Old Republic Aerospace (ORAE)

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...

Air Transport

Stratolaunch | January 17, 2023

Aerospace company, Stratolaunch, recently completed the second captive carry flight using the Talon-A separation test vehicle, TA-O. This marks the 9th flight for Roc, the company's launch platform. This flight achieved a new record of six hours of total flight time reaching a maximum altitude of 22,500 feet, this marks another important step towards the company's near-term objective of completing separation testing with the TA-0. The primary test objectives included flying for th...

Business Aviation

magniX | November 16, 2021

magniX, the company powering the electric aviation revolution, and Flapper, Latin America's leading on-demand air charter platform, today announced an agreement for Flapper to purchase up to 20 magni650 Electric Propulsion Units (EPUs) for the conversion of Cessna Caravans to electric aircraft, with an expected launch date of 2024. Flapper currently uses Caravan aircraft for its scheduled service in the state of São Paulo, as well as cargo flights across Latin America. ...

Airport Management

Castlelake | December 09, 2021

Castlelake, L.P., ("Castlelake") a global alternative investment manager with 16 years of experience investing in asset-rich opportunities, today announced it has acquired The Hyatt Regency DFW International Airport with Woodbine Development Corporation ("Woodbine"), a full-service real estate company with more than 40 years of development, investment, acquisition and asset management experience. The investment combines insight into passenger traffic and airlin...