A recent poll conducted by GlobalData gauging sentiment in the aerospace industry found that the majority of respondents believed that airlines would avoid investment in new designs, and would instead prioritise the extension of lifespans for existing designs.
Trade organisation ADS has provided an update on its ‘UK Aerospace Supply Chain Task Force’.
The International Air Transport Association (IATA) has urged the International Energy Agency (IEA) to focus its attention on sustainable aviation fuel (SAF) investment.
The International Air Transport Association (IATA) estimated that the airlines could lose $84.3bn this year and the French Government planned to unveil an emergency fund worth up to €10bn for the aerospace industry. Aerospace-technology.com wraps up top news stories of June 2020.
The Australian Government has invested A$240m ($166m) in funding for the International Freight Assistance Mechanism (IFAM).
Israel Aerospace Industries (IAI) is reportedly eliminating 900 employees from its Aviation Group.
Aerospace and defence company Airbus has revealed plans to eliminate nearly 15,000 jobs before mid-next year.
Airbus and the European Space Agency (ESA) have signed a contract to continue operating and using European components on the International Space Station (ISS).
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