Electric Jet Developer Lilium Shuts Down
Funds that would have kept the company afloat ‘have not materialized in time’ despite a previous ‘breakthrough’ in its search for an investor.
Funds that would have kept the company afloat ‘have not materialized in time’ despite a previous ‘breakthrough’ in its search for an investor.
Fresh capital will help fund a hybrid vertical takeoff and landing (VTOL) model the company is developing.
Aerospace unit builds propulsion, power, cockpit, navigation, and other systems for all kinds of aircraft, from commercial airliners to spaceships.
With the acquisition of Ferrovial Vertiports, the FBO network will add takeoff and landing infrastructure to complement electrified terminals.
Manufacturer has raised an estimated $750 million in private capital from backers including Mercedes-Benz, Honeywell, and Blackrock.
Historic event finds new life with an agreement between the National Aeronautical Association and Advanced Air Mobility Institute.
State’s department of transportation creates a coalition of research universities to study a fast-approaching new generation of aircraft.
Agreement sets expectations for Archer’s regional partners, including operators, maintenance providers, and state-backed entities, to launch service as soon as next year.
Company receives FAA Part 141 approval to begin training the first generation of pilots for its electric vertical takeoff and landing (VTOL) design.
Improved sim software allows the latest iteration of the game, released Tuesday, to add a variety of aircraft not yet on the market.