The HorizonX fund will now be managed through a partnership between AE Industrial Partners and Boeing's Enterprise Technology Office and Applied Innovation team.
Investors beware, warns Teal Group's Richard Aboulafia. The eVTOL air taxi scene isn't quite the armageddon that the very light jet revolution was, but you can see it from here.
The company appears to be making progress in its efforts to bring the BlackFly to market for personal air transportation under FAA's Part 103 rules for ultralight aircraft.
Four senior executives from the aviation, automotive, technology and finance sectors have been nominated as directors for the company to be formed by merging the eVTOL aircraft developer with the special purpose acquisition company.
Start-up accelerator Starburst Aerospace is preparing to launch its new Blast program in September to incubate new aviation, defense and space start-ups.
Flight testing of a 737 Max is expected to start in China on August 11 with a view to allowing the airliner to resume commercial service in the country.
ASTM's F44 general aviation committee is developing a standard that would enable certain small aircraft components to bypass requisite durability tests.
The Brazilian airline is replacing Boeing 737 NGs with the Max in order to cut operating costs and emissions, while also having more fleet flexibility.
Universal Hydrogen and Plug Power are forging an alliance with electric propulsion unit developer MagniX and aircraft conversion specialist AeroTec based in a new facility in Moses Lake, Washington.
Elroy has now raised $48 million and expects to have a complete prototype of its Chaparral autonomous cargo VTOL aircraft in flight test operations with the U.S. military during 2022.
The company has resumed flight testing with its eVTOL technology demonstrator and has published estimated per passenger pricing the Lilium Jet flight network.