MRO & Manufacturing
Pilatus Aircraft Reports 2025 Revenue Growth and Strategic Moves
Pilatus Aircraft’s 2025 report shows revenue growth to CHF 1.672B, EBIT decline, strong order backlog, and strategic insourcing amid global challenges.

This article is based on an official press release and annual report from Pilatus Aircraft.
Pilatus Reports “Solid Performance” in 2025 Despite Tariff Shocks and Supply Chain Hurdles
Pilatus Aircraft has released its Annual Report for the fiscal year 2025, describing the period as “uncommonly challenging” yet ultimately resilient. According to the company’s financial disclosure released on March 3, 2026, the Swiss manufacturers achieved a marginal revenue increase to CHF 1.672 billion (approximately $1.89 billion USD), up from CHF 1.63 billion the previous year. However, operating profit (EBIT) faced a significant decline, dropping to CHF 170 million from CHF 243 million in 2024.
The report highlights a convergence of external pressures, including severe supply-chain disruptions, a volatile U.S. trade environment featuring a sudden 39% import tariff, and a persistently strong Swiss Franc. Despite these headwinds, Pilatus maintained a high order intake of over CHF 1.8 billion, signaling sustained demand for its turboprops and jets.
“The continuing high volume of orders in hand… reassures us for the coming years.”
— Markus Bucher, CEO of Pilatus Aircraft
Financial Overview: Revenue Holds, Margins Squeeze
While the top-line revenue growth demonstrates the enduring appeal of the Pilatus product line, the bottom line reflects the cost of doing business in a turbulent global market. The company attributed the decline in EBIT to the high costs associated with navigating supply chain bottlenecks and absorbing financial shocks related to international tariffs.
According to the Annual Report, the order backlog now stands at approximately $3.56 billion. This robust backlog ensures production lines remain booked well into the future, providing a buffer against short-term market fluctuations.
Aircraft Deliveries and Production
Total aircraft deliveries for 2025 dipped slightly to 147 units, down from 153 in the previous year. The breakdown of deliveries includes:
- PC-12 (Turboprop): 82 units delivered (down from 96 in 2024).
- PC-24 (Super Versatile Jet): 50 units delivered (stable compared to 51 in 2024).
- PC-21 (Military Trainer): 14 units delivered (up significantly from 6 in 2024).
- PC-7 MKX: 1 unit delivered, marking the first delivery of this new trainer type.
Strategic Responses to Global Challenges
Pilatus has not stood still in the face of these operational hurdles. The company executed several major strategic moves in 2025 to fortify its position.
Product Innovation: The PC-12 PRO
In March 2025, Pilatus unveiled the PC-12 PRO, an evolution of its best-selling single-engine turboprop. The new model features the “Advanced Cockpit Environment” (ACE), powered by the Garmin G3000 Prime avionics suite. This system replaces the previous Honeywell avionics and introduces autothrottle and emergency autoland capabilities, directly targeting competitors like the Beechcraft Denali.
Insourcing Production
To mitigate supply chain vulnerability, Pilatus acquired the manufacturing site and workforce of Ruag Aerostructures in Emmen, Switzerland. This acquisition allows Pilatus to “insource” the production of fuselages and structural components, reducing reliance on external third-party suppliers.
Workforce Expansion
Despite the profit squeeze, Pilatus expanded its workforce significantly. The company reported a total of 3,678 full-time equivalent employees, creating 352 new positions in 2025. Notably, 254 of these new roles are based in Switzerland, reinforcing the manufacturer’s commitment to its domestic headquarters.
“We continue to improve the terms of employment we offer our staff, whom we regard as our most important resource of all.”
— Hansueli Loosli, Chairman of Pilatus Aircraft
Industry Context: The Tariff Impact
One of the most severe challenges cited in the report was the trade environment with the United States. In August 2025, the U.S. government imposed a 39% tariff on Swiss products. This policy forced a temporary halt in deliveries to the U.S., Pilatus’ largest market, before they resumed in November. The company noted that it had to absorb significant costs during this period to maintain its market position and protect its customers from the full brunt of the price hikes.
