SURF AIR, CA secured preferred delivery positions from Electra.aero for up to 90 9-pax eSTOL jets for integration into its national flight network, including SOUTHERN AIRWAYS EXPRESS and MOKULELE; deal includes leasing partnership.
BOEING SAUDI ARABIA and BAHRI LOGISTICS signed MOU to collaborate in supply chain/distribution activities in the Kingdom, exploring opportunities for freight forwarding, warehousing, inventory management and PBL consulting.
BOEING is expected to get back to producing 38 737 MAXs per month in 2H24 (max rate as currently mandated by FAA); rate has decreased to below 38 due to production pauses and rework issues following -9 door plug incident.
AIRBUS posted €1.5b net income on €22.9b revenues in 4Q23 vs €1.7b on €20.6b in 4Q22; and €3.8b net income on €65.4b in 2023 vs €4.2b on €58.8b in 2022. Its y-o-y backlog rose 23% to €554b. Its Commercial Aircraft activities earned €3.6b on €47.8b in 2023 vs €4.8b on €41.4b in 2022 and plans to deliver ~800 aircraft in 2024 vs 735 in 2023.
AIRBUS says production ramp-up continues towards rate of 14 A220s per month in 2026, 75 A320 Family aircraft per month in 2026, four A330s per month in 2024 and 10 A350s per month in 2026. It plans to deliver ~800 aircraft in '24.
CAE had C$56.5m net income on C$1.1b revenues for third quarter ended Dec 31 vs C$78.1m on C$1b a year ago. Civil Aviation earned C$101m vs C$117.2m on 20% higher sales (it delivered 13 FFSs vs nine); it has C$6.1b backlog.
SIRIUS AVIATION, Switzerland secured order commitment from India's MEHAIR for 50 Sirius Jet hydrogen-powered VTOLs, and 50 options, in deal valued at $400m. As part of deal, MEHAIR will oversee final assembly of aircraft in India.
PPG added two new aerospace adhesives: PR-2940 epoxy syntactic paste adhesive for bonding internal structures; and PR-2936 that uses properties of a shim and sealant for attaching outer skins to internal structures.
AAR announced proposed offering of $500m in senior notes due 2029 to partially fund its pending $725m acquisition of Triumph Group's Product Support business. It is also increasing its existing revolving credit facility from $620m to $795m.
BOEING delivered 27 aircraft (25 737 MAXs; 767-2C; 787) in January vs 38 (35 737 MAXs; three 787s) in Jan 2023.It also announced order from an unidentified customer for three 737 MAXs and ended month with 6,189 MAXs on backlog.
Two-thirds of Europe’s Clean Aviation research projects are focused on more sustainable advanced propulsion technologies for service entry in the mid-2030s.
PRATT & WHITNEY is establishing new India Digital Capability Center (IDCC) in Bengaluru to drive its digital and business transformation and accelerate innovation; facility will be co-located with its engineering and supply chain centers.
