Latest news with #CommercialAviation
Bloomberg
a day ago
- Business
- Bloomberg
Boeing Orders Surge in May as Aircraft Become Key Trade Lever
Boeing Co. scored the highest monthly order intake in more than a year, including a huge haul during President Donald Trump's trip to the Middle East, giving the US planemaker a commercial boost as it heads into the crucial Paris Air Show next week. The 303-aircraft win was Boeing's largest since December 2023, according to data on its website on Tuesday. The planemaker also delivered 45 aircraft during the month, including 32 jets from its narrowbody 737 family.
Yahoo
20-05-2025
- Business
- Yahoo
ASU showcases new aviation training facility
SAN ANGELO, Texas (Concho Valley Homepage) — Angelo State University held a grand opening ceremony for the new ASU Aviation Training Facility on Tuesday, May 20. According to ASU, the $10.2 million, 15,000-square-foot facility is located at 8450 Hangar Road on the eastern side of the San Angelo Regional Airport, 'right next to Skyline Aviation's new FBO facility, San Angelo Jet Center, where ASU student pilots undergo their flight training and where the ASU/Skyline fleet of Diamond aircraft is maintained.' The university stated that the training facility will now serve as 'the primary hub of ASU's Bachelor of Commercial Aviation (B.C.A) degree program' and has features such as: Large lobby modeled like an aircraft hangar Pre- and post-flight briefing room Large meeting room Technologically advanced classrooms Faculty offices Breakroom Advanced aircraft engine training displays Simulator Room with six industry-standard Redbird flight simulators Funding for the new ASU facility came from both public and private sources, including a $2 million federal grant from the U.S. Department of Commerce's Economic Development Administration, a $2 million local grant from the City of San Angelo Development Corporation, a $2 million gift from ASU supporter Richard Mayer and a $4.2 million gift from an anonymous donor. COSA swears in new City Council representatives 'This new facility is more than just an expansion of our program – it's a clear reflection of the university's dedication and the unwavering support of our partners and donors,' Dr. Scott Turner, B.C.A. program director, said. 'Like all the faculty and staff at ASU, we are passionate about our students' success, and this facility allows us to deliver a dynamic learning experience that prepares them for high-impact aviation careers.' The university said that it 'enrolled its first students in the B.C.A. program in fall 2021, produced its first graduates in spring 2024, a year ahead of schedule, and has now graduated over 30 students through the program.' It also said 'there are already 80 new students enrolled for the upcoming fall semester,' bringing the program's student total to around 250, which ASU reported is 'more than triple the initial programs.' On top of the growth of the aviation program's student population, the ASU/Skyline Aviation fleet of Diamond aircraft has expanded from the initial eight planes to the current 27 planes of various sizes. 'The success and advancement of our commercial aviation program has surpassed even our most optimistic expectations,' ASU President Ronnie D. Hawkins said. 'We are already graduating pilots and aviation administrators who will help fill dire needs within the aviation industry, and we will soon be graduating air traffic controllers, as well. But the continued growth of our program is essential because those industry needs are not going away, and this outstanding new facility will give us even greater forward momentum as we prepare our students for careers that matter in an industry that keeps the world moving.' The college also stated that, 'with the continued development and expansion of ASU's commercial aviation program, not only will students in the region get to stay home to prepare for fundamental roles in the aviation sector, but the program will also continue to attract even larger numbers of students from across the state and the nation.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Travel Daily News
07-05-2025
- Business
- Travel Daily News
Embraer posts strongest Q1 since 2016
Embraer delivered 30 jets in Q1 2025, posted $1.1B revenue, and maintained strong guidance with record $26.4B backlog. Embraer announced the results for thew First Quarter of 2025. The highlights are: 2025 Guidance reiterated: Commercial Aviation deliveries between 77 and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft. Total company revenues in the US$7.0 to US$7.5 billion range, adjusted EBIT margin between +7.5% and +8.3%, and adjusted free cash flow of US$200 million or higher for the year. The company highlights Q1 results were not impacted by U.S. tariffs. Revenues totaled US$1,103 million in 1Q25 – the best first quarter since 2016 – and +23% year over year (yoy). Highlight for Defense & Security revenues +72% yoy growth. Adjusted EBIT reached US$62.0 million with a +5.6% margin in 1Q25 (+0.8% in 1Q24). Adjusted free cash flow w/o Eve was US$(385.8) million during the quarter in preparation for a higher number of aircraft deliveries in the coming quarters. The company approved the payment of R$51.4 million in dividends (R$0.07 per share) related to 2024. Embraer issued a US$650 million 10-year bond at 158bp over U.S. Treasury in 1Q25 and purchased US$522 million in 2027 bonds (fully retired) and US$150 million in 2028 bonds. The company extended its debt duration to 6.3 years (3.8 years in 4Q) after the most recent liability management step and ended the quarter with a 0.5x net debt-to-EBITDA ratio, down from 1.8x yoy. Embraer delivered 30 jets in 1Q25, of which 7 were commercial jets (3 E2s and 4 E1s) and 23 were executive jets (14 light and 9 medium); +20% versus the 25 aircraft delivered yoy. Firm order backlog of US$26.4 billion in 1Q25 – surpassed the all-time historical high set in the previous quarter. A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales. Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 150 million passengers a year. Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high-value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe.
Yahoo
24-04-2025
- Business
- Yahoo
Embraer announces Q1-end backlog of $26.4B
The company states: 'Embraer (ERJ) reported a $26.4 billion backlog in the first quarter of 2025. Embraer delivered 30 aircraft in 1Q25. The result was 20% higher than in the first quarter of last year, when 25 aircraft were delivered. More importantly, 1Q25 deliveries corresponded to 13% of the midpoint of the company's full year guidance for the combined Executive and Commercial Aviation business units versus an 11% 5-year historical average for the period.' Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ERJ: Disclaimer & DisclosureReport an Issue AerCap announces Q1 business transactions Embraer Reports 20% Increase in Aircraft Deliveries for Q1 2025 Embraer's Super Tucano Chosen by Panama for National Security Enhancement Embraer S.A. Announces Digital-Only Annual General Shareholders' Meeting Sweden Acquires Four C-390 Millennium Aircraft from Embraer Sign in to access your portfolio
