Morgan Stanley has significantly reduced its forecast for the urban air mobility (UAM) market by 2040 and now expects regulatory hurdles to result in a substantially slower ramp-up in commercial services than anticipated.
In Western aerospace manufacturing, it is becoming increasingly clear through first-quarter financial reports that a recovery is still a midterm prospect, and OEMs and suppliers face numerous overhangs.
The rapid growth in e-commerce and express package transport has driven Boeing to put in place additional capacity to modify 737-800s to the Boeing Converted Freighter (BCF) configuration.
Startup Wright Electric has begun testing the megawatt-scale power inverter that is a key building block in development of the electric propulsion system for its planned single-aisle airliner.
What now in the post-pandemic world? During several recent trade shows, webinars and Aviation Week interviews, advisors and analysts have shed light on where they think industry giants are going next and why.
Spirit AeroSystems disappointed Wall Street on May 5 with a reported loss and lower revenues than expected, as well as a sobering cashflow forecast for the whole year.
Swiss startup Dufour Aerospace has secured additional funding to take its aEro3 hybrid-electric vertical-takeoff and-landing aircraft into pre-production and certification. The funding round was led by Swiss early-stage investor Session.vc.
Zero-emission startup Universal Hydrogen has made a key hire away from Airbus, naming Mark Cousin, CEO of the European aerospace giant’s Silicon Valley innovation center—Acubed—as its vice president of engineering.
European engineering services company AKKA Technologies is to assist French startup Aura Aero with development of its planned 19-seat Electric Regional Aircraft and Integral E electric aerobatic aircraft.
Lufthansa Cargo said it would equip all its Boeing 777 freighters with AeroSHARK innovative surface technology supplied by Lufthansa Technik and BASF starting in 2022, in an effort to improve fuel efficiency and help meet its long-term sustainability targets.
Safran is proceeding with cost-reduction efforts to offset slower revenues while simultaneously getting ready to accommodate an upcoming production ramp-up.
In a depressed air transport market where passenger transit is not expected to return to pre-pandemic levels until 2024 and belly hold capacity remains limited, Lufthansa Technik and Airbus have presented a new offer to Airbus A330 operators.