Flight

[New] The UAV (unmanned aerial vehicle) propulsion industry analysis projects the market to grow at a moderate CAGR of 8.73% on the basis of value during the forecast period from 2019 to 2024.
[New] The Federal Aviation Administration is monitoring the security risks posed by drones as their use continues to proliferate, with the agency expecting $9 billion in drone sales by 2024.
[New] With the start of the ground-breaking global CORSIA agreement in 2021, the aviation sector is taking significant steps to harness the power of market forces to tackle climate change.
[New] In preparation for a launch in the third quarter of this year, Rocket Lab has rolled out the first Electron rocket that will lift off from Launch Complex 2, NASASpaceflight.com reports.
[New] Air forces of the future 'will require a fighter system that is highly flexible and can be applied to a wide variety of military operations', a multi-role aircraft then, which is not really all to different to most new aircraft today.
[New] The MRO software market in aviation is projected to grow from USD 6.9 billion in 2020 to USD 8 billion by 2025, at a CAGR of 2.9% during the forecast period.
U.S. airlines are collectively burning more than $10 billion in cash per month and averaging fewer than two dozen passengers per domestic flight in the wake of the coronavirus pandemic as they brace for two or three years until air travel will return to pre-crisis levels.
The International Air Transport Association (IATA) forecasts that global passenger numbers will almost double by 2037, reaching 8.2 billion annually: To match that demand, the aviation industry is continuing to raise output to historic highs.
The International Civil Aviation Organization (ICAO) calls for a significant proportion of conventional aviation fuels to be substituted with sustainable aviation fuels by 2050 in its 2050 Vision for Sustainable Aviation Fuels.
NASA told Spaceflight Now that the third SLS / Orion flight or Artemis 3 mission, which is eyed to be launched as early as 2024, will send astronauts to the moon.
Seeking to improve air traffic management and safety procedures, the aviation industry will focus on connectivity in aircraft cockpits in the coming year.
The International Air Transport Association has warned that revenue from flying passengers could drop by nearly a third of a trillion dollars this year and that 25 million jobs are at risk.
Current plans call for Artemis 1 to be followed in 2022-23 by Artemis 2, a crewed flight test around the Moon, and in 2024 by Artemis 3, which would land astronauts on the south pole of the Moon.
After years of expansion, AirAsia expects to end 2020 with 242 aircraft in its fleet, down one from last year.
On current trends, aviation is likely to be the largest emitting sector in the UK by 2050; emissions are forecast to grow both in real terms and as a proportion of total UK emissions.
Emissions from the aviation sector could be slashed by 38% in 2020 as it faces longer-term pressure to become carbon neutral.
IATA expects the near-total shutdown of global aviation to cut industry revenue this year by more than half, with the $314 billion hit threatening 25 million jobs, and is backing airline demands for government support.
Airlines are lobbying to rewrite the rules of a global agreement designed to tackle aviation emissions, with the coronavirus outbreak expected to make its targets tougher to meet.
International Air Transport Association has projected a 38% cut to air travel in 2020 which equates to a 352.7 Mt fall in global civil aviation emissions compared to last year.
The Committee on Climate Change has made numerous public calls for the UK to include territorial emissions from international aviation and shipping under the new net-zero target for 2050.
The International Air Transport Association warned that flight operators would lose $314bn (£251bn) in revenue this year, about a quarter of typical annual sales.
Britain's biggest airports including Heathrow and Gatwick have written to Prime Minister Boris Johnson to ask that any government support for the aviation industry should include help for airports, which they said could have to shut completely.
The drone market is expected to reach $27.4bn, driven by an increase in demand for faster delivery, amendments in the regulatory framework.

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Last updated: 25 May 2020