Norddeutsche Landesbank, active in aircraft financing for over 40 years, plans to sell €1.67 billion of its €2.75 billion aviation portfolio to Deutsche Bank.
With just three weeks left before the UK’s general election, Britain’s two main political parties have laid out their vision for defense in their manifestos.
Lilium CEO Klaus Roewe expects $100 million in loan guarantees from the German and Bavarian governments, while talks with France toward $200 million continue.
Combined German 2023 defense industry sales have advanced 19% year-on-year to €10 billion ($11 billion), ahead of the 18% growth recorded by the civil sector.
Partners in the Eurodrone program have completed the preliminary design review for the twin-engine medium-altitude, long-endurance (MALE) uncrewed air system.
The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.
By Joe Anselmo, Jens Flottau, Ben Goldstein, Sergio Cecutta
Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.
French President Emmanuel Macron has hinted at the creation of a new European defense initiative around providing stronger air and missile defense for Europe.
Spanish defense firm Grupo Oesia will support production of components for Patriot Advanced Capability — 3 (PAC-3) Missile Segment Enhancement (MSE) weapons.
