A recovery is expected to start this year but the French aerospace industry is still in the middle of its endeavor to save jobs and skills, showing solidarity and exploiting state aid programs.
The publicly traded aerospace and defense (A&D) sector saw its share prices fall 16% collectively in 2020, with commercial aerospace companies plummeting 21% and defense companies dropping 8%, according to Vertical Research Partners.
The U.S. Commerce Department on Dec. 18 added 77 mostly Chinese companies, including small drone manufacturer DJI, to its Entity List of companies subject to export restrictions “for actions deemed contrary” to U.S. interests.
Startup ZeroAvia has raised $37.7 million in funding to develop a zero-emission hydrogen fuel-cell propulsion system to power 19-seat regional airliners.