AirPro News Analysis
The 2025 results from Pilatus illustrate a classic “profitless prosperity” scenario often seen in high-value manufacturing during geopolitical instability. While demand remains at record highs, evidenced by the $3.56 billion backlog, the cost of fulfilling that demand has spiked.
The acquisition of Ruag Aerostructures is perhaps the most telling indicator of Pilatus’ long-term strategy. By vertically integrating fuselage production, Pilatus is effectively paying a premium to buy certainty. In an era where global supply chains are fracturing, we expect more OEMs to follow this “insourcing” trend, prioritizing control over the slightly lower costs of outsourcing. The launch of the PC-12 PRO also suggests that Pilatus is unwilling to let operational headaches slow down its R&D pipeline, ensuring that when supply chains eventually stabilize, their product remains the segment leader.
Sources
Sources: Pilatus Aircraft Annual Report 2025, AIN Online, Aviation Direct, Flight Global
Photo Credit: Pilatus
MRO & Manufacturing
SABIC Launches ULTEM SU3102P Oligomer for Aerospace Composites
SABIC unveils ULTEM SU3102P reactive oligomer, enhancing aerospace composites with higher loading, toughness, and manufacturing efficiency.

SABIC Introduces ULTEM SU3102P Reactive Oligomer for Aerospace Composites
Saudi Basic Industries Corporation (SABIC) has officially launched the ULTEMâ„¢ SU3102P reactive oligomer, a new polyetherimide (PEI) toughening agent engineered specifically for thermoset composites in the aerospace sector. According to a company press release, the material is designed to optimize the manufacturing of both primary and secondary Commercial-Aircraft structures by providing higher loading capacities and enhanced processing efficiency.
The aerospace industry is currently managing a significant increase in global passenger and cargo air traffic. This operational surge places pressure on aircraft Manufacturers to scale capacity and throughput while strictly adhering to safety, cost, and Sustainability mandates. To achieve these targets, the sector relies heavily on advanced composite materials for “lightweighting”, reducing the overall weight of an aircraft to lower fuel consumption and minimize carbon emissions.
However, engineering materials that are simultaneously lighter, thinner, and sufficiently durable to withstand extreme flight conditions remains a persistent challenge. SABIC states that its new oligomer addresses this industry gap by improving the durability and manufacturability of aerospace composites. The innovation recently earned a Gold award in the Materials Science category at the 2026 Edison Awards.
Technical Specifications and Manufacturing Integration
Based on the manufacturer’s specifications, the ULTEM SU3102P is a low molecular weight reactive oligomer based on PEI functionalized with amine groups. It is targeted for use in critical aerospace structures, including wings, fuselage frames, spoilers, and interior cabin components. Like other materials in the ULTEM portfolio, the company notes that the SU3102P oligomer features inherent flame retardance, high strength, high heat and chemical resistance, and a low coefficient of thermal expansion (CTE).
A key operational advantage highlighted in the press release is the material’s compatibility with existing production lines. SABIC describes the oligomer as a “drop-in” solution, meaning aerospace manufacturers can integrate it without requiring costly equipment upgrades. It is reportedly compatible with a broad spectrum of thermoset resin systems, including epoxy, cyanate ester, benzoxazine, bismaleimide, phenolic, phenoxy, and urethane. The material is currently available globally for both sampling and commercial-scale orders.
Performance Metrics vs. Industry Standards
SABIC claims that the ULTEM SU3102P oligomer significantly outperforms reactive polyethersulfone (rPES), which is currently considered the industry standard. According to the company’s published data, the new thermoplastic solution is capable of achieving unprecedented loadings of up to 50% by weight. In contrast, traditional rPES typically permits loadings of only 7% to 12%.
Furthermore, the manufacturer reports that the new oligomer improves the toughness-stiffness balance of composite materials by up to 140% compared to rPES. This enhancement is intended to help composites better resist fracture and impact damage, potentially reducing aircraft maintenance downtime and improving overall safety. Despite the high loading capabilities, SABIC states that the oligomer maintains a low formulation viscosity, which can boost the productivity and energy efficiency of thermoset composite prepregs by up to 30%.
