United Invests in JetZero, Could Acquire 200 Blended Wing Body Aircraft
Airline believes JetZero’s Z4 could reduce fuel burn by as much as 50 percent per passenger mile versus comparably sized tube-and-wing designs.
Airline believes JetZero’s Z4 could reduce fuel burn by as much as 50 percent per passenger mile versus comparably sized tube-and-wing designs.
Agreements with Saudi Arabia’s Kingdom Aero and National Industrial Development Center aim to localize production of Doroni’s H1-X in the Middle East.
Funding will support Interstellar Technologies as it develops a reusable, orbital class launch vehicle.
Funding will support the development of Beta’s two electric aircraft variants, as well as a network of charging stations that will support them.
Manufacturer will receive a fresh cash injection from its longtime partner, which is expected to support production of its flagship air taxi.
Lieutenant Governor Garlin Gilchrist announces that Beta Technologies, Skyports, Traverse Connect, and Michigan Central will receive fresh funding.
The investment gives the company a post-sale valuation of about $275M as it works to develop its flagship TriFan 600.
The installment is expected to be the first of many for Archer, which signed contracts with AFWERX Agility Prime worth up to $142 million in July.
Short-term capital infusion is expected to help cash-strapped, on-demand private aviation firm avoid bankruptcy.
Archer finally got a monkey off its back, settling its litigation with Wisk Aero and turning its former foe into a key collaborator.