14 December 2020

Rolls-Royce sets ball rolling for 2021 disposal of ITP Aero

As part of its £2 billion disposal plan announced in August, Rolls-Royce has announced that it intends to dispose of Industria de Turbo Propulsores (ITP Aero) which has seen a continued negative impact on trading owing to the challenging civil aerospace market. However, defense, which represents 25% of ITP Aero volumes, benefited from the Eurofighter […]

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DAE delivers first of 18 Boeing 737 MAX 8 aircraft to American Airlines

Dubai Aerospace Enterprise (DAE) has delivered the first of 18 Boeing 737 MAX 8 aircraft to American Airlines as part of the purchase-and-leaseback agreement signed with American Airlines in the third quarter of this year. Delivery of the remaining aircraft is expected to be completed in the coming months. Firoz Tarapore, Chief Executive Officer of

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BA to partner with ZeroAvia to speed up switch to hydrogen-powered passenger aircraft

British Airways has teamed up with ZeroAvia, a leading innovator in decarbonising commercial aviation, in a project to explore how hydrogen-powered aircraft can play a leading role in the future of sustainable flying. The collaboration, which reflects the importance of sustainability at British Airways, will see ZeroAvia embedded in the heart of the airline. The

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Leonardo secures €200 million financing from the European Investment Bank

Leonardo and the European Investment Bank (EIB) have signed a loan agreement of €200 million. The financing has the purpose of supporting the investment projects planned in the group’s industrial plan against the background of the impact of the COVID-19 pandemic. This further loan by the EIB brings the investment support of the loan signed

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