The innovation-finance arm of American Express is the latest company to invest in Denver-based supersonic aircraft maker Boom Supersonic. The innovation-finance arm of American Express is the latest company to invest in Denver-based supersonic aircraft maker Boom Supersonic. Boom says it received an investment of undisclosed sum from American Express Ventures, which has helped fund...Continue Reading

A second General Atomics Aeronautical Systems’ Avenger Extended Range (ER) unmanned air vehicle (UAV) received an Experimental Certificate from the Federal Aviation Administration. A second General Atomics Aeronautical Systems’ Avenger Extended Range (ER) unmanned air vehicle (UAV) received an Experimental Certificate from the Federal Aviation Administration. The certificate will allow the company-owned aircraft to operate...Continue Reading

Bombardier aims to achieve 20% profit margins by 2025 through a mix of cost cutting, corporate restructuring, improved productivity, aftermarket expansion and increased sales of high-profit business jets. Bombardier aims to achieve 20% profit margins by 2025 through a mix of cost cutting, corporate restructuring, improved productivity, aftermarket expansion and increased sales of high-profit business...Continue Reading

Brazil’s Azul posted a profit in the fourth quarter of 2020 and is preparing for a stronger-than-industry-average recovery, especially across its domestic network and cargo operations. Brazil’s Azul posted a profit in the fourth quarter of 2020 and is preparing for a stronger-than-industry-average recovery, especially across its domestic network and cargo operations. The Sao-Paulo-based airline...Continue Reading

Safran has secured a credit line of €500 million ($600 million) from the European Investment Bank (EIB) to fund research into “innovative propulsion systems” for the next generation of single-aisle airliners. Safran has secured a credit line of €500 million ($600 million) from the European Investment Bank (EIB) to fund research into “innovative propulsion systems”...Continue Reading