All aerospace news – Page 9
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NewsVirgin Orbit files for bankruptcy 16 months after going public
Space-launch start-up Virgin Orbit filed for bankruptcy protection in a US court on 4 April, a move coming 16 months after the company became publicly traded amid wide fanfare.
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News
India conducts runway landing test of reusable spacecraft
The Indian Space Research Organisation (ISRO) has successfully conducted a runway test landing of a developmental reusable spacecraft.
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News
SIA cargo head to lead SIA Engineering
The SIA Group has announced two senior management changes, including the designation of a new chief executive officer for SIA Engineering Company (SIAEC).
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News
IHI develops 250kW electric aircraft motor prototype
Japan’s IHI and local collaborators have created a prototype 250kW electric motor for aircraft use.
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News
HAL generates record revenues in latest financial year
Indian airframer Hindustan Aeronautics (HAL) generated record revenue in its 2022-23 financial year, as the company enjoyed strong order flow.
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News
SIAEC signs S$121 million services agreement with Scoot
SIA Engineering has signed a two-year comprehensive services agreement worth close to S$121 million ($90.7 million) with low-cost operator Scoot.
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News
Rolls-Royce overhauls executive team as transformation ramps up
Rolls-Royce has announced several changes to its executive team following the launch in February of a business transformation effort by new chief executive Tufan Erginbilgic.
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News
Virgin Orbit laying off 85% of workforce, plans to cease operations
Cash-strapped Virgin Orbit is laying off 85% of its workforce – about 675 employees – after struggling to operate in recent weeks and ultimately failing to “secure meaningful funding”.
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News
US aerospace leaders disagree on best path to ’net-zero’ carbon emissions
Executives at some aerospace companies clashed on 29 March about which technologies can best help wean the sector off its reliance on fossil fuels.
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News
SMFL stake purchase to accelerate LCI growth, says lessor’s chief executive
Lessor LCI can “accelerate” its growth path on an “exponential scale” following the acquisition of a substantial stake in the business by a Japanese finance house, its chief executive claims.
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News
Heart taps BAE Systems for ES-30 battery work
Sweden’s Heart Aerospace is to work with BAE Systems to define the battery system required for its ES-30 hybrid-electric aircraft.
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Interview
ATR chief admits 2022 orders and deliveries below expectations
New head Nathalie Tarnaud Laude insists Franco-Italian manufacturer is set to return to annual output of 80-plus aircraft by the second half of the decade.
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News
Cathay, ANA, Qantas move to shore up future SAF supply
Cathay Pacific, All Nippon Airways (ANA), and the Qantas Group have announced initiatives aimed at shoring up their future supply of Sustainable Aviation Fuel (SAF).
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News
Vertical seeks Japanese certification for VX4 eVTOL
Vertical Aerospace is seeking Japanese type certification for its VX4 electric vertical take-off and landing (eVTOL) aircraft.
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News
Sumitomo Mitsui Finance to take 35% stake in helicopter lessor LCI
Japan’s Sumitomo Mitsui Finance and Leasing Co (SMFL) is to take a 35% stake in helicopter lessor LCI.
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News
Pacific Air Charters orders two Tecnam P2012s, takes 23 options
Italian aircraft manufacturer Tecnam has secured orders for two of its P2012 Traveller commuter aircraft from Hawaii’s Pacific Air Charters.
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News
BRA lends support to ZeroAvia’s Swedish hydrogen push
Swedish carrier Braathens Regional Airlines (BRA) is to supply turboprop aircraft to ZeroAvia for conversion to hydrogen fuel cell power as part of an agreement to develop zero-emission routes in the northeast of the country.
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Lilium confident of securing additional funding on top of November capital raise
Lilium remains “encouraged” by the progress of fund-raising discussions with new and existing shareholders as it bids to keep development of its electric vertical take-off and landing Lilium Jet on track.
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News
Spirit AeroSystems to work with Skyworks on VertiJet VTOL design
Spirit AeroSystems’ units in Northern Ireland and Scotland have tentatively agreed to collaborate with Skyworks Aeronautics on the design of the latter’s proposed VertiJet vertical take-off and landing (VTOL) gyroplane.
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News
Ascendance secures more funding for Atea hybrid-electric VTOL programme
Ascendance Flight Technologies has raised €21 million ($22.7 million) in its latest funding round, which the French start-up will use to accelerate development of its proposed Atea hybrid-electric vertical take-off and landing (VTOL) aircraft.
