Terran Orbital has replaced its chief operating officer (COO) and acting chief financial officer (CFO) with executives from outside the aerospace industry.
This week’s personnel changes include senior management level developments at a U.S.-based aviation industry powerhouse and an Azerbaijani cargo carrier.
INNOVATIVE SOLUTIONS & SUPPORT received unsolicited, non-binding indication of interest to make a proposal from investor Christopher Harborne to acquire all shares not already owned by Harborne for $7.25 each; Board is reviewing.
Amazon has gained FAA approval for beyond-visual-line-of-sight (BVLOS) flights of its cargo drones to expand its delivery area in College Station, Texas.
AIRBUS was selected by SWISS to supply EFW-manufactured Airspace L-Bins for retrofit on three A320s and five A321s, by THAI to retrofit 20 A320s with reclining business class seats, and China Airlines to reconfigure 15 A350s.
PANASONIC AVIONICS was selected by Taiwan's EVA Air to provide IFEC/digital services for 54 aircraft, including Astrova IFE, Marketplace e-commerce solution, and Arc moving map for 18 A350-1000s and 14 777-300ERs and eXW wireless IFE solution for 17 A321s, and NEXT and eX3 IFE, plus connectivity services, for five 787-9s.
AVIA SOLUTIONS GROUP posted €508.8m revenues in 1Q24, up 26% vs 1Q23; it had €97.5m net loss, primarily due to investments into fleet capacity and crew in preparation for it says a record-breaking summer season and expansion.
Combined German 2023 defense industry sales have advanced 19% year-on-year to €10 billion ($11 billion), ahead of the 18% growth recorded by the civil sector.
