Formalizing a relationship first announced at the Paris Air Show in 2019, U.S. regional airline Cape air has signed a letter of intent (LOI) with Eviation Aircraft for the purchase of 72 Alice electric aircraft.
The fast rise in preowned business aircraft pricing, prevalent in the second half of 2021, appears to be leveling off, some brokers say, although they aren’t seeing market softening.
Zanite Acquisition has beefed up the committed funding that is backing its planned going-public merger with Eve, Embraer’s urban air mobility spinoff, as it heads into a May 6 shareholder vote on the deal.
Honeywell has started testing reaction time differences between expert pilots and novices on its prototype simplified vehicle operation cockpit system for electric vertical takeoff and landing aircraft.
Italy’s Tecnam Aircraft has introduced a new two-seat piston aircraft called the P-Mentor designed for student training with international deliveries beginning in the next four months.
Bcomp, a Swiss startup producing composites using natural fibers, has received an investment from Airbus Ventures as part of a CHF34 million ($35 million) Series B financing round led by BMW i Ventures.
