Farnborough Airshow

Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment

Retrieved on: 
Monday, January 22, 2024

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces today that it has secured $50 million in committed funding from founder, majority owner and CEO, Stephen Fitzpatrick.

Key Points: 
  • Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces today that it has secured $50 million in committed funding from founder, majority owner and CEO, Stephen Fitzpatrick.
  • This funding comes at an important period for the company as it nears the completion of its second-generation, full-scale piloted VX4 prototype at GKN Aerospace’s Global Technology Centre.
  • Stephen Fitzpatrick, CEO & Founder of Vertical, said: “Since founding Vertical in 2016 I have continued to believe in the enormous potential the company has to pioneer zero carbon aviation.
  • The Company and Mr. Fitzpatrick have entered into a legally binding term sheet agreement in respect of an equity investment by Mr. Fitzpatrick.

Remark Holdings, Inc. Releases Version 1.0 of its AI-powered Video Analytics System for Aircraft Engine Inspections And Safety

Retrieved on: 
Thursday, November 30, 2023

Remark's AESIS is intended for use by airlines, airline maintenance teams, engine manufacturers, airplane manufacturers, aircraft leasing companies, insurance companies, regulators, etc.

Key Points: 
  • Remark's AESIS is intended for use by airlines, airline maintenance teams, engine manufacturers, airplane manufacturers, aircraft leasing companies, insurance companies, regulators, etc.
  • Any deviations or defects from these specifications can lead to performance, efficiency, and most importantly, safety issues.
  • Remark's AESIS 1.0 detects in real-time critical defects or damage in all types of aircraft engine turbine blades that have the potential for ablation, cracks, or other forms of damage.
  • Remark intends to demonstrate its Aircraft Engine Inspection System at the MRO (i.e.

Vertical Aerospace Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023

Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Vertical Aerospace Ltd. (“Vertical” or the "Company") (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the third quarter ended September 30, 2023.
  • Stephen Fitzpatrick, Vertical Founder and CEO, said: “This has been an excellent quarter for Vertical as we continue to progress against our certification, commercial, and testing programme.
  • This second, more sophisticated prototype includes more of Vertical’s certification aerospace partners’ technology, as well as its own in-house technology.
  • Vertical has entered “Delta Build”, the final build cycle of its proprietary battery packs for its next prototype VX4.

ASL Group doubles down on sustainable air mobility, signs agreement for delivery of six Lilium Pioneer Edition Jets

Retrieved on: 
Wednesday, May 24, 2023

ASL Group is a leading business jet operator in the Benelux, and the owner of the first electric aircraft in Belgium.

Key Points: 
  • ASL Group is a leading business jet operator in the Benelux, and the owner of the first electric aircraft in Belgium.
  • ASL Group intends to manage and operate the aircraft for its customers as part of a sustainable, high-speed network connecting major hubs across Belgium, Netherlands, Luxembourg, and Western Germany.
  • The Lilium Jet is a great opportunity to provide better value to our customers in a sustainable way.
  • ASL Group is a truly innovative company with a vision to provide the best services for its customers.

Supernal Advanced Air Mobility eVTOL Cabin Concept Wins 2023 iF Design Award

Retrieved on: 
Wednesday, May 3, 2023

WASHINGTON, May 3, 2023 /PRNewswire/ -- Supernal , Hyundai Motor Group's Advanced Air Mobility (AAM) company, announced today it won recognition from the renowned International Forum (iF) Design Award competition.

Key Points: 
  • WASHINGTON, May 3, 2023 /PRNewswire/ -- Supernal , Hyundai Motor Group's Advanced Air Mobility (AAM) company, announced today it won recognition from the renowned International Forum (iF) Design Award competition.
  • Supernal's electric vertical takeoff and landing (eVTOL) vehicle cabin concept, which the Company debuted at the 2022 Farnborough International Airshow , was awarded a product design award by a jury of international design experts.
  • Supernal created the cabin concept in partnership with Hyundai Motor Group's design studios as it works to develop its eVTOL vehicle for launch of commercial flights starting in the U.S. in 2028.
  • The concept's design embodies a "biomimicry" philosophy and the Company's pillars of safety above all, human-centered design and environmental responsibility.

Carbon Engineering receives millions in investment from Airbus and Air Canada to help accelerate scalable, affordable decarbonization solutions

Retrieved on: 
Thursday, November 17, 2022

SQUAMISH, British Columbia, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Climate solutions company, Carbon Engineering (CE), has received millions in investments from Aviation industry leaders Airbus and Air Canada.

Key Points: 
  • SQUAMISH, British Columbia, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Climate solutions company, Carbon Engineering (CE), has received millions in investments from Aviation industry leaders Airbus and Air Canada.
  • Funding part of CEs technology development efforts is a collaborative approach by Airbus and Air Canada to help accelerate scalable, affordable decarbonization solutions.
  • Airbus investment, which is made through Canadas Industrial and Technological Benefits Policy, will support workers at Carbon Engineering and provide the aviation industry with affordable solutions to reduce its carbon footprint.
  • We are thankful to Airbus and Air Canada for taking action and continuing to lead the way by helping accelerate solutions for the industry and for the climate.

