When a region experiences soaring property values, it’s well known to be good for sellers and not-so-good for buyers. But it can be a nightmare for longtime middle-income residents who can be priced right out of their homes by ballooning rent or mortgage bills. Most often, the ones most challenged are those who support the […]
Urban Air Mobility (UAM) hopeful Volocopter announced today (March 8) that charismatic CEO Florian Reuter will step down “upon his own wishes” in September, to be succeeded by Dirk Hoke, former CEO of Airbus Defence & Space. Volocopter cited Hoke’s “extensive experience in leading big tech entities within Airbus and Siemens from a technical, strategic, […]
If, as the proverb goes, the beat of a butterfly’s wings can affect the weather on the other side of the world, then Ukraine-related sanctions on Russia could potentially impact the entire aviation industry with tsunami-like devastation. Front and center is the challenge to the financial 800-pound gorillas: airlines and cargo carriers. As fuel prices […]
uAvionix announced on Monday that it has launched a program for aircraft owners looking to upgrade current uAvionix equipment to one of its new tailBeaconX space-based Mode S 1090 MHz extended squitter ADS-B transponders. The program offers a trade-in credit of up to $1,200 toward a tailBeaconX in exchange for uAvionix skyBeacon, tailBeacon or echoUAT […]
A Russian state-owned aircraft flew right through some of the U.S.’s busiest airspace to mop up some geopolitical business on the weekend. The Il-96 flew direct from St. Petersburg on Saturday to Dulles to pick up diplomats the State Department says are actually spies. On Sunday, FlightAware says an A320 using the same flight number […]
Australia’s Air Transportation Safety Board has issued a Safety Advisory Notice recommending that pilots who do low-level work wear an approved helmet to improve their chances of survivability in the low-energy crashes that claim pilots doing this work every year. “A correctly fitted and secured flight helmet can significantly reduce injuries and save lives in […]
NetJets said last week that it’s buying 150 Lilium eVTOLs and plans to operate them as Part 135 charter aircraft. According to TransportUp, the world’s largest fractional announced the deal in a statement to investors. The eVTOLs will apparently be based in Florida where Lilium intends to build an eVTOL network serving central and southern […]
A Russian billionaire adventurer and an associate were stopped at Yellowknife Airport in Canada’s Northwest Territories last week for busting Canada’s ban on Russians in its airspace. Apparently, the ban transcends just aircraft since the Falcon 900 the duo arrived on after a direct flight from Geneva Switzerland is registered in the Cayman Islands and […]
Ukraine says it wants to rebuild the AN-225 destroyed during fighting at Gostomel Airport in late February. “The biggest plane in the world ‘Mriya’ (The Dream) was destroyed by Russian occupants on an airfield near Kyiv,” Ukraine’s official Twitter site said. “We will rebuild the plane. We will fulfill our dream of a strong, free, […]
Urban air mobility (UAM) company Volocopter announced on Friday that it has raised $170 million in the initial signing of its Series E funding round. According to the company, the round was led by South Korea-based investor WP Investment followed by Atlantia and Honeywell. Volocopter also signed a joint venture term sheet with WP Investment […]
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