Galliot’s Post

I found this post particularly enlightening. We are in the era of #AI, where technology often becomes the ultimate goal for many products and businesses. However, technology should be a vehicle, not the destination. Sometimes, fascination with technology leads to designing high-tech products that fail to serve their intended purpose. The Concorde is a prime example of this—a technological marvel in its time, yet commercially unsuccessful. It serves as a crucial lesson for anyone developing a digital product. #productdevelopment

Airbus enters agreement with Spirit AeroSystems Airbus SE has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus, notably the production of A350 fuselage sections in Kinston, North Carolina, U.S., and St. Nazaire, France; of the A220’s wings and mid-fuselage in Belfast, Northern Ireland, and Casablanca, Morocco; as well as of the A220 pylons in Wichita, Kansas, U.S. With this agreement, Airbus aims to ensure stability of supply for its commercial aircraft programmes through a more sustainable way forward, both operationally and financially, for the various Airbus work packages that Spirit AeroSystems is responsible for today. The transaction would cover the acquisition of these activities. Airbus will be compensated by payment of $559 million from Spirit AeroSystems, for a nominal consideration of $1.00, subject to adjustments including based on the final transaction perimeter. Entering into definitive agreements remains subject to an ensuing due diligence process. Whilst there is no guarantee that a transaction will be concluded, all parties are willing and interested to work in good faith to progress and complete this process as timely as possible. #Airbus #SpiritAeroSystems

✈ Three years ago, #AirbusAtlantic chose Portugal 🇵🇹 to set up a new factory in #SantoTirso, #Portugal, where it began producing fuselage panels for the A320 and A350 aeroplanes. By the end of 2023, the factory already employed 240 people, and this year, it will receive two more components for the A320's forward fuselage. For the company's CEO, Eric Belloc, 'supporting this increase in production is a priority'. The Airbus Atlantic plant in Santo Tirso has quickly become one of the leading aeronautical references in Portugal. 'The results are positive. We have achieved our growth targets – 240 jobs by the end of 2023 – and our investment targets. We continue to expand and should have around 330 employees by the end of 2024,' predicts Eric Belloc. 🚀 📈 Airbus' success in Portugal is directly related to the success of the #A320 family of aircraft, whose production continues to increase. For this reason, the Santo Tirso factory will receive two other components for the front fuselage of the aeroplanes later this year. 🔗 Read the full article ⬇ https://lnkd.in/gVK82ZT2 #MadeInPortugal #BuyFromPortugal #InvestInPortugal #BusinessMatchMaking #PortugalOpenForBusiness #AICEP

Airbus Opens Dedicated Aircraft Lifecycle Center In China

The biggest threat to aviation safety is this concept moving forward. I fail to understand how this is exciting development! All the crew cross communication training focused on the importance of that aspect in aviation safety. This development undermines that on many levels. I wonder how that will be addressed?

The aircraft seat refurbishment market is a subset of the aircraft refurbishing market, which was valued at $500.8 million in 2022 and is expected to grow at a CAGR of 5.3% during the forecasted period (2023-2030) ¹. Key market drivers include: - The growing appeal of premium economy class - The increasing demand for VIP refurbishment of aircraft - High growth in conversion into freighter from passenger aircraft - The development of advanced technologies Key market players include: - BE Aerospace (USA) LLC - Diehl Aviation - Gulfstream Aerospace - Hong Kong Aircraft Engineering Company Limited - Jamco America - Jet Aviation - Lufthansa Technik - Sabreliner Aviation LLC - Safran - SCI Cabin Interiors - Singapore Airlines - United Technologies - Zodiac Aerospace

IndiGo’s recent firm order for 30 Airbus A350-900 aircraft, with an option for 70 more, is a big move for Indian aviation and a fascinating development for anyone interested in the industry. This brings IndiGo's total aircraft commitment to nearly 1,000 planes, signaling not just growth but also a bold vision for the future. The A350s are expected to start arriving in 2027, which will give IndiGo a significant boost in both capacity and range, helping it to expand further internationally. The presence of top executives from IndiGo, Airbus, and Rolls-Royce during the signing highlights the strategic importance of this deal. What's exciting here is not just the expansion but how it aligns with IndiGo’s strategy to meet the growing demands of the Indian market and support the government's ambition to make India a global aviation hub by 2030. With this move, IndiGo is set to take its operations to the next level, promising an exciting future for travelers and the aviation sector. Looking forward to seeing how this plays out! #Aviation #IndiGo #AirbusA350 #TravelUpdate

What's New to The Street... 🌍✈️ Airbus has announced that it will miss its plane-delivery goals for this year due to unforeseen technical challenges. The company is set to book charges amounting to €900 million in the first half of 2024. 🔧🔍 What are your thoughts on the impact of these challenges on the aviation industry? Share your insights below! ⬇️🛫 ` 👉🏻Follow New To The Street for more! #airbus #aviationnews #technicalchallenges #travel2024 #businessnews #business #news #newtothestreet

What's New to The Street... 🌍✈️ Airbus has announced that it will miss its plane-delivery goals for this year due to unforeseen technical challenges. The company is set to book charges amounting to €900 million in the first half of 2024. 🔧🔍 What are your thoughts on the impact of these challenges on the aviation industry? Share your insights below! ⬇️🛫 ` 👉🏻Follow New To The Street for more! #airbus #aviationnews #technicalchallenges #travel2024 #businessnews #business #news #newtothestreet

Since the last Singapore Airshow in 2022, companies have committed to investing over S$750 million across over 10 projects, over the next three to five years. The industry is set to hire over 2,500 job roles in the same time period to support business expansion plans including these investments. Many of these projects were announced on the sidelines of the Singapore Airshow. The projects span various areas, from manufacturing, MRO, innovation and sustainability. Recap of the announcements: 1. Embraer, CAE launch E-Jets E2 first full flight simulator in Asia-Pacific 2. Eagle Services Asia launches expanded facility in Singapore 3. Singapore Aero Engine Services to almost double MRO presence in Singapore 4. Safran Electrical & Power to open new facility 5. Airbus champions Sustainable Aviation Hub in Singapore 6. Supernal to focus on advanced air mobility from Singapore 7. Thales to set up Avionics Centre of Excellence 8. GE Aerospace invests S$15 million in Smart Factory for engine component MRO 9. Barnes Aerospace expands Singapore facility 10. Pratt & Whitney expands manufacturing & enhances MRO capabilities in Singapore https://lnkd.in/gRG8bmFV