Source: Boeing DC-area location is close to Boeing's global customers and stakeholders Boeing will develop a research & technology hub in Virginia to harness and attract engineering talent; hub to join the company's global engineering network Boeing announced that its Arlington, Virginia campus just outside Washington, D.C. will serve as the company's global headquarters. The aerospace and defense firm's employees in the region support various corporate functions and specialize in advanced airplane development and autonomous systems. In addition to designating Northern Virginia as its new headquarters, Boeing plans to develop a research & technology hub in the area to harness and attract engineering and technical capabilities. "We are excited to build on our foundation here in Northern Virginia. The region [...]

Source: Embraer Embraer S.A. (“Embraer”) concluded a series of experimental flights in Rio de Janeiro, Brazil, focused on evaluating new autonomous system technologies in real flight conditions. The goal is to enable safe autonomous operation in complex urban environments. The aerial data collection and real-time evaluation of these technologies in urban scenarios used regular piloted helicopters as part of the Embraer Autonomous Systems project (“Project EASy”), which uses agile testing process for the development of best-in-class solutions that will enable the autonomous aviation of the future. Embraer worked with Eve UAM, LLC (“Eve”), an Embraer company dedicated to accelerating the Urban Air Mobility (“UAM”) ecosystem, and in direct collaboration with partners Daedalean, Iris Automation and Near Earth Autonomy for seven [...]

Source: Airbus Solid Q1 results in an evolving and complex geopolitical and economic environment 142(1) commercial aircraft delivered in Q1 2022 A320 Family: Monthly production rates to increase to 75 in 2025 to meet customer demand Revenues € 12.0 billion; EBIT Adjusted € 1.3 billion EBIT (reported) € 1.4 billion; EPS (reported) € 1.55 Free cash flow before M&A and customer financing € 0.2 billion Guidance unchanged; more challenging risk profile for the remainder of 2022 Airbus SE (stock exchange symbol: AIR) reported consolidated financial results for its First Quarter (Q1) ended 31 March 2022. “These Q1 results reflect a solid performance across our commercial aircraft, helicopter and defence businesses. Our 2022 guidance is unchanged, even though the risk profile for [...]

Source: Boeing For second consecutive year, 100% of Boeing deliveries were financed by third parties with the top sources of delivery funding coming from cash, capital markets and sale leasebacks. Capital markets continued to play a key role in shoring up liquidity for the sector, close to pre-pandemic levels for most issuers as spreads tightened throughout the year. Boeing Capital Corporation, a wholly-owned subsidiary of Boeing, today released the 2022 Commercial Aircraft Financing Market Outlook (CAFMO) showing improving financing stability as the industry recovers from the impacts of the global pandemic. "Financiers and investors remain committed to the long-term fundamentals that continue to make aircraft a valuable asset class," said Tim Myers, president of Boeing Capital Corporation. "Despite the changing landscape [...]

Source: Embraer HIGHLIGHTS ·     Embraer delivered 14 jets in the first quarter, of which 6 commercial aircraft and 8 executive jets (6 light and 2 mid-size). ·     Firm order backlog ended 1Q22 at US$ 17.3 billion (+US$0.3 billion versus 4Q21). This is the highest quarter backlog since 2Q18, driven by solid order activity. ·     Revenues reached US$ 600.9 million in the quarter, down 26% compared to 1Q21, with almost one month of production shut down due to system and legal reintegration of Commercial Aviation in January. In contrast, reported consolidated gross margin of 20.1% was higher than the 9.5% reported in 1Q21 due to better performance in all segments. ·     Adjusted EBIT and EBITDA were US$ (27.0) million and US$ 13.2 million, respectively, yielding Adjusted EBIT margin of -4.5% and Adjusted EBITDA margin of 2.2%. This includes nonrecurring expenses of US$17 million for the quarter. ·     Free cash flow (FCF) in 1Q22 was [...]

Source: ATR The new 30 to 50 seater aircraft will be capable of landing on runways as short as 800 meters (2,625ft) Phase one of the conversion of the ATR 42-600 prototype (MSN 811) into a 42-600S STOL variant is nearly complete. The next phase of ground tests will be followed by the first flight in partial STOL configuration. In the video below, Simone Stanchi, STOL Program Director and François Lannaud, STOL Program Manager talk us through the modifications brought to MSN 811 to turn it into this first version of the STOL: reinforcement of the rear fuselage, installation of the autobraking and ground spoiler systems as well as all the multi-functional computer systems controlling these new features. The installation [...]

Source: Airbus Airbus and ITA Airways have signed a Memorandum of Understanding to collaborate on urban air mobility (UAM) in Italy. The two companies will explore the creation of tailored UAM services, by identifying strategic use cases for emission-free mobility solutions. The agreement foresees a joint approach toward local mobility stakeholders in order to onboard additional partners for the safe and sustainable launch of operations with the CityAirbus NextGen electric vertical take-off and landing (eVTOL) aircraft, currently in development. The parties also agree to identify pilot cases with the goal of securing public acceptance of UAM by demonstrating the added value that it can bring to communities. “The partnership between ITA Airways and Airbus started with the evolution toward more [...]

Source: Boeing First Quarter 2022 737 production and deliveries continue to increase; submitted 787 certification plan to the FAA Launched 777-8 Freighter; now anticipate first 777-9 delivery in 2025 Recorded charges on fixed-price defense development programs as well as for impacts of the war in Ukraine Operating cash flow of ($3.2) billion; continue to expect positive cash flow for 2022 Revenue of $14.0 billion; GAAP loss per share of ($2.06) and core (non-GAAP)* loss per share of ($2.75) Total backlog of $371 billion; including nearly 4,200 commercial airplanes Table 1. Summary Financial Results First Quarter (Dollars in Millions, except per share data) 2022 2021 Change Revenues $13,991 $15,217 (8)% GAAP Loss From Operations ($1,169) ($83) NM Operating Margin (8.4)% (0.5)% NM Net Loss ($1,242) ($561) NM Loss Per Share ($2.06) ($0.92) NM Operating Cash [...]

Source: Boeing The new agreement expands Boeing's Maintenance, Repair and Overhaul (MRO) footprint and enhances the service offerings for the global 737 MAX fleet Boeing Global Services announced a new agreement with Spirit AeroSystems, Inc. and its affiliates to combine aftermarket resources, expanding the MRO footprint in support of nacelle and flight control repairs for the global 737 MAX fleet. The agreement will enhance Boeing support for nacelle and flight control surface removals with a more robust MRO footprint while combining Boeing's industry-leading asset pool with the hands-on repair experience of Spirit AeroSystems. "With this agreement, Boeing Global Services is strategically positioned to assist all 737 MAX operators by providing lease and exchange programs to respond quickly to unforeseen events," [...]