Aerospace

FAA has completed 6-week audit of BOEING and SPIRIT AEROSYSTEMS. It found multiple instances where companies allegedly failed to comply with manufacturing QC requirements and identified non-compliance issues in Boeing’s manufacturing process control, parts handling/storage and product control. Boeing has 90 days to outline action plan.

VORTEX CONTROL TECHNOLOGIES, Seattle was selected by Avelo Airlines to supply Finlets (mounted on aft fuselage) for installation on 16 737NGs by end of 2024 (seven to date) to reduce total fuel consumption and carbon emissions.

HARTZELL ENGINE TECH launched POWERUP Aircraft Ignition Systems with product line that includes FAA/PMA-approved aircraft magnetos, ignition harnesses, Slick, Bendix and Continental replacements parts and magneto repair kits

SAFRAN NACELLES acquired 3D METAL FORMING (3DMF), Netherlands, specializing in High Energy Hydro Forming (HEHF) of metal parts to help develop and produce parts for nacelles and engines, including nozzles and air inlet lips.

BOEING announced that it is in talks to acquire SPIRIT AEROSYSTEMS.

The FAA has granted a light-sport aircraft airworthiness exemption to Pipistrel’s two-seat, high-wing Velis Electro.

The acquisition is expected to close on April 1.

The funding from investors Breeze Invest and Konos Holdings boosts CycloTech toward its goal of raising €53 million this year.

U.S. startups Transcend Air and MagLev Aero are collaborating on the potential application of MagLev’s frictionless electric propulsor technology.

The AAM Stock Composite rose by around 1% during the week ending March 1, roughly matching the performance of the S&P 500.

Norwegian authorities have recovered the wreckage of a Sikorsky S-92 helicopter that crashed into the sea on Feb. 28, killing one and injuring five onboard.

Ampaire has acquired electric aero tow startup Magpie Aviation, part of its plan to branch out into new applications and expand its customer base.

Emirates SkyCargo has hosted discussions on topics in logistics and world trade and the challenges faced by the global supply chains during World Trade Organisation Ministerial Conference (WTO MC13).

Saudia Group will participate in the MRO Middle East 2024, taking place in Dubai on 5-6 March represented by Saudia Technic.

Flynas is to participate in ITB Berlin 2024, which takes place from 5-7 March, 2024.

AMETEK MRO will be in Dubai for the annual MRO Middle East exhibition for the first time next week.

Raytheon will showcase a wide range of technological capabilities at the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2024).

Five initiatives that small and medium-size enterprises can take to improve their cash conversion cycle.

The rotorcraft-maker’s new president, David Smith, is already making an impact on the company.

Financial analysts and industry observers respond to the news that Spirit AeroSystems is mulling some kind of sale, including to Boeing and Airbus.

The startup is working hard to secure the necessary permits and approvals for its first two vertiport sites in its planned Rome network.

Volocopter has received an extension to its Production Organization Approval from Germany’s aviation authority.

RECARO was selected by Germany's Condor to provide seats for 41 A320s/A321s on order for delivery in 2024-2028.

GE set launch date of April 2, 2024 for GE VERNOVA and GE AEROSPACE.

Sora Aviation plans to develop a 30-passenger large tiltrotor eVTOL called the S-1.