year ago; commercial sales rose 18% from a year ago and accounted for 70% of company total vs 65% a year ago.
The CarryAll is the first version of AutoFlight’s planned Prosperity family of 2,000-kg gross weight eVTOL uncrewed cargo and piloted passenger aircraft.
The East African nation, Ethiopia, has been successfully running the largest airline in Africa-Ethiopian Airlines. The national carrier in recent years has transformed into an aviation group comprising eight profit centers with an annual income of six billion US dollars.
A consortium of UK and European companies have called on the British government to provide additional funding towards making the hydrogen fuel plan a reality.
CFO Brian West told a Bank of America investor conference that Boeing would buy back Spirit using cash and debt; Boeing ended 2023 with almost $16 billion.