General Atomics Europe GmbH (GA-E), the medium-size service and consulting company with stakes in eight subsidiaries, has announced its intention to acquire RUAG Aerospace Services (RUAG), formerly part of the Swiss technology group RUAG International. This will enable GA-E to expand its product and service portfolio to include the maintenance and repair of business aircraft
On October 1, Rolls-Royce Holdings (Rolls-Royce) announced its intention to raise at least £1 billion through a bond offering as part of its strategy to raise £5 billion in a recapitalization package to support its long-term strategy. However, unanticipated strong demand for the investor Notes has seen the company double the size of the offering,
In 2018 a feasibility study was launched by ADAC Luftrettung and sponsored by the ADAC foundation to examine if the rescue service system could be improved and future-proofed through the use of multicopters as a means of transport for emergency doctors, in cooperation with Volocopter, which is currently building the world’s first sustainable and scalable
For the month of September, Boeing Co (Boeing) delivered just 11 aircraft, considerably down on the 25 twin-aisle jets it delivered in September 2019, bringing total aircraft deliveries for the year to 98, again greatly reduced from the 301 aircraft delivered in the first nine months of 2019. This has caused considerable cash flow problems
Valdis Dombrovskis, the new EU trade chief has warned the U.S that it needs to withdraw its US$7 billion tariffs it has recently placed on EU products or it will have to deal with a retaliatory US$4 billion in tariffs on exports to Europe. For 16 years there has been a dispute between Europe’s Airbus
Airbus delivered 57 jets in September, up from 39 in August, bringing its annual total for deliveries to 341, a figure down 40% on the same period in 2019. Many of the jets have been delivered from a parked backlog as the European planemaker continues to operate at a reduced output owning to the dramatic
easyJet’s CEO Johan Lundgren has openly turned to the U.K. government to provide a tailor-made package to help the airline industry recover from the catastrophic effects of the COVID-19 pandemic on air travel. The low-cost carrier is set to post its first-ever operating loss and is on target to lose between £815 million and £845
Eying a return to supersonic transatlantic air travel that ceased with the decommissioning of the Anglo-French Concorde 2003, Boom Supersonic (Boom) has unveiled its innovative XB-1 which has a 21.6 m (71 foot-long) fuselage, a carbon-composite airframe and three GE-designed J85-15 engines. Carbon-neutral flight testing is scheduled to begin towards the end of next year
The International Air Transport Association (IATA) has warned that in the second half of 2020, airlines will burn through approximately US$77 billion in cash, while 2021 will see a likely continuance of a cash burn-through rate of between US$5 billion and US$6 billion per month. The IATA is calling on governments worldwide to support the
MTU Aero Engines (MTU), Germany’s leading engine manufacturer, has openly welcomed Airbus’ ZEROe concepts in relation to emission-free aviation. “Hydrogen is a highly attractive future option for us as an engine producer as well,” says MTU Chief Operating Officer Lars Wagner, adding: “It should be used as a fuel right away.” MTU sees three possible
