Aerospace

WILLIS LEASE FINANCE had $3.5m net income on $81.6m revenues in 1Q20 vs $20.1m on $103.8m in 1Q19; it currently has 260 engines (vs 244 a year ago)

HOWMET AEROSPACE (formerly Arconic) had $215m net income on $3.2b sales in 1Q20 vs $187m on $3.5b in 1Q19.

AIRBUS and KONIKU, CA are co-developing disruptive biotechnology solution to detect, track and locate chemicals, explosives and (now) biological

French authorities should create a fund to support small aerospace suppliers, in a critical effort to preserve the country’s capabilities, says Eric Trappier, chairman of French aerospace lobbying group GIFAS.

L3Harris Technologies’ turn toward simulation and training serving commercial air travel is coming back to haunt it as the company now forecasts lower organic revenue and earnings per shares (EPS) for 2020 due to a COVID-19 falloff.

Startup Sabrewing Aircraft is to re-engine its Rhaegal-A turbo-electric vertical-takeoff-and-landing unmanned cargo aircraft with Safran Helicopter Engines’ Ardiden 3 turboshaft before the technology demonstrator’s first flight, planned later this year.

HÉROUX-DEVTEK plans to cut 10% (or 225 employees) of its workforce due to COVID-19 crisis; as result, it is closing its machining shop in Montreal

The global pandemic has the aviation sector among others in a continuous reacting mode. Amid all this uncertainty and challenges, how do we strengthen organisational resilience while mapping our road to recovery?

Robotics, Bluetooth tracking and blockchain are among technologies smoothing operations throughout the supply chain.

GE AVIATION plans to reduce workforce by up to 25% by end 2020 as part of comprehensive strategy to develop $1b of cost actions and $2b of cash

Before the coronavirus pandemic hit, the engine overhaul segment was as strong as any vertical market in commercial aviation.

VIRGIN GALACTIC completed first flight of SpaceShipTwo Unity from Spaceport America in New Mexico.

HONEYWELL AEROSPACE earned $937m on $3.4b sales in 1Q20 vs $838m on $3.3b in 1Q19; it expects 2Q20 sales to fall >25% due to weak commercial aviation

BAE SYSTEMS completed acquisition of Raytheon Technologies' Airborne Tactical Radios business.

DE HAVILLAND AIRCRAFT OF CANADA began phased return to work, initially resuming Dash 8-400 pre-flight activities and delivery, following suspension of

BOEING completed first flight of second 777X test aircraft; two more aircraft are expected to join fleet for certification in 2021.

SPIRIT AEROSYSTEMS announced plan to reduce employment at sites supporting commercial aircraft programs (Airbus and Boeing both announced lower

Ask the Editors: The Pentagon’s hypersonic prototypes rely on a large number of small, boutique companies with highly specialized skills.

South Africa's Comair is in "a very difficult financial position" due to coronavirus-related travel restrictions and does not anticipate being able to resume flights until October or November, the carrier has said.

Gyrocopters – also known as autogyros – have become a notable fixture of the African aviation panorama.

LYON, France—Arianespace is planning on resuming operations with a Vega launch in mid-June as activity at Europe’s space center in Kourou, French Guiana, gradually restarts after being suspended due to the COVID-19 pandemic.

Agility Prime kicks off; glimpse inside Joby; high-altitude hopes; expanding additive manufacturing; democratizing fly-by-wire.

Etihad Airways has announced a 32% improvement in core operating performance for 2019, on revenues of US$ 5.6 billion (2018: US$ 5.9 billion).

The International Air Transport Association (IATA) has eleased data for global air freight markets showing that demand, measured in cargo tonne kilometers decreased by 3.3% in January 2020, compared to the same period in 2019.

The international airports in the Middle East are some of the busiest in the world. They are also equipped with the most sophisticated navigation aids that have to remain operational 24/7 – but they also need to be totally accurate. David Oliver finds out more.