Norwegian low-cost airline Flyr will file for bankruptcy on Wednesday, it said tonight on its website. The carrier has been unsuccessful in raising new funding after its financial plan failed to attract investors. Flyr said on Monday that its liquidity position was...
Boeing has been awarded a contract by NASA to develop and build a demonstrator aircraft for the Transonic Truss-Braced Wing (TTBW) concept. The X-plane demonstrator should be ready for flight tests in 2028 and could pave the way for a new aircraft concept. Boeing gets...
Dutch start-up Maeve Aerospace thinks it can hit the sweet spot with its full electric 44-seater that would perfectly fit in between net zero aircraft that other OEMs are planning to bring to the market. With the potential to grow the design, the Maeve would be more...
European aerospace OEMs like Airbus, Dassault, Pipistrel, Rolls-Royce, and Safran can continue or start their research and development programs of disruptive technology for new commercial aircraft. Fourteen projects have been granted a combined €735 million for Phase...
SAS has entered a debtor-in-possession (DIP) credit agreement of $700 million/SEK 7.0 billion with Apollo Global Management. The arrangement will be used as bridge funding while the Scandinavian airline starts its restructuring plans under Chapter 11 bankruptcy...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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