The Week In Business Aviation - June 11, 2021

FAA To Create New Drone Rulemaking Committee

Credit: Zipline

The FAA will assemble an aviation rulemaking committee (ARC) to provide the agency with recommendations for allowing routine flights of drones beyond an operator’s visual line of sight, Administrator Steve Dickson said June 9.

Read the full article

SmartSky Opens Corridor For Connectivity Demos

Credit: SmartSky Networks

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. 

Read the full article

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. 

Read the full article

Jet Edge Secures $150M Credit Facility From KKR

Credit: Jet Edge International

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.

Read the full article

ADAC Executes First SAF-Powered EMS Helicopter Flight

Credit: ADAC Luftrettung/Theo Klein

A German helicopter emergency medical service operator has carried out the first rotary-wing rescue flight using sustainable aviation fuel. 

Read the full article

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.

Read the full article

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. 

Read the full article

Xeriant Backs Design Of XTI’s Trifan Hybrid EVTOL

Credit: XTI Aircraft

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.

Read the full article

FAA

Eve Teams With Brazil’s Helisul On UAM

Credit: Eve

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.

Read the full article

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.

Get regular analysis and insights from Aviation Week Network’s award-winning editorial and data teams on technology and business advances impacting the global aviation, aerospace and defense industries

Not a subscriber? Sign up here.

Aviation Week Intelligence Network
Monitor the market and connect your business to the people, programs and proprietary data driving the Business Aviation market - only available with AWIN.

BAV_AWIN_270_thumb

Stay Connected.
Stay Informed
Grow Your Business.

Learn How