European aerospace giant; makes commercial aircraft and runs defense, space segments
United and Delta have announced new paid options that remove middle seats in select rows and unbundle premium fares. United will sell an Economy Plus row without a middle-seat on its incoming A321XLRs later this year, and Delta has expanded "Basic" fares into First, Premium Select and Delta One for some routes starting September.
OpenAI is contending in a high-stakes legal battle with Apple over a trade secrets lawsuit that could affect its hardware plans. The dispute centers on alleged misconduct by former Apple employees now at OpenAI, including senior hardware leadership. The case intersects with OpenAI’s rumored IPO timing and its ambitions in hardware.
Germany and France have stepped up cooperation on nuclear deterrence, with Berlin participating in a French-led exercise and reaffirming NATO commitments. The move signals deeper European defence self-reliance amid questions about U.S. security guarantees, while stressing that NATO’s umbrella remains intact.
A Paris Court of Appeal has ruled Air France and Airbus liable for the 2009 AF447 crash, imposing the maximum corporate-manslaughter fines of €225,000 on each company. Relatives of victims describe the ruling as a milestone in a 17-year legal battle; prosecutors anticipate further appeals, prolonging the process.
Airlines face higher fuel bills as Middle East tensions push jet fuel prices up. IATA forecasts profits will halve in 2026 while fares rise to cover costs; some carriers warn of tougher times ahead as demand stays resilient.
France and Germany have announced they will end plans to build a joint sixth-generation fighter jet, after industrial deadlock between Dassault and Airbus blocked progress. Leaders say work on associated drones and a shared combat data network will continue, but the core €100bn fighter programme has been abandoned this week.
Global airlines face a sharp rise in jet-fuel costs as conflict in the Middle East pushes up oil prices. IATA now forecasts profits will fall sharply in 2026, driving airlines to raise fares and adjust routes while governments seek safety measures.
Germany has agreed with France to take a large stake in Franco‑German defence group KNDS and to set joint governance, clearing the way for a potential IPO. Berlin has said it intends to buy roughly 40% from family shareholders to secure long‑term influence over a firm that supplies tanks and armoured vehicles and supports European rearmament.
Qantas has unveiled modified A350-1000ULR jets for ultra-long direct routes from Sydney to London and New York. The airline plans to start selling tickets in February and launch flights in October 2027, aiming to cut travel time and boost premium cabins. The planes feature extra fuel tanks and a four-cabin layout, with a focus on passenger health and comfort over journeys up to 22 hours.
Since late June, civil aviation has faced several safety scares: a JetBlue A321 has reported a collision with a drone near JFK and landed safely; a United and a helicopter pilot have reported near-misses with unmanned aircraft near Newark and Manhattan; Delta 1076 reported a firework strike during descent into Chicago Midway; and LOT Polish Airlines flight 155 emitted a false hijack transponder code and was escorted to Burgas before authorities blamed a transponder error.
Rocket Lab has announced plans to acquire Iridium in an $8 billion deal, aiming to merge launch, manufacturing and a global satellite network to broaden its space-services footprint. The transaction values Iridium at $54 per share and signals ongoing consolidation in the satellite industry as SpaceX broadens its own services.
EasyJet has agreed in principle to a 6.90 per‑share offer from Castlelake, valuing the carrier at about £5.5 billion, with the board saying terms are at a value they would be minded to recommend if a formal bid is tabled. Apollo Global Management has emerged as a rival bidder, widening Europe’s airline M&A contest. Regulators remain a hurdle.
A Ryanair flight from Thessaloniki to Memmingen has returned to Thessaloniki after a passenger window dislodged in flight. A 61-year-old Serbian man has friction burns and is being treated in hospital. Passengers were transported on a replacement aircraft to Germany.
Frontier Airlines plans to equip its first Airbus with Starlink internet in early 2027, joining Indigo Partners’ Wizz Air and Volaris in a broader push toward high‑speed onboard connectivity. Starlink will offer gate‑to‑gate HD streaming and online gaming as part of a wider rollout across more than 1,000 aircraft.