Singapore-headquartered H3 Dynamics has closed a $26 million funding round to develop hydrogen-powered unmanned aircraft for longer-range parcel and cargo delivery.
Embraer delivered 21 business jets and nine commercial aircraft during the third quarter of 2021, bringing its number of deliveries so far the year to 54 business jets and 32 commercial aircraft, the company said Oct. 21.
The Machinists union in Wichita is pushing back on a government mandate requiring employees of government contractors to be fully vaccinated against COVID-19 as Textron Aviation and Spirit AeroSystems work to comply.
DHL Express plans to demonstrate the use of delivery drones for port logistics in a joint initiative with Malaysian aviation services company Pen Aviation and local cargo operator Raya Airways.
Three crewmembers and 18 passengers evacuated safely after their McDonnell Douglas MD-87 left the runway and caught on fire Oct. 19 while attempting to take off from Houston Executive Airport in Brookshire, Texas.
Modern Aviation, based in New York, has signed an agreement to acquire five Sheltair Aviation fixed base operations in New York, subject to government approval. The deal is expected to close in the fourth quarter of 2021. Modern Aviation is backed by Tiger Infrastructure Partners, a private equity fund.
The European Space Agency and UK air navigation service provider NATS are exploring whether 5G cellular communications technology could help to provide a resilient positioning capability for uncrewed air systems.
Aircraft finance and asset management company Amedeo has entered a strategic partnership with Aura Aero that includes a letter of intent to purchase 200 of the French startup’s planned 19-seat ERA hybrid-electric regional aircraft.
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.
GE Digital has signed a memo of understanding with Flapz to provide personalized data about each flight under a program called Safety Insight for Business Jets.
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.
