Airbus reports Half-Year (H1) 2021 results

Source: Airbus 297 commercial aircraft delivered in H1 2021 H1 financials reflect deliveries as well as continued efforts on cost containment and competitiveness Revenues € 24.6 billion; EBIT Adjusted € 2.7 billion EBIT (reported) € 2.7 billion; EPS (reported) 2.84 Free cash flow before M&A and customer financing € 2.1 billion Focus on securing A320 Family ramp-up and transforming the industrial value chain Board of Directors approval for A350 freighter derivative 2021 guidance updated Airbus SE reported consolidated financial results for the Half-Year (H1) ended 30 June 2021. “These half-year results reflect the commercial aircraft deliveries, our focus on cost containment and competitiveness, and the good performance in Helicopters and Defence and Space. Although the COVID-19 pandemic continues, the numerous [...]

2021-07-30T04:06:27+03:00July 30th, 2021|MANUFACTURERS, News|

Boeing Reports Second-Quarter Results

Source: Boeing Continued progress on global safe return to service of 737 MAX Revenue of $17.0 billion, GAAP earnings per share of $1.00 and core (non-GAAP)* earnings per share of $0.40 Operating cash flow of ($0.5) billion; cash and marketable securities of $21.3 billion Commercial Airplanes backlog grew to $285 billion and added 180 net orders   Table 1. Summary Financial Results Second Quarter First Half (Dollars in Millions, except per share data) 2021 2020 Change 2021 2020 Change Revenues $16,998 $11,807 44% $32,215 $28,715 12% GAAP Earnings/(Loss) From Operations $1,023 ($2,964) NM $940 ($4,317) NM Operating Margin 6.0% (25.1)% NM 2.9% (15.0)% NM Net Earnings/(Loss) $567 ($2,395) NM $6 ($3,036) NM Earnings/(Loss) Per Share $1.00 ($4.20) NM $0.09 ($5.31) NM Operating Cash Flow ($483) ($5,280) NM ($3,870) [...]

2021-07-28T15:24:10+03:00July 28th, 2021|MANUFACTURERS, News|

Boeing Releases First Sustainability Report, Charting Path to Sustainable Aerospace

Source: Boeing Boeing today released its first Sustainability Report. In the report, the company shares its vision for the future of sustainable aerospace, establishes broad sustainability goals and highlights environmental, social and governance (ESG) progress in alignment with global sustainability standards. "In September 2020, amidst a global pandemic, Boeing formed a Sustainability organization dedicated to advancing our ESG efforts across the enterprise. As we continue on this journey, we are pleased to publish our first comprehensive report, focused on stakeholder responsiveness and data transparency," said Boeing Chief Sustainability Officer Chris Raymond. "We know there's still work to do and are committed to communicating our progress and holding ourselves accountable to ensure the aerospace industry is safe and sustainable for generations to come." [...]

2021-07-28T00:28:40+03:00July 28th, 2021|MANUFACTURERS, News|

United Aviate Academy Will Train New Pilots Using Boeing’s Comprehensive Suite of Training Solutions

Source: Boeing - Boeing's pilot training solutions include initial cadet assessment materials, Jeppesen Academy digital courseware, Jeppesen electronic charts, ForeFlight mobile solutions and pilot supplies - Boeing presents cadet with scholarship to attend United Aviate Academy United Aviate Academy has selected Boeing (NYSE:BA) to provide a comprehensive suite of training tools, materials and digital solutions to develop and provide early career training to United Airlines' next generation of pilots. The companies commemorated the five-year training agreement with a ceremonial signing event at EAA AirVenture. The comprehensive training package of courseware and multimedia materials spans Boeing's portfolio of service offerings, including its Jeppesen and ForeFlight solutions, and provides United Aviate Academy with the tools to help cadets master key concepts and [...]

2021-07-28T00:07:46+03:00July 28th, 2021|MANUFACTURERS, News|

Chile’s SKY takes delivery of its first A321neo

Source: Airbus SKY, a Chilean-based low-cost carrier, has taken delivery of its first A321neo leased from Air Lease Corporation (NYSE: AL), becoming the first airline in Chile to operate the A321neo. SKY’s A321neo aircraft are powered by CFM Leap-1A engines and can seat up to 238 passengers in a two-class layout. SKY is the first airline in South America to operate the A321neo with a high density cabin configuration. The A321neo has a 95 percent airframe commonality with Airbus’ A320 Family, fitting seamlessly into SKY’s existing fleet of 19 A320neo. This aircraft incorporates new generation engines and Sharklets, which together deliver more than 20 percent fuel and CO2 savings, as well as a 50 percent noise reduction. Additionally, The A321neo [...]

