Airbus has been forced by its workers to walk away from an earlier plan to sell its plant in Varel, Germany, to Mubea, an automotive supplier aiming at expanding into aerospace.
When Aviation Week’s Advanced Air Mobility Report began following the composite performance of AAM’s publicly traded stocks, it was a given that the composite would show the typical results of a startup company–in this case a group of companies.
In a bid to promote the commercialization of drone-based products and services, a plan to build a 165-mi. network of drone “superhighways” linking cities across the UK has been submitted by a consortium led by unified traffic management provider Altitude Angel.
A prolonged, privately financed mission to the International Space Station (ISS) ended on April 25 with the return of a SpaceX Crew Dragon capsule chartered by Houston-based Axiom Space.
Chinese startup TCab Tech has conducted transition flight tests with a 50%-scale demonstrator of its planned E20 electric vertical takeoff and landing air taxi.
So far, Beta Technologies and Volocopter are showing it is possible to build a billion-dollar business in advanced air mobility without the distraction of going public.
Jazeera Airways today announced a net profit of KD3.8 million for the first quarter of 2022, compared to a net loss of KD5.2 million in the first quarter of 2021.
Ferrovial Airports has appointed Bob Montgomery as head of vertiports business development and Brad Miller as vertiports managing director for Europe, the Middle East and Africa.
