Aerospace

The Emirates Group today announced its best-ever six-month financial result. The Group is reporting a 2023-24 half-year net profit of AED 10.1 billion (US$ 2.7 billion), surpassing its record half-year profit of AED 4.2 billion (US$ 1.2 billion) last year by 138%.

Bahrain International Airshow (BIAS) 2024 is set to accelerate business connections, collaboration and knowledge sharing in the Gulf.

As E-2Cs retire, the service begins phased upgrades to the E-2D fleet, ending with the biggest modernization since it began fielding Advanced Hawkeyes in 2007.

After four years of assembly and decades of study and planning, Sierra Space’s Dream Chaser spaceplane is ready for prelaunch environmental testing.

Some 30 Sikorsky S-92s serving the oil and gas industry are grounded worldwide while they await replacement of main gearboxes.

Embraer spinoff Eve Air Mobility said it is on track to complete its first full-scale prototype by year’s end.

Frank Calvelli, the assistant secretary of the Air Force for Space Acquisition and Integration, spoke at Aviation Week’s A&D Programs conference on Nov. 7.

In October, LaunchPoint Electric Propulsion Solutions (EPS) was granted a U.S. patent on a hybrid power system for electric aircraft,

AMSL conducted the first flight of a full-scale battery-electric prototype of the Vertiia in February.

SPIRIT AEROSYSTEMS announced proposed private offering of $200m in exchangeable senior notes due in 2028.

Michael Canario to Chief Executive Officer of Qarbon Aerospace (Arlington Capital Partners portfolio company), Dallas.

GE AEROSPACE secured FACE 3.0 technical standard for its flight management software (first to do so), which facilitates rapid technology insertion and enables reuse and portability to new platforms.

THINKOM has contract from undisclosed customer to supply 500 shipsets of its ThinAir Ka1717 regional jet antennas.

UNIFOR announced workers at IMP AEROSPACE, Canada will begin strike action on Friday, November 10.

SHERWIN-WILLIAMS AEROSPACE COATINGS launched next-gen chrome-free epoxy primer with simple 2:1:1 mix ratio that is ready to spray.

MAGELLAN AEROSPACE had C$3.7m net income on C$213m revenues in 3Q23 vs C$0.6m on C$191m in 3Q22.

FACC earned €5m in Jan-Sept 2023 vs €4.2m a year ago; revenues rose 22.5% to €513.9m. It says it is starting to see significant rate ramp-ups for long-haul aircraft (A350/787), so it is planning to increase workforce in the coming months.

Suborbital space tourism provider Virgin Galactic is laying off workers to fund production of the Delta variant of its spaceships, the company said late Nov. 7.

Aerospace and defence company RTX will showcase its range of commercial and defence-related capabilities at the Dubai Airshow next week.

Saudia Cargo has won Best E-Commerce Carrier of the Year – Middle East at the 10th Payload Asia Awards.