GE’s breakup has been years in the making after the erstwhile conglomerate appeared to expand into too many disparate sectors and built up too much debt.
Sikorsky has unveiled the configuration of the Hybrid-Electric Demonstrator (HEX), a fully autonomous prototype to be developed with GE Aerospace, at Heli-Expo.
Aura Aero is to receive €13.2 million ($14.1 million) in government funding to support development of the Era hybrid-electric 19-seat regional airliner.
With more than 100 tests complete on the RISE program, so far there have been no showstoppers in the quest to develop an engine with 20% better fuel efficiency.
On top of the committed corporate capital, the fund has raised nearly $500,000 from United customers through contributions made during the booking process.