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Israel Aerospace signs deal for Boeing 777 cargo conversions in South Korea


By Reuters Staff
1 Min Read
FILE PHOTO: An IAI cargo Boeing 777 flies over Masada during a flyover by IAI (Israel Aerospace Industries) planes on Israel s Independence Day, which marks the 73rd anniversary of the creation of the state, Israel April 15, 2021. REUTERS/Amir Cohen/File Photo
JERUSALEM (Reuters) - Israel Aerospace Industries (IAI) said on Tuesday it plans to open a facility in South Korea’s Incheon International Airport to convert Boeing 777 passenger planes into freighters that will begin work in 2024.
Demand for cargo plane conversions has been on the rise with the increase in ecommerce and the decline in value of used planes during the COVID-19 pandemic. ....

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UK's Arrival, Uber to develop electric ride-hailing 'Arrival Car'


3 Min Read
LONDON (Reuters) - British electric van and bus maker Arrival will develop an electric car for Uber Technologies Inc that will go into production in late 2023, the two companies said on Tuesday.
Slideshow ( 5 images )
Arrival and Uber will also explore a strategic relationship in key markets, including the United Kingdom, European Union and United States.
The “Arrival Car” will be an “affordable, purpose-built electric vehicle for ride-hailing,” and will go into production in the fourth quarter of 2023, the companies said.
Uber plans to be a fully electric mobility platform in London by 2025, and across North America and Europe by 2030. The company has raised more than 135 million pounds ($188 million) to help its drivers in London upgrade to an electric vehicle by 2025. ....

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