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Aviation International News | March 09, 2020
UK-headquartered aerostructures, components, and systems provider GKN Aerospace reported a 7 percent increase in sales in 2019 and a jump on future business with a couple of key contracts, including from Gulfstream Aerospace and Aerion Supersonic. At the same time, GKN said it anticipates some negative impact in 2020 related to the COVID-19 outbreak. GKN Aerospace brought in £3.852 billion ($5.03 billion) in revenue and posted a profit of £409 million for the year, exceeding expectat...
Buying Business Travel | January 21, 2020
Lufthansa Group has become the first airline company to invest in business travel platform TripActions, kicking off a strategic partnership. The investment – made through the Lufthansa Innovation Hub – comes as TripActions continues to expand into Europe after opening offices in London and Amsterdam in 2018. It marks Lufthansa’s fourth investment in a tech company and closes a Series D funding round with more than US$250 million raised at a valuation of US$4 billion. TripAction...
Joby Aviation | June 04, 2021
Joby Aviation, a California-based company developing all-electric aircraft for commercial passenger service, today announced it has partnered with REEF Technology (“REEF”) and Neighborhood Property Group to develop takeoff and landing sites for its aerial ridesharing service, launching in 2024.
REEF is the country’s largest parking garage operator focused on transforming these underutilized assets into multi-use mobility hubs. REEF’s assets include more than 5,000 ...
Belen Regional Airport | May 23, 2020
Despite the ongoing turmoil in aviation due to the COVID-19 pandemic, a New Mexico airport is proceeding with its plans for a new general aviation terminal.
Belen Regional Airport (KBRG) is approximately 25 nautical miles southwest of Albuquerque. In addition to a strong local general aviation presence, the airport has also seen an increase in transient GA and business aviation traffic since the addition of a crosswind runway in 2015. The airport also hosts U.S. Air Force (USAF) training ...
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