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Electric aircraft startup Lilium may have ceased operations a year ago, but its insolvency filing wasn’t quite the end of the German-based company. There were multiple failed attempts to restructure the company, including a last-ditch effort by Mobile Uplift Corporation, a company set up by investors from Europe and North America, to acquire the operating … Read more
Electric aviation startup Beta Technologies has priced shares for its initial public offering between $27 and $33, in hopes of raising as much as $825 million, according to a regulatory document filed with the U.S. Securities and Exchange Commission. If the company attracts investors at the top of that range it will debut with a … Read more
Content creator Tang Feiji has died after crashing his aircraft during a livestream. He was 55. Multiple media outlets reported that Feiji was filming on Saturday, September 27, while operating an aircraft and allegedly lost control. In the livestream, Feiji can be seen taking off and flying before crashing to the ground as the vehicle … Read more
Good morning. As President Trump prepares to meet with Russian leader Vladimir Putin today, I find myself wondering about the state of cyber-enabled warfare, economic and otherwise. Business leaders know well the escalating capacity of state and non-state actors to target weak points for maximum disruption in a cyberattack. The defense industry has increasingly served … Read more
Indian startup Jeh Aerospace founders Vishal Sanghavi and Venkatesh Mudragalla have had a front row seat to the commercial aircraft sector and its growing production bottleneck. The two former Tata Group executives spent close to two decades in different positions at the company and worked on projects that included participation from global aerospace companies, including … Read more
Folks, hold onto your hats because New Horizon Aircraft (NASDAQ: HOVR) is making waves in the market today, and it’s not just a blip on the radar! As of this writing, HOVR is up a jaw-dropping 50.37%, trading at $2.06, and the buzz is all about their game-changing partnership with MT-Propeller, a heavyweight in advanced … Read more
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods. Bloomberg | Bloomberg | Getty Images Boeing could hand over some of its aircraft that were destined … Read more
China’s ban on Boeing deliveries amid an ongoing tariff battle with the U.S. has thrust the American aircraft manufacturer into the middle of the trade war. China ordered its carriers to stop all aircraft orders from Boeing, Bloomberg reported Tuesday, citing anonymous sources familiar with the matter. It’s the latest move in a trade war … Read more
A civilian aircraft that violated a temporary flight restriction (TFR) near President Donald Trump’s Mar-a-Lago estate was detected and “escorted out” by military officials on Sunday. In a statement released on Sunday, the North American Aerospace Defense Command (NORAD) said that its F-16 fighter aircraft responded to “a general aviation aircraft” flying above Palm Beach, Florida. NORAD, which is … Read more
On a cool morning last November, 800 people gathered before sunrise in a South Burlington hangar to witness the maiden flight of Beta Technologies’ first electric aircraft to be built on its new scaled production line. Kyle Clark, Beta’s enigmatic founder and CEO, piloted the Alia CX300 — one of the startup’s two aircraft models … Read more
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