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Latvia extends airBaltic’s government loan repayment deadline

Latvia’s government has extended the deadline for airBaltic to repay a state loan, giving the airline additional time to meet its financing obligations. The decision keeps the carrier’s government-backed funding and financial position in focus as Latvia weighs airBaltic’s future strategy.

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Stolen Cessna 172 nears Hungary’s Paks nuclear plant; Gripens scrambled

Hungarian Gripens launched on Aug. 29, 2026, after a Cessna 172 taken from Kalocsa-Foktő airfield flew toward the Paks nuclear power plant. The incident highlights the security exposure posed by unauthorized access to general-aviation aircraft near critical infrastructure and the role of rapid military interception.

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Reuters

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Fuel shock pushes TAP and China’s Big Three into deeper first-half losses

TAP Air Portugal lost €99.2 million in the first half of 2026, while Air China, China Eastern and China Southern reported a combined RMB8.17 billion loss. Higher fuel costs overwhelmed stronger traffic at TAP and exposed weak domestic pricing and summer demand in China ahead of TAP’s planned partial privatization.

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NASA Spaceflight

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ESA commits €543.6 million to three startups in first European Launcher Challenge contracts

The European Space Agency has awarded the first contracts under its European Launcher Challenge, committing €543.6 million to three European rocket startups. The initiative is intended to broaden Europe’s launch options beyond Ariane 6 and Vega-C, expanding the region’s commercial launch ecosystem.

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