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Aerospace Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Major companies in the aerospace market include The Boeing Company; Airbus; Lockheed Martin Corporation; General Dynamics Corporation and Northrop Grumman Corporation. The global aerospace market is expected to grow from $298.

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New York, Feb. 01, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Aerospace Global Market Report 2021: COVID 19 Impact and Recovery to 2030” – https://www.reportlinker.com/p06018925/?utm_source=GNW
01 billion in 2020 to $327.96 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $430.87 billion in 2025 at a CAGR of 7%.

The aerospace market consists of sales of aerospace equipment (including aircraft) by entities (organizations, sole traders and partnerships) that produce commercial aircraft, undertake aircraft maintenance, repair and overhauling services, and produce support and auxiliary equipment, such as radar, air traffic control towers and satellites for civilian purpose. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. This industry also includes companies that provide modifications or conversions, repair, parts replacing, and complete overhauling and rebuilding of commercial aircraft. The types of aircraft manufactured by companies in this industry include gliders, helicopters, drones, ultra-light aircraft, passenger aircraft and private jets. The aerospace market is segmented into commercial aircraft; aircraft maintenance, repair and overhauling services and aerospace support and auxiliary equipment.

North America was the largest region in the global aerospace market, accounting for 50% of the market in 2020. Asia Pacific was the second largest region accounting for 22% of the global aerospace market. Eastern Europe was the smallest region in the global aerospace market.

Helicopter manufacturing companies are increasingly using parts produced with carbon fiber reinforced plastics composite (CFRP) material as this material provides higher strength to helicopter parts than conventional metal parts. CFRP materials enhance strength and lower weight of helicopters and offer higher corrosion resistance. These properties enable helicopters to handle higher loads. Major helicopter manufacturers using CFRP materials include Airbus, Boeing and Sikorsky.

Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve aircraft safety and quality, and to improve manufacturing productivity. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision making. These technologies optimize manufacturing operations and lower costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases components’ lives and reduces maintenance costs. Boeing has successfully built machine-learning algorithms to design aircraft and automate factory operations.

The overall economic growth of the emerging economies is expected to positively impact the commercial aircraft manufacturing market. Rising disposable income, a result of the economic growth, in emerging markets had a positive impact on the demand for air travel. The International Monetary Fund (IMF) predicts that the global GDP growth will be 5.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments for nation’s security, thereby driving the aerospace market during forecast period.

Read the full report: https://www.reportlinker.com/p06018925/?utm_source=GNW

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ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Source: https://www.globenewswire.com/news-release/2021/02/01/2167455/0/en/Aerospace-Global-Market-Report-2021-COVID-19-Impact-and-Recovery-to-2030.html

Aerospace

A cohort of industry super funds has made a $22 billion takeover bid for Sydney Airport

Sydney Airport has received a non-binding takeover offer from a cohort of industry superannuation fund investors looking to capitalise on the pandemic-induced weakness in the aviation sector.

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Sydney Airport has received a non-binding takeover offer from a cohort of industry superannuation fund investors looking to capitalise on the pandemic-induced weakness in the aviation sector.

ASX-listed Sydney Airport said a consortium comprising the industry super sector’s asset manager, IFM Investors, QSuper and North American pension funds Global Infrastructure Management have lobbed a bid that values the company at more than $22 billion.

At a price of $8.25 a share the offer is at a 42 per cent premium to Sydney Airport’s closing price on Friday of $5.81.

Sydney Airport’s board said it would assess the proposal, but also pointed out that it valued the airport at less than its pre-COVID valuation, and stressed the damage caused by the pandemic would be short-term.

“The Sydney Airport Boards note that Sydney Airport is a world class airport and one of Australia’s most important infrastructure assets. Sydney Airport is Australia’s largest airport and is the gateway to international travel in and out of Australia,” it said.

“The indicative proposal has been made during a global pandemic which has deeply affected the aviation industry and the Sydney Airport security price. The indicative price is below where Sydney Airport’s security price traded before the pandemic,” it said.

