Airbus has reached an “agreement in principle” with France’s financial prosecutor (Parquet National Financier or PNF), the UK Serious Fraud Office (SFO) and U.S. authorities, the company confirmed Jan. 28.
Uber is launching a three-year, “multimillion-dollar” community engagement plan to pave the way for the anticipated start of commercial urban aerial ride-sharing services in its pilot cities of Dallas, Los Angeles and Melbourne, Australia.
Fort Worth-based Novaria Group, a holding company rolling up Tier 2 and 3 aerospace and defense suppliers, has changed ownership itself, with Rosewood Private Investments and Tailwind Advisors selling to major investment firm KKR.
Fast-growing LCC Wizz Air had selected Pratt & Whitney’s GTF engine to power 166 Airbus A320neo family aircraft the Hungarian LCC has on order, Pratt said Jan. 27.
A new mandate to de-pair high-time Rolls-Royce Trent 1000s related to unexplained engine compressor surge issues is not expected to lead to more Boeing 787 groundings, the manufacturer said.
A European consortium of industry and academia will develop a road Map for furthering hybrid-electric propulsion for commercial aircraft under a project funded by the European Commission (EC).
Ad Astra Rocket Co. is poised to bring the company’s Variable Specific Impulse Magnetoplasma Rocket electric propulsion system to a Technical Readiness Level of 6.
