Richard Branson’s Virgin Orbit cuts 85% of rocket workforce after funding failure

Billionaire Sir Richard Branson’s Virgin Orbit satellite launch company has failed to secure new funding and as a consequence, approximately 85% of the workforce has been cut. This equates to roughly 675 members of staff, leaving a pared down business with around 100 remaining staff. Virgin Orbit is a California-based company and the staff cuts […]

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Abelo expands ATR order with three more Turboprops

Aircraft & Engines, Top Stories

Turboprop lessor Abelo has confirmed three additional ATR 72-600 options from its agreement signed at the Dubai Airshow in 2023. With these options now exercised, Abelo’s total firm orders stand at 36 aircraft, with a further nine options and purchase rights remaining. Deliveries are scheduled for 2027, supporting the lessor’s growth and its mission to

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B787 cabin modification at the Lufthansa Technik facility in Malta

Lufthansa Technik completes first 787 cabin upgrade in Malta

MRO & Production

Lufthansa Technik has successfully completed its first Boeing 787 Dreamliner cabin modification at its European Centre of Excellence for wide-body base maintenance services in Malta. This milestone marks a significant step in the expansion of Lufthansa Technik Malta’s wide-body service portfolio. The comprehensive upgrade included the removal and installation of a new seating configuration, alongside

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dnata rebrands Italian operations after full integration

Other News

dnata, the global air and travel services provider, has completed the integration of its Italian ground handling business into its global organisation, with all operations now conducted under the dnata brand. This milestone follows dnata’s full acquisition of its Italian ground services subsidiary, previously operating as Airport Handling, after progressively increasing its shareholding in recent

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AerFin acquires fourth former JAL B777-300ER aircraft

Aircraft & Engines

AerFin, the aviation asset specialist that buys, sells, leases and repairs aircraft, engines and parts, has acquired a fourth B777-300ER previously operated by Japan Airlines, continuing its investment in the widely used wide-body platform. The aircraft has recently arrived in Roswell, New Mexico, marking another step in AerFin’s ongoing efforts to strengthen its capability to

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Vertical Aerospace secures up to US$850m funding boost

Financial, Top Stories

Vertical Aerospace (Vertical), a global aerospace and technology company pioneering electric aviation, has signed an agreement in principle as part of a financing package totalling up to US$850 million. The comprehensive package provides the company with a strengthened capital runway to build on recent operational progress and support key strategic milestones over the next 12

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President and Chief Executive Officer of Air Canada, Michael Rousseau

Air Canada CEO Rousseau to retire in 2026

People

The Board of Directors of Air Canada has announced that Michael Rousseau will retire by the end of the third quarter of 2026, following nearly two decades of dedicated leadership that has strengthened the airline’s position both domestically and internationally. Rousseau will continue to lead the company and remain on the Board until his departure.

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Safran establishes new Wallonia subsidiary with €125m investment

MRO & Production

François Lepot, Chief Executive Officer of Safran Aero Boosters, has announced the creation of a new subsidiary, Safran Booster Components, located in Welkenraedt, Wallonia, Belgium. The announcement, made in the presence of Pierre-Yves Jeholet, Vice-President of the Walloon Government and Minister for the Economy, Industry and Employment, supports Wallonia’s reindustrialisation efforts. The new industrial site

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FIGEAC AÉRO has signed new agreements for the production in Mexico © FIGEAC AÉRO

FIGEAC AÉRO secures new Mexico production contracts

MRO & Production

FIGEAC AÉRO, an established partner to major aerospace manufacturers, has announced the signing of new agreements for the production in Mexico of mechanical components for the assembly of passenger seats, electrical harnesses and landing gear, to be fitted to commercial aircraft. These agreements represent expected annual revenue of US$1.5 million. Following three separate tenders in

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AAR posts strong Q3 growth with return to profit

Financial

AAR CORP. reported financial results for the third quarter (Q3) of fiscal year 2026, ended February 28, 2026, with consolidated sales rising 25% to US$845.1 million from US$678.2 million a year earlier. Sales to commercial customers increased 27% (US$130 million), driven by double-digit organic growth in new parts distribution and contributions from the acquisitions of

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Airspace closures cut Middle East flights by 59%

Other News

IBA, the aviation intelligence and advisory company, has revealed that widespread airspace closures across the Middle East since February 28, 2026, have resulted in a 59% reduction in all flights operating to, from, and within the region. This is based on data accurate up to and including March 22, 2026. Data from IBA’s Insight aviation

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Richard Branson’s Virgin Orbit cuts 85% of rocket workforce after funding failure

Abelo expands ATR order with three more Turboprops

Lufthansa Technik completes first 787 cabin upgrade in Malta

dnata rebrands Italian operations after full integration

AerFin acquires fourth former JAL B777-300ER aircraft

Vertical Aerospace secures up to US$850m funding boost

Air Canada CEO Rousseau to retire in 2026

Safran establishes new Wallonia subsidiary with €125m investment

FIGEAC AÉRO secures new Mexico production contracts

AAR posts strong Q3 growth with return to profit

Airspace closures cut Middle East flights by 59%

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