In early trading, Sydney Airport shares surged 32 per cent to $7.58.

IFM Investors manages more than $150 billion in assets, and is owned by superannuation giants including Australian Super, Cbus, HESTA and Hostplus.

Sydney Airport is already about 15 per cent owned by UniSuper, another major industry super fund. A condition of the bid is that UniSuper reinvest its interest in the airport for an equivalent interest in the consortium’s holding vehicle, rather than receive cash for its stake.

The bid is also subject to other conditions, including the consortium being able to conduct due diligence.

IFM already owns 25 per cent of Melbourne Airport, 20 per cent of Brisbane Airport, 13 per cent of Adelaide Airport, and a stake in Perth Airport, which are all unlisted.

This story originally appeared in the Sydney Morning Herald. Read the original story here.

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“The Sydney Airport Boards note that Sydney Airport is a world class airport and one of Australia’s most important infrastructure assets. Sydney Airport is Australia’s largest airport and is the gateway to international travel in and out of Australia,” it said.

Source: https://www.msn.com/en-us/travel/news/a-cohort-of-industry-super-funds-have-made-a-22-billion-takeover-bid-for-sydney-airport/ar-AALLWAg

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Aerospace

Aviation Blade Services, Inc. Announces S-70 Main and Tail Rotor Blade Maintenance Training and Services Partnership with the AMS Group and Air Asia

KISSIMMEE, Fla., June 25, 2021 /PRNewswire/ — Aviation Blade Services, Inc. (‘ABS’), a wholly owned subsidiary of First Aviation Services Inc., a…

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KISSIMMEE, Fla., June 25, 2021 /PRNewswire/ — Aviation Blade Services, Inc. (“ABS”), a wholly owned subsidiary of First Aviation Services Inc., announced today the commencement of a multi-year Inspection and Repair Training and Maintenance contract to support Main and Tail Rotor Blade repair for the Taiwanese fleet of S-70/UH-60 rotorcraft. The partnership with AMS Group and Air Asia Company Limited (“AACL”) is another significant milestone for Aviation Blade Services in supporting operators worldwide.

ABS General Manager John Brennan commented “We are excited to continue growing our footprint with foreign military operators of the Blackhawk and Seahawk by expanding our longstanding relationship with the AMS Group and AACL. The training and service partnership allows AACL to support fleet readiness in country and reduce turnaround times (TAT) by leveraging ABS’s industry leading technical capabilities.”

AMS Group SVP, Business Development, Dr. Matthew Wentzel states “AMS Group is extremely excited to expand our partnership with ABS to enhance the AACL Vertical Flight Center’s current in-country Depot Level S-70/UH-60 Rotor Blade maintenance capabilities. AMS and ABS are collectively committed to provide AACL with on-going training, engineering consultation and maintenance support to sustain the ROCN and ROCA S-70/UH-60 fleets mission readiness requirements.”

AACL VP, Tsai, Sung-Lin stated “The AMS and ABS partnership has demonstrated dedicated customer support, competitive cost/TAT options, technical capability and a reputation for quality support and services. These were all key factors in our decision to enter into a long-term technical partnership.”

Aviation Blade Services, Inc. looks to continue to grow its influence within the UH-60/S-70 rotor blade maintenance marketplace with continued investment in engineering and capacity. The establishment of partnerships with AMS, as well as direct government contracts is proving to be a successful growth path.

About Aviation Blade Services, Inc. (www.absblade.com)

Aviation Blade Services, Inc. (“ABS”), based in Kissimmee, Florida, is best known for its expertise in the UH-60 Blackhawk rotor blade, as well as the Sikorsky, S-55, S-58, S-61, S-62, S-64, S-70, H-3, H34, and CH-54 rotor blades, and Westland Sea King rotor blades. With one of the most extensive libraries of Sikorsky rotor blade maintenance and manufacturing technical data, ABS is a world class repair facility for Sikorsky rotor blades. The company’s experience, knowledge and support for these rotor blades is unmatched. More information may be found at www.absblade.com.

