Blackstone is in talks with Signature Aviation for a possible takeover bid of $5.17 per share of Signature stock, Signature confirmed in a statement, noting the recent movement in its share price.
The FAA and the Kansas Department of Transportation have agreed to establish a flight corridor for testing civil supersonic aircraft, state officials announced Dec. 17.
Assuming a successful rollout of the COVID-19 vaccine, business aviation activity is expected to reach “numbers never seen in the modern age of our industry” in 2021, according to a just-released forecast and white paper by Argus International.
A UK government initiative to reduce quarantine durations for international travelers got off to a difficult start after at least one approved COVID-19 test provider was overwhelmed with requests.
The FAA, codifying a lesson learned from the Boeing 737 MAX saga, plans to use ad-hoc internal review boards to help validate work as during the aircraft certification process, administrator Steve Dickson said.
Garmin on Dec. 15 announced upgrades to its GFC 600 autopilot that include a Smart Rudder Bias system designed to help the pilots of select piston twin-engine aircraft maintain control if one engine fails.
Four and half years since the Brexit referendum and aerospace is no nearer to understanding what the UK’s future trading relationship with its nearest and largest trading partner will look like.
Air taxi startup Blade Urban Air Mobility will be taken over by a special purpose acquisition company, setting up what could become the first publicly traded electric-powered air vehicle service provider as the technology emerges this decade.
German air rescue service ADAC Luftrettung has reserved two VoloCity electric air taxis from Volocopter to prepare for operational emergency medical service tests of the piloted multicopters in 2023.