The impact of the strike by unionized workers at Textron Aviation, which delivers about 15 business jets a month, will depend on how long the action lasts.
StandardAero announced the launch of its initial public offering (IPO) process on Sept. 23, seeking to raise $1.1 billion at a valuation of up to $7.5 billion.
General Atomics AeroTec Systems has begun final assembly of the first wing for the Do228 NXT, four years after acquiring the program from Switzerland’s RUAG.
Wheels Up lead investors will extend the lock-up restriction with shares of Wheels Up common stock issued under its investment agreements until Sept. 20, 2025.
Sticking points are pay, healthcare and job security, union officials say. The current contract expires just after midnight on Monday, Sept. 23, when the strike begins.
Twelve has raised $645 million in funding to help complete its power-to-liquid SAF production plant in Moses Lake, Washington and to pay for additional plants.
Officials of ATW in Appleton, Wisconsin, broke ground on its business park expansion project, aiming to accelerate growth in local aviation-related businesses.
Hunter Weiss, Welsch Aviation’s president, discusses a few key things that have kept the 75-year-old aircraft broker in business, as well as trends he sees.
Airbus Helicopters UK has formally opened its new headquarters at London Oxford Airport, making what Chairman John Harrison calls a £55 million ($73 million) "investment not only in our infrastructure, but also in a better future."
Textron Aviation presented its best and final offer of a new four-year labor contract to the machinists union Sept. 18, one which includes a 26% wage increase over the life of the contract. Union leaders recommend acceptance.