About First Aviation Services Inc.® (www.firstaviation.com)

First Aviation Services Inc. (“FAvS”), headquartered in Westport, Connecticut, is a leading provider of component repair and overhaul, PMA parts manufacturing and rotables management to the aviation industry worldwide. FAvS’s principal operating subsidiaries are: Aerospace Turbine Rotables, Inc. (AeTR) and Evōlution Aerospace, Inc. (EVO) in Wichita, KS, Piedmont Propulsion Systems, LLC (PPS) in Winston-Salem, NC and Aviation Blade Services, Inc. (ABS) in Kissimmee, FL. Together, the companies repair and overhaul Landing Gear systems, Flight Controls, Actuation Systems, Lighting, Power Supplies, Oxygen and Fire Suppression systems, Hydrostatic Testing, Crew Masks, all Dowty, Hamilton, Hartzell and McCauley propellers and Helicopter Rotor Blades. More information about FAvS and its subsidiaries may be found on the company’s website www.firstaviation.com.

About AMS Group, Aero International, LLC (www.amsgroup.net)

The AMS Group is a diverse group of established companies providing innovative technologies and logistics support services to US and international customers in commercial, defense and security markets.

AERO International, LLC. (AERO), operates as a key member of the AMS Group Logistics Division. AERO is an authorized OEM licensed manufacturer, distribution and logistics provider. AERO provides an extensive line of OEM and after-market products, repair and overhaul services, as well as engineering expertise and logistic support for military and commercial aircraft, land combat and military transport vehicles, accessories, and ground support equipment. Customers include the US DOD, NATO and foreign military operators, prime contractors, and end users of OEM products, where AERO provides authorized licensed, value-added products and logistics support services. Since 1994, AERO has been an industry recognized license manufacturer and channel partner for Honeywell International – Defense & Space, Honeywell Advanced Sensing Technologies and L3Harris Technologies -Ocean Systems.

About Air Asia (AACL) (https://www.airasia.com.tw/)

AACL’s Vertical Flight Center was designed to support numerous helicopter platforms in the region. With successful technical transfer from Bell Helicopter Textron and Industrial Cooperation Program (ICP), AACL’s Vertical Flight Center is the most professional helicopter service center in Taiwan. We offer extensive helicopter maintenance service in line with OEM’s standards & qualifications.

Contact:

Paul Bolton
Aviation Blade Services, Inc.
pbolton@absblade.com

Dr. Matthew Wentzel
AMS Group, Inc.
mwentzel@amsgroup.net

Cision View original content:https://www.prnewswire.com/news-releases/aviation-blade-services-inc-announces-s-70-main-and-tail-rotor-blade-maintenance-training-and-services-partnership-with-the-ams-group-and-air-asia-301320229.html

SOURCE Aviation Blade Services, Inc.

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Source: https://markets.businessinsider.com/news/stocks/aviation-blade-services-inc-announces-s-70-main-and-tail-rotor-blade-maintenance-training-and-services-partnership-with-the-ams-group-and-air-asia-1030555381?op=1

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Seamatica Aerospace develops technology for safer skies

Technology companies are growing Atlantic Canada’s aerospace and defence sector – and the economy – by developing innovative products and services,…

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From: Atlantic Canada Opportunities Agency

Technology companies are growing Atlantic Canada’s aerospace and defence sector – and the economy – by developing innovative products and services, creating jobs, and increasing global exports. Investments from the governments of Canada and Newfoundland and Labrador are helping Seamatica Aerospace Limited develop industry-leading technology to help make the airspace safer.

