Source: Boeing U.S. Department of Transportation, FAA and Boeing to collaborate with APEC economies towards developing SAF to increase access to supply for use by region's airlines Sustainably produced jet fuel, which reduces lifecycle CO2 emissions as much as 85% compared to petroleum, is essential to reducing aviation's climate impact Initiative supports ICAO goal of net-zero carbon emissions by 2050 Boeing and the United States are launching an initiative to catalyze the development and use of Sustainable Aviation Fuel (SAF) among Asia-Pacific Economic Cooperation (APEC) member countries. SAF, which significantly reduces the lifecycle carbon emission of jet fuel, is key to achieving goals set by the International Civil Aviation Organization (ICAO) and the civil aviation industry to achieve net-zero carbon [...]

Source: ATR Heads of Agreement signed at Dubai Airshow by lessor includes firm order for 10 ATR 72-600 and options for 10 more Abelo, a leading turboprop lessor, and number one regional aircraft manufacturer ATR, have signed a Heads of Agreement for a firm order of 10 ATR 72-600, along with options for an additional 10. This deal underscores Abelo’s continued commitment to embracing the latest in cutting-edge turboprop technology. Notably, in July 2022, Abelo had placed an order for 10 ATR 72-600 and confirmed a deal for 10 ATR 42-600S – Short Take-Off and Landing version. These additional aircraft will empower the lessor to meet the growing demand for efficient, cost-effective and dependable regional air travel connections worldwide, all [...]

Source: Boom Supersonic Boom Supersonic, the company building the world’s fastest airliner, announced multiple milestones across the Overture airliner, Symphony engine, and XB-1 supersonic demonstrator programs. The company also confirmed closing of an investment round, including a strategic investment from the NEOM Investment Fund (NIF). Boom’s total funding to date now exceeds $700 million. “Our goal is to bring the world closer together through faster flights,” said Blake Scholl, founder and CEO of Boom Supersonic. “We’re excited to collaborate with partners and investors around the globe as we work to realize our shared vision.” Announced on October 24, the NEOM Investment Fund is the strategic investment arm of NEOM, the sustainable regional development in northwest Saudi Arabia. As part of the agreement, [...]

Source: Airbus 488 commercial aircraft delivered in 9m 2023 Revenues € 42.6 billion; EBIT Adjusted € 3.6 billion EBIT (reported) € 2.7 billion; EPS (reported) € 2.96 Free cash flow before M&A and customer financing € 1.0 billion Charges on certain satellite development programmes Guidance maintained Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for the nine months ended 30 September 2023. “We continue to make progress on our operational plan in a global environment that has become increasingly complex. The nine-month earnings reflect higher commercial aircraft deliveries, the good performance in helicopters as well as charges linked to the reassessment of certain satellite development programmes,” said Guillaume Faury, Airbus Chief Executive Officer. “Demand for our commercial aircraft [...]

Source: Embraer HIGHLIGHTS ·      Embraer delivered 43 jets in the third quarter, of which 15 commercial aircraft and 28 executive jets (19 light and 9 mid-size). The total number of deliveries represent an increase of 30% compared to 3Q22 and an increase of 33% Year to Date (YTD) from 105 versus 79 aircraft. ·      Revenues reached US$ 1,284 million in the quarter (38% higher than 3Q22 and equal to 2Q23). YTD revenues represent an increase of 29% compared to the same period last year. All Business Units had higher revenues and volumes Year over Year (YoY) and YTD, with the main highlight being Commercial Aviation representing a strong growth of 68% YoY and 52% YTD. ·      Adjusted EBIT of 7.8% compared to 5.4% in 3Q22 due to higher volumes in all business units. ·      Firm order backlog ended 3Q23 at US$ [...]

Source: Airbus Airbus' commercial aircraft orders and deliveries for the month of October 2023 have been published on airbus.com and are accessible on the link below. October 2023 deliveries: 71 deliveries to 42 customers October 2023 gross orders: 119 2023 deliveries to date: 559 to 81 customers in the year.