Hybrid-Electric Propulsion Developer Ampaire Acquires Magpie Aviation
The company will inherit several pending patents and government contracts to ramp up development of its hybrid-electric propulsion system.
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.