Continental Aerospace Returns to U.S. Ownership in $535 Million Arcline Deal
Arcline Investment Management agreed to acquire the Alabama-based piston engine manufacturer from subsidiaries of China’s AVIC in a $535 million deal.
Arcline Investment Management agreed to acquire the Alabama-based piston engine manufacturer from subsidiaries of China’s AVIC in a $535 million deal.
The 2027 test mission is designed to validate spacecraft systems ahead of future lunar missions.
The company says the move comes as programs shift from development into production.
The aircraft was producing power and operating normally during an aerobatic practice flight before impact.
Canadian authorities allege the former captain spent nearly 17 years flying without holding an airline transport pilot license.
The companies say the agreement will support 35 million gallons of sustainable aviation fuel over three years.
Company says first flight remains planned for 2027.
The aircraft is expected to enter service with the Falkland Islands Government Air Service.
RAF crews completed cleanup and maintenance work at Parlin Field in New Hampshire and Noble County Airport in Ohio.
The listing could affect future Defense contracting, though Cirrus has not engaged in much to date.