What Happened
Airbus Projects Near Doubling Of Profits By 2029 Amid Farnborough Announcements
Day 3 of the Farnborough Air Show saw significant announcements from major players in the commercial aerospace sector. Airbus revealed plans for a €5 billion share buyback and projected a near doubling of profits by 2029. Textron Aviation’s Beechcraft Denali single-engine turboprop program is nearing certification, with flight testing expected to conclude in October. Eve Air Mobility announced a partnership with the Florida Department of Transportation to develop Advanced Air Mobility capabilities. These developments were reported by Forecast International.