Industry Impact and Corporate Recognition
The launch of this material aligns with broader industry efforts to streamline supply chains and reduce the environmental footprint of aerospace manufacturing.
“As global air traffic increases significantly with more passengers and cargo, the industry faces pressure to build capacity and throughput within its existing footprint, while still meeting cost, safety and sustainability goals. Our new ULTEM oligomer can help designers create lighter, thinner and tougher composite structures, increase manufacturing efficiency and cut emissions. This addition to our ULTEM portfolio builds on a long history of success in aerospace applications and demonstrates our strong commitment to materials innovation.”
— Sergi Monros, Vice President of SABIC Polymers, Specialties Business Unit
The product’s development was recognized at the 2026 Edison Awards, where the ULTEM SU3102P reactive oligomer was named a Gold winner in the Materials Science category. According to the company, the 2026 ceremony marked the sixth consecutive year SABIC has been honored at the Edison Awards. In 2026 alone, the corporation secured five awards across multiple categories, including Material Science, Energy & Climate Resiliency, and Clean Water, Food & Agriculture.
AirPro News analysis
At AirPro News, we note that the introduction of a “drop-in” toughening agent with a 50% loading capacity represents a notable shift in composite material science. For aerospace original equipment OEMs and tier-one suppliers, the ability to improve material toughness by a claimed 140% without overhauling existing thermoset resin equipment is a critical capital expenditure saver. Furthermore, the reported 30% boost in energy efficiency during the prepreg manufacturing process directly supports the aviation sector’s aggressive net-zero carbon targets for 2050. If the commercial application of ULTEM SU3102P matches SABIC’s laboratory metrics, it could accelerate the adoption of thinner, lighter composite structures in next-generation aircraft designs.
Frequently Asked Questions (FAQ)
What is the ULTEM SU3102P reactive oligomer?
It is a new polyetherimide (PEI) toughening agent developed by SABIC, designed to make thermoset composites used in aerospace manufacturing lighter, stronger, and more durable.
How does it compare to existing materials?
According to SABIC, it outperforms the industry standard (rPES) by allowing up to 50% by weight (compared to 7-12%) and improving the toughness-stiffness balance by up to 140%.
Do manufacturers need new equipment to use it?
No. The company states it is a “drop-in” solution compatible with existing manufacturing processes and a wide range of thermoset resin systems.
Sources
Photo Credit: SABIC
MRO & Manufacturing
IVP Launches Refurbished Hangar Complex at Subang Airport in 2026
IVP, a subsidiary of Khazanah Nasional, inaugurated a refurbished hangar complex at Subang Airport to boost Malaysia’s aerospace MRO capabilities.

On May 4, 2026, Impeccable Vintage Properties (IVP), a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, officially inaugurated its newly refurbished hangar complex at Sultan Abdul Aziz Shah Airport in Subang. The launch marks a critical step in transforming the airport into a premier destination for maintenance, repair, and overhaul (MRO) services in Southeast Asia.
According to reporting by Business Today, the development is strategically positioned to elevate Selangor and Malaysia as a central aerospace hub. By upgrading legacy infrastructure to meet modern aviation standards, IVP aims to attract high-value aviation activities and international operators to the region.
The revitalization of the Subang aerospace complex represents a coordinated national effort. The project aligns directly with the Malaysia Aerospace Blueprint 2030 and the Selangor Aerospace Action Plan 2020–2030, reflecting a broader governmental push to capture a larger share of the lucrative Asia-Pacific MRO market.
The New Hangar Facilities and Key Tenants
The newly launched facilities have already secured commitments from major regional and global aviation players. Business Today reports that the complex is anchored by key industry operators, including Malaysia Airlines Engineering Services (MABES) and Base Maintenance Malaysia (BMM).
