India has taken a monumental step toward defence self-reliance with the inauguration of its first private military aircraft plant in Vadodara, Gujarat. Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez jointly launched the Tata-Airbus assembly facility, which will be responsible for producing the C-295 transport aircraft. This collaboration marks a significant shift in […]
GA Telesis, LLC, a global aviation leader, announced it has signed a definitive agreement to acquire 23 Airbus A320ceo and A321ceo aircraft from Spirit Airlines, Inc., a move marking the company’s largest-ever non-leased fleet acquisition. This deal, involving planes manufactured between 2014 and 2019 and powered by V2527-A5 and V2533-A5 Select-One™ engines, adds significant value […]
In a dramatic response to its ongoing financial turmoil, Spirit Airlines has announced significant layoffs and plans to sell off a substantial portion of its fleet. This decision comes after the airline’s failed merger with JetBlue Airways, which has left it grappling with considerable losses and increasing debt. Spirit Airlines reported a staggering net loss […]
Boeing has secured $35 billion in financing to cushion itself against the financial ramifications of an ongoing workers’ strike, which has significantly hampered production and delivery schedules. The planemaker announced that it would raise $25 billion through stock and debt offerings, coupled with an additional $10 billion from four major banks. The strike, which involves […]
Boeing has hit turbulence, with its stock plunging to a 52-week low of $156.66 as the company battles an escalating strike and enforces a hiring freeze amid financial distress. More than 33,000 Boeing workers, represented by The International Association of Machinists and Aerospace Workers, are currently on strike after rejecting the company’s proposed 25% wage […]
AIP Capital, an alternative investment manager with a focus on commercial aviation, has announced the completion of a $240 million debt financing deal for ITA Airways, Italy’s national airline. The transaction is secured by three state-of-the-art Airbus A330-900neo aircraft, powered by Rolls-Royce Trent 7000 engines, known for their fuel efficiency and reduced emissions. This financing […]
Airbus, in a landmark collaboration with London Gatwick Airport, easyJet, and Air Products—the world’s largest hydrogen supplier—has taken a significant step toward introducing a hydrogen-powered aircraft by 2035. This partnership underscores a shared commitment to developing sustainable aviation technologies and infrastructure essential for supporting hydrogen-based flight systems. Under the initiative titled “Hydrogen Hubs at Airports,” […]
In a significant advancement for space exploration and environmental monitoring, Airbus has secured a pivotal contract from NASA’s Jet Propulsion Laboratory (JPL) based in Pasadena, California, to design and build the GRACE-C (Gravity Recovery And Climate Experiment-Continuity) twin spacecraft. This marks a crucial step in the continued collaboration between the United States and Germany, fostering […]
In a significant move that underscores its commitment to the aviation industry, Collins Aerospace, a business unit of RTX Corporation (NYSE: RTX), has achieved a critical milestone with the delivery of its first seating shipment from the Tanauan City, Philippines facility to Airbus. The shipment comprises the Meridian main cabin seats designed to enhance passenger […]
Cyient, a renowned global Intelligent Engineering and Technology Solutions company, has entered into a significant multiyear services agreement with Airbus, a leader in the aerospace industry. This partnership focuses on the development of a segment of Airbus’s cabin ‘Intelligent Core Management Platform’ (iCMP), marking a pivotal advancement in cabin and cargo engineering. The collaboration between […]