Family-owned fixed-base operator (FBO) network Sheltair Aviation has completed the sale of its operation at Long Island MacArthur Airport (ISP) in Ronkonkoma, New York, to Modern Aviation, Sheltair announced March 4.
Volocopter has received a first tranche of $170 million in Series E financing, with additional investment in the pipeline as the German electric vertical takeoff and landing startup works toward launching urban air taxi service in 2024.
As western sanctions begin to take hold and Russian aircraft owners find themselves with assets they cannot use or even maintain, it is possible some will seek
Dassault engineers, who have put a special focus on meeting the Falcon 6X development program schedule, are facing new challenges to have the aircraft enter into service on time.
The Committee on Foreign Investment in the U.S. (CFIUS), a federal interagency panel under the Treasury Department, has cleared Icon Aircraft’s investment by it
Sanctions being imposed on Russia will cripple the country’s business-aviation sector, according to a panel of aerospace lawyers convened by Corporate Jet Investor for a Town Hall webinar on March 2.
U.S. startup CoFlow Jet has struck an agreement with NASA to commercialize deflected-slipstream technology that would enable an electric vertical/short takeoff and landing (eV/STOL) aircraft to transition to efficient cruise without requiring tilting mechanisms or separate lift rotors.
Aircraft Industries, the Czech manufacturer of the Let family of turboprop transport aircraft, says in an open letter that its ownership by Russian holding group Ural Mining Metallurgical Company (UGMK) “is likely to change a lot for us as a company, but we ourselves do not know what the consequences will be.”
South Korean startup Plana has unveiled plans to develop a hybrid-electric vertical takeoff and landing air taxi with the range to enable intercity flights and service entry planned for 2028.
