Jet2 has struck an agreement with Airbus to purchase 36 new Airbus A321 neo aircraft, and has also agreed flexibility to extend this order up to 60 aircraft. The firm ordered aircraft deliveries stretch over five years until 2028, and at current prices represent a value of about $4.9bn/£3.6bn, with a total transaction value for up to 60 aircraft of roughly $8.1bn/£5.9bn. Leeds-headquartered Jet2 says it has negotiated significant discounts from the list price for these aircraft. https://www.thebusinessdesk.com/yorkshire/news/2080750-jet2-agrees-to-acquire-up-to-5.9bn-worth-of-new-aircraft?utm_source=newsletter&utm_medium=email&utm_campaign=Yorkshire_31st_Aug_2021_Breaking   Read more

The global impact of the COVID pandemic has been dramatically felt by the global aerospace sector, which almost overnight suffered a catastrophic collapse in demand, which resulted in an 80% decline in air traffic and over 60% of the global airline fleet grounded. The impact on the airlines and its key component supply chain has been immediate and is expected to remain in place for some time. With a rebound expected in 2021 and 2022—and forecast demand only expected to hit pre-pandemic ... Read more

Airbus has picked up the pace for aircraft deliveries in March. The European aircraft manufacturer delivered a total of 72 aircraft to a range of airlines from Aer Lingus to Wizz Air UK. Most airlines only took one plane this month, with only nine customers taking three or more aircraft. Both of the world’s major aircraft manufacturers saw a decrease in demand for new aircraft deliveries in 2020. This was due to many airlines having to ground most of their fleets. After ... Read more

Work on the first UltraFan module is underway at the firm’s DemoWorks facility in Derby. The demonstrator engine, which has a fan diameter of 3.56m, will be completed by the end of the year. The engine could be the basis for a new family of engines able to power both narrow body and wide body aircraft. Rolls-Royce said it will deliver a 25% fuel efficiency improvement compared with the first generation of Trent engine, which first ran 31 years ago. That efficiency boost ... Read more

Aerospace R&D projects aimed at boosting efficiencies, creating jobs, and driving green innovation across the plane manufacturing sector are among successful bidders sharing £90m of new backing from the UK government, which claimed the funding would help the wider industry "build back greener" from the Covid-19 crisis. The government announced five projects on Friday which would share the new funding, as part of a package it claimed could secure 1,400 jobs across the stricken aerospace and aviation sector, which has been hit ... Read more

Boeing has renewed its longstanding relationship with the University of Sheffield Advanced Manufacturing Research Centre (AMRC) with an agreement that will continue two decades of innovation and collaboration for another five years. The renewed Tier 1 partnership extends the world’s largest aerospace company’s access to the research and development capabilities of the AMRC, which it jointly founded with the University of Sheffield in 2001. Alongside Boeing, the Rotherham-based centre currently has more than 120 industrial partners including Rolls-Royce, McLaren Automotive, Siemens and BAE ... Read more

Rolls-Royce has completed the first engine run on its state-of-the-art Testbed 80, which will be the largest and smartest indoor aerospace testbed in the world when it is officially opened in the coming months https://www.thebusinessdesk.com/eastmidlands/news/2044592-rolls-royce-marks-landmark-on-90m-testbed?utm_source=newsletter&utm_medium=email&utm_campaign=EastMidlands_15th_Jan_2021_Daily Read more