SpeedNews

ACUMEN AVIATION appraised >1,484 assets and inspected 230 aircraft in 2023; it completed 10 returns/transitions. It ended year with >24 assets under lease management/1,298 under data management, and valued 62 assets for ABS.

Aerospace

STATASYS acquired SIAEC's 60% stake in ADDITIVE FLIGHT SOLUTIONS in deal valued at US$90k and now owns 100%. AFS manufactures cabin interior parts/toolings for MRO sector using additive manufacturing (3D printing) technology.

Aerospace

ADC AEROSPACE acquired CAST-RITE (die casting/fabrication solutions).

Aerospace

JOBY AVIATION has FAA approval for its eVTOL propulsion certification plan and says all structural, mechanical, and electrical system cert plans are now approved. It separately signed agreement to launch air taxi services in Dubai by '26.

Aerospace

XTI AIRCRAFT, Denver received new utility patent in China for its TriFan 600 VTOL aircraft. It is continuing to advance planned merger with INPIXON for 1Q24.

Aerospace

SCHROTH SAFETY PRODUCTS (Loar Group) was selected by Airbus to supply IPSB modules for aircraft operated in US; unit is designed to protect flight deck from intrusion while cockpit door is open and will become mandatory from mid-2025.

Aerospace

MINAR GROUP was named by CPat Global as its exclusive rep in India.

Aerospace

DE HAVILLAND CANADA acquired Calgary-based parts manufacturing operations of FIELD AVIATION.

Aerospace