Hanwha Aerospace has appointed Michael Coulter as its Global Defense CEO to lead the company’s international defense initiatives. The newly created position will oversee the defense operations of Hanwha Aerospace and its subsidiaries, including Hanwha Ocean and Hanwha Systems. Coulter previously served as Senior Vice President of Corporate Business Development at Leonardo DRS and President
Embraer has achieved investment grade status from Moody’s, marking the third major rating agency to upgrade the Brazilian aircraft manufacturer this year. The company’s credit rating was raised from Ba1 to Baa3 with a positive outlook. The upgrade follows similar moves by S&P Global Ratings in February and Fitch Ratings in September. “Our focus on
The aircraft leasing industry faces a stable outlook for 2025, with strong travel demand and aircraft supply constraints expected to support solid financial performance, according to a new Morningstar DBRS report. Global air travel demand remains robust, driven by leisure travel and improving corporate bookings. “We expect continuing solid growth dynamics in global aviation along
Airbus has appointed Carmen-Maja Rex as its new Chief Human Resources Officer, effective 1 April 2025. Ms Rex will join the Executive Committee and report directly to Airbus CEO Guillaume Faury. She currently serves as Human Resources Group Director at Heidelberg Materials, a global building materials manufacturer. The appointment comes as current HR chief Thierry
CommuteAir has signed a contract with Embraer for inventory and repair services to support its E-Jet aircraft fleet through the Exchange Plus Program. The agreement gives CommuteAir access to Embraer’s global supply chain for parts management. “CommuteAir is excited to build on its existing partnership with Embraer for our ERJ145 aircraft to now include parts
Embraer launched its ONEChain Program to digitalize and streamline supply chain operations through a new integrated management platform. The aerospace company said the initiative would help balance production output and improve supplier collaboration as part of its growth strategy. “In addition to achieving enhanced operational efficiency, we have integrated all operations with our suppliers and
