Source: Boeing Company to serve as 'aviation sector champion' in global sustainability alliance Aviation sustainability expert Robert Boyd joins Boeing Boeing will represent the aviation sector in a global alliance, jointly established by the US Government and World Economic Forum to accelerate clean technologies and reduce carbon emissions. The First Movers Coalition (FMC) was created in late 2021 to leverage the purchasing power of major companies to speed up the pace of decarbonizing industrial sectors such as shipping, chemicals and trucking. Boeing, a founding member of the coalition, will serve as the 'champion' for the aviation sector. As part of its new role, Boeing commits to supporting greater commercialization of sustainable aviation fuels and advancing other low-carbon technologies. Scaling up [...]

Source: Embraer HIGHLIGHTS Firm order backlog ended 2Q22 at US$ 17.8 billion (+US$0.5 billion versus 1Q22). This is the highest quarter backlog post pandemic, driven by solid order activity. Recent announcement of 20 E195-E2 firm order of Porter will be included in 3Q22 backlog. Reported 2Q22 consolidated gross margin of 22.9% higher than 18.2% reported in 2Q21, with y-o-y improvement in most segments due to product mix, pricing increase and overall operational performance, including tax efficiencies. Adjusted EBIT and EBITDA were US$ 81.2 million and US$ 124.6 million, respectively, yielding Adjusted EBIT margin of 8.0% and Adjusted EBITDA margin of 12.2%. In 2Q22, Embraer reported Adjusted Net Income (excluding deferred taxes and special items) of US$ 39.4 million and Earnings per Share of US$ 0.40. Free cash flow (FCF) in 2Q22 was a surplus of US$ 91.2 million, representing [...]

Source: Boeing Besanceney to join as senior vice president and chief communications officer; will serve on Boeing's Executive Council Veteran corporate affairs leader has held senior roles at Walmart, Disney, and the White House The Boeing Company today named Brian Besanceney as the company's senior vice president and chief communications officer effective September 6, 2022. A corporate affairs leader with more than 25 years of strategic communications and government relations experience, including senior roles at Walmart and Disney, Besanceney will oversee all aspects of Boeing's communications, such as communications at its commercial airplanes, defense and services businesses, media relations, external affairs, employee engagement, and company branding. Besanceney will report to Boeing President and CEO David Calhoun and serve on the [...]

Source: Airbus 297(1) commercial aircraft delivered in H1 2022 Revenues € 24.8 billion; EBIT Adjusted € 2.6 billion EBIT (reported) € 2.6 billion; EPS (reported) € 2.42 Free cash flow before M&A and customer financing € 2.0 billion A320 Family monthly production rate target of 75 for 2025 unchanged; adjustment to 2022 and 2023 ramp-up trajectory 2022 guidance updated to around 700 commercial aircraft deliveries 2022 guidance maintained for EBIT Adjusted and FCF before M&A and customer financing Airbus SE reported consolidated financial results for the Half-Year (H1) ended 30 June 2022. “Airbus delivered a solid H1 2022 financial performance in a complex operating environment, with the geopolitical and economic situation creating further uncertainties for the industry. The supply chain challenges [...]

Source: ATR ATR announces that its Board Members, Airbus and Leonardo, have appointed the new Chief Executive Officer, Nathalie Tarnaud Laude, effective from 17 September. Nathalie succeeds Stefano Bortoli, whose four-year mandate expires at the same date, following the terms set by ATR’s bylaws. Stefano will take on a new leadership role at Leonardo that will be announced by the company in the upcoming days. Nathalie Tarnaud Laude is currently NHIndustries’ President and Senior Vice President Head of the NH90 Programme for Airbus Helicopters. Prior to this, she held various senior positions at Airbus in strategy, programme, technology and finance. She brings strong strategic and leadership skills, as well as programme execution experience, essential to continue developing ATR as a [...]

Source: Boeing Second Quarter 2022 Operating cash flow of $0.1 billion; continue to expect positive free cash flow for 2022 Increased 737 production to 31 per month; working with FAA on final actions to resume 787 deliveries Successfully completed CST-100 Starliner uncrewed Orbital Flight Test-2 (OFT-2) Revenue of $16.7 billion; GAAP earnings per share of $0.32 and core (non-GAAP)* loss per share of ($0.37) Total backlog of $372 billion; including over 4,200 commercial airplanes Table 1. Summary Financial Results Second Quarter First Half (Dollars in Millions, except per share data) 2022 2021 Change 2022 2021 Change Revenues $16,681 $16,998 (2) % $30,672 $32,215 (5) % GAAP Earnings/(Loss) From Operations $774 $1,023 (24) % ($395) $940 NM Operating Margin 4.6 % 6.0 % (23) % (1.3) % 2.9 % NM Net [...]

Source: Boeing New Pilot and Technician Outlook (PTO) shows a 3.4% growth from 2021 for forecasted regions More than half of demand in China, Europe and North America; fastest growing regions are Africa, Southeast and South Asia Boeing developing digitally enabled competency-based training and assessment solutions focused on safety and quality Boeing's 2022 Pilot and Technician Outlook (PTO) forecasts demand for 2.1 million new aviation personnel over the next 20 years to safely support the recovery in commercial air travel and meet rising long-term growth. The long-term forecast shows that 602,000 pilots, 610,000 maintenance technicians and 899,000 cabin crew members will be needed to support the global commercial fleet over the next two decades. The worldwide fleet is expected to nearly [...]

Source: Airbus Airbus has successfully tested a removable firefighting demonstrator kit on the A400M new generation airlifter during a flight test campaign in Spain. The test campaign took place in daylight conditions with a minimum operating height of 150ft, flight speeds as low as 125 knots and drops involving up to 20 tonnes of water from the current tank in less than 10 seconds. The main objective of the campaign is to validate the drop water quantity and time as well as the ability of the A400M to carry out this new role with the kit. The development of this prototype and the tests have been carried out in close collaboration with the 43rd Group of the Spanish Air Force, as well as [...]

Source: Airbus Airbus has joined the world’s largest clean hydrogen infrastructure investment fund, managed by Hy24 - a joint venture between Ardian, a world-leading private investment house and FiveTHydrogen, an investment manager specialising in clean hydrogen investments. Hy24’s investment fund will provide financial capital to back credible, large-scale green hydrogen infrastructure projects world-wide. Airbus' involvement assures its commitment to the scaling up of a global hydrogen economy, a prerequisite for the successful entry-into-service of its zero-emission commercial aircraft by 2035. "Since 2020, Airbus has partnered with numerous airlines, airports, energy providers and industry partners to develop a stepped approach to global hydrogen availability,” said Karine Guenan, VP ZEROe Ecosystem, Airbus. "Joining a fund of this magnitude demonstrates Airbus' continuously active [...]