X-BOW SYSTEMS acquired SPENCER COMPOSITES, CA (composite/metallic structures) to ensure seamless supply chain for critical components within its commercial modular motor and hypersonic booster large solid rocket motor programs.
AVIATION WEEK NETWORK forecasts Baltic and Eastern European carriers will take delivery of 870 new aircraft over next 10 years and retire 380, resulting in fleet of 1,600 aircraft in 2033 vs 1,080 in 2024. MRO market is valued at $32b.
A state-of-the-art laboratory will be established at the University of Dubai aiming to promote collaborative efforts and research in advanced air mobility (AAM).
Airbus has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus.
Eve Air Mobility, a global electric vertical take-off and landing (eVTOL) aircraft manufacturer, has announced $94M in new equity financing from multiple investors.
FAI’s Air Ambulance division won ‘Outstanding Sector Leadership and Growth Award’ in the Air Ambulance category at the MEA Business Achievement Awards in Dubai.
Qatar Airways Group has reported the strongest financial performance in its 27-year history, announcing record profits of US$1.7 billion for its 2023/24 financial year.
UNIVERSAL HYDROGEN, Los Angeles was forced to shut down and liquidate after failing to raise additional funding to continue development of a hydrogen-fuel cell propulsion and related fuel logistics system targeted for regional airliners.
XTI AEROSPACE signed agreement with FC Imperial for a proposed strategic equity investment for shares of convertible preferred stock of up to $55m at a post-money valuation of $275m to accelerate development of TriFan 600.
BOEING agreed to acquire SPIRIT AEROSYSTEMS in all-stock transaction at equity value of $4.7b to close in mid-2025. Spirit says it is also proposing to sell certain operations, including those in Belfast, Northern Ireland (non-Airbus operations), Prestwick, Scotland, and Subang, Malaysia and AIRBUS signed binding term sheet to acquire major activities related to its programs, including manufacture of A350 fuselage sections and A220 wings, mid-fuselage and pylons.
