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.
HOWMET AEROSPACE had $765m net income on 6.6b sales in 2023 vs $469m on $5.7b in 2022; commercial aerospace sales rose 24%. It expects $7.1b sales in 2024 based on production of 34 737 MAXs and 56 A320 Family per month.
KLM Royal Dutch Airlines and The Best of The Netherlands got together over a sales workshop in Riyadh and Dubai last week to showcase the Netherlands to trade partners.
Failing again to field the OH-58 Kiowa’s replacement, the U.S. Army will rely on uncrewed aircraft and space-based assets for the armed reconnaissance mission.
ACUMEN AVIATION appraised >1,484 assets and inspected 230 aircraft in 2023; it completed 10 returns/transitions. It ended year with >24 assets under lease management/1,298 under data management, and valued 62 assets for ABS.
STATASYS acquired SIAEC's 60% stake in ADDITIVE FLIGHT SOLUTIONS in deal valued at US$90k and now owns 100%. AFS manufactures cabin interior parts/toolings for MRO sector using additive manufacturing (3D printing) technology.
JOBY AVIATION has FAA approval for its eVTOL propulsion certification plan and says all structural, mechanical, and electrical system cert plans are now approved. It separately signed agreement to launch air taxi services in Dubai by '26.
XTI AIRCRAFT, Denver received new utility patent in China for its TriFan 600 VTOL aircraft. It is continuing to advance planned merger with INPIXON for 1Q24.
SCHROTH SAFETY PRODUCTS (Loar Group) was selected by Airbus to supply IPSB modules for aircraft operated in US; unit is designed to protect flight deck from intrusion while cockpit door is open and will become mandatory from mid-2025.
