Bombardier on Sept. 16 said it finalized terms of the sale of its train business to Alstom for $8.4 billion (€7.15 billion), including a $350 million price cut from the memorandum of understanding unveiled in February.
SmartSky Networks and its former radio contractor, Wireless Systems Solutions, are enmeshed in a legal battle, one that means a delay in the launch of SmartSky’s planned air-to-ground network until 2021, it said.
Raytheon Technologies is on its way to cutting at least 15,000 employees in response to the company’s recent merger and the fallout from COVID-19, the aerospace and defense giant’s CEO told an investor conference, and likely more will occur.
Gulfstream Aerospace has extended its contract with World Fuel Services to continue to provide Gulfstream with a steady supply of sustainable aviation fuel (SAF) produced by World Energy, the company says.
Whether it is aircraft manufacturers, fuel providers, airport administrators or end-user customers, the business aviation industry is eager to increase efforts to reduce the sector’s carbon emissions and boost its environmental responsibility and sustainability.
With the number of used business jets for sale in decline and SmartSky Networks and Wireless Systems Solutions are enmeshed in a legal battle. Take a look at what happened this week in business aviation.