On Tuesday, Airbus SE unveiled its latest concept “blended wing body” design aircraft that could slash carbon emission by as much as 20%. Since 2019, Airbus has been carrying out flight tests of the 10.5 feet (3.2-metre-wide) technology demonstrator, code-named Maveric, at a secret location in central France. The “blended wing body” design has been…
On Tuesday, airplane manufacturer ATR stated, PNG Air has placed an order of three ATR 42-600S aircraft; PNG Air will also become a launch customer for the short take-off and landing version of the ATR 42-600S family. ATR’s CEO Stefano Bortoli stated, the airplane will be delivered after it is certified in 2022.
On Tuesday, Boeing Co stated, BBAM, a lessor, had ordered three 737-800 converted freighters to service the growing e-commerce market and the express sectors of the air cargo market. The planes, which will be converted, will come from BBAM’s existing fleet. “This agreement shows how we can serve our customers by delivering efficient and reliable…
According to new industry forecasts, there will be a drop in the global smartphone production in the first quarter because of the coronavirus crisis. The report also noted a drop in confidence of consumers in Europe because of the impact of the spread of the virus on other industries as well. Temporary shutdown advice by…
The United Kingdom is very keep to complete a trade agreement with Japan within this year, said British Foreign Secretary Dominic Raab. For this purpose, the UK wants to start negotiations on trade with Japan within the next few weeks, Raab said after his meeting with his Japanese counterpart Toshimitsu Motegi. The Japanese minister has…
Two of the most important ride hailing companies of the United States – Uber and Lyft, are focusing differently for growth. While Uber continued to invest in money-losing side businesses, Lyft has completely focused on investing on its core businesses of commuting. This Thursday, Uber announced that it expected to notch up profits throughout the…
On Monday, UK’s Foreign Secretary Dominic Raab stated, Britain takes U.S. concerns on China’s telecoms equipment maker Huawei Technologies very seriously. Last month, Britain allowed Huawei a limited role in building the country’s 5G mobile network, despite U.S. concerns on Huawei. “There has been market failure in terms of high trust vendors being able to…
As per a source familiar with the matter at hand, ViacomCBS is working on a streaming service that will build on its CBS All Access platform. According to ViacomCBS executives, although a firm decision on this is yet to be taken, the company is considering a service with advertisements which will combine CBS All Access…
Twitter beat market expectations for the latest quarter revenues as the micro blogging company topped revenues over $1 billion for the first quarter in its history. The company said this was the result of the efforts of the company to make the social media platform more user friendly which has attracted more people to the…
The coronavirus outbreak in China impacted sale of Yum Brands in the country while the planned turnaround of Pizza Hut in the United States did not do well which forced Yum Brands to issue a warning that results of the company for the current year could be lower than what it had predicted for the…
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