United Aircraft (Russia) has announced plans to issue more than 2 trillion shares, aiming to raise approximately $5.5 billion in capital. This move is intended to strengthen the company’s financial position and support ongoing aircraft development and production programs.
Boeing has reported a challenging financial year for 2024, with a 14% drop in revenue to $66.5 billion and a net loss of $11.8 billion. In the fourth quarter, the company faced a 31% revenue decline to $15.2 billion, accompanied by a net loss of $3.86 billion.
MTU Aero Engines, a leading German manufacturer of aircraft engines, has announced the appointment of Katja Garcia Vila as its new Chief Financial Officer (CFO). She will replace Peter Kameritsch, who has concluded his contract with the company.
Spirit AeroSystems, a leading U.S. aerospace manufacturer, and Boeing have agreed to amend a prior memorandum of agreement (MOA) dated April 2024. The updated terms will postpone Spirit’s repayment of advances to Boeing until 2026, providing Spirit with additional financial flexibility.
COMAC (Commercial Aircraft Corporation of China) has announced plans to raise its production capacity for the C919 single-aisle aircraft to 50 units in 2025. This move signals the company’s efforts to solidify its position in the competitive narrow-body aircraft market, dominated by Airbus and Boeing.
GA Telesis has signed a significant long-term agreement with a prominent aerospace OEM, marking a strategic milestone in the company’s mission to enhance its global services. This partnership, effective through 2030, is poised to bolster GA Telesis’ capabilities in delivering superior component support to airlines and operators worldwide through its MRO Services division. The collaboration underscores GA Telesis’…
Embraer, a leading Brazilian aerospace manufacturer, delivered 75 aircraft in the fourth quarter of 2024, maintaining the same output as in the corresponding period of 2023. For the full year, Embraer delivered a total of 206 aircraft, representing a 14% year-over-year increase compared to 2023.
Deutsche Aircraft (Germany) has announced a significant leadership change, appointing Nico Neumann as Co-CEO, effective immediately. Neumann will share the executive role with the company’s current CEO, Dave Jackson, as Deutsche Aircraft strengthens its leadership team to support its strategic goals.
Boeing has announced the layoff of 222 members of its Society of Professional Engineering Employees in Aerospace (SPEEA) union. This latest round of job cuts is part of a broader workforce reduction initiative that began in November 2024, reflecting the company’s continued efforts to realign its workforce with operational demands.
Boeing has announced the immediate departure of Ziad Ojakli, its head of government affairs and top lobbyist. The company has appointed Bill McSherry as his interim replacement, ensuring continuity in its government relations and lobbying efforts.
