Bombardier is targeting $9 billion in revenues by 2025 and 150 aircraft delivered annually as it continues to pay down debt and meet its financial goals.
The European start-up has unveiled plans for a 40-passenger, tandem tilt-wing design that could also be offered as a freight-carrying variant called the SkyTruck.
The funding is the defense group's latest foray into advanced air mobility following its backing for start-ups including Electra, Elroy Air, H3X, and Hidden Level.
Noting recent events, "Fig" Newton stressed during ACSF's Safety Symposium that if a problem exists anywhere in aviation, it exists everywhere in aviation.
The signing of a letter of intent with Sweden- and Dubai-based charter group Gayo Aviation marks the first provisional sales commitment for the Swiss electric airframe manufacturer.
Reporting financial results for 2022, the Chinese company said that the lifting of Covid restrictions has removed obstacles to getting its EH216 autonomous vehicle into commercial service.