August 13, 2024

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Latest August 13, 2024

China’s Expanding Low-Altitude Economy: Cargo Drone and Air Taxi Milestones

Key Points China's largest cargo drone, developed by Sichuan Tengden, completed its first flight with a 2-ton payload capacity. AVIC's HH-100 cargo drone marks another significant step in China's expanding drone capabilities. Phoenix Wings started commercial drone deliveries of fresh fruit in May, highlighting the benefits of drones in reducing delivery times and costs. EHang...

JetBlue Airways Downgraded by S&P and Moody’s Amid Debt-Raising Plans

Key Points JetBlue's ratings were downgraded by S&P and Moody's after plans to raise over $3 billion in debt. The debt will be secured by JetBlue's loyalty program, TrueBlue, and used to refinance existing debt. S&P downgraded JetBlue to "B-", while Moody's lowered its rating to "B3", citing financial risks and negative cash flow projections....

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