German automotive group BMW has sold almost two-thirds of its shares in Derby, UK-based engine manufacturer Rolls-Royce, leaving it with a stake of around 3.25% in the company, compared with its previous level of 9.02%. BMW says more of its stake could be cut in future and that the current sale will generate a €300 million ($356 million) gain in the first quarter of 2006.
Source: Flight International
Emirates Airline remains resolutely focused on premium passengers, having taken a “diametrically opposite” view to many of its rivals as the industry emerged from the Covid-19 pandemic, says the carrier’s president Sir Tim Clark.
US regulator the Federal Aviation Administration (FAA) will take no immediate action to address a smoke-related issue involving the CFM International Leap-1B engines that power the Boeing 737 Max.
Bankrupt battery maker Northvolt had relationships with some of the best-known electric aviation start-ups but whether its financial troubles will impact its aerospace ambitions remains unclear.
