An airline operator pre-working group will guide plans for the commercial blended wing body as subscale flight tests pave way for a multirole demonstrator.
ST ENGINEERING had S$586.5m net profit on S$10.1b revenues in 2023 vs S$535m on S$9b in 2022, and ended year with record backlog of S$27.4b (S$7.9b to be delivered in 2024); y-o-y Commercial Aerospace revenues increased 31%.
MTU AERO ENGINES had €97m net loss (GTF fleet management plan had €1b impact) on €5.4b revenues in 2023 vs €333m profit on €5.3b in 2022; commercial maintenance revenues rose 17%. It has €24.4b backlog vs €22.3b a year ago.
MTU Aero Engines continues to seek financial compensation from its partner Pratt & Whitney after GTF-related costs led to the German company's first ever loss.
His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, yesterday attended the 11thArab Aviation Summit (AAS).
SAFRAN TURBINE AIRFOILS is being established at Rennes, Brittany to manufacture M88/LEAP turbine blades out of a new 10,000 sq meter facility starting in 2027; it will work closely with Safran's foundry in Gennevilliers, near Paris.
FAA told Boeing that it must develop a comprehensive action plan (due within 90 days) to address its systemic quality-control issues to meet non-negotiable safety standards; making a foundational change will require sustained effort from leadership, which will be held accountable every step of the way, with mutually understood milestones and expectations.
SOUTHWEST AIRLINES established Southwest Airlines Renewable Ventures (SARV) to create more opportunities for obtaining scalable sustainable aviation fuel (SAF). It also announced a $30m investment in LANZAJET (SAF producer).
TRU SIMULATION + TRAINING unveiled Veris VR flight simulator for helicopter and fixed-wing aircraft that combines FFS features with virtual reality technology; it secured Bell Training Academy as launch customer for Bell 505.
