Source: Boeing Boeing has reached a tentative agreement on a historic contract offer with IAM Districts 751 & W24, which represent 33,000+ Boeing employees. See www.boeing.com/IAM2024 for details. Boeing Commercial Airplanes President and CEO Stephanie Pope shared the following in a video message to employees: "We've what's important to you for the new contract. And we have reached a tentative agreement with the union on a historic offer that takes care of you and your family. The contract offer provides the largest-ever general wage increase, lower medical cost share to make healthcare more affordable, greater company contributions toward your retirement, and improvements for a better work-life balance. Just as important, this contract deepens our commitment to the Pacific Northwest. Boeing's [...]

Source: Embraer Executives from all business units discuss revenue growth, profitability, and a historical high in share prices Embraer gathered shareholders, investors, and financial analysts at the headquarters of B3, the São Paulo Stock Exchange, to mark 35 years as a publicly traded company, amidst celebrations for its 55th anniversary, which was observed on August 19. During the event, company executives detailed their growth strategy for the coming years and the reasons behind the strengthening of the company's financial performance over recent years. "We are currently reaping the results of an intense cycle of investments in our existing product portfolio, leading to a significant increase in revenue and profitability. The capital market has acknowledged this prosperous period for Embraer through [...]

Source: Boom Boom’s XB-1 supersonic demonstrator aircraft successfully executed its second flight at the Mojave Air & Space Port in Mojave, California. Following its historic first flight in March 2024, XB-1 continues to progress through its flight test program, targeting supersonic flight by the end of the year. The XB-1 program provides the foundation for the design and development of Overture, Boom’s supersonic airliner, while establishing a safety-first culture. During this flight, XB-1’s landing gear was successfully retracted and extended for the first time, which is typical of second test flights. Additional objectives for this flight test were for the XB-1 team to assess aircraft handling qualities and activate a new digital stability augmentation system – or roll damper – for the [...]

Source: Embraer The country will become the sixth operator of the aircraft in South America along with Brazil, Chile, Colombia, Ecuador and Paraguay Embraer has announced the sale of up to six A-29 Super Tucano aircraft to the Uruguayan Air Force (FAU). The contract, which is part of a fleet renew program to expand FAU's operational capacity, provides for the acquisition of one aircraft plus the commitment to acquire five additional units, with deliveries scheduled from 2025, including mission equipment, integrated logistics services and a flight simulator. With this order, Uruguay becomes the sixth nation to operate the A-29 Super Tucano in South America along with Brazil, Chile, Colombia, Ecuador and Paraguay. Due to its operational flexibility in the South [...]

Source: ATR ATR, the world’s leading regional aircraft manufacturer, today announced the delivery of its 1,700th aircraft since the inception of the programme to longstanding customer Air Corsica. The delivery of this ATR 72-600 to the French airline completes the full transition of its fleet of ATR -500 series to the latest generation of turboprop aircraft, demonstrating its commitment to operational excellence, regional connectivity, and sustainability. It also underscores the robustness and enduring success of the ATR programme, solidifying its position as a cornerstone in the regional aviation landscape. Air Corsica was the first operator to take delivery of an ATR 72-600 equipped with the new PW127XT engine in November 2022, which resulted in a 20% reduction in maintenance costs and at least a 3% reduction in fuel consumption compared with the PW127M. It generates a CO2 emission saving of 45% compared with a similar-sized regional jet. [...]

Source: ATR ATR has been informed that an accident occurred in Vinhedo, Brazil involving an ATR 72-500. Our first thoughts are with all the individuals affected by this event. The ATR specialists are fully engaged to support both the investigation and the customer. About ATR ATR is the world number one regional aircraft manufacturer with its ATR 42 and 72, the best-selling aircraft in the below 90-seat market segment. The unifying vision of the company is to accelerate sustainable connections for people, communities and businesses, no matter how remote. Flown by some 200 airlines in over 100 countries, ATR aircraft opened 160 new routes in 2023, facilitating the development of territories and enabling access to crucial services like healthcare and [...]

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 [...]