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Despite ongoing interest from potential suitors, Saudi-backed Volocopter, the inventor of the air taxi, said it anticipates remaining independent until after its first commercial flights in 2024, with a public market offering anticipated the following year. Volocopter’s launch funding has topped $518 million, and the business is still raising money. It has received $182 million […]
On October 10, 2022, a “flying automobile” created by Chinese electronic vehicle manufacturer Xpeng had its first open test flight in Dubai. The Dubai International Chamber, one of three Chambers operating under Dubai Chambers, hosted the test flight. Zero carbon dioxide emissions are produced during flight, and the eVTOL X2 flying automobile can operate in […]
Yesterday, Eviation’s Alice electric aircraft made its inaugural flight, hinting at a time when regional trips of hundreds of miles will be completed with no emissions and a great deal less noise. Even though it’s still some time off, today’s demonstration demonstrates that it’s only a matter of time and money. The Alice is a […]
After the lifting of COVID limitations sparked a robust comeback in travel demand, shocking the market and pushing its shares up 6%, Qantas Airways Ltd said on Thursday that it will buy back up to A$400 million ($276 million) of shares. Although the rush to travel once borders opened increased its second-half profitability and assisted […]
Two of the biggest commercial aircraft types now in operation, the Airbus A380 and Boeing 777, will have their whole interior cabins upgraded as part of Emirates’ ongoing efforts. In order to ensure that Emirates’ customers “fly better” in the upcoming years, this enormous project, which represents a multi-billion-dollar investment, will formally begin in November […]
Vistara, an India-based joint venture airline between the Tata Group and Singapore Airlines, is planning to introduce several more routes to the Middle East in the coming weeks. Singapore, Male, and Dubai are among the international destinations covered from Mumbai, while service to Jeddah will begin on August 2. Vistara now operates 53 aircrafts, including […]
Vietnam’s airline company Bamboo Airways to sign $2 billion deal with General Electric (GE) for GEnx engines to power Boeing 787-9 Dreamliner aircraft according to the Chief Executive Officer of Bamboo Airways, Dang Tat Thang. This deal will be signed in the United States in the presence of Vietnam President Nguyen Xuan Phuc during his […]
The German Multinational corporation Porsche SE invests in rocket start-up Isar Aerospace to gain access to new space-based technologies. The company has joined banking group Lombard Odier and venture capital firm HV capital to raise $75 million bringing the fund to $165 million and valuing the group at an estimated $550 million. The executive responsible […]
The airline and the flag carrier, Emirates Group, posts a $ 6.0 billion loss because of COVID-19, its first year of loss in over 30 years. The loss of AED 22.1 billion (US$ 6.0 billion) for the financial year ended in 31 March 2021 compared with an AED 1.7 billion (US$ 456 million) profit for […]
The American Billionaire Jeff Bezos to fly on the first crewed space flight to outer space with his brother Mark from the rocket company Blue Origin Next month. This comes after billionaire Jeff Bezos steps down as the Chief Executive Officer of Amazon the multinational technology company. Jeff Bezos will join his brother Mark Bezos […]
The National Aeronautics and Space Administration is an independent agency ( NASA ) of the U.S. has selected two new Missions to study Venus. The mission which is the part of NASA’s discovery program aims to understand how Venus became an inferno like planet when most of the characters are similar to our planet. From […]
The new Airbus A330neo has become the first large airliner to get certified by EASA (European Union Aviation Safety Agency) for ICAO’s (International Civil Aviation Organisation) new CO2 Emissions standard. Airbus will not only become the first manufacturer to receive such certification for any commercial aircraft globally, this also means that the aircraft which Airbus […]
