AINalerts

April 15, 2015, 5:21 AM

Kestrel, Eclipse Aerospace Merge To Form One Aviation

Combined company's core products include the Eclipse 550 very light jet and Kestrel K350 turboprop single.

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State budget hearing revealed that the facility faces a $1.5 million budget deficit in FY2015 unless commercial spaceflights begin by July next year.
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Authorities reported that the pilot, the only person on board, reported an engine failure on takeoff and was trying to return to the airport.
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Bombardier Aerospace delivered 45 business jets in the quarter, up from 36 in the same period last year.
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Group has accumulated some initial funds, but needs $100 million to build and initially operate the 300,000-sq-ft facility.