Source: ATR Following an extensive market review and in light of lingering tensions on its supply chain, ATR has decided to focus efforts on further boosting the competitiveness of its current product portfolio. As a consequence, ATR will stop the development of its Short Take-Off and Landing variant (STOL), the ATR 42-600S, reflecting the company’s commitment to aligning operations with evolving market dynamics. The comprehensive review of market conditions, technological advancements and future projections shows a reduced addressable market for the variant compared to the initial forecast. In Southeast Asia, for instance, the number of targeted airports requiring STOL-capable aircraft has significantly decreased, primarily because of runway extensions or the construction of nearby alternative airports, and this trend is mirrored [...]

Source: Airbus 497 commercial aircraft delivered  Revenues € 44.5 billion; EBIT Adjusted € 2.8 billion EBIT (reported) € 2.7 billion; EPS (reported) € 2.29 Free cash flow before customer financing € -0.8 billion Guidance maintained Airbus SE reported consolidated financial results for the nine months ended 30 September 2024. “We saw strong demand across our product range in the first nine months of the year. The nine-month earnings reflect the level of commercial aircraft deliveries, a solid performance in helicopters and the charges in our space business recorded in the first half,” said Guillaume Faury, Airbus Chief Executive Officer. “We are constantly adapting to a complex and fast-changing operating environment marked by geopolitical uncertainties and specific supply chain challenges that [...]

Source: Airbus The Board of Directors of Airbus SE will propose to the shareholders at the 2025 Annual General Meeting the renewal of Guillaume Faury as Executive member of the Board and Airbus Chief Executive Officer. The Company is also announcing management transition steps in its Commercial Aircraft business. Lars Wagner, currently the CEO of MTU Aero Engines AG, based in Munich, has been selected to join the Airbus Executive Committee, after finalising his term at MTU, to become the successor of Christian Scherer as CEO of the Commercial Aircraft business. “Christian and I are excited to have Lars Wagner, such a talented industry leader, coming back to the Airbus family in this key role,” said Airbus CEO Guillaume Faury. [...]

Source: Boeing The Boeing Company("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and (ii) $750 million of Depositary Shares, solely to cover over-allotments, if any. Boeing intends to use the net proceeds from [...]

Source: Boeing Third Quarter 2024 Financials reflect impacts of the International Association of Machinists and Aerospace Workers (IAM) work stoppage and previously announced charges on commercial and defense programs Revenue of $17.8 billion, GAAP loss per share of ($9.97) and core (non-GAAP)* loss per share of ($10.44) Operating cash flow of ($1.3) billion and free cash flow of ($2.0) billion (non-GAAP)* Total company backlog of $511 billion, including over 5,400 commercial airplanes Table 1. Summary Financial Results Third Quarter Nine Months (Dollars in Millions, except per share data) 2024 2023 Change 2024 2023 Change Revenues $17,840 $18,104 (1) % $51,275 $55,776 (8) % GAAP Loss from operations ($5,761) ($808) NM ($6,937) ($1,056) NM Operating margins (32.3) % (4.5) % NM (13.5) % [...]