While the SSJ100 and Il-114-300 airliners have received new orders, the new MC-21 model is struggling, prompting Russia's government to show its support.
Arugs: July North American business aircraft operations soared past 2020 and 2019 July totals, topping 300,000, while Europe activity was up 44.3 percent.
The HorizonX fund will now be managed through a partnership between AE Industrial Partners and Boeing's Enterprise Technology Office and Applied Innovation team.
Investors beware, warns Teal Group's Richard Aboulafia. The eVTOL air taxi scene isn't quite the armageddon that the very light jet revolution was, but you can see it from here.
The company appears to be making progress in its efforts to bring the BlackFly to market for personal air transportation under FAA's Part 103 rules for ultralight aircraft.
Four senior executives from the aviation, automotive, technology and finance sectors have been nominated as directors for the company to be formed by merging the eVTOL aircraft developer with the special purpose acquisition company.
Start-up accelerator Starburst Aerospace is preparing to launch its new Blast program in September to incubate new aviation, defense and space start-ups.
Flight testing of a 737 Max is expected to start in China on August 11 with a view to allowing the airliner to resume commercial service in the country.