FOKKER NEXT GEN secured MOU with airBaltic to collaborate on development of 120-150 seat liquid hydrogen-powered narrowbody aircraft for 2035; aircraft will have dual fuel tank system to handle SAF or kerosene if needed.
ARCHER AVIATION reports its Midnight eVTOL completed >100 test flights in 1Q24. It says it is closing in on aircraft's transition milestone to take off vertically/accelerate from thrust-born to wing-borne flight and then land again vertically.
LILIUM, Germany announced it is in advanced discussions with the French government to its expand industrial footprint with high-volume Lilium Jet manufacturing facilities in France; possible sites are being evaluated.
Plans to replace the three main fleets of mobility aircraft remain decades away, following the production run of the Next Generation Aerial Refueling System.
Flight tests of a system onboard a QinetiQ-operated RJ100 modified regional airliner confirm the potential of a Quantum Inertial Navigation System (Q-INS).
In a healthy defense industrial ecosystem, companies occupying the middle ground—between the many small companies and a few large ones—perform important systemic roles.
Air Mobility Command’s goal of fielding a stealthy, penetration tanker aircraft in the mid-2030s faces pressure from tight budgets on its current timeline.
DUCOMMUN had $6.8m net income on record $191m revenues in 1Q24 vs $5.2m on $181m in 1Q23, citing $8.1m higher revenues in commercial aerospace end-use markets due to higher rates on helicopter, narrowbody and widebody platforms.
AERSALE had $6.3m net income on $90.5m revenues in 1Q24 vs $5k on $78.3m in 1Q23; Flight equipment sales totaled $38.6m (one aircraft and four engines) vs $27.7m (two aircraft and one engine), while USM revenue rose 16%.
By Joe Anselmo, Jens Flottau, Guy Norris, Ron Epstein
The last company to take on Airbus and Boeing was crushed, but market conditions could be ripe for another challenger. BofA analyst Ron Epstein joins to discuss what Embraer might do.
