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Aerospace

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...

Air Transport

HyPoint | August 27, 2021

HyPoint, the company developing zero carbon-emission turbo air-cooled hydrogen fuel cell systems for aviation and urban air mobility, today announced that it has entered into a multi-phase collaborative development agreement with Piasecki Aircraft Corporation (PiAC), a pioneer in advanced rotorcraft and unmanned aircraft systems (UAS) platforms and technologies, for the development and certification of a hydrogen fuel cell system for electric vertical takeoff and landing (eVTOL) vehicle applicat...

Commercial Aviation

COMSovereign Holding Corp. | January 24, 2022

COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) ("COMSovereign" or the "Company"), a U.S.-based developer of 4G LTE Advanced and 5G communication systems and solutions today announced that its Lighter Than Air Systems ("LTAS") subsidiary, dba Drone Aviation, has been awarded a multi-unit, $8.4 million subcontract from a U.S. Government prime contractor for its Winch Aerostat Small Platform ("WASP") and related support services. Based on ...

Business Aviation

LCI | October 11, 2021

LCI, a leading aviation leasing company, today announced that its parent company, the Libra Group, has acquired the remaining minority interest in LCI Helicopters held by global investment firm KKR. We would like to thank the KKR team for their exemplary support these last seven years, helping LCI grow across sectors including offshore wind power and search and rescue. We are equally delighted that Libra Group has returned to full ownership. It has always been a valu...