TransDigm, a maker of engineered aircraft components for the commercial and military aviation markets, expects to close the deal in the second quarter.
Stakeholder consultations on FAA proposals for vertiport and vertistop design standards is due to close on April 18, and a final engineering brief could be ready in June.
The company wants the New Mexico plant to be ready to start production in 2024, to support the first planned commercial flights by converted airliners in 2025.
The company provides aviation training and maintenance services and now holds an operating permit that it says allows it to start commercial eVTOL flights in Malaysia.