Investment bank Rothschild has determined that EADS will have to pay €2.75 billion ($3.5 billion) for
The figure is far less than
In a statement EADS notes: “Some €1.2 billion of Airbus’ cash is currently on loan to
It also says that the EADS board has decided to pay cash for the stake if the transaction goes through – a move that had been widely expected in view of the recent fall in its share price.
Source: Flight International
The US Senate has approved a new Federal Aviation Administration funding bill that includes numerous safety- and airline-passenger related provisions and a measure that would exempt Boeing’s 767 Freighter from emissions requirements for five years.
US air taxi companies keep burning significant cash as they drive toward commercialisation of their respective electric vertical take-off and landing (eVTOL) aircraft.
US air taxi developer Eve Air Mobility has offered a public glimpse of the first full-scale, nonconforming prototype of its electric vertical take-off and landing (eVTOL) aircraft.
