Wheels Up has entered an agreement to become a publicly traded company through a merger with Aspirational Consumer Lifestyle Corp., a special purpose acquisition company, Wheels Up announced Feb. 1.
As expected, Bombardier has announced the closure of the sale of its rail business to French-based Alstom, with net proceeds of about $3.6 billion, including $600 million in Alstom stock shares.
A South Korean team including an airport operator, air-taxi developer and communications provider has been formed to commercialize urban air mobility in the country beginning in 2025.
As it ramps up plans to launch its regional air mobility service, German startup Lilium has partnered with airport constructor and operator Ferrovial to develop and operate a network of at least 10 vertiports across Florida.
Customers of TransDigm Group expect to pay roughly 2% higher prices this year from the key aerospace and defense parts provider, compared with an average of just 0.8% more across the whole aerospace supplier base, according to new survey results from Jefferies analysts.
Utilizing Aviation Week’s Marketplace the BCA Staff collated three companies specializing in new flight planning. From runway analysis to flight planning, take a look and learn more.
In purely financial terms, it is not one of the biggest deals of the decade. But Gama Aviation’s acquisition of Trenton, New Jersey-based Jet East Corporate Aviation may highlight one way out of the post-COVID-19 doldrums for business aviation MRO.
Signature Aviation, which operates Signature Flight Support, the world’s largest FBO chain, has accepted a cash offer of $4.63 billion from Global Infrastructure Partners for the business, the company said Jan. 11.
At the close of a tumultuous 2020, several private charter specialists paint a picture of positivity around the sector that suggests better times will follow as COVID-19 vaccination programs begin to be rolled out worldwide.
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.
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.
Private aircraft fleet operator Luxaviation Group on Dec. 10 announced an agreement with the management of Lugano Airport, Switzerland, to establish flight connections to Geneva and Bern.
After organizing controllers into work crews earlier in 2020 to protect against COVID-19 infections, the FAA is allowing more staffing flexibility at its air traffic control (ATC) facilities.
Signature Flight Support has pumped the first ceremonial gallons of sustainable aviation fuel (SAF) at the first two locations in its network, marking the launch of the renewable fuel’s continuous availability for purchase.
While engineers at airframers and engine manufacturers, particularly in Europe, are busy advancing hydrogen technology for use in commercial aircraft propulsion, airports have begun studying a transition from conventional fuel.
Aerospace and defense supplier Curtiss-Wright announced Dec. 3 that Lynn Bamford, currently president of the company’s Defense and Power Segments, will become CEO on Jan. 1 under a planned transition that sees current CEO and Chairman David Adams retiring by May 2022.
Tamarack Aerospace Group is adding a third facility, this time at Aiken Regional Airport in South Carolina, for the installation of its Active Winglets, as it works to keep up with a growing business.
Aéro Montréal said the Canadian government has not reached out enough to the country’s aerospace supply chain, although a recent $1 billion investment pledge over two years to assist regional air transportation and airports is a good signal.
Supersonic aircraft developer Boom Technology has said it is using Amazon Web Services (AWS), including the company’s cloud-based high-performance computing (HPC) capability, to accelerate the design and construction of the XB-1 demonstrator and the follow-on Overture airliner.
More than 170 companies have signed on as exhibitors for the National Business Aviation Association’s virtual conference Dec. 2-3, as part of its VBACE event.
There is no getting away from the myriad difficulties businesses and individuals have faced in 2020, but there are reasons for cautious optimism as the year draws to a close.
Unlike during the economic downturn of the late 2000s, business aircraft owners have not rushed to sell their assets in the COVID-19 pandemic, noted Rob Scholl, Textron Aviation senior vice president of sales and marketing.
