End-to-end urban air mobility demo; integrating airborne collision avoidance system into autonomy; ZeroAvia eyes wider electric market; electrifying the Beaver
Qatar Airways will participate in the Arabian Travel Market (ATM) Dubai, offering visitors the chance to meet with its AI-powered digital human cabin crew, Sama 2.0.
U.S. startup Regent has revealed two deals with the government of Abu Dhabi to explore launching electric seaglider services in the emirate in the coming years.
In 2024, CFM's original plan was a 20%-25% growth of Leap production, but that uptick has been revised downward, to 10%-15%—mostly affecting Leap 1B production.
LOAR made IPO of 11m shares on NYSE at $28 each; offering is to close on April 29 and includes 30-day option for underwriters to purchase an additional 1.65m shares. Jefferies and Morgan Stanley are acting as lead book runners.
VOLTAERO began certification testing of its electric-hybrid powertrain (Safran Electrical & Power’s ENGINeUS 100 smart electric motor integrated with Kawasaki’s 4-cylinder high-performance thermal engine) for the 5-seat Cassio 330.
AIRBUS had €595m net income on €12.8b revenues in 1Q24 vs €466m on €11.8b in 1Q23; it confirmed plan to deliver about 800 aircraft in 2024. It also announced plans to increase A350 production to 12 per month in 2028 in addition to ramping up to 14 A220s per month and 75 A320 Family aircraft per month in 2026 (still targeting four A330s/month in '24).
LATAM AIRLINES GROUP entered into Perpetual Power Agreement with FTAI Aviation that includes comprehensive engine power solution for CFM56s and V2500s via engine exchange program and a SLB transaction for >30 aircraft.
