The Blade Air Mobility technology-powered air-mobility platform posted third-quarter revenues up 125%, to $45.7 million, versus $20.3 million for the year-ago period.
Embraer posted revenue of $271.7 million in its executive aviation division, up 6% from a year ago, and reaffirmed its projection to deliver 100-110 executive jets during 2022.
As countries jockey for a leading position in the projected market for advanced air mobility (AAM), a new study concludes the transportation mode would be economically viable in the UK and provide a significant contribution to the economy while reducing carbon emissions.
Archer Aviation and United Airlines have announced that their first electric air taxi route will be between Newark Liberty International Airport and New York’s Downtown Manhattan Heliport.
Announcing the progress with its third-quarter financial results, Vertical acknowledged the deadline for signing a master purchase agreement with American Airlines has been extended by more than a year.
Based in Melbourne, Australia, Kite Magnetics was founded to develop high-efficiency electric motors for aircraft propulsion based on a new nanocrystalline magnetic material invented at Monash University in Clayton, Victoria.
Israel’s Gadfin Aero-Logistics Systems has secured a service contract from the country’s largest medical logistics company to operate an on-demand drone delivery network connecting all of the country’s major hospitals, flying medical supplies over a radius of up to 200 km (125 mi.).
Australian electric air taxi startup AMSL Aero is among 12 projects that have been awarded federal government grants under the first round of the Emerging Aviation Technology Partnerships program.
Agreements in place with AeroTEC, MagniX and Textron Aviation to develop and supply electric and hybrid-electric powertrains for the Cessna Caravan are critical to Surf Air Mobility’s complex plan to go public through a merger with a blank-check company, a regulatory filing reveals.
With the stated goal of helping regional aviation transition to net-zero operations, Monte Aircraft Leasing has added another offering to its portfolio with a letter of intent to purchase 40 modification kits from Cranfield Aerospace Solutions to convert Britten-Norman Islanders to hydrogen-electric propulsion.
Joby Aviation has confirmed that launch of its aerial ridesharing service has been delayed to 2025, citing the FAA’s change of direction on certification and internal challenges related to the startup’s vertical integration.
VoltAero has secured Italian aerospace components and structures producer TESI as a strategic investor and industrial partner as part of a €32 million ($31.6 million) Series B fundraising round.
Brazil-based on-demand private-aviation provider and electric-aircraft proponent Flapper has raised an additional $6 million of Series A funding for investments in technology and flight operations.
German urban air mobility startup Volocopter has secured an additional $182 million in funding, with Saudi Arabian smart city Neom and Hong Kong-based GLy Capital Management as new investors.
Slovenian manufacturer Pipistrel, now part of Textron Aviation, announced on Oct. 31 that it has delivered the first Velis Electro electric airplane in Canada.
As it looks ahead to certification and operation of its urban air mobility vehicles, China’s EHang has formed a partnership with commercial aircraft maintenance provider HAECO Group to develop after-sales support for its autonomous air vehicles.
On the heels of listing publicly, startup Amprius has signed a 3-year agreement to supply its high-energy-density batteries to BA Systems’ Air business for use in electrically powered flight applications.
Lufthansa Technik has converted a decommissioned Airbus A320 into a hydrogen field laboratory to test maintenance and ground-based processes in preparation for hydrogen-powered flight.
South Korean advanced air mobility startup MintAir plans to purchase up to 10 zero-emission aircraft from Australia’s Dovetail Electric Aircraft for proposed regional cargo services.
Saudi Arabian flag carrier Saudia has signed a memorandum of understanding with Lilium for the proposed development and operation of an electric vertical takeoff and landing network.
