The director of the White House National Space Council believes NASA’s push to return astronauts to the lunar surface by 2024 is helping the agency significantly streamline its decision-making, though there’s more to do.
Responding to the brutal downturn caused by the COVID-19 pandemic, the French government on June 9 announced an €8-billion ($9 billion) bailout plan that not only aims to save employees from layoffs and aerospace companies from bankruptcy—it takes the opportunity to force an overdue consolidation and modernization of the supply chain.
Southwest Airlines completed a $1.8 billion debt offering on June 8, part of an effort to buttress its balance sheet during the extended industry downturn caused by the COVID-19 pandemic.
The French government has committed to supporting Airbus Helicopters’ plan to develop a successor to its best-selling H125 Ecureuil single-engine light helicopter.
Ryanair subsidiary Laudamotion will reopen its Vienna operations July 1 after over 90% of its pilots and some 66% of its cabin crew working out of the base voted to accept its new collective labor agreement (CLA).
Electric vertical-takeoff-and-landing startup Lilium has raised an additional $35 million from Baillie Gifford, a Scotland-based investment management partnership with investments in SpaceX, Tesla, Amazon and other technology companies.
France will accelerate the introduction of new military aircraft and helicopter fleets as part of its €15 billion ($16.9 billion) support package for the country’s aerospace industry to help it through the novel coronavirus pandemic.
Austrian Airlines has reached a deal with the Austrian Government and parent Lufthansa for a €600 million ($677 million) coronavirus rescue package that comes with strict ecological requirements attached.