Highly engineered aerospace products provider Crane said March 30 that it will spin off its payment and merchandising technologies businesses into a separate, publicly traded corporation, in part to better focus on core aerospace and electronics end markets
Scotland-based Spirit AeroSystems (Europe) has signed a term sheet in principle with UK startup Electric Aviation Group (EAG) to collaborate on the development of technologies to support zero-emission flight.
The board of directors of the U.S. Export-Import Bank met for the first time under President Biden’s Senate-approved pick to run the bank, Reta Jo Lewis, and quickly doled out financial assistance for Boeing’s embattled airliner supply chain.
While the immediate effects of the Russia-Ukraine war appear to be limited on European air travel demand so far, the invasion has the potential of creating a multi-layered fallout that may have longer-lasting effects than the pandemic.
Etihad Airways has begun operation of its much-delayed Airbus A350-1000, with an inaugural flight from the company’s Abu Dhabi hub to Paris Charles De Gaulle Airport.
The Netherlands government is seeking to triple the country’s airport departure tax to €24 ($27) beginning in 2023, as part of its Recovery and Resilience Plan from the pandemic.
European airlines are hoping increased scrutiny on the sector’s environmental impact will provide the impetus to advance progress on much-needed reforms of the region’s airspace.
Fast-expanding ASL Aviation Holdings (ASL) is potentially doubling its order book for Boeing 737-800 converted freighters with a new firm order for 10, plus 10 purchase rights.
Rising fuel costs and closed borders are keeping China’s national carriers—Air China, China Southern Airlines and China Eastern Airlines—under pressure and, despite increases in passenger revenue, all three saw their losses widen in 2021.
