As grim as the current situation is for companies across the aerospace sector, there are grounds for cautious optimism that business aviation may be better placed to bounce back quickly than other parts of the air travel ecosystem.
One Aviation Creditors Ask Court To Rule To Liquidate
The unsecured creditors of the Albuquerque, New Mexico-based One Aviation and related debtors have asked the court to convert the company’s Chapter 11 bankruptcy restructuring case to a Chapter 7 liquidation, according to a May 8 court filing.
UK’s Future Flight Challenge Launches Competition For Demo
The UK has launched the second phase of a £300 million ($366 million) challenge to develop a novel aviation system enabling safe operation of new types of aircraft including delivery drones, urban air taxis and electric regional aircraft.
Plasma Technology Envisioned For Turkish-Design EVTOL
A team of Turkish engineers is proposing a family of hydrogen fuel cell-powered electric vertical takeoff and landing (eVTOL) aircraft for package delivery, as well as for personal and regional air mobility.
A possible w-shaped recovery following the pandemic, progress towards drone type certification and advancements of hydrogen fuel cell-powered eVTOL aircraft. This week the market has been exposed to some welcome good news amidst the COVID-19 environment.