Source: Boeing Second Quarter 2023 Transitioning 737 production to 38 per month; increased 787 production to four per month Revenue increased to $19.8 billion primarily reflecting 136 commercial deliveries Operating cash flow of $2.9 billion and free cash flow of $2.6 billion (non-GAAP); cash and marketable securities of $13.8 billion Total company backlog of $440 billion, including over 4,800 commercial airplanes Reaffirm guidance: $4.5-$6.5 billion of operating cash flow and $3.0-$5.0 billion of free cash flow (non-GAAP) Table 1. Summary Financial Results Second Quarter First Half (Dollars in Millions, except per share data) 2023 2022 Change 2023 2022 Change Revenues $19,751 $16,681 18 % $37,672 $30,672 23 % GAAP (Loss)/earnings from operations ($99) $780 NM ($248) ($382) NM Operating margins (0.5) % [...]

Source: Airbus 316 commercial aircraft delivered in H1 2023 Revenues € 27.7 billion; EBIT Adjusted € 2.6 billion EBIT (reported) € 1.9 billion; EPS (reported) € 1.94 Free cash flow before M&A and customer financing € 1.6 billion Guidance maintained Airbus SE reported consolidated financial results for the Half-Year (H1) ended 30 June 2023. “During the first half of 2023 we progressed well across our businesses in an operational environment that remains complex. Our commercial aircraft are in strong demand, as demonstrated by more than 800 orders announced at the Paris Air Show. This demand is driven both by growth and fleet replacement as airlines invest in more fuel efficient fleets,” said Guillaume Faury, Airbus Chief Executive Officer. “Based on [...]

Source: Embraer Embraer opened the registration for the 32nd class of its Master of Science in aeronautical engineering program, a professional specialization for career acceleration of engineers who desire to deepen their knowledge in the aerospace sector in Brazil. There are 45 scholarships available for candidates from all over the country who can apply until September 3 through the link: https://embraer.com/pee. The academic specialization, carried out in partnership with the Technological Institute of Aeronautics (ITA), has a duration of 18 months and provides scholarship payments in the amount of R$ 5.000,00 per month with a 20% readjustment in the second year, among other benefits. Classes are set to begin in February 2024. More than 1,670 professionals from 105 universities in 20 states of Brazil [...]

Source: Boeing The 2023 Pilot and Technician Outlook forecasts China, Eurasia and North America representing more than half of demand for aviation staffing through 2042 With the global commercial airplane fleet expected to double by 2042, Boeing [NYSE: BA] forecasts industry-wide demand for 2.3 million new aviation personnel over the next 20 years to support the commercial fleet and meet long-term growth in air travel. The company's 2023 Pilot and Technician Outlook (PTO) projects that commercial carriers will need significant personnel through 2042 to support the global commercial fleet: 649,000 pilots 690,000 maintenance technicians 938,000 cabin crew members. "With domestic air travel fully recovered and international traffic near pre-pandemic levels, demand for aviation personnel continues to increase," said Chris Broom, [...]

Source: Embraer Eve Air Mobility and Embraer announced that the first electric vertical take-off and landing aircraft (eVTOL) production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. Subject to the final authorities’ approval, the manufacturing plant will be situated on a designated portion of land within Embraer’s existing unit in the city that will be expanded. The site benefits from a strategic logistical location, offering easy access via two highways and close proximity to a railroad. Another significant advantage is the region's proximity to Embraer’s headquarters in São José dos Campos and Eve's engineering and human resources team, which will facilitate the development and sustainability of new production processes, enhancing Eve’s agility [...]

Source: Gulfstream Aircraft Will Bring Business Aviation’s Longest Range to Customers Worldwide Gulfstream Aerospace Corp. announced the first flight of its second Gulfstream G800 flight test aircraft. The aircraft flew out of Gulfstream’s Savannah headquarters on a 30/70 blend of sustainable aviation fuel and marks a new phase in the G800’s path to certification and customer deliveries. The G800 took off on Saturday, July 15, at 9:27 a.m., flew for 3 hours and 26 minutes and reached a top speed of Mach 0.935. “Gulfstream’s flight test team continues to make advanced strides forward for our company,” said Mark Burns, president, Gulfstream. “The G800 will bring the industry’s longest range to customers around the world, and we are seeing strong demand [...]