Bank of America lowered its price target for Airbus from EUR 259 (USD 300.62) to EUR 255 (USD 295.98), while maintaining a ‘Buy’ rating, citing rising aluminium supply costs. The price revision follows supply disruptions linked to strikes by Iran, which damaged aluminium plants in the United Arab...
December 1 witnessed the Airbus AIR market shares dropping 6 per cent due to a quality-control problem in the aluminium fuselage panels on a large number of A320 jets. This resulted in the uncertain conditions currently faced by the affected fleet until the issue is resolved. Image for referential...
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Novelis Inc., the world’s renowned aluminium rolling producer and recycler and a leading sustainable aluminium solutions provider, announced on Thursday, July 21, that it signed a Cooperation Research Agreement with Airbus to develop a tighter collaboration for more advanced aluminium solutions for...
Aidro, a subsidiary of Desktop Metal that creates and markets 3D printing systems, has become a qualified supplier of Leonardo Helicopters' additively manufactured aluminium flight parts. As one of only two suppliers, Aidro received Leonardo's Declaration of Qualification for Additive Layer...
Aeropods, a company run by businessmen Kevin Regan and Shane Thornton hailing from Leitrim has introduced a phenomenal idea of turning old aeroplanes into living pods for human occupation. The duo has a water services company but this particular business is bringing in the bucks for them as the...
The defence PSU Yantra India Limited (YIL) is also considering setting foot in the manufacturing of aircraft's parts, typically from producing cartridges and shells for the military previously as a foregoing ordnance factory. The Nagpur, Maharashtra headquartered PSU, YIL was formed after the...
In the south-eastern European nation, Romania, a total of four aluminium component manufacturers for global aerospace organisations like Airbus, Boeing and Bombardier, which are managed by the Swiss group Montana Tech Components AG, is highly depressed, as their energy provider has forced them to...
Elval, ElvalHalcor's Aluminium Rolling Division was certified against the AS9100 standard after meeting all of the standard's requirements and receiving extremely favourable feedback from the assessors. AS9100 is one of the most recent standards developed by the International Aerospace Quality...
On 11 th October 2021, the European multinational aerospace corporation, Airbus initiated the production of the introductory aluminium panel skin for the Skynet 6A military communications satellite at its facility in Stevenage, on an occasion in the presence of the UK’s minister of defence...
In the global aluminium end-user segment, the week resembled DGTR -India endorsing finance ministry to impose anti-dumping duty on aluminium foil imports from China, Malaysia, Thailand and Indonesia. While in North Wales, Airbus and Magellan Aerospace deal for aluminium and titanium structural wing...
The announcement of a contract extension between Airbus and Magellan Aerospace (UK) is considered as a move that should foster the North Wales sites. The deal will realize the supply of aluminium and titanium structural wing components from Magellan UK’s facilities throughout Europe and India. The...
Thyssenkrupp Aerospace, the customized global supply chain solutions for the aerospace industry and Dynamatic Technologies Limited (DTL), an Indian company involved in precision engineering are reinforcing their partnership, which commenced in 2006, with an expanded framework agreement. In the next...
Nasmyth, a global supplier of precision engineering solutions and metals has signed a multi-million-pound contract with Incora, the global provider of innovative supply chain solutions to the aerospace and other industries, will manufacture precision engineered components for multiple platforms...
Constellium announced that the company will present at the Deutsche Bank 11th Annual Global Industrials & Materials Summit. Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer, will participate in the virtual Deutsche Bank Global...
It’s now been over a year since IAG Cargo, the cargo handling division of International Airlines Group took delivery of the A350-1000, the latest reprisal of the future-facing, wide-body aircraft from Airbus. The aircraft A350-1000 made from a combination of carbon composites, titanium and...
Constellium announced that the company will present at the Deutsche Bank 11th Annual Global Industrials & Materials Summit. Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer, will participate in the virtual Deutsche Bank Global...
Constellium has signed a multi-year contract with Airbus for the supply of advanced aluminium rolled and extruded products, including wing skin panels, sheets for fuselage panels, and rectangular and pre-machined plates for structural components. The new 10-year agreement supports all Airbus...
The head of German Aerospace Industries Association (BDLI) has sent a warning that many of the country’s SME suppliers could run out of business unless Airbus maintains at least half its pre-crisis output over the next two years. Volker Thum, Managing Director of BDLI said: “Germany’s aerospace...
The aerospace manufacturers keep pursuing to identify news paths to soar product capacities and performance, while concurrently achieving determined goals for fuel efficiency and sustainability. Alvant, an organization specialised for the design, development, testing and manufacture of Aluminium...
On 8 th April’20, Airbus, Europe’s largest manufacturer, has announced that it will drop aircraft production of its core three aircraft models by roughly a third. The aircraft manufacturer has stated clearly that it will steeply cut production from the bestselling A320 single-aisle jet to 40 per...
