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While such deals across the rising eVTOL industry seemingly represent a new aerospace business model in which customers have a stake in the overall success of the product, a detailed review of securities filings and other fine print by The Air Current reveals a far more transactional arrangement. Airlines are lending their branding and credibility in exchange for a possibly lucrative piece of a buzzy market, regardless of whether or not an aircraft will be delivered or even formally ordered.
It's been a frenetic week for fleet moves. Alaska Air is formally removing the asterisk on its Proudly All Boeing moniker, Delta got an all-new aircraft type, Air Canada's getting in line for early A321XLRs and the FAA is putting a significant question mark over the availability of the 737 Max 10. After the crash of China Eastern 5736, The Air Current compares historical high rates of descent for key air accidents. It's an important dose of perspective in the early phases of the investigation into what brought down the 737-800. Whisper Drone charts a course for high-speed electric flight. TAC spoke with Whisper Aero founder Mark Moore about its new drone testbed and its prospects as a promising early application for its ultra-quiet electric propulsors.
NetJets and FlightSafety International – both units of Warren Buffett’s Berkshire Hathaway – have jumped into the electric vertical take-off and landing market, announcing plans for a strategic partnership with the German eVTOL developer Lilium. Buffett’s aviation investments have been stretched across the aerospace chain and with varying success.
Chorus Aviation is acquiring Falko Regional Aircraft, kicking off a fresh round of consolidation in the leasing space -- this time among those who focus on regional aviation.
The Federal Aviation Administration and U.K. Civil Aviation Authority have started working toward a bilateral agreement for the future certification and validation of eVTOL aircraft. It’s a post-Brexit signal that the CAA is not looking exclusively to Europe for guidance.
