The U.S. Justice Department has unveiled an ongoing antitrust investigation into labor market allocation in the aerospace engineering market, revealing indictments against six executives who are alleged to have established an anti-poaching regime among their companies.
Completion of Vertical Aerospace’s going-public merger with blank-check company Broadstone Acquisition on Dec. 16 took the total announced funding raised in 2021 by the nascent advanced air mobility industry to more than $5 billion.
The FAA has awarded nearly $3 billion in funding for airport improvements, the first tranche of $15 billion to be distributed for the purpose over five years under the Biden administration’s infrastructure legislation.
Counter-drone systems specialist Dedrone has landed $30.5 million in Series C venture capital, the company announced Dec. 17, and is working to be able to detect, identify and track more than 200 different UAS.
The Fargo Jet Center has purchased two of the last Bombardier Learjet 75 Liberty light jets to come off the Wichita production line, for modification as air-medical aircraft, ending an era of the Learjet that began with the first delivery in 1964.
Bristow's partnership with California-based Overair covers the potential purchase of 20-50 of the startup’s Butterfly quad-tiltrotor platforms and collaboration on commercialization of the platform.
UK electric air mobility startup Vertical Aerospace has listed publicly on the New York Stock Exchange after completing a merger with blank-check company Broadstone Acquisition that did not perform as well as hoped for.
Nine people died when a Gulfstream GIV-SP business jet crashed while its pilots attempted to make an emergency landing at Santo Domingo-Las Americas Airport (MDSD) in the Dominican Republic, according to the operator and news reports.
