Industry insiders and analysts are increasingly forecasting a 20% or greater falloff in commercial aftermarket revenue this year for manufacturers and other aerospace and defense companies with stakes in the business due to the COVID-19 coronavirus crisis and the collapse in Western air travel.
Military drone manufacturer AeroVironment has granted Canadian unmanned aircraft systems company Draganfly distribution responsibility for a commercial drone it unveiled in 2016.
As a consequence of the COVID-19 pandemic, Airbus has decided to “temporarily pause production” at its French and Spanish sites for four days, starting Mar. 17.
For the first time in years, Boeing’s gross aircraft orders for 2019 slumped to an all-time low fuelled by a drop in orders for the 737 model. Data gathered by Learnbonds.com indicates that the gross orders declined from 1,090 recorded in 2018 to 246 for the last year, a drop of about 80%.
Chinese electric vertical-takeoff-and-landing developer EHang has signed a cooperation agreement with the city government of Seville to launch its first urban air mobility pilot program in Spain.
In light of the current travel restrictions arising from the COVID-19 situation, the ninth Aviation Stakeholders Convention has been rescheduled to take place on 26-28 July 2020 in Nairobi.
The Covid-19 pandemic and disease-containment measures by governments, most drastically the US ban on flights from most of Europe, will shake up the aviation finance sector as airlines struggle to conserve cash amid a collapse in international traffic.
Regional turboprop manufacturer ATR positively contributed to Italian parent company Leonardo’s 2019 results in orders and deliveries, according to Leonardo CEO Alessandro Profumo.
