Aerospace and defence industry e-procurement exchange Exostar made an operating profit in the fourth quarter of last year, the first profitable quarter since its formation in March 2000. The company - owned by BAE Systems, Boeing, Lockheed Martin, Raytheon and Rolls-Royce - also realised positive net cashflow for the first time.
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.