Industry records indicate that BMM, a wholly-owned subsidiary of SIA Engineering Company (SIAEC), previously signed a 15-year lease agreement for two hangars at the site, establishing SIAEC’s third base maintenance hub in the Asia-Pacific region. These hangars are capable of accommodating widebody aircraft, significantly boosting regional airframe check capacity.
In addition to airframe maintenance, the complex houses GE Aerospace Engine Services Malaysia (GEESM). This facility serves as a specialized center of excellence for LEAP engine maintenance, catering to the growing fleet of next-generation narrowbody aircraft operating in the region.
The Engine Ground Run Bay
A standout technical feature of the IVP complex is its specialized testing infrastructure. Business Today highlights that the site features Subang Airport’s only dedicated engine ground run (EGR) bay. This unique addition enables operators to conduct on-wing engine testing for widebody aircraft safely and efficiently, reducing downtime for airlines and streamlining the MRO process.
Ongoing Refurbishments and Future Expansion
While the May 4 launch represents a major operational milestone, the transformation of the 100-acre Subang site is an ongoing process. The property, which was formerly owned by Malaysia Airlines and largely underutilized before IVP took over in 2021, contains approximately 27 buildings and facilities.
According to IVP statements cited by Business Today, refurbishment works on the remaining hangar assets are actively progressing. The company has targeted the end of 2026 for the full completion of these upgrades.
Infrastructure and Sustainability Upgrades
Beyond the hangars themselves, IVP is investing in comprehensive infrastructure enhancements. Upcoming additions include a dedicated component workshop and a centralized storage facility, which will further support the complex’s MRO ecosystem.
Modernization efforts also extend to environmental sustainability. The newly launched complex incorporates several green design elements. Business Today notes that the facility features energy-efficient systems, advanced water management measures, and critical flood mitigation infrastructure, ensuring the site remains resilient against extreme weather events.
Economic Impact and Strategic Alignment
The redevelopment of the Subang aerospace corridor is expected to yield significant economic dividends for Malaysia. Officials anticipate that the expanded MRO hub will generate numerous high-skilled employment opportunities, particularly in technical and engineering disciplines.
By providing world-class infrastructure, IVP allows its tenants to focus entirely on their core MRO operations. This plug-and-play model is designed to strengthen local aviation supply chains and reinforce Subang’s position as a strategic aerospace corridor.
“The development is expected to support the creation of high-skilled jobs, strengthen aviation supply chains, and reinforce Subang’s position as a strategic aerospace corridor,” noted officials in the Business Today report.
AirPro News analysis
The official launch of IVP’s hangar facilities at Subang Airport underscores a highly competitive race for MRO dominance in the Asia-Pacific region. With neighboring hubs facing land constraints and rising costs, Malaysia is aggressively positioning Subang as a viable, high-quality alternative. By leveraging the financial backing of Khazanah Nasional Berhad and securing blue-chip tenants like SIAEC and GE Aerospace, IVP has successfully validated its infrastructure-as-a-service model.
The inclusion of specialized assets, such as the dedicated widebody engine ground run bay, demonstrates a clear understanding of airline operational needs. As the global commercial fleet continues to expand, particularly in Southeast Asia, the demand for localized, comprehensive MRO services will only intensify. If IVP can meet its end-of-2026 completion targets for the remaining facilities, Subang is well-positioned to capture a substantial share of this growth, fulfilling the ambitious targets set out in the Malaysia Aerospace Blueprint 2030.
Frequently Asked Questions
What is Impeccable Vintage Properties (IVP)?
Impeccable Vintage Properties (IVP) is a wholly-owned subsidiary of Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund. IVP was mandated to redevelop a 100-acre site at Subang Airport into a premier aerospace and MRO hub.
Who are the main tenants at the new Subang hangar complex?
Key anchor tenants include Base Maintenance Malaysia (BMM), a unit of SIA Engineering Company; Malaysia Airlines Engineering Services (MABES); and GE Aerospace Engine Services Malaysia (GEESM).
When will the entire Subang MRO complex be completed?
While initial hangar facilities were officially launched on May 4, 2026, IVP targets the end of 2026 for the full completion of refurbishments on the remaining hangar assets and supporting infrastructure.
