acquisition

Latest addition to the manufacturer’s portfolio complements its other vertical takeoff and landing (VTOL) projects.

With the acquisition of Ferrovial Vertiports, the FBO network will add takeoff and landing infrastructure to complement electrified terminals.

The manufacturer called the acquisition the “first step” of its plan to build a facility capable of churning out 500 air taxis per year in 2025.

The company will inherit several pending patents and government contracts to ramp up development of its hybrid-electric propulsion system.

The transaction comes just a few months after Airbus U.S. Space & Defense added a dedicated military drone business.

This portfolio includes AvWeb.com, Aviation Consumer, Aviation Safety, IFR Magazine, and Kitplanes.

Significant Spirit shareholder urges board to vote for JetBlue merger.

The Denver-based carrier is trying to sway Spirit decision makers to merge with it instead of JetBlue.

In the latest update from the Spirit Airlines (NYSE: SAVE) takeover saga, the low-cost carrier said this week that it would decide whether to merge with JetBlue (NASDAQ: JBLU) or Frontier (NASDAQ: ULCC) before the shareholder meeting that’s scheduled for June 30. Spirit president and CEO Ted Christie said in a statement that “consistent with […]

The airline offers an improved proposal, increased by $150 million ahead of the Frontier vote.