All aerospace news – Page 6
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NewsItalian coastguard bolsters fleet with new ATR 42MP
Leonardo has secured an order from the Italian coastguard for a single maritime patrol-configured ATR 42-600. The Guardia Costiera already operates three maritime patrol aircraft based on older ATR 42-400 and -500 variants. Source: Leonardo Guardia Costiera’s fleet includes ATR 42-500 To be equipped with Leonardo’s ATOS ...
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NewsFalklands sign tentative deal for four more Islanders
The Falkland Islands government has signed a letter of intent (LoI) with Britten-Norman covering the acquisition of four BN-2 Islander utility aircraft.
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NewsVertical Aerospace funding talks enter critical stage
Air taxi developer Vertical Aerospace faces a weekend of crucial talks between founder Stephen Fitzpatrick and Mudrick Capital, the company’s largest creditor, aimed at staving off a looming cash crisis. New York-headquartered Mudrick has pledged to inject $75 million in to Vertical – $25 million of its own cash and ...
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NewsAir NZ, P&W to expand PW1100G MRO capacity at Christchurch
Air New Zealand and Pratt & Whitney have broken ground on an extension to their joint Christchurch Engine Centre, with an aim to boost MRO capacity for PW1100G engines.
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NewsBombardier swings to $117m Q3 profit and plans year-end delivery push
Strong performance from Bombardier’s aftermarket services business pushed the Montreal business jet manufacturer to a $117 million profit for the third quarter of 2024, reversing a $37 million loss during the same period last year.
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NewsAW609 stays on certification path amid ‘tangible progress’ with FAA
Leonardo Helicopters believes its AW609 civil tiltrotor remains on track to secure US certification next year following a series of recent interactions with Federal Aviation Administration (FAA).
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NewsBell 525 edges towards certification finish line but ‘final tests’ remain
Bell’s goal to clinch US certification for its developmental 525 Relentless in 2024 is increasingly in the balance as the year draws to a close, with several flight-test points still to be addressed.
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NewsBritten-Norman has new owner alongside fresh investment
UK aircraft manufacturer Britten-Norman has gained new owners alongside fresh investment in the business, analysis of company records reveals.
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NewsMitsubishi Heavy ‘monitoring’ impact from Boeing strikes
Mitsubishi Heavy Industries (MHI) is “monitoring” the impact from the now-concluded strike by Boeing machinists, as it maintains its earnings outlook for its aircraft, defence and space business unit.
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NewsNASA begins X-59 engine runs and now aims for 2025 first flight
The NASA team developing the X-59 supersonic demonstrator jet have fired up the aircraft’s GE Aviation F414-GE-100 powerplant for the first time, having started engine-run tests on 30 October.
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NewsSpirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing’s sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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NewsUnited Aircraft appoints new chief as Slyusar moves to regional governorship
Russian aerospace firm United Aircraft is undergoing a leadership change with chief executive Yuri Slyusar set to be succeeded by United Engine head Vadim Badekha. The management rejig follows the appointment of Slyusar, who has led the company for nine years, as governor of Russia’s Rostov region. Badekha will take ...
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NewsSIA Engineering buoyant about MRO demand, but supply chain crunch lingers
SIA Engineering (SIAEC) remains optimistic about “healthy” air travel demand in the near-term, as it sees opportunities in ongoing aircraft delivery delays.
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NewsLilium appoints KPMG to handle sale process
Lilium has appointed accountancy firm KPMG to sell the business, as the cash-strapped air taxi developer seeks new investment.
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NewsLufthansa Technik digital IFE venture AerQ to cease operations
Lufthansa Technik’s in-flight entertainment venture AerQ is to close down, five years after its creation, citing difficulties in entering the market. The decision affects around 180 personnel at the Hamburg-based firm. AerQ was established in 2019 as a venture between Lufthansa Technik and LG Electronics. It developed a digital platform ...
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NewsBeta lands deposit-backed order for up to 20 aircraft from Metro Aviation
Beta Technologies has landed a deposit-backed order for up to 20 of its electric vertical take-off and landing (eVTOL) Alia A250 aircraft from medical operator Metro Aviation.
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AnalysisTariffs, mergers, missiles and SAF: what Harris and Trump policies would mean for airlines and aerospace
The US presidential election on 5 November could determine much about the next four years for US airlines and aerospace manufacturers, leaving firms possibly facing major new policy shifts – or continuation of the status quo.
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NewsReaction Engines to close as cutting-edge SABRE fails to advance
UK advanced propulsion developer Reaction Engines is to close down after it collapsed into administration having failed to secure additional funding.
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NewsAirbus expects to sign Spirit work-package acquisition contract before year-end
Airbus aims to sign a contract by the end of this year for the acquisition of work packages currently managed by US firm Spirit AeroSystems. The airframer previously signed a detailed binding term sheet setting out its plans to take over the A350 fuselage production in North Carolina and St ...
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NewsBeta betters balance sheet with Series C funding as loan extends Eve’s cash runway
Two of the big players in the emerging advanced air mobility sector have announced fresh financial backing against the backdrop of a tight fund-raising environment and the insolvency proceedings at one of their rivals.