Aerospace

ERICKSON, OR has retained Houlihan Lokey to explore strategic alternatives (strategic partner) to accelerate growth.

The Singapore government is currently reviewing a feasibility study developed alongside industry players on mixing sustainable aviation fuel (SAF) with conventional jet fuel in a bid to increase the uptake of SAF in the island state.

Boeing says it will continue to be a “long-term strategic” investor in AEI HorizonX and remain the anchor investor for the current fund and AEI HorizonX’s first standalone fund planned for 2022.

German startup and Brazilian airline plan to establish a regional high-speed network starting in Sao Paulo.

Our roundup of the main aerospace and defense stories making the news this week.

Tests verify eVTOL’s low noise and long range on batteries—two fundamental goals for Joby’s concept.

Germany’s APC and wet-lease carrier Hi Fly work to improve the fuel efficiency of in-service A330s.

With analysts projecting that express logistics will be an early and potential large market for electric aircraft, U.S. autonomous cargo aircraft developer Elroy Air has completed a $40 million Series A funding round.

The Japanese startup that won the Pratt & Whitney Disruptor Award at the 2020 GoFly Prize event has unveiled its first product, a single-seat electric vertical-takeoff-and-landing vehicle it plans to offer as a kit-built experimental aircraft beginning in 2022.

For a variety of reasons there may be relatively fewer strategic transactions in A&D as the post-pandemic recovery continues.

GE DIGITAL was selected by Malaysia Airlines to provide its Fuel Insight and FlightPulse aviation software to modernize airline's fuel analytics

HOWMET AEROSPACE had $74m net income on $1.2b sales in 2Q21 vs $96m loss on $1.25b in 2Q20; it sees better 2H21.

The suspension of Mitsubishi Heavy Industries’ (MHI) SpaceJet regional jet program helped the company’s aerospace division return to profit in the first quarter of fiscal 2021.

The partnership will support the government-led initiative to commercialize UAM in South Korea by 2025.