All aerospace news – Page 154
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NewsIHI develops 250kW electric aircraft motor prototype
Japan’s IHI and local collaborators have created a prototype 250kW electric motor for aircraft use.
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NewsHAL generates record revenues in latest financial year
Indian airframer Hindustan Aeronautics (HAL) generated record revenue in its 2022-23 financial year, as the company enjoyed strong order flow.
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NewsSIAEC signs S$121 million services agreement with Scoot
SIA Engineering has signed a two-year comprehensive services agreement worth close to S$121 million ($90.7 million) with low-cost operator Scoot.
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NewsRolls-Royce overhauls executive team as transformation ramps up
Rolls-Royce has announced several changes to its executive team following the launch in February of a business transformation effort by new chief executive Tufan Erginbilgic.
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NewsVirgin Orbit laying off 85% of workforce, plans to cease operations
Cash-strapped Virgin Orbit is laying off 85% of its workforce – about 675 employees – after struggling to operate in recent weeks and ultimately failing to “secure meaningful funding”.
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NewsUS aerospace leaders disagree on best path to ’net-zero’ carbon emissions
Executives at some aerospace companies clashed on 29 March about which technologies can best help wean the sector off its reliance on fossil fuels.
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NewsSMFL stake purchase to accelerate LCI growth, says lessor’s chief executive
Lessor LCI can “accelerate” its growth path on an “exponential scale” following the acquisition of a substantial stake in the business by a Japanese finance house, its chief executive claims.
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InterviewATR chief admits 2022 orders and deliveries below expectations
New head Nathalie Tarnaud Laude insists Franco-Italian manufacturer is set to return to annual output of 80-plus aircraft by the second half of the decade.
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NewsHeart taps BAE Systems for ES-30 battery work
Sweden’s Heart Aerospace is to work with BAE Systems to define the battery system required for its ES-30 hybrid-electric aircraft.
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NewsCathay, ANA, Qantas move to shore up future SAF supply
Cathay Pacific, All Nippon Airways (ANA), and the Qantas Group have announced initiatives aimed at shoring up their future supply of Sustainable Aviation Fuel (SAF).
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NewsVertical seeks Japanese certification for VX4 eVTOL
Vertical Aerospace is seeking Japanese type certification for its VX4 electric vertical take-off and landing (eVTOL) aircraft.
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NewsSumitomo Mitsui Finance to take 35% stake in helicopter lessor LCI
Japan’s Sumitomo Mitsui Finance and Leasing Co (SMFL) is to take a 35% stake in helicopter lessor LCI.
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NewsPacific Air Charters orders two Tecnam P2012s, takes 23 options
Italian aircraft manufacturer Tecnam has secured orders for two of its P2012 Traveller commuter aircraft from Hawaii’s Pacific Air Charters.
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NewsBRA lends support to ZeroAvia’s Swedish hydrogen push
Swedish carrier Braathens Regional Airlines (BRA) is to supply turboprop aircraft to ZeroAvia for conversion to hydrogen fuel cell power as part of an agreement to develop zero-emission routes in the northeast of the country.
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NewsLilium confident of securing additional funding on top of November capital raise
Lilium remains “encouraged” by the progress of fund-raising discussions with new and existing shareholders as it bids to keep development of its electric vertical take-off and landing Lilium Jet on track.
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NewsSpirit AeroSystems to work with Skyworks on VertiJet VTOL design
Spirit AeroSystems’ units in Northern Ireland and Scotland have tentatively agreed to collaborate with Skyworks Aeronautics on the design of the latter’s proposed VertiJet vertical take-off and landing (VTOL) gyroplane.
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NewsAscendance secures more funding for Atea hybrid-electric VTOL programme
Ascendance Flight Technologies has raised €21 million ($22.7 million) in its latest funding round, which the French start-up will use to accelerate development of its proposed Atea hybrid-electric vertical take-off and landing (VTOL) aircraft.
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Airline BusinessAerospace supply-chain troubles force US airlines to back off fleet growth
Aircraft delivery delays mean airlines in the USA and elsewhere have been forced to adjust their fleet plans into the medium term, even as demand recovers after the Covid downturn
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NewsBoeing tightens procedures to address bolt-torque issue at Renton 737 factory
Boeing recently found improperly torqued bolts in several areas of new-build 737 Max jets, indicating a quality problem similar to that revealed by the Federal Aviation Administration on 23 March.
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NewsEngine MRO delays prompt Air Baltic to wet-lease four more aircraft
Air Baltic will take an additional four aircraft on short-term wet-lease to offset engine maintenance delays relating to its fleet of Airbus A220-300 jets.