Wheels Up has signed a non-binding agreement for a $500 million rescue from Delta and other financial investors in exchange for 95% ownership in the company.
Five of the six publicly traded electric-vertical-takeoff-and-landing (eVTOL) startups have reported their financial results for the 2023 second quarter (Q2).
Embraer President and CEO Francisco Gomes Neto is confident the Brazilian manufacturer’s commercial aircraft delivery volume will continue its steady recovery.
Viasat executives also said the "unexpected event" with the ViaSat-3 reflector antenna will slow the growth of the company’s residential internet business.
Textron Aviation has won type certification from the National Civil Aviation Authority of Brazil (ANAC) for its Cessna 408 SkyCourier utility turboprop.
Startup Transcend Air has redesigned its turbine-powered tiltwing VTOL aircraft and is working to raise the funds required to build a proof-of-concept vehicle.
Satcom Direct and Israel’s Gilat Satellite Networks to develop and supply electronically steered antennas o connect with OneWeb’s new satellite constellation.