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.
Airbus has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to Airbus.
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.
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.
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).
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.