Volocopter aims to uphold normal business operations after filing for bankruptcy as it failed to secure additional capital from its existing shareholders.
A Boeing 737-800 operated by South Korean carrier Jeju Air collided with a wall after touching down without its landing gear deployed at Muan Airport on Dec. 29.
LILIUM signed purchase agreement with MOBILE UPLIFT (company set up by experienced consortium of investors from Europe and North America) to acquire operating assets and provide sufficient funding to restart business operations.
BOEING is reportedly now aiming to increase 737 MAX production to 38 per month by May 2025 vs end 2024 due to IAM strike; prior to strike, it was producing about 25 aircraft per month, citing receipt of clean fuselages from SPIRIT.
Turkish drone-maker Baykar has acquired Italy’s beleaguered Piaggio Aerospace, just over six years after the latter entered extraordinary administration.
Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.
WOODWARD agreed to acquire Safran's electromechanical actuation business in North America, including intellectual property, operations assets, talent, and customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems.
ARCHER AVIATION completed construction of its 400,000 sq ft eVTOL manufacturing facility at Covington Airport, GA; production is to start in early 2025 (two aircraft per month by end 2025) with goal reaching 650 per year by 2030.
Considering the myriad challenges associated with eVTOLs, several of the leading startups have announced plans to develop better-performing hybrid eVTOLs.
