Southeast Aerospace

Aviation Technology

Vance Street Capital LLC | October 21, 2021

Vance Street Capital LLC a Los Angeles-based private equity firm, today announced the acquisition of McFarlane Aviation, Inc. ("McFarlane"), the leading designer and manufacturer of aftermarket PMA parts for the general aviation industry. This proprietary transaction represents the fourth platform investment out of Vance Street Capital III L.P. and leverages the firm's expertise in aerospace and highly engineered components. Terms of the transaction were not disclosed.
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Air Transport

Vertical Aerospace | July 18, 2022

Vertical Aerospace a global aerospace and technology company that is pioneering zero emissions aviation, today announces a partnership with Babcock International the aerospace, defence and security company to explore new applications for its VX4 eVTOL aircraft. The VX4 has proven demand in the passenger transportation markets from established airline customers including Virgin Atlantic, aircraft lessors such as Avolon, and helicopter and tourism operators such as Bristow and Ibero...

WingX | May 22, 2020

Global business aviation traffic is down by 55 percent year-over-year as the industry continues dealing with the headwinds posed by the Covid-19 pandemic, according to the latest statistics released on Thursday by data provider WingX. In its weekly Global Market Tracker, the company noted that the 113,000 legs flown thus far in May stands in contrast to the 254,000 a year before. On average, 2,600 business aircraft were active each day in May, representing 44 percent of the number usually deploy...

Air Transport

Joby Aviation | July 30, 2021

Joby Aero Inc., a California-based company developing all-electric aircraft for commercial passenger service, announced that it has begun obtaining a Part 135 Air Carrier Certificate from the Federal Aviation Administration (“FAA”) to establish the first eVTOL airline. Joby needs a Part 135 Air Carrier Certificate to operate its revolutionary aircraft as an air taxi service in cities and communities throughout the United States. This is one of three regulatory approval...