British billionaire Sir Richard Branson is set to inject over £100 million (US$139 million) into his struggling airline Virgin Atlantic, under a £160 million rescue plan to see the airline through the rest of the pandemic. The UK-based airline announced the £160 million rescue deal, which consists of a £100 million cash injection from Branson-owned
Israel Aerospace Industries has announced that it is entering into a memorandum of understanding (MoU) with Abu Dhabi-based military contractor EDGE to deliver a cutting-edge counter-unmanned aircraft system (C-UAS). IAI will be working closely alongside EDGE’s subsidiary SIGN4L, which specialises in electronic warfare, to manufacture the systems. It is expected that the C-UAS will include
In this cross-posting with The Conversation, health scholar Yara Asi discusses the potential risk of further societal divisions in light of newly introduced ‘vaccine passports’. After a year of cancelled concerts, closed-door sporting events and restricted air travel, vaccine passports are being touted as a way to quicken the route back to normalcy. The premise
Boeing has now confirmed a previously touted new order for 24 737 MAX jets from private investment firm 777 Partners. The order includes an option to purchase an additional 60 MAX aircraft from the troubled US planemaker in the future. 777 Partners, which has a stake in Canadian ultra-low-cost carrier Flair Airlines, will lease 13
European planemaker Airbus is reportedly gauging the interest of airlines and customers for a potential future freighter version of its A350 wide-body passenger jet. The COVID-19 crisis has not only increased demand for e-commerce, but also the movement of medical goods and supplies, which has seen freight demand skyrocket around the world. Further, as more
United Airlines chief executive Scott Kirby has gone against industry consensus to suggest that business travel will return despite the dramatic COVID-induced changes to businesses. Kirby made the comments on Thursday during a CAPA Live online event, where he said that despite the COVID crisis decimating demand for business travel, and the rise of online
