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.
EMBRAER named its 10 Suppliers of the Year: DSV, Brazil; NOVELIS, Germany; FASTWORK, Brazil; FACC, Austria; DIEHL AVIATION, Germany; GARMIN; IAE; LIEBHERR, Germany; FOKKER, The Netherlands; and GE AEROSPACE.
