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Singapore prepares to host Asia’s largest air show for the first time post-COVID border restrictions, signaling a rebound in regional travel and military interest despite lingering challenges.
The aviation industry faces hurdles due to supply chain disruptions and macroeconomic challenges, particularly in China, the world’s second-largest aviation market, amidst ongoing geopolitical tensions.
The air show marks the debut of China’s domestically produced passenger jet, the COMAC C919, outside Chinese territory, showcasing China’s ambitions in the commercial aviation sector amid global supply chain dependencies.
While COMAC aims to position itself as a credible alternative to Airbus and Boeing, industry insiders caution about certification limitations, supply chain reliance, and market acceptance despite growing interest from potential clients.
COMAC joins Airbus in exhibiting commercial aircraft, while Boeing abstains from showcasing its planes following recent safety concerns, underscoring the industry’s heightened focus on aviation safety and crisis management.
Analysts note a departure from past practices of avoiding public discussions on aviation safety, as recent incidents prompt industry stakeholders to address safety concerns more openly, reflecting changing dynamics within the sector.
Volvo Cars has reduced its margin and revenue expectations for the second time this year. This
Safe Superintelligence (SSI), co-founded by former OpenAI chief scientist Ilya Sutskever, has successfully raised $1 billion
According to two sources familiar with the matter, Tesla plans to introduce a six-seat variant of
Cryptocurrency investors and industry executives plan to raise at least $100,000 for Vice President Kamala Harris
Warren Buffett’s conglomerate, Berkshire Hathaway, has reduced its stake in Bank of America (BofA) by selling
