BOEING held a 'Quality Stand Down' at Renton on Jan 25, suspending 737 production for day to enable workers to take part in working sessions focused on quality. It plans additional Quality Stand Downs at other factories over next two weeks.
NAC MATERIALS was formed by Nordic Aviation Capital for sourcing, leasing and trading ATR airframe and engine components. It will also manage NAC’s remaining CF34 engine inventory as it phases out current E190/195 leased fleet.
AIRBUS opened 717,000 sq meter Lifecycle Services Centre in Chengdu for aircraft parking/storage (capacity for 125 aircraft), maintenance, upgrades/conversions and dismantling, as well as the controlled distribution of used parts.
UK startup ARC Aerosystems has secured the first sale of its Pegasus two-seat autogyro, the jumping off point for its planned Linx family VTOL aircraft.
PRATT & WHITNEY earned $382m on $6.4b sales in 4Q23 vs $306m on $5.7b in 4Q22; and lost $1.5b (includes $2.9b in charges taken in 3Q23 related to GTF power metal issue) on $18b in 2023 vs $1.1b profit on $20.5b in 2022. It delivered 3,144 engines (875 large commercial/2,063 P&WC) in 2023 vs 2,896 (712/1,965) in '22; orders were not disclosed.
SKYBORNE AIRLINE ACADEMY signed LOI to order 30 eFlyer trainers, increasing commitment to 40, from BYE AEROSPACE, which now has commitments for 889 eFlyers valued at $570m and total aviation line orderbook of >$1.4b.
ELECTRA.AERO, VA has now secured pre-order sales of >2,000 eSTOL aircraft (with market value exceeding $8b) after receiving LOIs from JETSETGO AVIATION SERVICES, India, LYGG, Finland and CHARM AVIATION, NYC.
LIEBHERR-AEROSPACE TOULOUSE and ISAE-SUPAERO teamed to establish in industrial chair, co-financed by the French National Research Agency, to develop methods and tools for design of aerodynamic turbomachine wheels.
GE AEROSPACE earned $1.6b on $8.5b revenues in 4Q23 vs $1.4b on $7.6b in 4Q22; and $6.1b on $32b in 2023 vs $4.8b on $26b in 2022. It delivered 2,075 commercial (1,570 LEAPs)/556 military engines in 2023 vs 1,663 (1,136)/632 in 2022 and booked orders for 3,827 commercial (2,508 LEAPs)/731 military engines vs 2,127 (1,515)/532 a year ago.
Startup Albedo has raised a $35 million Series A-1 funding round and plans to use the cash infusion to launch its first operational imagery satellite, Sat-1.
