EMBRAER had US$1674m net profit on US$5.3b revenues in 2023 vs US$185m loss on US$4.5b in 2022. It ended year with US$18.7b backlog and plans to deliver 72-80 commercial jets/125-135 executive jets in 2024 vs 64/115 in 2023.
Air Arabia shareholders approved the distribution of 20 percent cash dividend for the financial year ending December 31, 2023 at the company’s Annual General Meeting (AGM).
TAMARACK AEROSPACE presented its Eco-SMARTWING solution for the A320 to provide 8-12% improvement in fuel efficiency, after installing technology on nearly 200 Cessna CitationJets. It is seeking joint venture partners for program.
ROLLS-ROYCE is investing £55m to expand assembly, test and shop visit capacity at Derby and Dahlewitz to address projected 7-9% annual growth in its engine base; investments include expansion of engine build capacity at Derby by >40% from 2025 and transitioning engine test capability at Dahlewitz to handle new Trent XWB-84 engines in 2026.
Joby is a vertically integrated OEM developing most of its own components and systems in-house, while Archer is relying on Tier One legacy aerospace suppliers.
The filing with the ITU, a U.N. agency that manages global use of radio-frequency spectrum and sat orbits, is a prerequisite to building the constellation.
