ATR announced its first and only commercial agreement during the Dubai Airshow on Tuesday, signing a Heads of Agreement with lessor Abelo for 10 72-600 turboprops plus 10 options. The agreements need to be finalized, but Abelo CEO Steve Gorman…
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…
Archer has successfully completed the first flight with the Midnight eVTOL and expects to expand the flight test program rapidly in the coming months. The Midnight performed an unmanned flight at the test facility in Salinas (California), but Archer didn’t share…
UPDATE – GE Aerospace benefitted from strong demand for new commercial engines and services, reporting a 25-percent growth of revenues to $8.4 billion in Q3. For the year-to-date, revenues are up by even 26 percent to $23.3 billion, General Electric…
Spirit AeroSystems has renegotiated its long-term contracts with Boeing. Under the revised terms of what currently still is a Memorandum of Agreement, Boeing will pay Spirit more for each 787 shipset but will get a price reduction for 737 and…
Turkish low-cost Pegasus Airlines returned to profitability in Q2 compared to last year and also produced a record-high operating margin of 33.6 percent. The airline benefited from strong demand but is warning that the exceptionally high unit revenues from 2022 are…