Embraer reports that its backlog reached the highest level in seven years, and deliveries rose 67% in 1Q24. In 1Q24, Embraer delivered 25 aircraft, which is 67% higher than last year. Its general aviation division delivered 18 aircraft compared to…
For 2023, TAP recorded its highest net income, generating a profit of €177.3 million, an increase of €111.7 million over the previous year. Operating Revenues in 2023 reached the highest value ever in the Group’s history, surpassing the €4 billion…
Wizz Air, the Hungarian ultra low-cost carrier, hit a milestone carrying its 70 millionth passenger from London’s Luton airport. The carrier is the largest operator at Luton, with 11 aircraft based at the airport. The carrier operates 50 return flights…
Emirates President Sir Tim Clark caused a behind-the-scenes stir at the Dubai Airshow on Tuesday, commenting that his airline will not order the Airbus A350-1000 until Rolls-Royce improves the durability of the Trent XWB-97 engines. Clark made his comments during a…
Rolls-Royce has met the target of running the UltraFan technology demonstrator at full power before the end of this year. The engine maker said in a pre-Dubai Airshow release that the test has been completed successfully at the Testbed 80…
Raytheon Technologies, known now as RTX, will gamble a portion of its future on stock buybacks that will increase the stock price (and thereby compensation for senior executives with stock options.) Stock buybacks are good when funded from earnings and…