Sources
Photo Credit: Impeccable Vintage Properties (IVP)
MRO & Manufacturing
ITP Aero Opens New Aerospace Manufacturing Facility in Hyderabad
ITP Aero expands in Hyderabad with a new facility for aviation engine components, creating 350+ jobs and boosting local aerospace capabilities.

ITP Aero Expands Indian Footprint with New Hyderabad Facility
Global aerospace propulsion leader ITP Aero has officially broken ground on a new manufacturing facility in Hyderabad, India. According to a company press release, the new site is slated to become fully operational in 2027 and will focus on producing commercial aircraft engine components, including fabrications and machining parts. This strategic move is designed to support the increasing global demand across the civil aerospace market.
This expansion marks a significant milestone in the company’s 15-year history in the region. We note that the development is expected to generate over 350 new skilled jobs within the next five years. These new positions will supplement the 250 manufacturing roles already established by the company in Hyderabad, directly contributing to the region’s economic development and strengthening local aerospace capabilities.
Strategic Growth and Leadership in India
Strengthening Local Capabilities
The new facility underscores ITP Aero’s long-term commitment to the Indian aerospace ecosystem. To spearhead this next phase of regional growth, the company recently appointed Sandeep Sharma as Managing Director for India. According to the official announcement, Sharma brings more than two decades of aerospace sector experience to the role, having previously held leadership positions across supply chain, business development, finance, and customer service at Pratt & Whitney.
“Hyderabad has been part of our industrial journey for 15 years, we have seen this site grow and evolve alongside our business. This expansion is a source of pride, reflecting what we have achieved together and our confidence in the region’s people and manufacturing capabilities.”
, Carlos Alzola, Managing Director of ITP Aero Group, in a company statement
Government Support and Economic Impact
The expansion is also receiving strong backing from local authorities, who view the investment as a catalyst for regional industrial growth. Sridhar Babu, Minister of Industries of Telangana, highlighted the economic benefits of the project during the groundbreaking event.
“We welcome ITP Aero’s decision to expand its footprint in Hyderabad, building on a trusted partnership of 15 years in Telangana. The new facility, expected to be fully operational in 2027, will create more than 350 skilled jobs and further strengthen our growing aerospace manufacturing ecosystem.”
, Sridhar Babu, Minister of Industries of Telangana
Robust Financial Momentum
Record Revenues and Future Investments
The groundbreaking in Hyderabad aligns with a period of strong financial performance for the company. In its official release, ITP Aero reported 2025 revenues of €1.88 billion, representing a 17% increase, alongside an EBITDA of €379 million, up 28%. These figures reflect robust growth and a solid financial foundation for future expansion.
Looking to the future, the aerospace manufacturer has committed €1.2 billion toward research and development and capital expenditures by 2030 across its global operations, signaling a heavy investment in next-generation technologies and capacity building.
AirPro News analysis
We view ITP Aero’s continued investment in Hyderabad as a clear indicator of India’s growing prominence in the global aerospace supply chain. By expanding its manufacturing footprint for commercial aviation engine components, the company is strategically positioning itself to meet rising global demand while leveraging a highly skilled local workforce. The substantial €1.2 billion global R&D and capital expenditure commitment further suggests that ITP Aero is preparing for next-generation aerospace requirements, ensuring its facilities worldwide are equipped to handle advanced manufacturing processes and sustainable aviation technologies.
Frequently Asked Questions (FAQ)
When will the new ITP Aero facility in Hyderabad open?
According to the company, the new manufacturing site is expected to be fully operational in 2027.
How many jobs will the new facility create?
The expansion is projected to create more than 350 new skilled jobs over the next five years, adding to the 250 existing manufacturing roles in the region.
What will the new site manufacture?
The facility will produce commercial aviation engine components, specifically focusing on fabrications and machining parts to support the civil aerospace market.
Who is leading ITP Aero’s operations in India?
Sandeep Sharma was recently appointed as Managing Director India, bringing over 20 years of aerospace industry experience to the role.
Sources
Photo Credit: ITP Aero
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