While commercial aviation remains challenged by the ongoing effects of the coronavirus pandemic, private aviation flight volumes have recovered and are exceeding pre-crisis levels, according to NetJets.
Lilium plans to use at least six conforming prototypes for testing in an effort to obtain concurrent European and U.S. type certification of its seven-seat electric air taxi.
Drone delivery system operator Zipline and pharmaceutical company Pfizer have partnered to distribute COVID-19 vaccine as part of a U.S.-led effort to distribute 500 million doses of the Pfizer-BioNTech vaccine to developing countries.
Blank-check company Broadstone Acquisition has cited the deep aerospace industry experience of the team backing Vertical Aerospace as a key reason behind its decision to take the UK electric air-taxi startup public with backing from industry partners and airline customers.
California startup Archer Aviation says it is on track to certify a four-passenger electric vertical takeoff and landing vehicle for aerial ridesharing services in late 2024, and will finalize design of a production version using lessons learned from development of the Maker, a two-seat prototype unveiled in Los Angeles on June 10.
With investments from American Airlines, Avolon, Honeywell and Rolls-Royce, plus commitments for up to 1,000 aircraft, electric air-taxi developer Vertical Aerospace has reached agreement with blank-check company Broadstone Acquisition to go public in a deal that values the UK startup at $2.2 billion.
Air-to-ground network developer SmartSky Networks has announced the opening in the southeastern U.S. of the first fully operational coverage area of its inflight communications network for route-based demonstrations.
The FAA will assemble an aviation rulemaking committee to provide the agency with recommendations for allowing routine flights of drones beyond an operator’s visual line of sight, Administrator Steve Dickson said June 9.
Yingling Aviation, based at Dwight D. Eisenhower National Airport in Wichita, originally began business in 1946 as the first Cessna Aircraft dealer. This year, it is celebrating its 75th anniversary. Andrew Nichols was promoted from chief financial officer to president in 2019, succeeding his dad, Lynn Nichols, who bought the business in 2000.
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.
Investment firm KKR is providing a credit facility of up to $150 million to support the growth plans of private aviation services company Jet Edge International, the companies announced on June 8.
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.
