UK startup ARC Aerosystems has secured the first sale of its Pegasus two-seat autogyro, the jumping off point for its planned Linx family VTOL aircraft.
PRATT & WHITNEY earned $382m on $6.4b sales in 4Q23 vs $306m on $5.7b in 4Q22; and lost $1.5b (includes $2.9b in charges taken in 3Q23 related to GTF power metal issue) on $18b in 2023 vs $1.1b profit on $20.5b in 2022. It delivered 3,144 engines (875 large commercial/2,063 P&WC) in 2023 vs 2,896 (712/1,965) in '22; orders were not disclosed.
SKYBORNE AIRLINE ACADEMY signed LOI to order 30 eFlyer trainers, increasing commitment to 40, from BYE AEROSPACE, which now has commitments for 889 eFlyers valued at $570m and total aviation line orderbook of >$1.4b.
ELECTRA.AERO, VA has now secured pre-order sales of >2,000 eSTOL aircraft (with market value exceeding $8b) after receiving LOIs from JETSETGO AVIATION SERVICES, India, LYGG, Finland and CHARM AVIATION, NYC.
LIEBHERR-AEROSPACE TOULOUSE and ISAE-SUPAERO teamed to establish in industrial chair, co-financed by the French National Research Agency, to develop methods and tools for design of aerodynamic turbomachine wheels.
GE AEROSPACE earned $1.6b on $8.5b revenues in 4Q23 vs $1.4b on $7.6b in 4Q22; and $6.1b on $32b in 2023 vs $4.8b on $26b in 2022. It delivered 2,075 commercial (1,570 LEAPs)/556 military engines in 2023 vs 1,663 (1,136)/632 in 2022 and booked orders for 3,827 commercial (2,508 LEAPs)/731 military engines vs 2,127 (1,515)/532 a year ago.
Startup Albedo has raised a $35 million Series A-1 funding round and plans to use the cash infusion to launch its first operational imagery satellite, Sat-1.
Ryanair and Italian sustainable fuels provider Enilive have signed a LOI for the long-term supply of SAF at several airports across Italy served by the airline.
