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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 […]
The American based aerospace firm, Firefly Aerospace has announced that it picks SpaceX to launch its Blue Ghost lunar lander in 2023. The Senior Vice President of Spacecraft at Firefly Aerospace Shea Ferring, said: “Firefly is excited to fly our Blue Ghost spacecraft on the highly reliable Falcon 9, which will deliver NASA instruments and […]
Japan’s biggest airline All Nippon Airways (ANA) aims for carbon neutrality by 2050 that is by reducing carbon emission levels from aircraft operations to net zero. As part of its latest Environmental, Social and Governance (ESG) goals, updating its target set in July 2020 to reduce CO2 emissions by 50 percent by 2050 (compared to […]
The American technology company Uber, Will partner with Japan airlines (JAL) to offer its services through JAL’s app, the partnership will include plans to implement uber services at international destinations. Japan Airlines conducts domestic and international air transport businesses (passengers, cargo) by 15 consolidated subsidiaries and one affiliated company. Beginning on April 1 2021, Japan […]
The American Multinational company General Electric Co ( GE ) is nearing a deal with Ireland’s AerCap Holdings for $30 billion to combine its jet-leasing business ( Behemoth Aircraft Lessor ). After acquiring International Lease Finance, AerCap has become the world’s largest aircraft leasing company. GE capital aviation services and AerCap both have 3,000 aircraft […]
American aerospace manufacturer and space transportation services company SpaceX raises $850million sending the company’s valuation to $74 billion. SpaceX raised new funds at $419.99 a share just a cent below the $420 price that Elon Musk made infamous in 2018, when he announced that he had “funding secured” to take Tesla private. The current raise […]
The UAE (United Arab Emirates) Hope mission has sent its first image of Mars , the spacecraft entered in to an orbit around the Mars previous week making the UAE the first Arab nation in history to have a scientific presence in Mars. The probe was put in a wide orbit so it could study […]
Lufthansa’s Boeing 777F aircraft has operated it’s first-ever 100% carbon neutral cargo flight, from Frankfurt Germany using only Sustainable Aviation Fuel (SAF). The air freight flight and logistics service provider transported goods from Siemens Healthineers AG. Sustainable Aviation Fuel refers to synthetic kerosene. It is mainly produced from biomass, such as sustainable or recyclable vegetable […]
