Surf Air Mobility is the latest publicly traded AAM startup to be threatened with delisting after its share price fell below $1 for 30 consecutive days.
Embraer and Singapore’s ST Engineering say they will expand their collaboration in defense beyond the service and engineering of the C-390 transport aircraft.
The need for more production investment, ongoing supply chain issues and maintenance capacity concerns are all refraining Safran's CEO from pursuing a higher market share of Airbus A320neo powerplants.
The contract covers all 36 Leap 1Bs operated by group carriers Lion Air, Batik Air, Batik Air Malaysia and Thai Lion Air in Indonesia, Malaysia and Thailand.
Singapore-headquartered maintenance, repair and overhaul company ST Engineering secured SG$2.3 billion ($1.7 billion) in contracts in the second quarter.
As business in the commercial aftermarket is continues to pick up, MROs double down on building supply chain and capacity readiness to meet growing demand.