AIA and PWC report aerospace industry directly/indirectly contributed $545.2b, including $306.9b of aerospace products, to US economy in 2023, supporting 1.6m jobs (545,400 direct) and $157.2b in labor income ($79.5b direct).
Creating an infrastructure to support global aviation development of hydrogen programs and ongoing wide-scale adoption remains a significant challenge.
Airbus CEO Guillaume Faury has reaffirmed Airbus’ commitment to launching a new narrowbody around the turn of the decade in an interview with Aviation Week.
SAFRAN BLADES inaugurated €108m, 10,000 sq meter digitized compressor blade manufacturing facility in Liège, Belgium, which is designed to produce 700,000 titanium blades per year (mostly for LEAP and GEnx engines) by 2026.
STANDARDAERO was selected by Green Taxi Solutions as partner to lead certification of its Zero Engine Taxi electric aircraft taxiing solution that uses power from APU vs main engines to reduce fuel burn/emissions/brake wear.
VORTEX CONTROL TECHNOLOGIES, Seattle was selected by SunExpress to supply VCT Finlets (mounted on aft fuselage) for its remaining fleet of 737-800s, following phase one for five, to reduce total fuel consumption/carbon emissions.
TAT TECHNOLOGIES closed public offering of 1.6b shares and a secondary offering (by FIMI Opportunity V and FIMI Israel Opportunity Five) of 2.5b shares, plus options, totaling $124m. Proceeds are to be used for general corporate purposes.
AERFIN sold a serviceable CFM56-7B to an undisclosed customer after completing a general visual inspection in accordance with SP110, a thrust rating change via ID plug modification, and replacement of key LRUs.
Despite concerns over the supply SAF, this year's IATA AGM did not discuss delaying the organization's net zero target date, Director General Willie Walsh said
Companies specializing in electric wiring and interconnection systems have been busy keeping up with demand from airframers wanting to ramp up production.
Despite deep concerns about the availability, cost and lack of government support for Sustainable Aviation Fuels (SAF), IATA and its member airlines have not used the association’s 81st Annual General Meeting in Delhi to discuss delaying the 2050 target date to achieve net zero carbon emissions, the association’s Director General Willie Walsh told media at the closing press conference.
Ineratec has formally inaugurated Europe’s largest power-to-liquid fuels plant so far, with the capacity to produce 2,500 metric tons of e-fuels per year.
EDAG Group is supplying aluminum airframe structures to Israel’s AIR for a production version of the AIR One personal eVTOL and uncrewed cargo aircraft.