Textron Aviation turned in lower business jet and turboprop deliveries in 2020 along with lower revenue and profit, but had a “blowout” fourth quarter, with expectations of a 15% increase in sales in 2021 and a return to 2019 delivery levels in 2022.
Flying Ship is a U.S. startup that plans to modernize the Russian ekranoplan ground-effect vehicle concept and bring unmanned aircraft technology to maritime logistics while avoiding the onerous burden of aerospace regulation.
The burgeoning urban air mobility sector is poised to open up private air travel to unprecedented markets. But benefits will only be maximized if decisions are made now to ensure UAM systems are accessible to the disabled, experts say.
Plans to demonstrate an autonomous aerial firefighting capability with an Erickson S-64 Aircrane heavy-lift helicopter have been delayed because of the coronavirus pandemic.
Wheels Up Partners may become publicly traded if reported talks to merge with Aspirational Consumer Lifestyle Corp., a blank check acquisition company, are successful, according to a report by Reuters.
Airbus Helicopters CEO Seeks Euro Cooperation On Military Rotorcraft Tony Osborne, [email protected] Airbus Helicopters CEO Bruno Even has called on Europe’s rotorcraft industry to cooperate on a future military rotorcraft program, as NATO countries begin considering their medium-lift needs for the 2030s and beyond.
The FAA has proposed a civil penalty of $1 million against Weathervane Aviation Services in Westport, Massachusetts, for allegedly operating illegal charter flights, the FAA said.
While it has a large potential domestic market for advanced air mobility, the U.S. needs a clear national strategy if it is to lead this new market globally, a report by consultants Deloitte and the Aerospace Industries Association says.
Satellite operator Inmarsat announced on Jan. 25 that it will provide satellite communications for a UK government initiative to create a zero-carbon emissions regional air transportation network.
U.S. President Joseph Biden on Jan. 25 signed an executive order reversing former president Donald Trump’s relaxation of entry requirements for international arrivals, in a bid to contain the spread of several new strains of novel coronavirus that were recently discovered abroad.
AFWERX has launched a six-week market research phase to understand the bourgeoning field of startup companies seeking to build supersonic and hypersonic transports.
Pre-owned business aircraft transactions during the fourth quarter of 2020 improved by 34% over the previous quarter, pointing to a rebound in the market, according to aviation valuation firm Asset Insight.
As the UK launches a series of projects under its Future Flight Challenge, a new study highlights the potential socio-economic benefits of an integrated aviation system built on freight-carrying drones, urban air taxis and hybrid-electric regional aircraft.
