Lukas Oberhofer

Exciting news in the aerospace industry as Sonaca and Wisk join forces to propel urban air mobility forward. Sonaca’s role as a strategic supplier for Wisk’s sixth-generation autonomous air taxi marks a significant milestone in both companies’ journeys towards sustainable aviation solutions. Sonaca’s expertise will be pivotal in developing and supplying major components for Wisk’s cutting-edge aircraft. This collaboration not only underscores Sonaca’s commitment to diversification but also solidifies its position as a premier major structure supplier in the industry. Yves Delatte, CEO of Sonaca Group, expresses his enthusiasm for contributing to a sustainable future for urban air mobility. He credits Sonaca’s success to the steadfast support of Wallonia in research and innovation, highlighting the region’s crucial role in fostering technological advancements. Brian Yutko, CEO of Wisk, acknowledges Sonaca’s invaluable contributions to the Gen 6 aircraft program, emphasizing their role in developing critical structures essential for Wisk’s mission of certifying an autonomous, battery electric aircraft for commercial passenger use. This partnership not only showcases Sonaca’s capabilities but also propels the aerospace industry towards more sustainable aviation practices. Sonaca’s commitment to innovation and collaboration with visionary partners like Wisk exemplifies its dedication to shaping tomorrow’s aviation landscape. Follow our blog to delve deeper into this exciting partnership and learn more about the cutting-edge advancements driving sustainable aviation. #AvfoilNews #Sonaca #WiskAero #UrbanAirMobility #SustainableAviation

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The FAA has published its Congressionally mandated report on its Organisation Designation Authorisation (ODA) granted to Boeing. For those unfamiliar with the FAA regulatory system, the ODA allows the company to perform some airworthiness designee authority on their own where the FAA would be performing otherwise. This is comparable to the EASA system of Design Organisation Approvals. This report examines the influences within Boeing's corporate culture on the company's safety culture. Its conclusion directly ties several decades of corporate decisions making to an erosion in aircraft safety. Most damning is the observation that there is no objective evidence of a foundational commitment to safety that matched Boeing's description as its highest priority objective. The lessons learnt within the report are applicable to the much broader business context. Values drift and standards erode through a long process of normalising deviance. It is easy to couch each incremental corporate decision as one made in the company's best interests. It is over a long span of time that this becomes obvious. Ethical erosion occurs over time and the lessons of Boeing should be a reminder to us all.

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Archer Aviation recently announced its operating and financial results for Q2 ending June 30th, 2024, reports a press release. Within this report, the company explains the key terms of its contract manufacturing relationship with Stellantis. In addition to the nearly USD300 million, the car company has previously invested to date, including USD55 million in July, Stellantis is planning to fund the following to help ensure Archer achieves its manufacturing goals. - Manufacturing Costs - It is to fund up to USD370 million of the anticipated manufacturing labour costs necessary to support Archer’s planned ramp up to 650 aircraft annually. In exchange, the company is to receive Archer shares on a rolling quarterly basis, based on the total labour costs incurred in a particular quarter alongside the then current future stock price. - Manufacturing CapEx — Additionally, Stellantis will contribute the identified initial incremental manufacturing capital expenditures for the initial ramp of Midnight production, estimated to be up to USD20 million. Archer’s goal with this relationship is to incentivise the car company to help achieve the planned production ramp and unit cost targets. Therefore, Archer intends to issue Stellantis USD30 million of performance warrants based on the achievement of certain performance milestones under the contract manufacturing relationship. Archer’s issuance of any equity to Stellantis pursuant to this contract manufacturing relationship is expected to be subject to approval by stockholders. Visit our blog to read the full text. #AvfoilNews #ArcherAviation #eVTOL #SustainableAviation #FutureOfFlight #AirMobility #AviationTechnology #Stellantis #InvestInInnovation #UrbanAirMobility #ElectricAviation

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Val Miftakhov, Founder and CEO, ZeroAvia said, “Today we set forth plans that detail how we are going to bring our engines to market for commercial aircraft as well as the additional market potential in components generated by our pursuit of aerospace applicable fuel cell and electric propulsion technologies. We intend to secure as much market share for commercial aviation propulsion systems as possible as this will enhance shareholder value and ensure we deliver in tackling climate impact in the sector. While the market for our powertrains is thousands of engines across commercial aircraft, there will be other applications that are not strategically aligned with our full engine offering, but where our technologies can play a major role in the supply chain for other OEMs. And with the opening of the new facility today, we are also able to show ZeroAvia’s growth from ambitious startup into a clean aerospace manufacturing powerhouse, with a production site officially opened in Everett. The future is bright for clean flight, Washington State!” Mark Townsend MRAeS Daniel Routier James Peck Oli Watts Eric Matteson Natalie Bruce Peter Gallen Julieta Diederichsen, MSc Fiona McKay, MA MSc PCC #HTPEM #HyperCore900kW #LTPEM #PowerCell #ZA2000 #ZA600 #ZeroAvia #aviationspace #aviation #aviationsector #sustainableaviation #aircraft #commercialaircraft #aerospace #aircraft #flight #OEM #hydrogenaviation #aviationtechnologies #aviation #aerospaceinnovation #aviationnews #mro #mronews #mrosector #aviationinnovators Read More - https://lnkd.in/dhrbtaCJ

