All Aerospace articles – Page 7
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NewsNASA begins X-59 engine runs and now aims for 2025 first flight
The NASA team developing the X-59 supersonic demonstrator jet have fired up the aircraft’s GE Aviation F414-GE-100 powerplant for the first time, having started engine-run tests on 30 October.
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NewsSpirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing’s sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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NewsBeta lands deposit-backed order for up to 20 aircraft from Metro Aviation
Beta Technologies has landed a deposit-backed order for up to 20 of its electric vertical take-off and landing (eVTOL) Alia A250 aircraft from medical operator Metro Aviation.
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AnalysisTariffs, mergers, missiles and SAF: what Harris and Trump policies would mean for airlines and aerospace
The US presidential election on 5 November could determine much about the next four years for US airlines and aerospace manufacturers, leaving firms possibly facing major new policy shifts – or continuation of the status quo.
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NewsReaction Engines to close as cutting-edge SABRE fails to advance
UK advanced propulsion developer Reaction Engines is to close down after it collapsed into administration having failed to secure additional funding.
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NewsBeta betters balance sheet with Series C funding as loan extends Eve’s cash runway
Two of the big players in the emerging advanced air mobility sector have announced fresh financial backing against the backdrop of a tight fund-raising environment and the insolvency proceedings at one of their rivals.
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NewsSJ-100 flight-test campaign awaits PD-8-powered prototypes
United Aircraft acknowledges that it is having to work its way around delays to the domestically-built Aviadvigatel PD-8 engine as its progresses with flight-testing the Yakovlev SJ-100. The SJ-100 is a version of the Superjet 100 adapted to feature a higher proportion of Russian-build components and systems. These include PD-8 ...
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NewsBoeing sweetens offer to striking machinists
The International Association of Machinists and Aerospace Workers (IAM) says it will vote on Boeing’s latest contract offer on 4 November.
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NewsHonda cleared by FAA to begin eVTOL demonstration flights
A division of Honda appears set to begin flight testing a scaled-down prototype of an unmanned electric aircraft, though few details about the development programme are known.
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NewsLilium sale process kicks off as self-administration goes ahead
Insolvency and restructuring experts from Gorg and Pluta Rechtsanwalts will shortly begin seeking buyers for Lilium’s main operating units following their appointment to the German firms under a self-administration process.
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NewsTAI hands over first T625 Gokbey helicopter
Turkish Aerospace (TAI) has delivered the first T625 Gokbey helicopter, part of a launch order for 20 examples from Ankara for the new medium-twin.
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NewsNasdaq stock exchange to delist Lilium following insolvency filings
The Nasdaq stock exchange will halt trading of financially embattled air taxi developer Lilium’s shares after 5 November, a move coming in response to insolvency filings for two of the German company’s main subsidiaries.
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NewsLilium subsidiaries file for insolvency
Lilium’s two principal German operating subsidiaries have filed for insolvency after running out of cash.
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NewsBoeing seeks to raise $19bn via stock sale amid cash crunch
Amid concerns that Boeing does not have enough cash on-hand to support operations, the US airframer disclosed on 28 October a public offering of 90 million shares, plus $5 billion of depository shares.
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NewsTextron trims 2024 financial estimates due to machinists’ strike, delivery slowdown
Executives cut $500 million off Textron Aviation’s expected 2024 revenue following month-long walkout by machinists
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NewsMoody’s thinks Boeing still has negotiating room with union as cash crunch continues
Boeing faces the prospect of losing billions more dollars in the fourth quarter and may need to accelerate efforts to raise cash after machinists on 23 October voted down another of the company’s contract offerings.
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NewsLilium faces insolvency as cash crisis deepens
Lilium’s main German operating subsidiaries are to file for insolvency amid an ongoing cash crisis at the electric air taxi developer.
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InterviewWhy ex-Tornado navigator Nicola Steevenson is on a mission to encourage others
Inspired to fly by a British Airways newspaper advert, Nicola ‘Rosie’ Steevenson served as a navigator in the Royal Air Force and now focuses on human factors, safety, and encouraging others.
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NewsKAI aims to sell 23,000 AAM vehicles by 2050
Korea Aerospace Industries plans to commercialise an advanced air mobility vehicle (AAV) in 2031, following design completion next year.
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NewsProduction troubles push Spirit AeroSystems to $447m loss in third quarter
Aerostructures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant charges taken by the company against several of its financially troubled aircraft programmes.