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DEFENSE AND SPACE

Boeing | August 01, 2022

Boeing will strengthen its partnership with Japan by opening a new Boeing Research and Technology center. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan's Ministry of Economy, Trade and Industry. Boeing and METI have agreed to broaden their 2019 Cooperation Agreement to now include a focus on sustainable aviation fuels electric and hydrogen powertrain technologies, and future flight concepts that will promote zero climat...

Delta | October 13, 2020

Delta Air Lines sees an opportunity to do a little more regional flying due to changing living patterns in the United States. With new opportunities arising from people taking advantage of work from home programs, Delta could look at new options to medium- and small-sized destinations. FlightGlobal reports that Joe Esposito, Senior Vice President of Network Planning at Delta Air Lines, believes that work from home programs at companies are leading Americans to abandon bigger, more expensi...

DEFENSE AND SPACE

Elbit Systems | April 18, 2022

Elbit Systems UK and KBR Inc's joint venture, Affinity Flying Training Services Ltd (Affinity), has embarked on a series of battery-powered flight tests for the UK Ministry of Defence to assess the feasibility of environmentally friendly alternatives to current military aircraft. The concept of trialling zero emissions aircraft, and the subsequent pathfinder, was brought to the Ministry of Defence by Elbit Systems UK through its joint venture with KBR Inc, Affinity. The introd...

AEROSPACE

Wheels Up | January 28, 2022

Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced it has reached an agreement to acquire Air Partner PLC (LSE: AIR), a U.K.-based global aviation services group with operations in 18 locations and across four continents. Under the terms of the transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $107 million. The acquisitio...