Aerospace and defense industry
Why private investors are pouring billions into Europe’s defense tech sector
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Venture capital investment in European deep tech defense, security and resilience startups has grown from $159 million in 2014 to $5.2 billion in 2024 – a 32-fold increase in just a decade, according to the NATO Innovation Fund. So, why are investors […]
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‘We stand ready’: Defense giants welcome Europe’s push to build a drone wall to repel Russia
Police patrol near Christiansborg Palace in Copenhagen, Denmark, September 30, 2025, following recent drone disturbances over Denmark and ahead of meetings of EU heads of state and goverment in Copenhagen on October 1 and October 2. Liselotte Sabroe | Afp | Getty Images Defense giants welcomed Europe’s push to establish a drone wall on the […]
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Spirit Airlines on track for a $475 million bankruptcy lifeline
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a […]
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‘Seconds count’: Avoiding airplane collisions at airports could come down to cockpit alerts
ABOARD A HONEYWELL TEST PLANE — Aerospace giant Honeywell is building new cockpit alerts that developers say will give airline pilots more precious time to react to hazards at airports. Honeywell senior test pilot Capt. Kirk Vining late last month put the alerts — called Surface Alert, or SURF-A — to the test by recreating […]
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Spirit Airlines is halting 40 routes, hires ex-Amazon network planning exec
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines told staff Friday that it’s suspending about 40 routes, finalizing a 25% cut to its November schedule as it scrambles to slash costs in bankruptcy and […]
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FAA to allow Boeing to sign off on 737 Maxes, 787s after years of restrictions
Boeing 737 Max planes sit at the airport in Renton, Washington. Leslie Josephs | CNBC Boeing can sign off on its 737 Max and 787 Dreamliner planes before they’re handed over to customers, the Federal Aviation Administration said Friday, the latest sign the manufacturer is regaining confidence from its regulator after years of safety crises. […]
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U.S. startup airline Breeze Airways plans first international flights
A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Matt May | Bloomberg | Getty Images U.S. startup airline Breeze Airways is planning to fly internationally for the first time early next year, aiming to win over sun-seeking travelers as the carrier enters its fifth year […]
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Spirit Airlines to furlough 1,800 flight attendants to cut costs in bankruptcy
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines is planning to furlough about 1,800 flight attendants, roughly a third of its cabin crew members, to cut costs as the budget airline struggles in its […]
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Spirit CEO says struggling airline will slash flights, braces employees for more job cuts
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines CEO Dave Davis on Wednesday braced staff for more job cuts and said the carrier plans to slash its schedule in […]
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‘That’s cute’: Frontier CEO fires back at United CEO declaring discount airline model dead
President and CEO of Frontier Airlines, Barry Biffle attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022, in New York City. Steven Ferdman | Getty Images Entertainment | Getty Images Frontier Airlines CEO Barry Biffle fired back at his counterpart at United Airlines who said the […]
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