Aerospace

AERSALE had $6.3m net income on $90.5m revenues in 1Q24 vs $5k on $78.3m in 1Q23; Flight equipment sales totaled $38.6m (one aircraft and four engines) vs $27.7m (two aircraft and one engine), while USM revenue rose 16%.

His Majesty King Charles III agreed to become a Patron of The Royal Aeronautical Society, London.

The last company to take on Airbus and Boeing was crushed, but market conditions could be ripe for another challenger. BofA analyst Ron Epstein joins to discuss what Embraer might do.

What Bertrand Piccard’s new hydrogen-focused Climate Impulse circumnavigating enterprise could mean for Airbus’ ZEROe project.

An IMAX camera recorded astronauts repairing the attitude control system of NASA’s Solar Maximum satellite, which space shuttle Challenger captured for the repair.

NEXTGEN AEROSUPPORT, AZ was licensed by Honeywell Aerospace to manufacture, distribute, and service APU stands, including GTCP131s/331s.

AERCAP ordered 150 new LEAP spare engines from Safran in deal valued at $3b; engines will be managed by SES.

THOMPSON AERO SEATING launched Project Echo for exploring color, materials and finishes (CMF), inspired by Northern Ireland, in seat design.

FACC earned €9.9m in 1Q24 on 24.4% higher y-o-y revenues; it is projecting revenue growth of 10-15% for CY24.

ARCHER AVIATION completed build-out of its high-volume, automotive-style battery pack manufacturing line in San Jose, CA to produce 15,000 packs per year.

The Austrian aerospace company recorded significant revenue growth in the first quarter of 2024 but is staying flexible as aircraft deliveries remain uncertain.

The China Aviation Planning and Design Institute says it has won the bid to construct the second phase of the Comac C919 assembly plant in Shanghai.

Suborbital space tourism company Virgin Galactic is eyeing a 2028 entry-into-service for its next new mothership.

Former Boeing CEO and Chairman Frank Shrontz, who led the company through key developments ranging from the 747-400 and 777 to the space station, died aged 92.

U.S. startups Archer and Joby commit to beginning urban air mobility services as early as 2025.

Developers of turbo- and diesel-electric generators offer flexibility.

Certification plans firm up as turbo-compressor and humidifier changes pave the way for the next flight-test phase.

PRECISION AEROSPACE, Dallas acquired OWENS MACHINE AND TOOL, TX (multifaceted parts, tooling and prototypes).

Jim Bohlman to Chief Operating Officer of Avix Aero, Dallas; Sai Kalegowda was named Chief Information Officer.

Despite a slowdown in its commercial aftermarket sales, TransDigm managed to exceed Wall Street’s expectations for its fiscal 2024 second-quarter earnings.

Bell has unveiled a fly-by-wire control system-equipped 429 twin-engine light helicopter as the company’s new flying testbed.

NIAR (Wichita State University) is adding eVTOL test facility in Wichita for late 2024 that will include out-of-ground and in-ground effect test rigs.

AIRBUS finalized acquisition of US-based AEROVEL and its UAS, FLEXROTOR, to strengthen its portfolio of tactical unmanned solutions.

BELL unveiled Bell 429 aircraft lab for future autonomous fly-by-wire ops.

TRANSDIGM had $404m net income on $1.9b sales in second quarter ended March 31 vs $304m on $1.6b a year ago.