Airbus is initiating a turnaround plan for its Space Systems business amid financial challenges, while simultaneously addressing supply chain issues that have hindered its aircraft delivery targets. In parallel, SpaceX is negotiating to establish a more significant operational presence in Australia, which may enhance its testing capabilities for its Starship rockets. The aerospace industry is undergoing significant transformations with a focus on innovative designs and supply chain reconfigurations as companies prepare for the future. Recent aircraft orders at the Farnborough Airshow reflected a downturn, with supply chain constraints overshadowing competition between Airbus and Boeing. Additionally, experts have identified critical barriers to growth in sectors like aviation, including regulatory challenges and economic instability, particularly in Nigeria. Addressing these issues is seen as essential for the aviation sector to reach its growth potential.