Global Commercial Aircraft Turbofan Engines Market Analysis Report 2022 - Strategies & Plans, Trends & Growth Opportunities, Market Outlook & Demand Forecast through 2041 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, September 27, 2022

The "Global Commercial Aircraft Turbofan Engines Market - 2022-2041 - Market Size, Competitive Landscape & Market Shares, Strategies & Plans for Engine OEMs, Trends & Growth Opportunities, Market Outlook & Demand Forecast through 2041" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Commercial Aircraft Turbofan Engines Market - 2022-2041 - Market Size, Competitive Landscape & Market Shares, Strategies & Plans for Engine OEMs, Trends & Growth Opportunities, Market Outlook & Demand Forecast through 2041" report has been added to ResearchAndMarkets.com's offering.
  • Clearance from the FAA is likely to pave the way for restart of 787 deliveries auguring well for GE and Rolls Royce.
  • The battle of the engines in the narrow body market between CFM's LEAP vs. Pratt & Whitney's GTF is likely to be intense once again going forward with improving order intake scenario and likely production ramp-ups across Airbus & Boeing in 2023.
  • However, the biggest, upcoming growth opportunity is going to be Boeing's NSA which will most likely be a single aisle aircraft targeted at taking on Airbus' A321LR/XLR right in the middle of the market and will fill the void in Boeing's product portfolio as a replacement for the 757.

Global Commercial Aircraft Markets Report 2022: Long-term Forecasts through 2041 - Competitive Landscape & Shares, Strategies & Plans for Aircraft OEMs, Trends & Growth Opportunities, Outlook & Demand - ResearchAndMarkets.com

Retrieved on: 
Tuesday, September 27, 2022

The "Global Commercial Aircraft Market - 2022-2041 - Market Size, Competitive Landscape & Market Shares, Strategies & Plans for Aircraft OEMs, Trends & Growth Opportunities, Market Outlook & Demand Forecast through 2041" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Commercial Aircraft Market - 2022-2041 - Market Size, Competitive Landscape & Market Shares, Strategies & Plans for Aircraft OEMs, Trends & Growth Opportunities, Market Outlook & Demand Forecast through 2041" report has been added to ResearchAndMarkets.com's offering.
  • Further, the ungrounding of the 787 by the FAA has come as another shot in the arm for Boeing which now seems to be in the turnaround mode despite facing serious challenges.
  • The picture from the supply side, however, is not that pretty with the Airbus-Boeing duopoly raring to ramp up production levels especially for narrow body lines with burgeoning demand.
  • The long-term industry fundamentals, however, remain robust and firmly in place with forecasts for strong tailwinds to prevail in form of deliveries of around 40,000+ new airplanes by the industry projected over the next two decades.

Boom Supersonic Adds Global Propulsion Industry Leader to Board of Advisors

Retrieved on: 
Wednesday, September 21, 2022

DENVER, Sept. 21, 2022 /PRNewswire/ -- Boom Supersonic, the company building the world's fastest airliner, optimized for speed, safety, and sustainability, today announced that Professor Richard (Ric) Parker will serve as a senior advisor to the company's leadership. Ric will lend his deep technical, commercial, and sustainability experience as Boom industrializes the propulsion system for the Overture supersonic airliner.

Key Points: 
  • Ric will lend his deep technical, commercial, and sustainability experience as Boom industrializes the propulsion system for the Overture supersonic airliner.
  • "Supersonic flight is the next frontier of air travel, and Boom is well positioned to tap this significant market opportunity," said Parker.
  • Boom Supersonic is transforming air travel with Overture, the world's fastest airliner, optimized for speed, safety, and sustainability.
  • For more information, visit https://boomsupersonic.com
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Yocova: Boeing eyes digitalisation and services opportunities

Retrieved on: 
Tuesday, September 6, 2022

LONDON, Sept. 6, 2022 /PRNewswire/ -- Boeing recently announced more services and digital solutions contracts than it did widebody airliner contracts.

Key Points: 
  • LONDON, Sept. 6, 2022 /PRNewswire/ -- Boeing recently announced more services and digital solutions contracts than it did widebody airliner contracts.
  • The powerful optimizers allow for faster roster construction, closer to the day of operation, which support greater operational stability and opportunities to capture additional revenue."
  • Norse previously launched Boeing Mobile Logbook and is already a customer for the company's MRO management products Software Distribution Manager and Maintenance Performance Toolbox.
  • Mounir highlights that Boeing has been working closely with airlines selecting the forthcoming 777-8F cargo aircraft, using the latest digital tools.