Embraer president Mauricio Botelho has declared that the company's privatisation is working after a much-improved set of first-quarter results. Revenues rose by 41% to $76 million, while losses fell back to $26 million. In the first quarter of 1995 the company had racked up losses of $116 million. The institutions which now own Embraer are to inject $115 million to reduce its $500 million debt.
Source: Flight International
Advanced propulsion developer ZeroAvia has revised the flight-test plan for its ZA600 powertrain, transferring a second Dornier Do 228 twin-turboprop to the UK in support of its certification push.
Embraer says it remains on track to meet its 2024 aircraft-delivery goals despite other aerospace suppliers recently curtailing delivery estimates due to stubborn supply chain troubles.
The National Transportation Safety Board’s (NTSB) ongoing hearing into the January in-flight failure of a Boeing 737 Max 9’s door plug has highlighted problems at Boeing’s Renton site, including concerns about employee training and pressure to complete work.
