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," [...]

Source: Airbus The Digital Alliance was initiated with Delta TechOps in 2019 and then strengthened in 2021 with the arrival of GE Digital The Digital Alliance has welcomed SAS Scandinavian Airlines as its first customer for its Skywise Predictive Maintenance (SPM) solution. The new solution chosen by the airline is called “SPM Alliance” and will enhance the operations of its A320 Family fleet of around 70 aircraft. This is the first solution from the Digital Alliance combining predictive maintenance algorithms from Airbus as OEM, Delta TechOps as an MRO and operational expert and GE Digital as software expert. It encompasses a wide scope of components for aircraft and engines produced by various manufacturers. “SAS is proud to be the launch [...]

Source: Embraer Embraer, one of the largest aerospace companies in the world, is now hiring for more than 150 open positions at its Melbourne, Florida facility. The company is hiring for multiple positions including Assembly Technicians, A&P Technicians, Aircraft Painters, Quality Inspectors and Manufacturing Engineers. Embraer’s Melbourne campus serves as the company’s headquarters for its Executive Jets unit. Opened in 2011, the facility is home to the assembly line for two of the company’s light-jet aircraft: the Phenom 100EV and the Phenom 300E. Employees also work on the final assembly of the Praetor 500 and Praetor 600, the most disruptive and technologically advanced mid-sized jets on the market. In addition, the 67-acre campus includes a 58,000 square ft. Global Customer [...]

Source: Boeing Company to support the Center's work to conduct groundbreaking research with a five-year, $10 million contribution Boeing joins inaugural Center supporter FedEx as well as Southwest Airlines in supporting the study of natural carbon capture Boeing today announced its support of an ambitious initiative at the Yale Center for Natural Carbon Capture to address climate change through a program of scientific research and solution-oriented innovations. The five-year, $10 million commitment will fund research methods for carbon capture at scale. "Climate change is one of the greatest challenges of our time and at Boeing, we believe we have a responsibility to take action and help find solutions to reverse its effect," said Chris Raymond, Boeing's chief sustainability officer. "To [...]