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The heading "Commercial aircraft demand outpaces production as manufacturers struggle to keep up," could be considered somewhat misleading. The "struggle" is disproportionate among #aircraftmanufacturing sources. For example, Airbus has delivered more commercial aircraft to the #aviation community than Boeing for the past 2 years, and at a slightly higher year-over-year growth rate. Plus, Airbus is now outpacing Boeing in new orders. One of the more significant drags has been the tempo Boeing has exhibited processing its large order backlog amid various ill-timed delays to its 737 production and upgrade lines (the 737 platform being the supermajority of Boeing's airframe sales). Further, the market is aware that FAA directives limited Boeing's rates to permit increased quality system scrutiny and inspection activity. In the meanwhile, loyal #supplychain members have maintained the capability to meet increased delivery requirements and help all aircraft manufacturers close the gap that this burgeoning consumer demand has influenced. #AS9100 quality certified #aerospaceparts manufacturers like #KLINGERIGI diligently support #aerospace OEM and Tier 1 assembly and component suppliers. And we stand ready for a time in the near future when Boeing's production rates will rebound. All that said, it's good news that the markets for new and refurbished aircraft are still growing at a high rate. Forecasts for 2024 are encouraging as global aviation activity continues its march to and past pre-pandemic levels, and as record numbers of airliners are being ordered to match that growing travel demand with more fuel-efficient and ergonomically satisfying aircraft. #klinger https://lnkd.in/eewhukXf

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Boeing has announced the appointment of Robert "Kelly" Ortberg as its new CEO, following a significant loss in the second quarter. Ortberg, with extensive experience in the aerospace industry, will take charge as the aircraft manufacturer seeks to recover from safety and quality control issues. He will assume the role on August 8th, replacing Dave Calhoun, who is set to depart the company later in the year.    In addition to the CEO announcement, Boeing released its second-quarter results, which fell below analysts' expectations. The company reported a net loss of $1.44 billion, influenced by lower deliveries of commercial aircraft and various challenges within its defense business. Revenues also declined by 14.6% to $16.9 billion. Boeing continues to face the consequences of supply chain difficulties, escalating engineering costs, and technical problems. Source: https://lnkd.in/gfMb4h6T #boeing #boeingceo #aviationnews

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Bill Johnson, to some extent such strong public sentiment against an eAircraft surprised many (too much focus on greener & quieter and not on whether or not public perceive that airtaxis are elitist?), but I believe Volocopter management were naive in thinking they could type certify a new aircraft, of a aircraft type with the first passenger multicopter only type certified late last year in China 5 years after first flight, under a yet to finalised and promulgated SC-VTOL certification specifications, in just over two years from first flight, in time for an Olympic entry into service. Paris 2024 - Comité d'organisation des Jeux Olympiques et Paralympiques de 2024 https://lnkd.in/dUVN7iCQ

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#PropellingTheFuture: Isar Aerospace Secures $20M to Revolutionize Satellite Launch Services Isar Aerospace has secured $20M in growth debt funding from ATEL Ventures, Inc. This infusion of capital is set to accelerate the production of their Spectrum launch vehicle, promising to redefine the market dynamics for small and medium-sized satellite launches. Strategic Impact and Market Dynamics: 🌌 Market Shifts and Competitive Responses: The influx of capital will enable Isar Aerospace to enhance its production infrastructure, potentially reducing launch costs and increasing launch frequency. This could disrupt the current market, compelling established players like SpaceX and Rocket Lab to reassess their strategies and pricing models. 🌌 Synergies and Strategic Alignment: Founded as a spin-off from Technical University Munich, Isar Aerospace leverages a robust foundation of academic and practical expertise. The strategic alignment with ATEL Ventures not only provides financial backing but also validates Isar Aerospace's business model and growth trajectory. Innovation and Technological Advances: 🛰️ Redefining Industry Standards: Spectrum's design focuses on cost-efficiency, reliability, and rapid deployment. By optimizing the production process and leveraging advanced manufacturing techniques, Isar Aerospace aims to set new benchmarks in the satellite launch sector. 🛰️ Future Growth and Competitiveness: The technological advancements embodied in Spectrum are expected to drive future growth for Isar Aerospace. As satellite technology continues to advance, the demand for flexible and cost-effective launch solutions will increase. Investor Insights and Recommendations: 📈 Emerging Investment Opportunities: The satellite launch sector is ripe for investment, particularly in companies like Isar Aerospace that are innovating to meet the needs of small and medium satellite operators. 📈 Risk Management and Strategic Positioning: While the potential for growth is significant, investors should also be mindful of the risks associated with the highly competitive and capital-intensive nature of the aerospace industry. As Isar Aerospace propels forward with its ambitious plans, the satellite launch industry stands on the cusp of transformative change. The infusion of $20M in growth debt funding is not just a financial milestone; it is a catalyst for innovation and market evolution. Investors and industry stakeholders alike should keep a keen eye on Isar Aerospace as it charts a course towards a new era in satellite launch services. Read More: https://lnkd.in/e-_tXDDr #IsarAerospace #SatelliteLaunch #SpaceInnovation #MarketUnwinded #InvestmentTrends #AerospaceIndustry #SpectrumRocket #ATELVentures

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Good morning "With a little help from my friends" seems to be the tunes in eVTOL. The race to EIS and production is on-going and even though there are doubters and critics out there, I think that the link with automotive manufactures such as Stellantis for Archer and Toyota for Joby is a token of a good idea. If the ramp-up will follow for a vehicle taking four persons and to be manufactured(allegedly) with such a high rate, then automotive pitch is probably needed in the industrialization. https://lnkd.in/dfQ-NC59

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