Aerospace News – Early August 2024

Aerospace manufacturer AVPE Systems has increased shop floor uptime by 30% since implementing FourJaw manufacturing analytics.

Part of the Broadway Group, AVPE supplies aerospace customers in the UK, Europe and Asia with complex machined components. It specialises in airframe and landing gear parts and machining castings, forgings and 3D printed parts. https://www.qimtek.co.uk/news/engineering-capacity/analytics-boosts-productivity

Earnings at Airbus fell by more than half due to a huge write-down in its space operations.  Adjusted earnings before interest and taxes (EBIT) fell by 56% to €814m £686m in the period to June.

The aerospace giant said its space unit had received “significant” charges of €989m, higher than previously forecast last month.  Airbus reported revenues of € 28.8bn in the first six months of the year. https://www.thebusinessdesk.com/northwest/news/2137322-earnings-plunge-by-almost-half-at-aerospace-giant?utm_source=newsletter&utm_medium=email&utm_campaign=NorthWest_31st_Jul_2024_Daily

Rolls-Royce is to give every employee shares worth about £700 in the company following a revival.  The engineering giant announced in an internal memo that it would gift 150 shares to its 42,000 workers worldwide.

The news comes after the Derby-based company, which makes jet engines, announced profits of £1.1bn in the first half of this year, almost double what it made over the same period in 2023. https://www.bbc.co.uk/news/articles/c51y1eqpqwxo

Aircraft manufacturer, Airbus, has received an order for 30 of its A330-900 widebody planes from Hong Kong’s Cathay Group.  The newly ordered aircraft will enable Cathay to modernise its earlier generation A330-300 fleet and expand its operations on high-capacity regional routes. https://www.thebusinessdesk.com/northwest/news/2137666-airbus-wins-cathay-order-for-30-a330-900-widebody-planes?utm_source=newsletter&utm_medium=email&utm_campaign=NorthWest_7th_Aug_2024_Daily

Aircraft manufacturer, Airbus, has received an order for an additional 10 A220-300 planes from airBaltic, taking its total order for aircraft to 90. https://www.thebusinessdesk.com/south-west/news/15559-latvian-flag-carrier-increases-order-for-airbus-aircraft?utm_source=newsletter&utm_medium=email&utm_campaign=SouthWest_14th_Aug_2024_Daily