Bloomberg
• Mihir Mishra
ISRO placed the next-generation NVS-03 navigation satellite into geosynchronous transfer orbit on a GSLV-F18 launch from Sriharikota. The satellite restores India’s NavIC constellation to its minimum operational configuration of four satellites, a milestone toward reliable operation of the country’s indigenous navigation system.
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Pyongyang displayed a range of reconnaissance, attack and loitering drones, alongside an aspirational stealthy unmanned combat aircraft concept. The showcase offers a public view of the breadth of North Korea’s drone ambitions, though the available report does not detail the systems’ capabilities or operational status.
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ISRO placed the next-generation NVS-03 navigation satellite into geosynchronous transfer orbit on a GSLV-F18 launch from Sriharikota. The satellite restores India’s NavIC constellation to its minimum operational configuration of four satellites, a milestone toward reliable operation of the country’s indigenous navigation system.
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IATA reported a 7.7% year-on-year increase in global air cargo demand in September 2026, or 8.6% for international operations, even as passenger figures fell and higher jet fuel prices pressured profitability. Boeing forecasts cargo traffic will double by 2045, lifting the global freighter fleet to 4,010 aircraft; Middle East demand grew 3.8%.
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Japanese eVTOL developer SkyDrive has signed a memorandum of understanding with six Singapore-based technology companies to explore joint research and development, and technical validation of aircraft components and systems. The agreement establishes a framework for collaboration; the announcement does not specify projects, funding or a commercial commitment.
The Royal Malaysian Air Force has taken delivery of its first KAI FA-50M, which arrived at Labuan Air Base on Oct. 30, marking the start of an 18-aircraft acquisition under its CAP55 modernization program. The aircraft is expected to broaden operational options across the South China Sea as training, weapons integration and logistical support become available.
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IndiGo posted 25.9% revenue growth in Q2 FY27 but recorded an INR 18.8 billion net loss, while Garuda Indonesia’s first-nine-month revenue rose 13.2% to $2.71 billion as its loss narrowed to $179.3 million. ANA cited solid international passenger and cargo demand, raised its full-year revenue forecast and held its profit guidance amid higher fuel prices.
KLM is increasing its A350 service to daily after five weekly rotations, while Philippine Airlines is operating its A350-1000 daily between Manila and San Francisco. PAL says the added premium seats come ahead of the year-end travel peak; KLM’s Montreal and Africa services are still awaited.
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