Just days after announcing plans to cease operations, electric aircraft manufacturer Lilium has found a buyer in Mobile Uplift Corporation GmbH—a coalition of European and North American investors. The German electric vertical takeoff and landing (eVTOL) company announced the news on Tuesday, noting that the deal is expected to enable its two subsidiaries to secure […]
Advanced Air Mobility pioneer Lilium has ceased operations and laid off almost all its more than 1,000 employees after failing to raise the capital it needed to continue. The German company, which stunned the aviation industry 11 years ago with its electric multi-rotor design and audacious plan to introduce short-hop inner-city-to-inner-city service, raised more than […]
Supply chain issues continue to plague commercial aircraft production, leading to a record backlog of more than 17,000 planes. And the International Air Transport Association says it isn’t going to get any better soon. IATA said this week the industry made 30% fewer airliners than projected in 2024 and projections for 2025 look as bad […]
Boeing executives are getting to know their products and those of competitors like they’ve probably never done before after their new boss all but grounded the company’s fleet of Challenger 650 business jets. Bloomberg used ADS-B tracking sites to deduce that use of the Challengers has dropped 80% with just 29 flights in October compared […]
On Thursday, Pilatus announced it has secured a major contract to deliver 19 PC-21 training aircraft to the Royal Canadian Air Force (RCAF) as part of the Future Aircrew Training (FAcT) program. The agreement was finalized through a partnership between Pilatus and KF Aerospace, who are collaborating as part of the SkyAlyne team—responsible for providing […]
Aviation tech firm Skyryse has partnered with Black Hawk reseller Ace Aeronautics to integrate SkyOS—a universal flight control system that simplifies aircraft handling—into hundreds of the military helicopters. According to Skyryse, the partnership, announced in a Nov. 21 press release, aims to transform the iconic military helicopters into the “world’s safest and simplest aircraft to […]
Spirit Airlines is trying to convince customers (and future customers) that its bankruptcy filing is actually a good thing and that they should continue to book flights. The long-expected application for creditor protection happened early Monday in New York and the airline pitched it as a way to “reduce our total debt, provide increased financial […]
On Wednesday, Boeing announced it would begin issuing layoff notices to its employees as part of its plan to trim 17,000 jobs or 10% of its global workforce. According to Reuters, U.S. employees receiving layoff notices this week will remain on Boeing’s payroll until January, in compliance with federal regulations requiring a 60-day notice before […]
More than 97% of Allegiant Airlines’ 1,300 pilots have authorized their union to hold a strike vote even though the airline has offered them a 70% pay hike over the next five years. Teamsters Local 2118 said the increase isn’t enough to bring Allegiant pilots to the levels they need. “Allegiant pilots are some of […]
Arkansas-based Game Composites announced plans to produce a next-generation single-engine air tanker known as the GB2 Stormbird. In a recent press release, Game Composites described the GB2 Stormbird as an all-composite, two-seat, low-wing aircraft designed explicitly for aerial firefighting. The GB2 is engineered to carry up to 1,200 gallons of fire retardant and reach speeds […]
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