Bombardier has announced the resolution of its long-standing lawsuit against Honeywell International (US). Initially filed in 2016 in the Superior Court of Quebec, the dispute has now been settled through an agreement whose terms remain confidential.
Airbus has achieved a significant milestone, delivering more than 80 aircraft in November 2024, according to industry sources. This sharp increase in deliveries supports the manufacturer’s ambitious goal of delivering 770 jets for the entire year.
Embraer has finalized the implementation of its ONEChain Program, a transformative initiative designed to enhance the management of its supply chain. This program is a key element of the company’s growth strategy, leveraging digital transformation to streamline operations and improve efficiency across the supply chain.
StandardAero, a leading aerospace maintenance and repair organization (MRO) based in the US, has reported a 13.2% year-over-year increase in revenue for the third quarter (Q3) of 2024, reaching $1.24 billion. The company also posted a net income of $16.4 million, reflecting its ability to sustain profitability while managing operational growth. Capital expenditures (CapEx) during the quarter amounted to $25.3 million, while cash reserves…
Embraer, the Brazilian aerospace manufacturer, is exploring the possibility of launching a new commercial airplane program, with potential investment support from Saudi Arabia’s Public Investment Fund (PIF). This development marks a strategic shift in Embraer’s search for partners, moving its focus from Asia to the Middle East, as it seeks funding and collaboration to advance its aviation ambitions.
CAE has announced that its President and CEO, Marc Parent, will be leaving the company at its Annual General Meeting in August 2025. Parent’s departure is part of an ongoing succession plan designed to ensure a smooth leadership transition for the Canadian aerospace and training company. Parent has been a pivotal figure in CAE’s growth and innovation, leading the company through transformative…
Boeing has commenced the process of issuing layoff notices to 17,000 of its employees, a move set to reduce its workforce by 10%. This reduction comes as part of Boeing’s strategic efforts to stabilize its finances amid significant challenges impacting the aviation industry, particularly due to the reduced demand for air travel and aircraft orders…
Boeing machinists have voted to accept the company’s latest contract offer, officially ending a strike that began on 13 September 2024. The new contract, which promises a 38% pay increase spread over four years, addresses key demands and reflects Boeing’s commitment to reaching a fair and equitable agreement with its workforce. This development brings a…
Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting…
