The U.S. Transportation Department (DOT) has identified 313 aerospace businesses to be awarded $482.3 million in funding, with Spirit Aerosystems garnering the lion’s share at more than $70 million. 

Energy giant Chevron and renewable fuel producer Gevo have signed an LOI to build one or more facilities to process inedible corn into sustainable aviation fuel (SAF). 

Regional air mobility startup Lilium will become a publicly traded company Sept. 15, with less cash in hand than was hoped for.

The FAA has issued research contracts worth more than $100 million to six aerospace partner companies and teams under the third phase of its long-running Continuous Lower Energy, Emissions and Noise (CLEEN) Program.

In support of U.S. plans to boost sustainable aviation fuel (SAF) production to at least 3 billion gal. a year by 2030, the U.S. Energy Department (DOE) has awarded $64.7 million in funding for 22 projects to produce cost-effective low-carbon biofuels.

The research and technology effort in Europe toward the use of hydrogen in commercial air transport is in full swing, but the readiness level varies depending on the industry segment. 

European flight-training provider Bartolini Air has taken delivery of the first new CAP10C NG as launch customer of the re-introduced aerobatic airplane, which it uses for upset-recovery training.

The move follows Aerion's disclosure in May that it was shutting down operations after failing to secure the large new capital requirements needed to continue to develop the AS2 supersonic business jet