The UK has launched the second phase of a £300 million ($366 million) challenge to develop a novel aviation system enabling safe operation of new types of aircraft including delivery drones, urban air taxis and electric regional aircraft.
Among the long-term ripple effects of COVID-19, add this: aerospace and defense (A&D) companies are going to become a lot more digital, from tip to tail.
Specialist aircraft-finance consultancy IBA has forecast that 7.5% of the world’s narrowbodies and 30% of widebodies could be prematurely withdrawn from service over the next 20 months, creating a 2,500-aircraft oversupply.
De Havilland Aircraft of Canada expanded its “simplified package freighter” conversion program to its legacy Dash 8s, announcing Transport Canada approval and a launch customer.
Turboprop manufacturer ATR enjoyed a significant increase in orders in 2019 and believes that the regional market will be one of the first to recover from the effects of the COVID-19 pandemic.
Mitsubishi Heavy Industries (MHI) has suspended development of the M100 version of the SpaceJet regional jet as one measure in stanching the cash bleed from the program.
Avianca Holdings, one of Latin America‘s largest airlines, has filed for chapter 11 bankruptcy in New York after failing to secure a government bailout before the deadline for a $66 million bond repayment due this month.
SALZBURG—As part of its new program that reconfigures passenger aircraft for cargo operations in the age of COVID-19, Lufthansa Technik has signed its first agreement to convert an Airbus A380.
Boeing formally has decoupled restarting production of the 737 MAX from the recertification effort for the grounded narrowbody, and the OEM and leading supplier
Rolls-Royce says it is “actively pursuing” changes to its business to better align with medium-term market conditions as the coronavirus pandemic hits engine production and maintenance volumes.
Bombardier’s CRJ program, but not its production facilities, will become part of a marketing and support unit of Mitsubishi Heavy Industries (MHI) on June 1, eventually backing the Japanese group’s SpaceJet regional jet.