Embraer expects to expand output both in its commercial and executive jet businesses in 2022 in an effort to compensate revenue shortfalls in its struggling defense business, hit by a reduction of Brazil’s KC-390 military transport order.
The FAA has finalized rules mandating inspections and modifications for Pratt & Whitney-powered Boeing 777s, completing a year-long process to develop fixes that address issues spotlighted in three engine failures and get grounded aircraft back into service.
Cargo activity is continuing to boom despite slower January growth, with DHL Express placing an order for six additional Boeing 777Fs, Air Transport Services Group (ATSG) inducting its first A321 conversion and Ethiopian Airlines agreeing to a new multimodal air-sea partnership with two companies in Djibouti.
Lessor Air Transport Services Group (ATSG) has committed to nine more conversion slots for the A330 Passenger-to-Freighter (P2F) with Elbe Flugzeugwerke (EFW), the conversion joint venture between ST Engineering and Airbus.
Engine maintenance activity continues to increase as airlines ramp up flying and return more aircraft to service in response to rising passenger demand, with both fourth-quarter (Q4) 2021 and early 2022 figures from some key stakeholders highlighting continued recovery.
Revenue for ST Engineering’s aerospace segment in 2021 grew 6% year-on-year, which the company attributed to robust freighter conversion and aircraft maintenance demand.