AE Industrial Partners, a U.S. private equity firm active in aerospace and defense, said Feb. 24 that it had struck deal to buy a “significant” stake in embattled rocket startup Firefly Aerospace from investment group Noosphere Venture Partners.
A fierce battle has erupted around the flight test center for Antonov aircraft company near Kyiv, with a Russian air assault fighting a brigade of Ukrainian national guard troops for control of the airport, Ukraine’s Ministry of the Interior says.
Airworthiness regulations with which EHang must comply to type certify its EH216 autonomous air taxi have been published by the Civil Aviation Authority of China, taking the startup a step closer to launching urban air mobility services with its self-flying vehicle.
Singapore-based private aviation charter company Yugo has signed a letter of intent with Ascendance Flight Technologies for 18 of the French startup’s planned Atea five-seat, hybrid-electric vertical takeoff and landing aircraft.
Pratt & Whitney is to design a high-efficiency, hydrogen-fueled aircraft turbine engine with funding support from the U.S. Energy Department’s Advanced Research Projects Agency–Energy.
