Ryanair forecasts $1 billion loss for fiscal year '21

Ryanair forecasts $1 billion loss for fiscal year '21

By Anna Domanska - Feb 01, 2021

Ryanair, Europe’s biggest low-cost carrier, has reported a net loss of $369 million (306 million euros) for the quarter ending December. Ryanair forecasts this fiscal year to be

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Japan developing wooden satellites to reduce space junk

Japan developing wooden satellites to reduce space junk

By Christy Gren - Jan 05, 2021

Researchers from Kyoto University are developing a wooden satellite that would burn up completely at the end of its life in a bid to reduce space debris.

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Lockheed Martin wins $4.9 billion U.S. Space Force contract

Lockheed Martin wins $4.9 billion U.S. Space Force contract

By Christy Gren - Jan 05, 2021

Lockheed Martin won a contract worth up to $4.9 billion to supply three OPIR satellites that are a part of the next-gen of missile warning systems.

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Covid-hit British Airways secures £2 billion loan backed by UK Export Finance

Covid-hit British Airways secures £2 billion loan backed by UK Export Finance

By Christy Gren - Jan 04, 2021

The loan comes with conditions on BA being able to pay dividends to its parent company IAG during the term of the loan.

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Japanese airline industry leader ANA Holdings seeks to raise $3.2 billion

Japanese airline industry leader ANA Holdings seeks to raise $3.2 billion

By Christy Gren - Nov 27, 2020

ANA Holdings Inc. plans to raise up to $.32 billion (¥332.1bn) via an overseas share placement to survive the worst financial crisis spurred by the ongoing coronavirus pandemic.

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Rolls Royce Raises 2 Billion Pounds in a Rights Issue

Rolls Royce Raises 2 Billion Pounds in a Rights Issue

By Christy Gren - Nov 13, 2020

Rolls Royce’s stock have halved after the British engineering company’s shareholders voted in favor of a £2 Billion ($2.6 Billion) rights issue. What are the details of the ri

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SpaceX continues to bolster its internet satellite Starlink with additional launches

SpaceX continues to bolster its internet satellite Starlink with additional launches

By Christy Gren - Oct 20, 2020

Internet connections are going astral with SpaceX putting a slew of Starlink satellites in the near-earth orbit to bolster speed and connections.

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Singapore Airlines Opens Pop-up Restaurant in 380As

Singapore Airlines Opens Pop-up Restaurant in 380As

By Anna Domanska - Oct 12, 2020

Desperate times call for desperate measures and Singapore Airlines is doing that. Its pop-up restaurant seats sold out in just half an hour.

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Airline industry on the brink of collapse with no aid in sight

Airline industry on the brink of collapse with no aid in sight

By Christy Gren - Oct 07, 2020

With no hopes of a stimulus package soon, the airline industry is facing absolute chaos with millions in job losses and almost $2 trillion in global GDP.

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