Joby Aviation and Toyota team up to develop eVTOL
Joby Aviation, a California-based aerospace company building small electric take-off and landing (eVTOL) vehicles for potential air taxi service, says it has raised $590 million in Series C funding led by Toyota Motor Corporation.
Airliner deliveries soar to 13,000 aircraft through 2010s
Shipments rise through 10-year period but Boeing 737 Max crisis dampens decade-end peformance
Max effect drags down overall sales and deliveries in 2019
Boeing’s pain across both orders and production significantly impacts overall metrics in the mainline airliner sector
Airbus begins BelugaXL operations
Airbus has started operating the first of the six BelugaXL high-capacity transports it is building to facilitate production ramp-up.
Asia-Pacific deliveries surge in final month of 2019
Asia-Pacific carriers received 86 of the new commercial aircraft delivered in December 2019, with the year’s last month again the biggest in terms of deliveries.
Spirit AeroSystems cuts 2,800 workers in first layoff round
Spirit AeroSystems, supplier of Boeing 737 fuselages, will lay off 2,800 workers this month and make additional cuts in the coming weeks in response to Boeing’s halt of 737 Max production.
EmbraerX and Elroy Air collaborate on drone delivery systems
EmbraerX, the Brazilian planemaker’s innovation subsidiary, says it has signed a collaboration agreement with Silicon Valley drone delivery startup Elroy Air to develop the air cargo market worldwide.
Changing leaders does not solve all Boeing’s problems
Dennis Muilenburg took the Boeing helm in the summer of 2015 during a relatively benign period for the manufacturer. But as he departs, there is a very different atmosphere at the firm’s Chicago headquarters, where the ongoing 737 Max crisis still has many more questions than answers.
Latecoere to acquire Bombardier’s Mexican wiring business
Canadian manufacturer Bombardier is to sell the electrical wiring activities at Queretaro site in Mexico to Latecoere.
Decade of mainline fleet evolution driven by growth and consolidation
Last year the aviation industry marked the centenary of international air travel. While much changed over those first 100 years, the most recent decade has seen some remarkable developments with unprecedented growth in commercial fleets driven by the expansion of the low-cost sector and the rise of new entrants. There have also been some interesting changes in the size and shape of the major airline groups, measured by fleet size.