Textron will pay around $242 million to acquire Slovenia-based Pipistrel and says it will back the company with further investments and its global product support network.
A new report commissioned by the Aerospace Industries Association forecasts that the autonomous aircraft market will grow nearly 25 percent a year over the next two decades.
Hawthorne Global Aviation Services, which operates six FBOs in the eastern and central U.S., has been sold to a new joint-venture investment partnership.
Responding to sanctions against Russian individuals and companies over the invasion of Ukraine, the Isle of Man has deregistered multiple private aircraft.
Having earlier discarded the U.S. F-35 fighter, Germany is once again looking to the aircraft to carry out its nuclear commitment to the NATO alliance.
The California-based start-up reported that it began 2022 with $746.9 million in cash reserves as it stepped up work to bring a four-passenger eVTOL aircraft to market.
California-based Joby expects to gain its Part 135 operator certificate by the end of the year, preparing the way for commercial ride-sharing flights in its eVTOL aircraft by 2024.
Beta Technologies is working to bring the six-seat, fixed-wing Alia 250 eVTOL model into commercial service in 2024 and is also building a network of charging stations across the U.S.
Ukraine invasion underscores the need to hold Russia accountable for the 2014 downing of Malaysia Airlines Boeing 777, say Australian and Dutch officials.