ARCHER AVIATION announced its Midnight eVTOL is now in final phase of its certification program with about 80% of subsystems and components having been sourced, significantly de-risking its path to certification. It has $625m liquidity.
HEICO FLIGHT SUPPORT earned $136.1m on $619m sales in first quarter ended Jan 31 vs $83.6m on $371m a year ago; results reflect growth in commercial aerospace parts/services business and contribution from acquisition of WENCOR.
BOEING was found by a panel of safety experts in congressionally mandated report that its safety management problems stem from disconnect by senior management, inadequate and confusing implementation of culture, lack of employee and ODA leadership participation in SMS, and inadequate human factors, which have eroded due to a series of administrative decisions, including reorganization, decentralization, downsizing, and relocating headquarters out of the Seattle area.
LILIUM began installing assembly equipment for serial production of the Lilium Jet’s propulsion units in partnership with SCHNAITHMANN MASCHINENBAU; prototype units are scheduled to be completed in 2Q24 for ground/flight testing.
AVIATION SUPPLY CHAIN INTEGRITY COALITION was formed by Airbus, American Airlines, Boeing, Delta Air Lines, GE Aerospace, Safran, StandardAero and United Airlines to prevent introduction of unapproved parts into the supply chain.
SAFRAN ELECTRICAL & POWER is opening new 2,800 sq meter manufacturing/MRO facility in Singapore following buyout of Thales' aeronautical electrical systems business, which included facilities in France, Singapore and US.
