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United Airlines | June 15, 2020
United Airlines today announced that it plans on using its MileagePlus frequent flyer program as collateral to secure a $5-billion loan, which would enable the company to boast an expected $17 billion in total liquidity by the end of 2020’s third quarter. This figure also factors in an anticipated $4.5 billion to be made available to the carrier through the U.S. government’s ‘Coronavirus Aid, Relief, and Economic Security Act’ (CARES Act) Loan Program, for ...
Aviation Technology
Supernal | October 18, 2022
BAE Systems and Supernal announced an agreement to design and develop the flight control computer for Supernal’s electric Vertical Takeoff and Landing (eVTOL) vehicle In support of Supernal, BAE Systems will help define the architecture of a lightweight, fly-by-wire system for its autonomous-capable aircraft. The fly-by-wire controls will safely and efficiently control the aircraft during flight. The development of advanced, high-integrity controls is crucial to meet the demands of electri...
Wheels Up | April 04, 2022
Wheels Up Experience Inc., the leading brand in private aviation, today announced it has officially closed its acquisition of Air Partner plc, a U.K.-based global aviation services group with operations in 18 locations and four continents. Under the terms of the transaction, and following stockholder and regulatory approval, Wheels Up has acquired the entire issued share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $109 million. ...
Air Transport
PRnewswire | March 30, 2023
Starburst, the leading global Aerospace and Defense (A&D) startup accelerator and strategic advisory practice, today announced its expansion into Washington, DC. With a new office and the addition of Rob Ganim, who has joined Starburst's DC office as Director of Government Affairs and Business Development, Starburst is developing deeper relationships within this significant region. These new routes of engagement with the US government and the greater entrepreneurial community stron...
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