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Unical Aviation | July 20, 2021
Platinum Equity announced that it has signed an agreement to acquire Unical Aviation Inc. and certain of its affiliates from affiliates of the company's founders. Unical Aviation Inc. is a major supplier of aircraft parts and components to the global commercial aerospace industry.
Unical Aviation, Unical MRO, Unical 145, and Unical Aero are all part of the deal. The sale to Platinum Equity does not include Unical Defense Inc., a subsidiary that handles government defense contr...
Boeing | July 24, 2020
The Federal Aviation Administration on Friday instructed airlines to inspect some stored Boeing 737 planes for corrosion that could lead to engine shutdowns as hundreds of aircraft remain idled because of a drop in demand amid the coronavirus pandemic.
The order for inspections on planes that have not been operated for a week or more will impact about 2,000 jets in the U.S., the FAA said. The orders do not relate to the Boeing 737 Max, which has been grounded worldwide since March 2019 af...
Global Crossing Airlines | March 21, 2022
Eve UAM, LLC ("Eve"), an Embraer S.A. ("Embraer") company, and Global Crossing Airlines Group, Inc. ("GlobalX") have signed a Letter of Intent (LoI) to order up to 200 of Eve's electric vertical take-off and landing aircraft (eVTOL). This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. The company expects to start the deliveries in 2026.
The agreement also enables a promising partnership that intends to explore...
DEFENSE AND SPACE
AeroVironment | September 14, 2022
AeroVironment, Inc. a global leader in intelligent, multi-domain robotic systems, today announced the launch of the next-generation VAPOR® Helicopter unmanned aircraft system (UAS), VAPOR 55 MX. Delivering new levels of operational performance with a completely redesigned modular autonomy framework, VAPOR 55 MX enables increased endurance and expanded payload capacity to meet current and emerging needs of defense, commercial and industrial customers.
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