We may be witnessing the slow demise of what was once the world’s greatest aerospace company, with few identifiable roadblocks to an act of self-immolation.
ARCHER AVIATION signed a Space Act Agreement with NASA; initial project will be focused on studying high-performance battery cells and safety testing targeted for Advanced Air Mobility (AAM) and space applications.
VERTICAL AEROSPACE secured $50m in committed funding from its founder to provide platform for further funding rounds and extend its projected cash runway into 2Q25, supporting development of its eVTOL for certification in 2026.
AIRBUS and AIR INDIA agreed to form joint venture to open new 3,300 sq meter A320/A350 pilot training center in Guruhgram in 1H25 with 10 simulators. It also providing technician training materials to GMR Aero Technic at Hyderabad.
AIRBUS signed contracts with TATA ADVANCED SYSTEMS (TASL) and MAHINDRA AEROSTRUCTURES to manufacture metallic detail parts, components and assemblies for A320neo Family, A330neo and A350 programs.
SAFRAN and ONERA launched wind tunnel tests at Modane of 1:5 scale ECOENGInE future Open Fan demonstrator as part of CFM RISE program; Open Fan aims to reduce fuel burn and CO2 emissions by 20% and up to 80% with SAF.
ATR received approval from the Science Based Targets initiative (SBTi) for its near-term emissions reduction targets. By year 2030, it is committed to 50.4% reduction of greenhouse gas (GHG) emissions related to its operational processes and energy consumption and 30% reduction in greenhouse gas emissions (GHG) generated by its in-service aircraft fleet.
The AAM Stock Composite dropped by 7% during the week ending Jan. 19, extending a losing streak that has seen the index shed nearly 19% since the year's start.
The President of the General Authority of Civil Aviation (GACA) of Saudi Arabia Abdulaziz Al-Duailej has used a speech at Wings India to outline the investment opportunities in the Kingdom under Vision 2030.
Airbus has signed an HCare Initial contract, a comprehensive by-the-hour services contract with Heligo Charter Private for six Airbus H145 helicopters.
