Asia-Pacific Aerospace Briefs Today
August 14th 2023
Today's briefs report news from Airports of Thailand, Archer Aviation, Boeing and ST Engineering. Read More »
Airports of Thailand reported a net profit of 5.4 billion baht (US$153 million) for the nine months to June 30 compared with a net loss of 9.8 billion baht in the same nine months in 2022.
Electric vertical take-off and landing aircraft company, Archer Aviation, has settled a litigation matter with Boeing and Boeing subsidiary, Wisk Aero, in U.S. federal and state courts. Archer said it had entered into a collaboration agreement with Boeing and Wisk on autonomous flight.
Singapore-headquartered ST Engineering reported a net profit of S$280.6 million (US$208 million) for the six months to June 30, a little changed result from the S$280 million profit the aerospace company returned in the prior corresponding months. “Our good performance in the first half demonstrated the strength and resilience of our business portfolio,” ST Engineering CEO, Vincent Chong, said.
