U.S. electric aircraft startup Beta Technologies has priced its planned initial public offering at $27-33 per share, for gross proceeds of $675-825 million.
September saw mixed fortunes in terms of aircraft deliveries at ATR, Comac and Embraer, with shipments at two of the three down year on year for the first nine months.
Air taxi developer Archer Aviation announced it has won a competitive bid process to acquire the patents of insolvent electric aircraft manufacturer Lilium.
Turkish defense giant Aselsan has taken a lead role in Steel Dome—a homegrown air defense network to counter low-cost multicopter drones and hypersonic missiles.
Chinese hybrid eVTOL startup XPeng AeroHT has rebranded itself to Aridge, while also announcing scores of new orders from customers in the Middle East.
The European Commission (EC) said it has approved Boeing’s proposed acquisition of Spirit Aerosystems on the condition they divest parts of the business.
Rolls-Royce is moving ahead with durability enhancements for the Trent 1000 following the opening of a new facility in Derby, England, where it plans to undertake the modifications.
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London eVTOL operations will require buy-in from existing urban public transportation providers and local and national governmental entities, officials say.