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Europe’s Largest Defense Contractor to Buy eVTOLs From Embraer’s Eve

BAE Systems, Europe’s largest defense contractor, has expanded its strategic partnership with the aircraft manufacturer Embraer [NYSE: ERJ] and its Eve eVTOL [NYSE: EVE] subsidiary with plans to purchase 150 of the forthcoming aerial vehicles. Announced Tuesday at the Farnborough air show in England, Eve said all three companies signed a non-binding letter of intention […]

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Volato Bumps First-Year Captains’ Pay to $150,000

The Atlanta-based fractional jet company Volato is now offering first-year HondaJet captains $150,000 in a recent pay upgrade as the company looks to expand its operation. Additionally, the company will now provide its pilots stock options so that they can share in the company’s growth, similar to competitor Wheels Up [NYSE: UP]. Since its launch […]

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Delta Rakes in Q2 Revenue Despite a Smaller Pilot Workforce

Delta Air Lines [NYSE: DAL] reported Wednesday that its second quarter revenue of $13.8 billion for this year was 10 percent better than the same period in pre-pandemic 2019, a year the airline was named the largest in the world based on revenue. Interestingly, the airline’s recent earnings boost comes despite carrying fewer passengers—15 percent […]

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