IndiGo's A350 order highlights how Boeing is slipping behind in the region that holds the greatest potential for commercial aviation in the coming decades.
At the Dubai Airshow, Archer and the Abu Dhabi Investment Office announced their plans to make the United Arab Emirates Archer’s first international launch partner. Electric air taxi operations will start in Abu Dhabi and Dubai in 2026.
By Joe Anselmo, Jens Flottau, Ben Goldstein, Sergio Cecutta
Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.
FAA forecasts US airline enplanements will grow 2.4% per year over next 20 years to 1.32 trillion in 2044 vs 922b in 2023, and projects US mainline jet fleet will increase from 4,832 in 2023 to 6,894 in 2044 and regionals will rise from 1,772 to 2,000. US air cargo traffic will grow 3% per year to 88.8b RTMs in 2044 as freighter fleet will grow to 1,899 aircraft vs 968.
DAE had $69.7m pretax profit on $343.6m revenues in 1Q24 vs $73.5m on $315.2m in 1Q23; it says 100% of its 2024 orderbook has been placed (100% of 737-8s on order for 2025 are placed). It also completed 92 maintenance checks.
Large suppliers maintain cautious optimism that production-line struggles will be short-lived and are not a precursor to lower long-term production rate targets
The company plans to issue 20.8 million shares, with an offering price to be posted on May 27, according to a financial filing with the Tokyo Stock Exchange.
Vertical Aerospace has announced the appointment of Stuart Simpson as new CEO, replacing founder Stephen Fitzpatrick, who will join the company’s board of directors.
ArcosJet considers the UAE as one of the most promising markets for advanced air mobility and expects the region to become a launching pad for eVTOLs in the near future.
The Royal Aeronautical Society has released a briefing paper that serves as a “pre-mortem approach” to eVTOL safety, attempting to anticipate challenges.
Collaborative Combat Aircraft and Survivable Airborne Operations Center selections favor private companies as major primes set sights on larger awards.