European aerospace leader with commercial, defense, and space divisions
Multiple incidents in the US and abroad involve drones near commercial flights. A JetBlue Airbus A321 hit a drone near JFK, triggering FAA investigations after a near-miss at JFK and a separate interception over Israel linked to a transponder alarm. Investigations seek to determine scope, risk, and regulatory gaps.
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.
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.