The funding includes £2 billion for the automotive industry, £960 million for clean energy and £975 million for aerospace, the Treasury said.

Peter Dilnot, who takes over as Melrose’s chief executive officer in March 2024, said that while the supply hitches are boosting after-market demand, they’re limiting planemakers’ ability to build jets.

The system will enable operators, companies, airlines and other agencies to access all types of cargo-related information on a single platform.

The state of the economy and the mounting push to digitize supply chain processes are driving a creative approach to maintaining the integrity of your company's item master.

Saudia Group is planning on announcing the order before the end of 2023, with the airplanes going to Saudia Cargo as well as Flyadeal.

The European company still has 161 deliveries to go in the final two months of 2023 if it wants to meet its target.

By investing in international cooperation and embracing data and technologies, we can illuminate the path to secure semiconductors and a safer world.

The companies said that the feature will accelerate the decarbonization of air freight by allowing customers to purchase certificates that can be applied as direct reductions against Scope 3 emissions.

Saudi Arabia recently introduced a new airline, called Riyadh Air, which aims to provide a level of service and connectivity that equals regional champions Emirates and Qatar Airways.

The company was forced to lower its forecast of 737 Max production from between 400 and 450 planes to 375 to 400 aircraft.