Dubai Aerospace Enterprise (DAE) has signed a US$300 million five-year dual tranche unsecured term financing facility with Emirates Islamic and Emirates NBD Capital, the investment banking arm of Emirates NBD.
Ethiopian Cargo & Logistics Services has won the ‘International Air Cargo Marketer of the Year’ Award at the 2020 STAT International Award for Excellence in Air Cargo which was held from 25-27 February, 2020 in Mumbai, India.
Aphrodite Management Holding, a group that specialises in aviation services, insurance, and travel ancillaries, will be presenting APPS, its revolutionary business model that promises to increase airline revenue by 1,500%, during this year’s round of the Aviation Africa.
The Saudi Development and Reconstruction Program for Yemen (SDRPY) yesterday launched Phase I of a project to rehabilitate and upgrade Aden International Airport.
The Greener Air Traffic Operations (GreAT) project aims to reduce “gate-to-gate” fuel consumption and emissions by developing and assessing an environment-friendly air traffic operational concept, adaptive airspace and trajectory optimization as well as supporting avionics.
WICHITA—Spirit AeroSystems missed 2019 fourth quarter profit expectations, marred by production cuts on the Boeing 737 MAX and a loss on the 787 widebody jet pr
Eurocontrol said Aireon data will help the agency improve predictability, capacity and environmental impacts while supporting sustainable air traffic growth throughout the European region.
The first prototype of Lilium’s electric vertical takeoff and landing aircraft has been damaged in a fire, the latest in a spate of incidents impacting electric aircraft technology developers.
Northrop Grumman conducted a 139-sec. static test fire of its Omega rocket’s solid-fuel second stage on Feb. 27, the last of two full-scale engine firings prior to the rocket’s debut launch next year.
Safran is adapting to the production halt of the Boeing 737 MAX, finding ways to mitigate the financial consequences, but the company is already measuring job cuts in four digits.
The first Pratt & Whitney PW1200G engine to be assembled in Japan has been flown, installed in a Mitsubishi Aircraft SpaceJet prototype, the airframe company said.