Shares in Virgin Galactic jumped nearly 40% on news that Sir Richard Branson’s spaceship company has been given approval for passengers to fly into space on a commercial basis, while putting pressure on ‘space race’ rivals Elon Musk and Jeff Bezos with Space X and Blue Origin, respectively. Shares in Virgin Galactic have all but
Embraer subsidiary Eve Urban Air Mobility Solutions, Inc. (Eve) has chosen to partner with Blade Air Mobility, Inc. (Blade) for the provision of up to 60,000 hours of flight time for urban air mobility (UAM) electric vertical takeoff and landing vehicles (eVTOLs), from 2026 onwards, to be used for the Southern Florida and American West
Boeing is facing multiple hurdles as China makes it clear that it does not intend to approve, in the near future, alterations made to the Boeing 737 MAX, despite its return to service in the West in April this year. The Civil Aviation Administration of China (CAAC) was the first agency to ground the 737
Having posted a loss of €563 million last year and €103 million for the first quarter this year, Aer Lingus is exploring numerous options with regard to restructuring and obtaining financial support. Owned by IAG, which also owns British Airways, Iberia and Vueling, Aer Lingus has already been the recipient of a €150 million loan
Despite the ongoing coronavirus pandemic and the closure of Terminal one at Dubai International Airport for the previous fifteen months, Dubai Airports, the airport’s operator, remains optimistic that demand will bounce back rather than trickle back as the terminal prepares to be reopened this Thursday. Paul Griffiths, Dubai Airports CEO commented to Reuters news agency
Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA (Norwegian) effective June 21, 2021. He succeeds Jacob Schram. The Board of Norwegian voted on June 20 to end the CEO tenure of Jacob Schram. Schram’s employment contract, signed in 2019, entitles him to nine months’ notice. He will support the Board on
The U.S. Federal Aviation Administration (FAA) has issued a directive for Boeing whereby 737 MAX operators must conduct additional inspections of the jet’s automated flight control system. The directive has ensured that instructions released by Boeing in December, which meant planes with more than 6,000 hours of flight time should undergo specific electronic checks, will
In time for the current steep rise in demand for holiday bookings, the Lufthansa Group’s new leisure airline is ready for take-off. With the issuance of its operating license and Air Operator Certificate (AOC) by the German Federal Aviation Authority, the young start-up airline Eurowings Discover has successfully completed the final stage on its way
A five year truce has been negotiated between the U.S and EU concerning the 17-year spat over aircraft subsidies provided to Boeing and Airbus that were seen as unfair. As a consequence, many of the Trump-era retaliatory subsidies have also been suspended. Since 2004 both planemakers have taken their case to the World Trade Organization
GE Aviation and Safran have launched a bold technology development program targeting more than 20% lower fuel consumption and CO2 emissions compared to today’s engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) program will demonstrate and mature a range of new, disruptive technologies for future engines that could enter service by the mid-2030s. The
