Rolls-Royce engineers have used digital tools and rapid manufacturing techniques to develop an entirely new turbofan engine concept from scratch in just 18 months.
Financial analysis firm Jefferies is the first to recommend a “buy” rating on an advanced air mobility stock, citing a $7.30 price target for Eve Holding versus its current price, $6.75.
“Transaction values and volumes declined in the first half of 2022 despite rising geopolitical tensions, most notably the war in Ukraine,” says PwC’s midyear A&D outlook.
As Farnborough bursts back onto the global events scene, advanced air mobility—a market that has gained in prominence over the pandemic—is high on the agenda.
Stakeholders, decision-makers, regulators and service providers, who gathered for the first face-to-face Airports Council International (ACI) Africa regional conference since the outbreak of the pandemic, pleaded for a full implementation of the single African air transport market (SAATM).
Saudi Arabia’s newly established aviation financing and leasing company AviaLease was formally launched on the sidelines of the Farnborough Airshow with its first leasing deal being done with Saudi carrier Flynas.
Changes in the funding environment for advanced air mobility startups come at a time when the companies are entering the most expensive phase of their existence.
Vertical Aerospace and Babcock International are exploring application of the VX4 electric vertical takeoff and landing air taxi to emergency medical services and cargo transportation.
The application will allow Joby’s U.S.-based certification to be concurrently validated by the UK’s Civil Aviation Authority, accelerating access to the British market.
