Air-to-ground network (ATG) developer SmartSky Networks has announced the opening in the southeastern U.S. of the first fully operational coverage area of its inflight communications network for route-based demonstrations.
Sounding Board: Five Minutes With Yingling Aviation President Andrew Nichols
Credit: Yingling Aviation
Yingling Aviation, based at Dwight D. Eisenhower National Airport in Wichita, originally began business in 1946 as the first Cessna Aircraft dealer. This year, it is celebrating its 75th anniversary. Andrew Nichols was promoted from chief financial officer to president in 2019, succeeding his dad, Lynn Nichols, who bought the business in 2000.
Investment firm KKR is providing a credit facility of up to $150 million to support the growth plans of private aviation services company Jet Edge International, the companies announced on June 8.
Investment Firm KKR Agrees To Buy Atlantic Aviation
Credit: Atlantic Aviation
Investment firm KKR has agreed to acquire fixed-based operator (FBO) Atlantic Aviation from Macquarie Infrastructure Corp. (MIC) for $4.48 billion and assumed debt, the companies announced on June 7.
Icon Minority Investors File Suit Against Chinese Shareholders
Credit: Molly McMillin
Icon Aircraft’s minority investors, including its cofounders and a former Boeing chairman, have filed a lawsuit against Icon’s Chinese majority investors for allegedly seizing control and aiming to export Icon’s intellectual property, composite technology and manufacturing to China.
XTI Aircraft has secured funding to complete preliminary design of its TriFan 600 hybrid-electric vertical-takeoff business aircraft, with the prospect of additional funds to build and fly a full-scale prototype.
Hard on the heels of its agreement with UK and U.S. helicopter operator Halo Aviation, Embraer spinoff Eve Urban Air Mobility has partnered with Brazil’s Helisul Aviation to develop an ecosystem for aerial ridesharing.
This week the market heard the FAA's plans to create a new drone rule-making committee, Jet Edge secured a $150m credit facility from KKR and more. Take a look at the weekly roundup of business aviation news.
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