Tag Archives: aircraft

LOS ANGELES (AP) — A small airplane that crashed into the ocean off the California coast on Sunday was constructed piece by piece over nearly a decade, one of tens of thousands of home-built aircraft that are part of a high-flying hobby taking off across the country. Federal investigators said they believe four people were aboard the single-engine Cozy Mark IV when it went down in the evening just south of San Francisco. No survivors were found and only one body had been recovered from the… Source link

Vertical Aerospace, a British electric aircraft manufacturer, announced last Thursday that it intends to go public via a $2.2 billion SPAC deal with Broadstone Acquisition. SPAC mergers, once the hottest method for private companies to go public, have seen a slump in their performances recently. Both pre-merger and post-merger SPACs have fallen in market cap within the last few months. Yet Vertical Aerospace viewed the process as an opportunity now that the frenzy surrounding blank-check… Source link

(Bloomberg) — General Electric Co. is nearing an agreement to combine its jet-leasing business with Ireland’s AerCap Holdings NV, said people familiar with the matter, in a potential deal that would join the world’s two biggest aircraft financiers in a market roiled by the coronavirus pandemic. A transaction may be announced as soon as Monday, said one of the people, who both asked not to be named discussing the matter. The deal is expected to have a value of more than $30 billion, said… Source link

Boeing has vowed to make flights using its planes more eco-friendly within the next decade: The aviation titan has announced its commitment to make sure its planes can fly on 100 percent sustainable fuels by 2030. It explained that making the shift to sustainable fuels is the “safest and most measurable solution to reduce aviation carbon emissions in the coming decades.” It’s also a necessary step to take for the industry to achieve its goal of slashing its carbon emissions by… Source link