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home / articles / EADSY - Elon Musk's SpaceX Faces New Rival? Airbus' AALTO Reportedly Unveils High-Altitude Drones In Kenya | Benzinga


EADSY - Elon Musk's SpaceX Faces New Rival? Airbus' AALTO Reportedly Unveils High-Altitude Drones In Kenya | Benzinga

A subsidiary of Airbus SE (OTC: EADSY) (OTC: EADSF) is reportedly advancing in the development of high-altitude, solar-powered drones designed to provide communication services. 

The company aims to establish its first hub in Kenya, preparing to initiate commercial operations, according to a news report by Bloomberg.

Unit AALTO HAPS Ltd. plans to deploy its Zephyr aircraft, capable of remaining airborne for days, from four or five global bases, beginning with Kenya, as per the unit's CEO, Samer Halawi, in a Nairobi interview, Bloomberg noted.

Also Read: Airbus Secures Major A320neo Order From SMBC Aviation Capital, Strengthening Long-term Strategic Partnership

"We're going to ...

Full story available on Benzinga.com

Stock Information

Company Name: Airbus SE ADR
Stock Symbol: EADSY
Market: OTC

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