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.
Investment firm KKR has agreed to acquire fixed-based operator (FBO) Atlantic Aviation from Macquarie Infrastructure Corp. (MIC) for $4.48 billion and assumed debt, the companies announced on June 7.
The complaint alleges the Chinese majority investors misrepresented themselves as venture capitalists, and instead have a “secret goal” to dismantle Icon and move its designs and technology to their home country.
The FAA has issued an emergency order revoking the ability of Universal Flight Services, based in Sarasota, Florida, to charge passengers for flights and the pilot certificate of its owner for allegedly conducting illegal charter flights, the FAA said.
Joby Aviation has laid out its road map to achieve type certification of its electric air taxi and obtain its air operator certificate in order to begin commercial aerial ridesharing services in U.S. cities in 2024.
How pilots and maintenance technicians can achieve mutual respect for each other’s unique challenges and communicate as equals toward the shared goal of safe and efficient operations.
On June 3, Boom announced an order from United Airlines for its Overture supersonic commercial airliner. With these mixed signals, where is the supersonic market heading?
