WILLIS LEASE FINANCE had $40.4m net income on $418.6m revenues in 2023 vs $2.1m on $312m in 2022. It has 337 engines (vs 339 a year ago), 12 aircraft (vs 13), a marine vessel and leased parts and equipment worth $2.22b.
Space One's Kairos rocket exploded seconds after liftoff on the morning of March 13, with the company saying “flight termination measures” had kicked in.
The Arabian Travel Market (ATM) will host prominent international airlines and aircraft manufacturers to discuss the latest industry innovations and solutions.
INNOVATE CALGARY announced availability of C$3.9m over next four years (from Opportunity Calgary Investment Fund) for aerospace innovators under the Aerospace Innovation Hub; partners include WestJet and Calgary Airport.
BOEING delivered 27 aircraft (737NG; 17 737 MAXs; 767-2C; 767-300F; seven 787s) in February vs 28 (737NG; 24 737 MAXs; 747-8F; 777F; 787) in Feb 2023; it also announced unidentified orders for 10 737 MAXs and one 777F.
US DOT released budget request for FY25 that includes $21.8b in FAA funding plus proposed 22-cent-per-gallon business aviation fuel tax increase to $1.06 within five years; operations funding for FAA is up 14.1% to $1.7b.
AVIATION CLIMATE TASKFORCE (ACT) and US DOE's NATIONAL RENEWABLE ENERGY LAB (NREL) formed alliance to bolster collaboration and impact of both institutions in driving sustainable aviation.
GE AEROSPACE plans to inject more than $650m into its manufacturing facilities and supply chain ($550m in US) during 2024 to improve production and strengthen quality to better support its commercial and defense customers.
Officially forming on March 12, Leonardo's space business becomes one of five business areas representing each of the warfighting domains: land, air, sea, cyber and space.
Archer Aviation has announced plans to partner with Abu Dhabi-based helicopter operator Falcon Aviation on building out a vertiport network in the UAE.
