All Aerospace articles – Page 18
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NewsBoeing seeks to raise $19bn via stock sale amid cash crunch
Amid concerns that Boeing does not have enough cash on-hand to support operations, the US airframer disclosed on 28 October a public offering of 90 million shares, plus $5 billion of depository shares.
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NewsTextron trims 2024 financial estimates due to machinists’ strike, delivery slowdown
Executives cut $500 million off Textron Aviation’s expected 2024 revenue following month-long walkout by machinists
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NewsMoody’s thinks Boeing still has negotiating room with union as cash crunch continues
Boeing faces the prospect of losing billions more dollars in the fourth quarter and may need to accelerate efforts to raise cash after machinists on 23 October voted down another of the company’s contract offerings.
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NewsLilium faces insolvency as cash crisis deepens
Lilium’s main German operating subsidiaries are to file for insolvency amid an ongoing cash crisis at the electric air taxi developer.
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InterviewWhy ex-Tornado navigator Nicola Steevenson is on a mission to encourage others
Inspired to fly by a British Airways newspaper advert, Nicola ‘Rosie’ Steevenson served as a navigator in the Royal Air Force and now focuses on human factors, safety, and encouraging others.
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NewsKAI aims to sell 23,000 AAM vehicles by 2050
Korea Aerospace Industries plans to commercialise an advanced air mobility vehicle (AAV) in 2031, following design completion next year.
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NewsProduction troubles push Spirit AeroSystems to $447m loss in third quarter
Aerostructures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant charges taken by the company against several of its financially troubled aircraft programmes.
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NewsFAA’s eVTOL rule sets safety ‘baseline’ but flight limitations remain unclear
While electric aircraft manufacturers insist they are close to certificating their designs, uncertainty abounds about operating limitations and how the aircraft will be integrated into complex airspace.
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NewsJoby’s front-row seat to historic FAA rule signing ‘exciting final chapter before operations’
Joby Aviation’s electric air taxi was positioned front-and-center as Michael Whitaker, head of the Federal Aviation Administration, signed in Las Vegas a historic rule establishing a new class of “powered lift” aircraft.
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NewsBoeing supplier Subaru upbeat on long-term 777X potential
Despite delays to the Boeing 777X and the US airframer’s labour issues, Japanese Tier 1 supplier Subaru is optimistic about the programme, as it continues to produce military helicopters.
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NewsLilium stays course toward certification, eyes US sales amid financing search
The chief commercial officer of German electric aircraft developer Lilium is urging investor patience as the company seeks additional financing after recently losing a German loan guarantee.
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In depthHow Garmin’s new G3000 Prime avionics suite builds off 20 years of experience
Leaning on the institutional knowledge that comes with installing more than 30,000 flight decks across various aircraft types over the past 20 years, Garmin’s latest avionics suite – the G3000 Prime – is the Kansas firm’s most advanced yet.
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In depthFAA finalises rule establishing new class of ‘powered lift’ aircraft to enable commercial air taxis
Clearing the way for a new class of “powered lift” aircraft to get off the ground, the Federal Aviation Administration (FAA) on 22 October released a finalised rule outlining operational and pilot-training requirements for the burgeoning electric air taxi sector.
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NewsCAE showcases mixed-reality flight deck simulation app at NBAA
Aviation training company CAE has revealed a new pilot-training app compatible with the Apple Vision Pro mixed-reality headset, which it touts as a potential “game-changer” for aspiring aviators.
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NewsTextron Aviation reveals launch customer, completes first flight of CJ4 Gen3 light jet
A “longtime Cessna Citation enthusiast” is lined up to become the launch customer for Textron Aviation’s first CJ4 Gen3 light business jet, which flew for the first time in early October.
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NewsBombardier begins manufacturing large structural components for first production Global 8000
Bombardier has started manufacturing major structural components for the first production example of its ultra-long-range Global 8000, a business jet that is set to succeed the Global 7500 as the Montreal airframer’s flagship.
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In depthTextron Aviation rolls out upgraded ‘Gen3’ series of light jets with standard auto-land
Textron Aviation is rolling out at the NBAA show in Las Vegas a series of upgrades to its Cessna Citation family of light business jets that will represent “Gen 3” variants of the M2, CJ3 and CJ4 platforms.
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In depthCFM, P&W address durability issues as number of grounded GTF-powered jets inches higher
The issues facing turbofan producers CFM International and Pratt & Whitney (P&W) would surely have stolen headlines in 2024 had the year not been so incredibly troubled for the broader aerospace industry.
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NewsEmbraer delivers 57 jets in the third quarter, up from 43 last year
Brazilian airframer Embraer delivered 57 jets in the third quarter of 2024, one-third more than during the equivalent three-month period in 2023, and 24% more than the previous quarter.
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In depthIHI aerospace boss eyes revenue growth through civil, military programmes
The aerospace division of Japan’s IHI sees big opportunities in the defence sector, as it also looks to position itself on the next generation of commercial engines.
