Vertical Aerospace raises $90m by issuing 15 million more shares
Vertical Aerospace has closed a deal under which it raised $90 million in proceeds, generating cash needed to help fund continued development of its VX4 electric air taxi.
Airbus indicates 'operational issues' behind decision to terminate Beluga cargo airline
Airbus has pointed to operational issues as the primary reason for its decision to close its specialised A300-600ST Beluga cargo airline, little more than a year after obtaining certification.
Airbus to close A300-600ST Beluga airline just 14 months after gaining AOC
Airbus has confirmed that it will close its relatively young Airbus Beluga Transport operation, which was intended to cater to demand for outsize cargo carriage.
Boeing reports steep Q4 loss, still tracking for first 777-9 delivery in 2026
The company on 23 January disclosed preliminary 2024 financial results, saying its fourth-quarter loss reflects charges of nearly $3 billion against its commercial and defence aircraft programmes.
Boeing receives 737 fuselage for first US Air Force E-7A Wedgetail
The 737 fuselage made by Spirit AeroSystems was delivered to Boeing’s factory in Renton, Washington on 22 January, where it will be assembled into the first prototype of the US Air Force’s E-7A Wedgetail airborne early warning and control jet.
Textron Aviation’s Q4 profit slips amid strike, while Denali certification continues
Textron Aviation’s fourth-quarter 2024 profit sunk by nearly one-half year on year, due largely to a machinists’ strike that halted production and held up aircraft deliveries.
Boeing needs another regulatory exemption prior to 737 Max 7 and 10 certification
Boeing is seeking temporary regulatory exemptions for a stall-management yaw damper (SMYD) system on the 737 Max 7 and Max 10, saying a classification change left it unable to demonstrate that the systems meet airworthiness standards.
Nordic ‘e-fuel’ producer Norsk lands investment from Boeing
Boeing has invested an undisclosed sum in Norwegian fuel developer Norsk e-Fuel as part of an effort to promote increased production and availability of sustainable aviation fuel (SAF).
SkyAlyne signs for three new-build Dash 8-400s in support of Canadian trainer recapitalisation effort
The joint venture of CAE and KF Aerospace has signed a contract with airframer De Havilland Canada to acquire three Dash 8-400 aircraft for the Royal Canadian Air Force’s Future Aircrew Training (FAcT) programme, which covers 71 new turboprops and helicopters.
Comac targets delivery of 30 C919s in 2025: report
Comac is reportedly targeting 30 deliveries of its C919 aircraft this year, as it expands the production capacity of the narrowbody programme.