2021-07-27T16:58:58+03:00July 27th, 2021|MANUFACTURERS, News|

Embraer Delivers 14 Commercial and 20 Executive Jets in 2Q21

Source: Embraer Embraer (NYSE: ERJ; B3: EMBR3) delivered a total of 34 jets in the second quarter of 2021, of which 14 were commercial aircraft and 20 were executive jets (12 light and eight large). As of June 30, the firm order backlog totaled USD 15.9 billion, a 12% increase compared to the backlog at the end of the first quarter, and which represented a return to pre-pandemic levels. The current backlog includes the 30 E195-E2 aircraft firm order from Canada’s Porter Airlines, which was initially reported as an “undisclosed” order on April 29. The client was revealed to the market on July 12. During 2Q21, Helvetic Airways, from Switzerland, received the first of four new E195-E2 aircraft. Helvetic ordered [...]

2021-07-21T19:43:15+03:00July 21st, 2021|MANUFACTURERS, News|

Airbus launches cloud-based pilot training service

Source: Airbus Airbus has launched the Mobile Airbus Training experience (MATe) Suite, a subscription-based service platform with a 3D interactive virtual cockpit environment for pilot recurrent and initial Type Training. Airbus developed MATe with portability and compatibility in mind. Building on the success of the Airbus Cockpit Experience (ACE) Trainer, a virtual and interactive cockpit simulator used in Airbus training centres for Flight Crew Licensing courses, the MATe solution is enabled for any type of I.T device. Pilots can therefore use the service to train whenever and wherever they want, with trainers able to monitor and follow their progress via the latest cloud technology. Currently available for the A320 Family, MATe champions Airbus’ flight “competency-based” philosophy and Flight Training Reference [...]

2021-07-20T17:41:45+03:00July 20th, 2021|MANUFACTURERS, News|

Solar Impulse’s legacy taken one step further

Source: H55 When they achieved the first solar electric flight around the world in Solar Impulse 2, Bertrand Piccard and André Borschberg had to take turns in the single-seater cockpit for weight considerations. To celebrate the 5th anniversary of their historic round-the-world voyage, Solar Impulse’s co-founders and pilots have today - for the first time - shared the cockpit of an electric airplane built for commercial applications. The pilots took off from Sion, Switzerland, aboard the Bristell Energic, a zero-emission airplane whose propulsion and battery management systems have been developed by H55. H55 is the technological spin-off of the Solar Impulse project, established by André Borschberg and two colleagues following the round-the-world voyage. It will be commercially available in late [...]

2021-07-19T17:08:06+03:00July 19th, 2021|MANUFACTURERS, News|

Pratt & Whitney Canada advances sustainable hybrid-electric propulsion technology, contributing to Canada’s green recovery plan

Source: Pratt & Whitney Canada "Pratt & Whitney Canada is proud to be a leader toward ever more sustainable aircraft propulsion technologies and be an integral part of Canada's green recovery plan," said Maria Della Posta, president, Pratt & Whitney Canada. "With a long-time commitment to sustainability and as Canada's top aerospace investor in research & development, having invested $500M CAD annually, we are driving economic growth, innovation and workforce expertise to benefit the environment. Hybrid-electric technology has an important role to play in enabling the next step-change in efficiency for aircraft engines, and we are uniquely positioned to demonstrate this potential." The new hybrid-electric propulsion technology will drive significant improvements in aircraft efficiency by optimizing performance across the different phases of flight, allowing the demonstrator to [...]

2021-07-17T16:17:43+03:00July 17th, 2021|MANUFACTURERS, News|

Airbus joins Canada’s SAF+ Consortium to accelerate the development of a new Sustainable Aviation Fuel technology

Source: Airbus Airbus and the Montreal, Canada-based SAF+ Consortium have signed a Memorandum of Understanding (MoU) to collaborate with major Canadian aviation industry players on sustainable aviation fuel (SAF) development and production in North America. Airbus will be investing through “in-kind” contributions, which consist of technical and certification expertise, economic analysis, communications and advocacy. Today’s announcement marks the launch of a new Canadian ecosystem dedicated to stimulating the production of SAF and connecting Airbus with prominent Canadian actors spanning the entire aviation value chain to develop a concrete solution that will make low-carbon flying a reality. The aviation sector is a global industry and while momentum for SAF is growing, particularly in Europe, investment in SAF’s worldwide development is of equal [...]

2021-07-16T15:34:00+03:00July 16th, 2021|MANUFACTURERS, News|