OneWeb and Intelsat have signed a global distribution partnership agreement to offer airlines a seamless inflight connectivity (IFC) solution. The partnership enables Intelsat to distribute OneWeb’s low Earth orbit (LEO) satellite services to airlines worldwide, coupled with Intelsat’s IFC experience and existing geo-stationary (GEO) satellite service. The result is a…
airBaltic is joining forces with travel tech partner DRCT to roll out New Distribution Capability (NDC) offerings to local and international markets. Travel sellers will now be able to book airBaltic NDC fares and personalised content through DRCT’s AI-powered products: DRCT Extension, DRCT Search and DRCT API. This strategic partnership…
Willis Lease Finance Corporation has reported second quarter total revenues of $78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were $60.9 million and spare parts and equipment sales were $6.8 million. Willis Lease reported increased total revenues in the second quarter…
Spirit AeroSystems reported revenue of $1.3bn for the second quarter of 2022 – up 26% on last year’s result. The company posted an operating loss of $105 million and a net loss of $122 million. “Like many other companies, this past quarter we experienced challenges with supply chain, staffing and…
Embraer has reported consolidated revenues of US$1,018.9 million at the end of the second quarter of 2022 (2Q22) representing a decrease of 9.9% over the year mostly driven by lower deliveries in Commercial and Defense & Security and partially offset by higher revenues in Services & Support. Net profit attributable…
Flybe has announced a partnership with TrustFlight and its suite of digital tools, including Tech Log, AMOS and Centrik, designed to enhance the airline’s safety, regulatory compliance, and continuing airworthiness. The combination of TrustFlight’s industry expertise and cutting-edge digital technology will help Flybe to deliver an efficient, cost-effective, competitive service…
Rolls-Royce has reported underlying revenues up 4% to £5.31bn, which were boosted by a market recovery in its power systems business and an improvement in civil aerospace. The company said that it had cut its cash burn by £1.1bn to £68mn compared to the prior-year period but despite this, the…
Boeing has reported second-quarter revenue of $16.7 billion, GAAP earnings per share of $0.32 and core loss per share (non-GAAP) of ($0.37), driven by lower defense volume and unfavorable performance, partially offset by higher commercial volume. Boeing recorded positive operating cash flow of $0.1 billion. “We made important progress across key programs in the second…
GE, which has recently split into three independent companies, has reported total revenue of $18.6bn for the second quarter of 2022, driven by a strong performance by GE Aerospace. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “The GE team delivered a strong second quarter…
MTU Aero Engines grew revenue by 23% to €2.47 billion in the first half of 2022 (1-6/2021: €2.00 billion). The operating profit increased by 53% from €190 million to €290 million. The adjusted EBIT margin rose from 9.5% in the first half of 2021 to 11.7% in the first half of 2022….
Pratt & Whitney Canada has announced that Daher Aircraft has selected the PT6A-140A engine to power its new Kodiak utility aircraft – the Kodiak 900. “Daher’s selection of the PT6A-140A engine for its latest Kodiak aircraft further asserts the reliability and versatility of the PT6 turboprop engine family,” said Nicholas…
Embraer has delivered 32 jets in the second quarter of 2022, of which 11 were commercial and 21 were executive jets (12 light and nine large). As of June 30, the company has delivered a total of 46 aircraft (17 commercial and 29 executive). The firm order backlog ended 2Q22…
