An expansive MOU between Aerion and sister companies NetJets and FlightSafety International includes purchase rights for 20 AS2s and a new training center.
The company says an additional $240 million raised from new and existing investors is sufficient to complete type certification of its VoloCity eVTOL aircraft.
The U.S. Air Force is awarding a $150,000 contract to see if use of a LiquidPiston rotary engine in a hybrid configuration can overcome limitations of current batteries used on eVTOL aircraft.
Proposed legislation would result in the Department of Transportation leading a new multi-agency working group and new federal funding to support the development of an AAM ecosystem.
The German company intends to recruit contractors to build most aircraft components and systems, but will retain control of overall design, technology integration and final assembly.
Other eVTOL aircraft developers are targeting emergency medical support services, including Jump Aero, Jaunt Air Mobility, Urban Aeronautics, EHang, and Volocopter.
NBAA's Ed Bolen and GAMA's Pete Bunce highlighted the difficulties facing industry, but told Congress that industry needs to prepare for post-pandemic.
MRO provider Jet MS gains expertise in aircraft exteriors and interiors and a location at London Biggin Hill Airport with the acquisition of RAS Group.