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Carpenter Technology Advances Aerospace Industry’s Shift to Electric

Carpenter Technology Advances Aerospace Industry’s Shift to Electric

LE BOURGET, France, Jun. 18 (Korea Bizwire) — Carpenter Technology (NYSE: CRS) today announced its involvement with multiple OEMs to progress their electric aircraft aspirations.  Carpenter Technology will provide advanced soft magnetic expertise and ultra-efficient electrical components to be used in R&D and demonstrator motors and engines, leading to construction of lighter-weight, longer-lasting electric propulsion [...]

Boeing to Establish 7th Overseas Tech Research Center in S. Korea

Boeing to Establish 7th Overseas Tech Research Center in S. Korea

SEOUL, Mar. 21 (Korea Bizwire) — U.S. aircraft manufacturer Boeing said Wednesday it plans to establish its seventh overseas technology research center in South Korea this year due to the country’s technological prowess and innovation policies. “Korea is home to premier talent and industrial partners, as well as policies that foster innovation development. These factors [...]

VistaJet Completes 100,000th Flight as Whole and Fractional Aircraft Purchases Decline

VistaJet Completes 100,000th Flight as Whole and Fractional Aircraft Purchases Decline

LONDON, Mar. 13 (Korea Bizwire) — VistaJet, the first and only global aviation company, today announced that it has safely performed over 100,000 flights in its history, recording significant growth as corporations and UHNWIs continue using business jets to travel the world. Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/afab1e13-6b9f-4ec0-b0f8-e6b5e6434476 http://www.globenewswire.com/NewsRoom/AttachmentNg/a3b654d1-e790-4450-8576-695e75cd1824 In the first nine months [...]

Aircraft Finance Market Likely to Rise in S. Korea

Aircraft Finance Market Likely to Rise in S. Korea

SEOUL, Feb. 16 (Korea Bizwire) – South Korea’s aircraft finance sector is likely to grow this year, industry officials said Thursday, amid increased demand from air traffic passengers.  Yoo Byung-soo, who handles aircraft finance at KTB Investment & Securities, said he expects the country’s aircraft finance market to reach between 4 trillion won (US$3.5 billion) [...]