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Airbus BizLab Eyes to Acquire Stake in Indian Startups

14Jul By Gauri SinghNo Comments

ACQUISITION

Airbus BizLab Eyes to Acquire Stake in Indian Startups

Global aerospace accelerator, Airbus BizLab is eyeing to acquire the stake in Indian startups that it has been working with. However, there has not been any confirmation regarding this news. Earlier, Airbus subsidiaries, Navblue and Aerial signed deals with three Indian startups, accelerated at Airbus Bizlab India, in the segments of aeronautical data services, flight operations and imagery. If and when an equity participation takes place, it will be a departure from Airbus BizLab’s usual way of funding the startups. This is only limited to their business initiatives proofs of concepts. BizLab funds each proof of concept with a maximum of 50,000 euro (Rs 39,80,000). Since the past three years, BizLab has boosted up 50 startups and 40 internal projects, which have raised ...

Airbus CEO To Step Down In 2019, Know Why

15Dec By RishabhNo Comments

News

Airbus CEO To Step Down In 2019, Know Why

European multinational corporation Airbus that designs, manufactures, and sells civil and military aeronautical products worldwide recently said that its CEO Tom Enders will step down from his post in April 2019. Airbus is now preparing for a complete transition of its top management with the departure of two seniors as the planemaker grapples with corruption allegations. The company said Enders, who will have been at the helm of Airbus and defense firm EADS for 14 years, won't seek another term. The 59-year-old was quoted Friday as saying Airbus needs "fresh minds for the 2020s" and he would use the remainder of his time to ensure a smooth transition and to strengthen the company's ethics and compliance programs. While Enders will be stepping down when his term ends in 2019, A...

Mahindra Aviation Unit Bags Contract From Airbus

21Jun By Ankita SinghNo Comments

BUSINESS

Mahindra Aviation Unit Bags Contract From Airbus

European aviation major Airbus has awarded a long-term contract to Mahindra Aerostructures to manufacture and supply a set of components made of hard metals. These components aerospace steel, titanium and Inconel - will be used in manufacturing single aisle A320neo and wide-body A350XWB aircraft, a release said here today. This will be the first direct work package from Airbus to Mahindra Aerostructures, which will execute the work together with its sub-tier French firm Segnere SAS, it said. According to the release, the products will be delivered directly to Airbus facilities in Europe from India and France, thereby providing the leading aircraft maker an optimum mix of cost structures and logistics flexibility. Segnere has several years of experience working with hard metals ...

Russian Inventor designed ‘detachable cabins’ that can save lives during plane crash

19Jan By AnkitaNo Comments

News

Russian Inventor designed ‘detachable cabins’ that can save lives during plane crash

A Russian inventor claims that he has perfect plan for "detachable cabins", which could save lives in a plane crash. Vladimir Tatarenko unveiled the patented concept, which he’s been working on for three years. The early stages of his concept in a video that sees the capsule detach from the cockpit of the plane. “Surviving a plane crash is possible. While aircraft engineers all over the world are trying to make planes safer, they can do nothing about the human factor,” he reportedly told LiveLeak. The demonstration shows how the cabin can detach at any time throughout the flight, including takeoff and landing, and, with the help of parachutes, safely land on water or ground. Passengers may be pleased to learn the cabin would also include the undercarriage of the plane, ...