June 24, 2021 · St. John’s, NL · Atlantic Canada Opportunities Agency (ACOA)

Technology companies are growing Atlantic Canada’s aerospace and defence sector – and the economy – by developing innovative products and services, creating jobs, and increasing global exports. Investments from the governments of Canada and Newfoundland and Labrador are helping Seamatica Aerospace Limited develop industry-leading technology to help make the airspace safer.

Local company developing technology to help detect and avoid collisions

The Honourable Seamus O’Regan Jr., Minister of Natural Resources and Member of Parliament for St. John’s South-Mount Pearl, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA, today announced a conditionally repayable contribution of $500,000 to Seamatica Aerospace Limited. In addition, the Honourable Andrew Parsons, provincial Minister of Industry, Energy and Technology, announced a non-repayable $459,094 contribution for the company through the R&D Proof of Concept Program.

These investments are helping the company develop Chronos – an aircraft position sensor that monitors piloted aircraft and remotely piloted “drone” operations in real time to help prevent collisions. While traditional airspace monitoring uses radar technology, Seamatica’s patented technology determines an aircraft’s position by “listening” to its transponder system.

Today’s announcement further demonstrates the Government of Canada’s commitment to help more technology companies grow their business and bring innovative solutions to market.

Quotes

“We are committed to fostering a strong, resilient, innovative and globally competitive economy. Companies like Seamatica Aerospace Limited help make that possible and we are pleased to support businesses that create technology-driven jobs and opportunities.”

– The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA

“The tech industry in Newfoundland and Labrador is creative, innovative and determined to grow even bigger. Seamatica Aerospace’s ground-breaking sensor technology makes our skies safer by preventing air collisions. It’s another example of how a small start-up in our province is making a big difference around the world.”

– The Honourable Seamus O’Regan Jr., Minister of Natural Resources and Member of Parliament for St. John’s South-Mount Pearl

“This cutting edge technology is the next step in using remotely piloted aircraft fleets for commercial operations. Through its state of the art sensors, Seamatica is addressing a tech gap in monitoring airspace that does not yet exist. This impressive innovative solution by a local company will help improve safety, save costs and increase efficiency as unmanned aircraft progress in the future.”

– The Honourable Andrew Parsons, Minister of Industry, Energy and Technology

“Seamatica’s patented Chronos technology addresses three market niches: anti-collision, navigation without GPS, and traffic validation. The validation market will likely mature first, enabling the Federal Aviation Administration (FAA) and Transport Canada and other air navigation service providers worldwide to confirm GPS-based reported traffic position in the next-gen airspace using Chronos as a secondary sensor.”

– Dr. Siu O’Young, President, Seamatica Aerospace Limited

Quick facts

  • Seamatica Aerospace Limited is a small start-up company that evolved from an applied research and development initiative at Memorial University. The company’s autonomous collision avoidance system has applications in aerospace and defence sectors around the world.

  • Seamatica Aerospace anticipates that Chronos will be the first ‘detect and avoid’ system to meet new Transport Canada rules for beyond visual line of sight drone operation.

  • Chronos will significantly reduce the cost to monitor airspace and make it safer for commercial operators such as delivery services to use drones.

  • Non-towered airports can use Chronos to determine the position of transponder-equipped aircraft with more precision and accuracy, which would significantly widen the airspace range they can monitor.

  • The funding announced today is provided through the Atlantic Canada Opportunities Agency (ACOA)’s Regional Economic Growth through Innovation (REGI) program.

  • The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) is also providing Seamatica Aerospace with advisory services and up to $150,000 towards the technical development aspects of their system.

/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.

The Honourable Seamus O’Regan Jr., Minister of Natural Resources and Member of Parliament for St. John’s South-Mount Pearl, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA, today announced a conditionally repayable contribution of $500,000 to Seamatica Aerospace Limited. In addition, the Honourable Andrew Parsons, provincial Minister of Industry, Energy and Technology, announced a non-repayable $459,094 contribution for the company through the R&D Proof of Concept Program.

Source: https://www.miragenews.com/seamatica-aerospace-develops-technology-for-584328/

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