Canada’s first private-equity fund dedicated to the aerospace supply chain is targeting $100 million and already has garnered commitments for $77 million, officials said.
Tier 1 Engineering has begun flying its electric Robinson R44 helicopter with the 350-kW MagniX magni350 electric propulsion unit planned for the production conversion.
Chinese startup AutoFlight has continued its rapid progress toward developing the Prosperity 1 electric vertical-takeoff-and-landing air taxi, flying a second full-scale proof-of-concept aircraft that incorporates design refinements.
Regional turboprop lessor Monte Aircraft Leasing has agreed to purchase up to 100 hydrogen-electric powertrains from zero-emission propulsion startup ZeroAvia for installation on new and existing Cessna Caravans and De Havilland Canada DHC-6 Twin Otters as well as Dornier 228s and HAL-228s.
Deloitte Consulting has launched a Wichita “Smart Factory” officials call the “art of the possible,” using advanced technology to focus on the future of manufacturing.
When Dubai hosted demonstrations of both EHang and Volocopter prototypes in 2017, the largest city in the United Arab Emirates looked to be a front-runner for the introduction of urban air mobility using electric air taxis.
The U.S. Energy Department has launched its $2.6 million Hydrogen Shot Incubator Prize, a program which is aimed at finding technologies to reduce the cost of producing clean hydrogen.
Lengthening certification timelines shows the regulatory landscape is changing, but industry will adjust to the new expectations, a top Honeywell executive says.
Gabriel Madrid, Jet Luxe CEO, founded the Dubai-based company in February 2020, after serving at Jetex as head of aircraft sales, lease, acquisition and charter, and as vice president of experience at JetClub.
Chinese startup Pantuo Aviation has conducted the first free-hover flight of a half-scale model of its planned Pantala Concept H ducted-fan electric vertical takeoff and landing air taxi.
Beta Technologies has completed a 1,220-nm mission with its Alia-250c electric aircraft, flying the prototype from its test base in Plattsburgh, New York, to Bentonville, Arkansas, for display at the UP.Summit on June 6-8.
There is plenty of energy and time being spent within the aviation industry to address carbon emissions and plan for a more sustainable and environmentally responsible future.
The future of aviation manufacturing could be dramatically quieter, cleaner, more efficient and productive, and its Mecca might be located in the Blue Ridge Mountains of western North Carolina.
Flexjet has launched a private helicopter division with a fleet of nearly a dozen Sikorsky S-76 medium-twin helicopters offering fractional, lease and charter services to Flexjet clients.
Central Flying Service, the Little Rock, Arkansas-based provider of flight training, aircraft sales, maintenance, and a variety of other aviation services, has been acquired by Tricoastal Ventures.
The number of pre-owned business jet inventory for sale dropped 51% in May, compared to a year ago, while average list prices were up 16%, according to Jefferies.
Jaunt Air Mobility has signed a letter of intent (LOI) for almost 100 Journey electric vertical takeoff and landing air taxis with a Canadian startup planning to develop and service a vertiport network in Quebec.
A diverse set of options and timelines has come forward as the Canadian government begins evaluating options for a new maritime patrol fleet to replace the Lockheed CP-140 Aurora aircraft.
