Australian nanosat startup Sky and Space Global has entered voluntary administration—a process similar to Chapter 11 U.S. bankruptcy—after posting losses of more than AUS$30 million ($18.5 million) in 2019.
To the list of potential long-term challenges to commercial aviation from the COVID-19 crisis, add the likelihood of faster growth in high-speed train services for travelers in China and Europe, according to a new report by a major investment bank.
The Trump Administration has asked Congress for an additional $250 billion in small-business payroll loan funding, providing more cash to the coronavirus pandemic emergency funding program that many small aerospace suppliers are expected to tap.
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis, of which, 2.0 million jobs are at risk in Africa.
Airbus decided April 6 to suspend production and aircraft at some of its facilities, most importantly the A220 and A320 final assembly line in Mobile, Alabama.
Airbus continues to purchase and supply millions of face masks from China, the large majority of which will be donated to governments of the Airbus home countries, namely France, Germany, Spain and the UK.
The International Air Transport Association (IATA) has announced the postponement of the 76th Annual General Meeting (AGM) and World Air Transport Summit. The event had been scheduled to take place on 22-23 June in Amsterdam.