Source: Eve Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) announced today the approval by the executive board of Brazil’s National Development Bank (“BNDES”) to support Eve’s eVTOL development efforts with two distinct credit lines, totaling $92.5 million. Both credit lines are expected to offer beneficial terms and conditions to Eve with a 12-year maturity and amortization grace period. The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements. The first credit line is expected to be granted by the Climate Fund (“Fundo Nacional Sobre Mudança Climática”, or “Climate Fund”). This is a BNDES program [...]

Source: Airbus Following a decision by the Airbus Board of Directors, Tony Wood has joined the Board as a non-executive director with immediate effect, replacing Lord Paul Drayson who resigned on the day of the 2022 Annual General Meeting. In accordance with the Board of Directors’ internal rules and the Company's Articles of Association,  Tony Wood's appointment as a non-executive director for a three year mandate will be submitted for approval at the next Annual General Meeting of shareholders in April 2023. Tony Wood has extensive experience of the aerospace industry and defence sector. He is currently a Member of the Board of National Grid plc, an energy transmission company operating in the UK and the US. "We are pleased [...]

Source: Embraer Embraer’s E2 family of commercial jets, the E195-E2 and E190-E2, has received Type Certification from Transport Canada Civil Aviation (TCCA), following certification from ANAC (Brazil), the FAA (USA), and EASA (Europe) in 2019 and 2018 respectively. The delivery of the first of fifty E195-E2 ordered by Toronto based Porter Airlines, which will also be the first E195-E2 to operate in North America, will take place at Embraer’s headquarters in São José dos Campos, Brazil, in the coming days. Porter Airlines has orders with Embraer for up to 100 E195-E2 aircraft; 50 firm commitments and 50 purchase rights. In 2021 Porter ordered 30 Embraer E195-E2 jets, with purchase rights for a further 50 aircraft, worth US$5.82 billion at list [...]

Source: Boom Supersonic Boom Supersonic, the company building the world’s fastest airliner, today announced Symphony, a new propulsion system designed and optimized for its Overture supersonic airliner. Boom also announced that it will be teaming with three industry leaders to develop Symphony including Florida Turbine Technologies (FTT) for engine design, GE Additive for additive technology design consulting, and StandardAero for maintenance. “Developing a supersonic engine specifically for Overture offers by far the best value proposition for our customers,” said Blake Scholl, Founder and CEO of Boom Supersonic. “Through the Symphony program, we can provide our customers with an economically and environmentally sustainable supersonic airplane—a combination unattainable with the current constraints of derivative engines and industry norms.” Symphony will be a [...]

Source: Boeing Total Component Support for four 737-based Maritime Patrol Aircraft Boeing has awarded Lufthansa Technik a contract for sustainment services within its support of the Royal New Zealand Air Force's (RNZAF) future fleet of four P-8A aircraft that will leverage commercial capabilities to improve readiness rates. The contract is for provision of Lufthansa Technik's Total Component Support (TCS), a comprehensive component services program for the 737 covering more than four hundred commercial common parts included in the configuration of the P-8A, a military derivative of the popular airliner. Leveraging the 737 commercial market in support of P-8A international customers will allow smaller fleets easier access to necessary global supply chain inventory from the more than four thousand 737 aircraft [...]

Source: Airbus In Europe’s first large-scale multi-domain flight demo, led  by Airbus, two fighter jets, one helicopter and five unmanned remote carriers teamed up and  accomplished a mission that could occur in real-life situations. The Future Combat Air System  (FCAS) Manned-Unmanned Teaming Demonstrator project will now move to the next phase:  further paving the way for FCAS by developing a flying remote carrier (RC) demonstrator in  the coming years. “With the Multi-Domain Flight Demo, or MDFD, we demonstrated for the first time in Europe  how manned-unmanned teaming capabilities and functionalities with up to ten connected  assets work in a real-life inspired scenario and under near operational conditions,” said Jean Brice Dumont, Head of Military Air Systems at Airbus. "This is [...]

Source: Boeing The final 747-8 Freighter will be delivered to Atlas Air in early 2023 Iconic plane transformed global travel after entering service in 1970 The last Boeing 747 left the company's widebody factory in advance of its delivery to Atlas Air in early 2023. "For more than half a century, tens of thousands of dedicated Boeing employees have designed and built this magnificent airplane that has truly changed the world. We are proud that this plane will continue to fly across the globe for years to come," said Kim Smith, Boeing Vice President and general manager, 747 and 767 Programs. The 747 has played a key role in Boeing's history of aerospace leadership. Production of the 747, the world's [...]