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Aerospace
South Korean Aviation Crisis Prompts Nationwide Boeing Aircraft Inspection Following Fatal Crash
South Korea has announced comprehensive inspections of all Boeing B737-800 aircraft operated by domestic carriers following a catastrophic crash that claimed 179 lives. The devastating incident occurred when a Jeju Air passenger jet failed…
WizzAir Secures Vital Engine Compensation Deal After Fleet Grounding Crisis Hits Profits
Hungarian-based carrier WizzAir has negotiated a crucial compensation agreement with US engine manufacturer Pratt & Whitney following widespread engine issues that led to the grounding of approximately 40 aircraft throughout the year.…
British Airways Loyalty Programme Overhaul Triggers Customer Concerns Over Travel Benefits
British Airways has unveiled extensive modifications to its passenger loyalty programme, igniting significant criticism from loyal customers concerned about losing their cherished travel privileges. The national carrier, which has…
China Moves to Challenge Boeing and Airbus Dominance in Global Aviation Market
China's state-owned Commercial Aircraft Corporation (Comac) is intensifying its efforts to disrupt the long-standing duopoly of Boeing and Airbus in the global aviation marketplace. The manufacturer's C919 passenger jet, which commenced…
UK Defence Industry Skills Crisis Looms as Typhoon Orders Stall
The future of Britain's defence manufacturing capabilities hangs in the balance as BAE Systems' historic Warton facility in Lancashire faces uncertainty over its Typhoon fighter jet programme. The factory, which has been a cornerstone of…
UK Services Export Growth Set To Hit Record £500bn As Eastern European Nations Close Economic Gap
British services exports are projected to reach a historic milestone of £500 billion in 2025, marking a remarkable doubling of foreign business over the past decade. The surge is primarily driven by the nation's robust finance, legal, and…
Boeing Max Plea Agreement Rejected Over Diversity Monitor Selection Requirements
A United States judge has struck down Boeing's guilty plea agreement linked to the fatal 737 Max crashes, citing concerns over diversity, equity and inclusion (DEI) requirements in the selection process for a compliance monitor.
Judge…
BAE Systems Shares Plunge 2bn as Musk Efficiency Drive Sparks Defence Spending Concerns
British defence giant BAE Systems witnessed a staggering £2 billion market value erosion as investors reacted to concerns over Elon Musk's proposed government efficiency programme, which could potentially impact US military spending.
The…
Major European Airports Including London City Birmingham and Bristol Put Up For Sale By Canadian…
A significant shake-up in European aviation infrastructure is underway as Ontario Teachers' Pension Plan (OTPP) initiates the sale of its substantial airport portfolio, potentially valued at more than £10 billion.
The Canadian pension…
Flying Cars Take Off As Joby Aviation Leads The Race To Revolutionise Urban Transport
The future of urban air mobility is rapidly approaching, with California-based Joby Aviation emerging as the frontrunner in the race to bring electric vertical take-off and landing (eVTOL) vehicles to our skies. The company, valued at £4.2…
THG Founder Matt Moulding Offloads Manchester Airport Business Park for 180m Pounds
In a significant property deal, THG co-founder Matt Moulding has successfully completed the sale of his Manchester airport business park for £180 million to RN3 Partners. The transaction marks the largest warehouse deal outside London this…
Ryanair Hit With 108 Million Euro Fine Over Extra Baggage Charges In Spain
Spanish authorities have levied substantial fines against several budget airlines, with Ryanair bearing the brunt of a €108 million penalty for what officials deemed 'abusive' charging practices. The Dublin-based carrier leads a group of…
Elliott Management Takes Aim at Honeywell with $5bn Stake Pushing for Historic Split
Elliott Management has revealed a massive £5bn stake in Honeywell International, marking its largest-ever investment whilst pushing for a significant break-up of the £164bn industrial conglomerate.
The activist investor's bold move…
Rolls-Royce Maintains Optimistic Outlook Despite Ongoing Supply Chain Woes
Rolls-Royce, the iconic British aerospace and defense company, has reaffirmed its profit guidance for 2024 despite persistent supply chain challenges plaguing the industry. This show of confidence comes as the company continues to benefit…
Rolls-Royce Share Prediction: What’s in Store for 2025?
2024 has been an extraordinary year for Rolls-Royce (LSE:RR.) shareholders. The engineering giant has seen its market capitalization skyrocket, with the share price surging more than 80% since the beginning of the year. This impressive…
Boeing Considers Selling Space Division Amid Mounting Financial Pressure
In a significant strategic shift, aerospace giant Boeing is reportedly exploring the sale of substantial portions of its space enterprise, marking a potential end to its six-decade legacy in human spaceflight. The move comes as the company…
British Aerospace Pioneer Reaction Engines Falls Into Administration After Funding Crisis
In a significant blow to British aerospace innovation, Reaction Engines has entered administration following unsuccessful attempts to secure vital funding, marking the end of its ambitious vision to revolutionise air travel through…
Reaction Engines Faces Investor Writedowns as Valuation Plummets
In a significant setback for British aerospace innovation, Reaction Engines, the company developing a revolutionary space vehicle engine, has seen major investors drastically reduce the value of their stakes. Artemis, a prominent…