Backed by Chinese electric car maker XPeng, startup HT Aero has reached agreement to raise more than $500 million to develop an integrated flying and driving vehicle.
A central tenet of Uber’s Elevate vision for urban aerial ride sharing was that this is commercial air transport—aircraft owned by airlines and flown by professional pilots plying between vertiports.
Used business aircraft prices have increased 20% to 30% due to historically low inventory and a backlog of new aircraft orders, an International Aircraft Dealers Association survey of its dealers shows.
With investors including Alaska Air Group, UP.Partners has closed a $230 million early stage venture capital fund dedicated to supporting companies enabling future mobility.
Germany’s Volocopter has partnered with Austrian commercial vehicle manufacturer Schwarzmuller to develop a mobile takeoff and landing platform for the VoloDrone electric unmanned cargo aircraft.
Reliable Robotics has raised an additional $100 million in funding to continue development of its remotely operated aircraft system for cargo and passenger aircraft.
Fuel-cell developer and green-hydrogen producer Plug Power has announced partnerships with both Airbus and startup Airflow to bring zero-emission hydrogen propulsion to aviation.
Leidos is offering the Bombardier Challenger 650 as a fleet replacement or contractor-operator service for the U.S. Army’s RC-12X Guardrail Common Sensor.
By Joe Anselmo, Lee Ann Shay, Molly McMillin, Bill Carey, Guy Norris
Aviation Week editors gather in Las Vegas to talk about the buoyant mood at 2021 NBAA-BACE and COVID-19’s silver lining for the business aviation industry.
Volocopter and logistics company DB Schenker conducted the first public demonstration of the VoloDrone heavy-lift unmanned cargo aircraft at the ITS World Congress in Hamburg on Oct. 12.
Austrian startup CycloTech has begun tethered flight tests of a demonstrator equipped with its cycloidal rotor technology for vertical-takeoff-and-landing aircraft.
