The European aerospace sector is preparing for significant trade headwinds as Airbus chief executive Guillaume Faury signals mounting concerns over potential US tariffs under a second Trump presidency. The industry
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SpaceX’s remarkable technological achievement on 13 October marked a pivotal moment in space exploration economics. The successful launch and recovery of Starship, the world’s most powerful rocket, demonstrated a significant
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
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
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 experienced
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
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
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
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
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
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 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
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
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
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 from a strong rebound in international air travel, driving demand for its aircraft engines and related services.
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 performance can be attributed to a new management team successfully steering the company back to profitability.
