Aerospace supplier Moog has acquired avionics provider Genesys Aerosystems of Mineral Wells, Texas, from McNally Capital and Genesys managers for about $77.7 million, the companies announced late Dec. 21.
UK start-up Faradair Aerospace has partnered with Honeywell and MagniX on development of its multirole Bio Electric Hybrid Aircraft, designed to carry 18 passengers or three LD3 cargo containers.
Competitors wasted little time taking advantage of the U.S. Commerce Department announcement that it had added Chinese drone manufacturer DJI to its export blacklist.
A bipartisan effort to fast-track new FAA certification and oversight mandates is using the emergency funding-focused omnibus bill to get the legislation into law, agreeing on new requirements targeting what the agency can delegate to manufacturers, emphasizing human factors reviews, and urging FAA to spearhead improvement of global pilot training.
Inflight connectivity provider Gogo said it expects to finish 2020 with more business aviation air-to-ground subscribers than it had at the start of the year, despite the impact of the COVID-19 pandemic.
Signature Aviation, a London-based private aircraft services provider, said it would accept a buyout offer from Blackstone should the investment company follow up with a firm offer at the $5.17 per share cash price set out in its proposal.
Jaunt Air Mobility has signed a memorandum of understanding with propulsion developer VerdeGo Aero to study a hybrid-electric version of Jaunt’s planned Journey urban air taxi.
The U.S. Commerce Department on Dec. 18 added 77 mostly Chinese companies, including small drone manufacturer DJI, to its Entity List of companies subject to export restrictions “for actions deemed contrary” to U.S. interests.
Altitude Angel and Inmarsat have demonstrated a deployable UTM system that incorporates satellite communications to track drones flying beyond the visual range of an operator.
In a year challenged by the COVID-19 pandemic, two top concerns of business aviation passengers involve cleaning procedures between flights and air circulation in the cabin, according to a 2020 fourth-quarter survey of aircraft owners and operators by JetNet iQ.
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.
