ROLLS-ROYCE set mid-term target operating margin of 15-17% for Civil Aerospace, up from 2.5% a year ago. It will focus on widebody and business jet markets to leverage value of Trent and Pearl while investing in future with UltraFan.
AIRBUS forecasts global commercial aircraft services market will grow from $130b in 2023 to $255b by 2042; 'maintenance' market is to grow from $108b to $210b, 'enhance' from $11b to 28b and 'train and operate' from $11b to $17b. It sees 20-year need for an additional 2.2m workers: 680,000 technicians, 59,000 pilots and 920,000 cabin crew.
U.S. startup Surf Air Mobility has partnered with Brazilian regional carrier Azul Conecta to electrify a portion of the carrier’s Cessna Caravan fleet.
HONEYWELL was selected by Emirates to supply wheels/carbon brakes for 116 A380s; under terms of the 10-year agreement, maintenance of the wheels and brakes will be performed through Emirates maintenance shops in Dubai.
ZEROAVIA was selected by UK-based Ecojet (working with MONTE) to supply up to 70 ZA600/ZA2000 hydrogen-electric engines for its regional aircraft fleet starting in 2025. Ecojet is planning '24 startup with conventionally-powered aircraft.
