All Aerospace articles – Page 17
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NewsItalian coastguard bolsters fleet with new ATR 42MP
Leonardo has secured an order from the Italian coastguard for a single maritime patrol-configured ATR 42-600. The Guardia Costiera already operates three maritime patrol aircraft based on older ATR 42-400 and -500 variants. Source: Leonardo Guardia Costiera’s fleet includes ATR 42-500 To be equipped with Leonardo’s ATOS ...
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NewsFalklands sign tentative deal for four more Islanders
The Falkland Islands government has signed a letter of intent (LoI) with Britten-Norman covering the acquisition of four BN-2 Islander utility aircraft.
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NewsVertical Aerospace funding talks enter critical stage
Air taxi developer Vertical Aerospace faces a weekend of crucial talks between founder Stephen Fitzpatrick and Mudrick Capital, the company’s largest creditor, aimed at staving off a looming cash crisis. New York-headquartered Mudrick has pledged to inject $75 million in to Vertical – $25 million of its own cash and ...
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NewsBombardier swings to $117m Q3 profit and plans year-end delivery push
Strong performance from Bombardier’s aftermarket services business pushed the Montreal business jet manufacturer to a $117 million profit for the third quarter of 2024, reversing a $37 million loss during the same period last year.
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NewsAW609 stays on certification path amid ‘tangible progress’ with FAA
Leonardo Helicopters believes its AW609 civil tiltrotor remains on track to secure US certification next year following a series of recent interactions with Federal Aviation Administration (FAA).
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NewsBell 525 edges towards certification finish line but ‘final tests’ remain
Bell’s goal to clinch US certification for its developmental 525 Relentless in 2024 is increasingly in the balance as the year draws to a close, with several flight-test points still to be addressed.
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NewsBritten-Norman has new owner alongside fresh investment
UK aircraft manufacturer Britten-Norman has gained new owners alongside fresh investment in the business, analysis of company records reveals.
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NewsNASA begins X-59 engine runs and now aims for 2025 first flight
The NASA team developing the X-59 supersonic demonstrator jet have fired up the aircraft’s GE Aviation F414-GE-100 powerplant for the first time, having started engine-run tests on 30 October.
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NewsSpirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing’s sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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NewsBeta lands deposit-backed order for up to 20 aircraft from Metro Aviation
Beta Technologies has landed a deposit-backed order for up to 20 of its electric vertical take-off and landing (eVTOL) Alia A250 aircraft from medical operator Metro Aviation.
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AnalysisTariffs, mergers, missiles and SAF: what Harris and Trump policies would mean for airlines and aerospace
The US presidential election on 5 November could determine much about the next four years for US airlines and aerospace manufacturers, leaving firms possibly facing major new policy shifts – or continuation of the status quo.
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NewsReaction Engines to close as cutting-edge SABRE fails to advance
UK advanced propulsion developer Reaction Engines is to close down after it collapsed into administration having failed to secure additional funding.
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NewsBeta betters balance sheet with Series C funding as loan extends Eve’s cash runway
Two of the big players in the emerging advanced air mobility sector have announced fresh financial backing against the backdrop of a tight fund-raising environment and the insolvency proceedings at one of their rivals.
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NewsSJ-100 flight-test campaign awaits PD-8-powered prototypes
United Aircraft acknowledges that it is having to work its way around delays to the domestically-built Aviadvigatel PD-8 engine as its progresses with flight-testing the Yakovlev SJ-100. The SJ-100 is a version of the Superjet 100 adapted to feature a higher proportion of Russian-build components and systems. These include PD-8 ...
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NewsBoeing sweetens offer to striking machinists
The International Association of Machinists and Aerospace Workers (IAM) says it will vote on Boeing’s latest contract offer on 4 November.
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NewsHonda cleared by FAA to begin eVTOL demonstration flights
A division of Honda appears set to begin flight testing a scaled-down prototype of an unmanned electric aircraft, though few details about the development programme are known.
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NewsLilium sale process kicks off as self-administration goes ahead
Insolvency and restructuring experts from Gorg and Pluta Rechtsanwalts will shortly begin seeking buyers for Lilium’s main operating units following their appointment to the German firms under a self-administration process.
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NewsTAI hands over first T625 Gokbey helicopter
Turkish Aerospace (TAI) has delivered the first T625 Gokbey helicopter, part of a launch order for 20 examples from Ankara for the new medium-twin.
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NewsNasdaq stock exchange to delist Lilium following insolvency filings
The Nasdaq stock exchange will halt trading of financially embattled air taxi developer Lilium’s shares after 5 November, a move coming in response to insolvency filings for two of the German company’s main subsidiaries.
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NewsLilium subsidiaries file for insolvency
Lilium’s two principal German operating subsidiaries have filed for insolvency after running out of cash.
