Wheels Up has entered an agreement to become a publicly traded company through a merger with Aspirational Consumer Lifestyle Corp., a special purpose acquisition company, Wheels Up announced Feb. 1.

As expected, Bombardier has announced the closure of the sale of its rail business to French-based Alstom, with net proceeds of about $3.6 billion, including $600 million in Alstom stock shares.

A South Korean team including an airport operator, air-taxi developer and communications provider has been formed to commercialize urban air mobility in the country beginning in 2025.

As it ramps up plans to launch its regional air mobility service, German startup Lilium has partnered with airport constructor and operator Ferrovial to develop and operate a network of at least 10 vertiports across Florida.

Customers of TransDigm Group expect to pay roughly 2% higher prices this year from the key aerospace and defense parts provider, compared with an average of just 0.8% more across the whole aerospace supplier base, according to new survey results from Jefferies analysts.

Utilizing Aviation Week’s Marketplace the BCA Staff collated three companies specializing in new flight planning. From runway analysis to flight planning, take a look and learn more.

In purely financial terms, it is not one of the biggest deals of the decade. But Gama Aviation’s acquisition of Trenton, New Jersey-based Jet East Corporate Aviation may highlight one way out of the post-COVID-19 doldrums for business aviation MRO.

Avfuel Corp. has formed a partnership with Neste to create a continuous supply of sustainable aviation fuel in the U.S.