FedEx Corp. has revised its revenue outlook sharply lower amid weakening global trade and sagging industrial production, causing its shares to plummet nearly 13% in trading Sept. 17.
ZeroAvia, a startup investigating the use of hydrogen fuel cells for sustainable green aviation, has secured a £2.7 million ($3.3 million) research grant from the British government.
The FAA has rolled out its new taxiway landing alert system at 13 airports and is confident that all 35 facilities getting the enhancement will be up and running by October 2020.
Boeing and Safran have made a joint investment in Electric Power Systems (EPS), a developer of certifiable battery packs for electrified aircraft propulsion.
There is movement on the FAA’s long-awaited draft rule to require a means of remotely identifying drones from the ground, despite the postponement of its release from September to December.
The German government is nearing a decision on key measures tackling climate change that include a massive increase in the country’s aviation tax for short-range domestic flights.
FlightSafety International Unmanned Systems Training has added a specialized sUAS Civil/Government Services Remote Pilot Course to assist federal, state and local government agencies to establish a UAS program or increase the effectiveness of existing ones.
AviationManuals has expanded its portfolio with a new Fixed Base Operations Manual designed to help managers and staff improve the professionalism, standards and safety of their operations.
Metro Aviation, based in Shreveport, Louisiana, has taken delivery of the first Airbus EC145e helicopter produced at the Airbus assembly plant in Columbus, Mississippi.
Infrastructure investment banker Nexa Capital Partners has formed Urban Air Mobility (UAM) Geomatics, a business intelligence entity focused on helping industry to use geospatial data to accelerate investment in the nascent market.