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Spain’s Volotea restructures finances to avoid dissolution

Spain’s Volotea is restructuring its finances in an effort to avoid dissolution, placing the airline’s corporate and operating continuity at the center of the process. The move highlights financial pressure on the European carrier, though the available report provides no details on creditors, funding or timetable.

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Germany’s first F-35A completes maiden flight ahead of 35-aircraft delivery

Germany’s first Lockheed Martin F-35A Lightning II has completed its maiden flight from the company’s Fort Worth facilities. The milestone advances Berlin’s 35-aircraft program toward initial delivery and U.S.-based Luftwaffe crew training, as the stealth fighter prepares to replace the Tornado in strike and nuclear-deterrence missions.

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Bloomberg

High activity

NATS system issue grounds more than 1,000 UK flights and extends disruption into a second day

A technical problem at the UK’s air navigation service provider NATS grounded more than 1,000 flights, disrupted Heathrow, Gatwick and other airports, and diverted at least two Airbus A380s to Germany. The outage continued into a second day, affecting tens of thousands of travelers and testing network resilience.

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Europe weighs FCAS, GCAP and upgraded Eurofighter Typhoons for its next-generation fighter force

Europe’s future combat-aircraft landscape is taking shape around competing paths: the Franco-German-Spanish FCAS program, the UK-Italy-Japan GCAP effort and continued investment in upgraded Eurofighter Typhoons. A Breaking Defense roundtable examines the options, offering a concise guide to the programs and strategic choices ahead.

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European aerospace startups announce fresh funding, led by The Exploration Company’s $450 million round

The Exploration Company raised $450 million in a Series C to develop reusable spacecraft, bringing its total funding to about $680 million. Separately, France’s Kepplair Evolution secured €6 million for an ATR 72-based firefighting aircraft, while Viraj Aero raised €4.5 million for steam-injection propulsion technology.

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Italy orders two more MQ-9A Block 5 Reapers from General Atomics

The Italian Air Force has ordered two MQ-9A Block 5 Reaper remotely piloted aircraft from General Atomics Aeronautical Systems, adding to Rome’s existing Reaper fleet. The aircraft come from GA-ASI’s remaining inventory of previously unsold “white tails,” extending more than two decades of Italy-U.S. cooperation.

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