2025年10月航空服务业更新

October 2025 In This Report Airbus, Boeing Ramp ProductionSustainable Aviation Fuel andElectrification Efforts Find MomentumFAA Hiring Effort Makes Progress INVESTMENT BANKINGAviation Services Industry Update Aviation Services Observations and Key Trends with plans to expand capacity through theaddition of a second final assembly line inMobile, Ala. Despite persistent supply chainheadwinds, Airbus has reaffirmed its full-year forecast for 820 commercial aircraftdeliveries across all platforms.3 Airbus, Boeing RampProduction; Sustainabilityand Electrification TakeCenter Stage In the News •FAA’s ‘Supercharged’ Hiring EffortMakes ProgressThe FAA has exceeded its 2025 hiring goal of 2,000 air traffic controllers,achieving a 20% increase over last year’sefforts through the same period. Thismilestone reflects ongoing improvementsin recruiting efficiency and onboardingprocesses. The agency is now on pace tohire over 8,900 new controllers through2028.8Transportation Secretary SeanDuffy emphasized the urgency of theseefforts, stating, “Our work is just gettingstarted.” He said that his departmentremains focused on reversing decadesof staffing declines and restoringthe controller workforce to safe andsustainable levels. Sustainable Aviation Fuel MomentumBuilds Through Infrastructure, OEM, andPolicy Developments Sustainable aviation fuel (SAF) gainedground in the third quarter, with meaningfulprogress on infrastructure readiness andlong-term investment. Delta Air Lines,in partnership with Shell and the Port ofPortland, completed the first commercial-scale SAF uplift at Portland InternationalAirport—a key milestone in U.S. SAFlogistics and adoption.4 Business aviation continued to strengthenin September, with Argus Internationalreporting global business aircraft activityup 7.2% year-over-year. North Americarecorded its highest year-over-year gainfor 2025, up 7.5%, while Europe rose 2.5%.All categories in North America showedyear-over-year growth; light jets led theway (+8.3%), followed by mid-size jets(+8.2%), turboprops (+7.0%), and large-cabin jets (+5.6%).1 Additionally, global airline allianceOneworld, and its members, in partnershipwith Bill Gates’ Breakthrough Energy,launched a new SAF investment fund aimedat scaling production and reducing cost gapswhen comparing SAF with conventional jetfuel.5Meanwhile, Airbus continues testingto certify its fleet for 100% SAF use by 2030,while advocating for stronger policy supportto accelerate adoption.6 •White House EstablishesPreliminary Framework to AccelerateeVTOL TechnologiesIn September, the White House launched the Electrical Vertical Takeoff and LandingIntegration Pilot Program (eIPP), afederal initiative intended to developregulatory frameworks supporting thecommercialization of urban air mobility.9Leading eVTOL companies, includingJoby, Archer, and Beta, have alreadyjoined the program following a formalrequest for proposals.10The programcomes amid accelerated activity in thesector, underscored by Joby’s acquisitionof Blade and a strategic partnershipbetween L3Harris and Joby.11 Airbus and Boeing Continue to RampNext-Generation Aircraft Production Boeing reported that it reached a B737 MAXbuild rate of 38 aircraft per month. The OEMis targeting FAA approval later this year tolift the rate to 42 aircraft per month, witha goal of increasing output by five aircraftevery six months—a trajectory that wouldsee Boeing achieve its target in early 2026.2 SAF currently compromises less than0.1% of global jet fuel supply, but demandis expected to grow sharply, with IATAforecasting the need for 500 milliontonnes annually by 2050 to meet industryclimate goals.7 Airbus continues to pursue its 2027 targetof producing 75 A320 aircraft per month, Business JetOperations andCommercial FlightActivity Business Jetand CommercialAircraft Orders andDeliveries Public Company 1-Year Stock Performance (Indexed Market Capitalization for the Period September 2024–September 2025) Public CompanyPerformance Public Company 5-Year Stock Performance (Indexed Market Capitalization for the Period September 2020–September 2025) Aerospace Supply Chain & Aftermarket:ENXTPA:SAF, NasdaqCM:ASLE, NasdaqGS:ATRO,NasdaqGS:VSEC, NasdaqGS:WWD, NYSE:AIR, NYSE:DCO, NYSE:HXL, NYSE:LOAR, NYSE:MOG.A,NYSE:RBC, NYSE:SPR, NYSE:TDG, NYSE:WCC, TSX:CAE, TSX:MAL, XTRA:MTX Premier, Global Boutique Globally integrated advisory capabilities, deep sector experience, and unmatched industry intelligence driven by frequent dialogue with themost relevant market participants Firm Snapshot M&A Expertise Since 2020 640+investment bankingemployees ~2,000total employees 20+offices worldwide $870B+M&A and financingactivity since 2020 100%owned by activepartners 900+M&A advisory transactionssince 2020 Global Footprint Trusted Advisor Since 2020 Selected Aviation Services Transaction Experience Aviation Services Contacts Gordie Vap+1 704 969 1581gvap@williamblair.com Josh Ollek+1 704 969 1583jollek@