The AAM Stock Composite ticked up 3% during the week ending Nov. 24, as strong gains from EHang canceled out a lackluster performance from other air taxi OEMs.
The new CEO of Spirit AeroSystems is expanding his imprint on the beleaguered aerostructure provider’s operations with the departure of COO Samantha Marnick.
Omni has placed orders for two General Electric CT7-2E1-powered AW189s and will be the Latin American launch customer for the Safran Aneto 1K-powered AW189K.
ZEROAVIA completed Series C funding round at a total of $116m. The UK Infrastructure Bank joined round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund.
L3HARRIS agreed to sell its Commercial Aviation Solutions business, which includes pilot training, flight data analysis, avionics and advanced air mobility products, to TJC for $800m; deal also includes L3Harris’ surveillance joint venture.
Receiving the design organization approval means that Lilium is now entitled by EASA to design, develop and hold a type certificate for its Lilium Jet.