Air taxi maker Lilium is out of money and will cease operations
Two years before German air taxi manufacturer Lilium promised to deliver its first two aircraft to customers, the air taxi pioneer has run out of money and will imminently stop making them. In a ...
Spirit Air Sells Jets to Boost Cash as Possible Bankruptcy Looms
Spirit Airlines Inc. agreed to sell 23 Airbus SE aircraft for $519 million, giving the budget carrier a much-needed cash ...
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Jet Aviation Breaks Ground In Miami
Ending months of speculation, Jet Aviation announced it has broken ground on a new FBO at Miami-Opa Locka Executive Airport ...
Boeing expects to burn cash next year as CEO says there's no quick fix for ailing planemaker
(Reuters) -Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a ...
Flying air taxis move closer to US takeoff with issuing of FAA rule
Federal regulators gave a strong push to electric-powered air taxis Wednesday by issuing a final rule for operating the aircraft and how pilots will be trained to fly them. The head of the Federal ...