Ireland-based lessor AerCap, reporting $1.15 billion in net income for 2019, said its prospects are fair for 2020, although the continuing Boeing 737 MAX grounding is having an adverse effect on its figures.
With the aerospace manufacturing sector expecting Boeing to restart 737 MAX production as early as next month or April, one widely followed industry consultant said it will take up to two years to clear out the stored inventory of narrowbody aircraft and fuselages.
Satellite-based synthetic-aperture radar services provider Iceye has hired the former Google executive who led development of the Terra Bella Earth imaging constellation as its new U.S. CEO, and the move signals plans to make satellites in the U.S.
Kaman will work with United Arab Emirates military supplier Trust International on potential sales opportunities for Kaman’s unmanned K-MAX helicopter.
High aircraft values and low lease-rate factors which do not reflect the commercial and operating risks facing airlines leave the aviation finance industry in a vulnerable state in 2020, said Scope Ratings.
Bombardier will continue mulling a split-up of the Canadian train and business jet maker, with the company’s chief executive sounding like he favors staying in the latter business, according to comments made during a Feb. 13 teleconference.
Albany International, the provider of 3D-woven composite fan blades to Safran for LEAP aircraft engines, has let go workers as it tries to adjust to lower demand related to the Boeing 737 MAX production halt, the company’s new executive team told analysts.
Airbus needs another 18 months or so to catch up with A320neo family deliveries and aims to produce 65-67 per month from 2023, up from 63 in 2021, company CEO Guillaume Faury said.
After a personal tragedy, Dr Ola Brown set herself the ambitious task of changing the west African healthcare sector by setting up Flying Doctors Nigeria. Marcella Nethersole reports.