News

ATG, maker of the fighter-like Javelin jet, suspended operations in December and as of May 23, ATG has filed for Chapter 7 bankruptcy. The Colorado-based company that once sought to deliver its subsonic two-place “executive” jet failed to find a buyer and now leaves between 100 and 200 creditors seeking some return on investments ranging […]

The German law firm overseeing the bankruptcy of Thielert Aircraft Engines says it can’t consider the interests of owners, but is instead focused on paying off creditors and getting the company to break-even status. But a Diamond aircraft owner’s group would like to change that by banding together and becoming Thielert’s largest single creditor. (Thielert […]

In a letter to hundreds of owners stranded by Thielert Aircraft Engines’ bankruptcy, Diamond Aircraft accused the firm overseeing the insolvency of intentionally misleading the public and misstating Diamond’s policies. Further, said Diamond, because of Thielert’s new pricing, the hourly cost of operating its diesel engines has risen from under $13 to about $85, a […]

Investigations are currently underway concerning a report of a possible model rocket flying notably close to a Continental Airlines 737 mid-morning on Memorial Day. Shortly after departure from George Bush Intercontinental Airport, the pilot of Continental flight 1544 reported to controllers what appeared to be a model rocket with a flaming tail and trailing smoke […]

With the Memorial Day weekend now past, the summer season is launched, and before we know it, EAA AirVenture will be under way in Oshkosh, Wisc. Already our AVweb inbox is filling up with advance notices about new aircraft that we’ll be seeing there. Doug Rodante, founder of Green Flight International, said this week he’s […]

Flight Options, a fractional operator based in Cleveland, Ohio, has laid off about 200 workers across the country, including about 75 pilots, the Cleveland Plain Dealer reported on Wednesday. The company blamed high fuel prices and overall economic conditions for a reduction in demand over the last few months, and said in a statement that […]

After more than a year of exploring various sites for its next stage of growth, Piper Aircraft announced on Wednesday that it has officially reached an agreement with the State of Florida and Indian River County to stay put. “We are pleased and honored to announce our decision to remain and expand our operations in […]

It’s one of those moments that just about every pilot has experienced — the instant when you go from feeling confident and in control, to realizing that your skills are not as sharp as you’d like them to be. The cure for that sinking feeling is recurrent training, and for Cirrus pilots, it’s time to […]

Plenty of recreational pilots who thought light sport aircraft might be the right thing for them have been dismayed by the price tags for most models, which start around $100,000 and quickly go up from there. But occasionally a new LSA surfaces that offers reasonable capabilities at a lower price point, and the latest of […]

Aerospace giant Northrop Grumman is secretly at work on a next-generation stealth bomber, with the prototype likely to be built by Scaled Composites, Defense Technology International reported this week. A recent financial report from Northrop Grumman shows $2 billion of new funding for “restricted programs,” which DTI reports is “almost certainly” for the bomber. According […]