Jon Ostrower and Elan Head·
Boeing rolls-out final 747 EVERETT — It was the one-thousand five-hundredth and seventy-fourth — and final — time a 747...
Log-in here if you’re already a subscriber How much juice do the key eVTOL entrants have left in their tanks?...
Log-in here if you’re already a subscriber Release DateOctober 12, 2022The fascinating fine print behind Delta's bet on JobyPurchase a...
Log-in here if you’re already a subscriber This post appeared as part of our Three Points Newsletter on October...
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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.
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.
When Embraer spinoff Eve on Dec. 21 confirmed plans to combine with Zanite Acquisition Corp., it became the sixth company in the urban air mobility space to link up with a special purpose acquisition company (SPAC). Rather than speak to the continued strength of SPACs, however, the deal illustrates the funding vehicle’s decline as an ample source of outside capital — even as it cements Embraer’s strategy of using partnerships to expand into new markets.
GE Aviation and Safran laid out their post-pandemic strategy, a broad technology development plan called RISE aimed at low-emission propulsion for commercial aviation in the 2030s. In a ceremony befitting the cinematic legacy of Southern California, eVTOL entrant Archer unveiled its Maker technology demonstrator. The well-funded start up is part of an industry gold rush that looks a lot like aerial entrepreneurs of the 1920s. Your humble correspondent returned to flying again after 470 days on the ground. But who's counting?
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