Asia-Pacific Aerospace Briefs Today
February 27th 2023
Today's briefs report news from Pratt & Whitney Canada, Singapore Technologies Engineering Ltd, Sumitomo Corporation and Volocopter. Read More »
Pratt & Whitney Canada has announced it has produced more than 110,000 engines across the business aviation, general aviation, regional aviation, helicopter aviation and auxiliary power unit sectors since the company was formed in 1928 and had reached one billion flying hours.
Singapore Technologies Engineering Ltd’s net profit fell 6.2%, to S$535 million (US$396 million), in calendar 2022 from S$570.5 million in the previous year. “All factors considered, we are well positioned and optimistic about our future to deliver strong shareholder value,” CEO Vincent Chong said.
Urban air mobility company, Volocopter, said Japan-headquartered Sumitomo Corporation has invested in its funding round and will be a key strategic partner for its entry in the Japanese market in 2025.
