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.
Gulfstream Aerospace has added several new features and options to the popular super-midsize Gulfstream G280 as investment in the aircraft and interest in the segment continue.
Germany’s Volocopter has partnered with Austrian commercial vehicle manufacturer Schwarzmuller to develop a mobile takeoff and landing platform for the VoloDrone electric unmanned cargo aircraft.
Reliable Robotics has raised an additional $100 million in funding to continue development of its remotely operated aircraft system for cargo and passenger aircraft.
European business aviation operators are hopeful that the planned opening of U.S. borders for European travelers in November will lead to an increase in activity.