Safran has entered into exclusive discussions to acquire 100% of Preligens, a leader in artificial intelligence for aerospace and defense, for an enterprise value of 220 million euros. Founded in 2016, Preligens provides field-proven AI analytics solutions for high-end imagery, full motion video and acoustic signals. The company develops complex algorithms and software to analyze and automatically...
Etihad Cargo is expanding its freighter network with a new route to Madrid. Starting 15 July 2024, Etihad Cargo will operate two weekly Boeing 777 freighter flights between Abu Dhabi and Madrid, adding over 200 tonnes of cargo capacity for Europe. Stanislas Brun, Vice President Cargo at Etihad Cargo, commented: "Launching Madrid as Etihad Cargo’s latest European freighter desti...
As artificial intelligence inexorably advances into many areas of the economy, the labor market is facing significant changes. According to the International Monetary Fund, the development of AI will impact as many as 40% of jobs soon, and as many as 60% in advanced economies. Meanwhile, the World Economic Forum predicts that AI solutions will eliminate up to 85 million jobs by 2025. How will AI c...
Archer Aviation announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area - South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer network is anticipated to provide unprecedented connectivity to communities around the region, allowing people to replace one-to-two-hour drives to cities around the bay with fl...
CAE inaugurated its first Gulfstream-dedicated business aviation training center, which will be a key component to training more pilots and maintenance technicians over the coming decades. Located near Gulfstream Aerospace Corp. headquarters in Savannah, the new center has a capacity for up to four full-flight simulators (FFS). The first, a Gulfstream G550 FFS, began operating last January, and th...
In a strategic move to provide flight training for Northern Europe,Sevenair Academy has partnered with Icelandic Aviation Training. This collaboration integrates the vast experience of Icelandic Aviation Training’s training and management team, led by seasoned Icelandair Captains, with the advanced flight training capabilities and infrastructure of Sevenair Academy. With this new p...
Sedona-Oak Creek Airport Authority in partnership with Avfuel Corporation, and Red Rock Aviation announce Sedona Airport now offers an emissions-reducing fuel option: sustainable aviation fuel. The airport is Avfuel first location to offer SAF in the state of Arizona, positioning it as a leader in eco-conscious aviation operations. While the fuel is available for sale to general aviation...
EOS-X SPACE faces the last half of 2024 in a decisive way to complete its start-up and mark a historic milestone for Spain in this incipient industry, which currently represents a market of more than 9 billion dollars in revenues. Kemel Kharbachi, company, founder and CEO, is finalizing the development of the Spaceship capsules, the necessary validation tests -which w...
A study commissioned by Airbus Corporate Jets reveals that the primary reason U.S. senior business executives from companies that lease or own private jets are considering upgrading their fleets within the next five years is a growing focus on sustainability and the use of sustainable fuels in newer models. The second most significant factor driving potential upgrades is an increased emphasis...
To support the continued growth of the business and ensure it can meet the demands of its ever-expanding client list, Caerdav is to open a third line of maintenance at its St Athan base, alongside making significant investment in expanding its in-house capabilities. Following extensive remodelling of one of the company’s two hangars to house an additional Boeing 737 or Airbus A320, the new t...
In a significant boost to regional connectivity, flybig has commenced flight services from Lucknow to four key destinations such as Azamgarh, Aligarh, Chitrakoot, and Shravasti. These routes, with affordable fares are already operational, offering enhanced travel options and promoting tourism in these culturally rich areas. This initiative aligns with the Modi government's strong emphasis...
Regional Maltese airline, Universal Air, celebrated five inaugural flights this month, marking the official launch of its regular summer services to a variety of destinations in the Mediterranean. From its hub at Malta International Airport, Universal Air flew to Ibiza on 31 May, Corfu on 1 June and to Nice on 3 June. Routes between Pecs and Corfu (5 June) also began. Universal Air...
