A day after unveiling plans to acquire FBO chain Atlantic Aviation for $4.48 billion, New York City-based investment firm KKR on June 8 announced that it is extending a $150 million credit line to Jet Edge International to help grow its business.
Regional air mobility startup Electra has unveiled its first commercial product, a hybrid-electric aircraft designed to fly a pilot and seven passengers up to 500 mi. with takeoff and landing distances of just 100 ft.
Hard on the heels of its agreement with UK and U.S. helicopter operator Halo Aviation, Embraer spinoff Eve Urban Air Mobility has partnered with Brazil’s Helisul Aviation to develop an ecosystem for aerial ridesharing.
The complaint alleges the Chinese majority investors misrepresented themselves as venture capitalists, and instead have a “secret goal” to dismantle Icon and move its designs and technology to their home country.
Joby Aviation has laid out its road map to achieve type certification of its electric air taxi and obtain its air operator certificate in order to begin commercial aerial ridesharing services in U.S. cities in 2024.
On June 3, Boom announced an order from United Airlines for its Overture supersonic commercial airliner. With these mixed signals, where is the supersonic market heading?
A partnership between a disabled flying charity, the UK government and various aerospace companies will see the effective creation of a new aircraft type this summer when the first Grob G109 Able light aircraft arrive in the UK.
Icon Aircraft, which produces the Icon A5 light sport amphibious aircraft, has introduced a new app called SMART—Survey for Managing and Assessing Risks to Safety.
The international vertical takeoff and landing industry has a new safety organization called the Vertical Aviation Safety Team, or VAST, with a goal of achieving zero fatal accidents.
Converting the rooftops of underused parking garages into vertiports is seen as an early opportunity to expand the ground infrastructure for urban air mobility (UAM) beyond the limited number of heliports now operating.
Pfizer Inc.’s corporate aviation department helped reduce the amount of time the company needed to gain emergency use authorization of its COVID-19 vaccine by about two weeks, according to its director.
Garmin on June 1 announced an agreement to supply its G5000 flight deck for the D328eco, an upgraded version of the Dornier 328 regional turboprop under development by Germany-based Deutsche Aircraft.
Responding to Wisk Aero’s lawsuit alleging the theft of trade secrets, Archer Aviation has described the case as “entirely baseless” and accused its urban air mobility (UAM) rival of “reckless innuendo and rank speculation” in a bid to “weaponize the legal system” to harm the startup.
The 2.8-metric-ton-class aircraft would be a clean-sheet design aimed at meeting the UK Ministry of Defense’s rotary-wing unmanned air system (RWUAS) requirements.
