Ryanair forecasts $1 billion loss for fiscal year '21
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
Japan developing wooden satellites to reduce space junk
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.
Lockheed Martin wins $4.9 billion U.S. Space Force contract
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.
Covid-hit British Airways secures £2 billion loan backed by UK Export Finance
The loan comes with conditions on BA being able to pay dividends to its parent company IAG during the term of the loan.
Japanese airline industry leader ANA Holdings seeks to raise $3.2 billion
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.
Rolls Royce Raises 2 Billion Pounds in a Rights Issue
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
SpaceX continues to bolster its internet satellite Starlink with additional launches
Internet connections are going astral with SpaceX putting a slew of Starlink satellites in the near-earth orbit to bolster speed and connections.
Singapore Airlines Opens Pop-up Restaurant in 380As
Desperate times call for desperate measures and Singapore Airlines is doing that. Its pop-up restaurant seats sold out in just half an hour.
Airline industry on the brink of collapse with no aid in sight
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.
