Source: Boeing Boeing President and CEO Kelly Ortberg shared the following message with all employees: Team, I can’t tell you how proud and excited I am to be a member of the Boeing team. While we clearly have a lot of work to do in restoring trust, I’m confident that working together, we will return the company to be the industry leader we all expect. Restoring trust starts with meeting our commitments -- whether that’s building high quality, safe commercial aircraft, delivering on defense and space products that allow our customers to meet their mission, or servicing our products to keep our customers running 24/7. It also means meeting our commitments to each other and working collaboratively across Boeing to [...]

Source: Embraer The agreement reinforces the company’s liquidity for the coming years Embraer has signed an US$ 1 billion syndicated credit agreement for five years. The deal is an extension of a US$ 650 million syndicated credit operation announced in October 2022. The contract provides the company with important access to financial resources at pre-negotiated rates. Led by banks Citibank, Credit Agricole, PNC Bank, and with the participation of institutions such as BNP Paribas, Mizuho, Bank of America, Sumitomo Mitsui Bank Corporation, Natixis, JP Morgan, MUFG, Santander, Banco do Brasil, Commerzbank, Morgan Stanley, Bradesco, and Goldman Sachs, the agreement allows access to the revolving credit line that can be used by Embraer's subsidiaries in the U.S. and the Netherlands, with [...]

Source: ATR The 2024 Farnborough International Air Show marked another dynamic chapter for ATR, underscoring its dominance in the regional aviation market through strategic partnerships, new orders, aircraft placements and a strong focus on sustainability. Air Tahiti placed an order for four ATR 72-600 aircraft, alongside renewing an eight-year Global Maintenance Agreement (GMA). The new aircraft, scheduled for delivery between 2025 and 2028, will support Air Tahiti in providing essential connectivity across the archipelago. With this additional agreement, ATR achieves a total number of 18 new orders so far this year, including 10 aircraft from Avation PLC and four orders from two undisclosed customers. ATR also announced a significant collaboration with Ethiopian MRO, a premier maintenance and training provider under [...]

Source: Airbus Airbus is investing in LanzaJet, a leading sustainable fuels technology company and producer, in line with its ambition to act as a catalyst for the global development of sustainable aviation fuels (SAF). This investment will support the development of the Alcohol-to-Jet (ATJ) pathway, an important step required to produce SAF at scale by enabling LanzaJet to further expand its capability and capacity to scale its proprietary Ethanol to Sustainable Aviation Fuel (SAF) process technology. “Sustainable aviation fuels are one of the most important levers available to decarbonise aviation, but their production is still limited. Our partnership with LanzaJet demonstrates Airbus' commitment to work with leading energy technology suppliers to explore innovative production pathways and scale SAF," said Julie [...]

Source: Boeing 2024 Pilot and Technician Outlook forecasts Eurasia, China and North America account for more than half of demand for aviation personnel through 2043 South Asia, Southeast Asia and Africa are fastest-growing regions for staffing Boeing competency-based training and assessment programs help enhance aviation safety and ensure high quality training as needs grow Over the next 20 years, Boeing projects a continued significant demand for aviation personnel as the global commercial airplane fleet continues to expand. The company's 2024 Pilot and Technician Outlook (PTO) shows the industry will require nearly 2.4 million new professionals to support the growing commercial fleet and meet the long-term increase in air travel. According to the latest PTO, commercial carriers will need the following [...]