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Paddle Your Own Kanoo • Mateusz Maszczynski

DOT under Trump pushback on $2.5B Spirit bailout; Iran war blamed out, fares capped for rebooking

U.S. Transportation Secretary Sean Duffy said the government does not need to provide a near-term bailout to low-cost carriers despite Spirit’s $2.5 billion relief request, calling the case a creditor issue and rejecting Iran-war fuel-price blame for Spirit’s shutdown. DOT also ordered most airlines to cap rebooking fares for canceled Spirit travelers.

2026-05-02T07:33:57.192885-07:00

SpaceNews.com

Trump nominates Lt. Gen. Doug Schiess to succeed Space Force CSO Chance Saltzman

2026-05-01T06:15:05.921695-07:00

AINonline

Textron to separate Industrial segment, creating a pure-play aerospace and defense company led by Textron Aviation and Bell

2026-04-30T11:23:34.943433-07:00

Vertical Mag

Blade goes public-market-ready for urban air mobility: CEO-backed $850M valuation and expanded Manhattan–JFK helicopter service

2026-04-29T09:04:38.231055-07:00

News Timeline

Paddle Your Own Kanoo

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DOT under Trump pushback on $2.5B Spirit bailout; Iran war blamed out, fares capped for rebooking U.S. Transportation Secretary Sean Duffy said the government does not need to provide a near-term bailout to low-cost carriers despite Spirit’s $2.5 billion relief request, calling the case a creditor issue and rejecting Iran-war fuel-price blame for Spirit’s shutdown. DOT also ordered most airlines to cap rebooking fares for canceled Spirit travelers.

2026-05-02T07:33:57.192885-07:00

DOT under Trump pushback on $2.5B Spirit bailout; Iran war blamed out, fares capped for rebooking

SpaceNews.com

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Trump nominates Lt. Gen. Doug Schiess to succeed Space Force CSO Chance Saltzman President Trump has nominated Lt. Gen. Douglas A. Schiess as the next Chief of Space Operations of the U.S. Space Force. If confirmed, he would inherit a larger Space Force in both budget and end strength than predecessor Gen. Chance Saltzman, who has led since November 2022.

2026-05-01T06:15:05.921695-07:00

Trump nominates Lt. Gen. Doug Schiess to succeed Space Force CSO Chance Saltzman

ch-aviation

Atlas Air Service exits German AOC activity, divests fleet and reshuffles leadership as it expands aircraft-maintenance business Germany-based Atlas Air Service has surrendered its AOC and divested fleet assets, while simultaneously strengthening management for its business-jet maintenance division in Bremen. The carrier also appointed Florian Kohlmann to the Vorstand for aircraft maintenance, with Dennis Klose named Director MRO, alongside plans to expand MRO operations.

2026-05-01T01:41:55.406032-07:00

Atlas Air Service exits German AOC activity, divests fleet and reshuffles leadership as it expands aircraft-maintenance business

AINonline

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Textron to separate Industrial segment, creating a pure-play aerospace and defense company led by Textron Aviation and Bell Textron Inc. said it intends to separate its Industrial segment from its core aerospace and defense businesses to sharpen strategic and operational focus. The resulting pure-play would leave Textron with Textron Aviation and Bell as major anchors, alongside Textron Systems.

2026-04-30T11:23:34.943433-07:00

Textron to separate Industrial segment, creating a pure-play aerospace and defense company led by Textron Aviation and Bell

Airbus

Airbus names Eric Kirstetter Executive Vice President, Strategy from 18 May, succeeding Matthieu Louvot Airbus has appointed Eric Kirstetter as Executive Vice President Strategy, effective 18 May. Kirstetter, who joins from consulting firm Roland Berger and reports directly to CEO Guillaume Faury, will succeed Matthieu Louvot, who is set to move to lead Airbus Helicopters, supporting execution of Airbus’s strategy roadmap.

2026-04-30T09:32:14.903197-07:00

Airbus names Eric Kirstetter Executive Vice President, Strategy from 18 May, succeeding Matthieu Louvot

DVIDS / U.S. DoD

U.S. Space Command assumes operational control of new Redstone Arsenal facility in Huntsville U.S. Space Command announced it has taken operational control of a facility at Redstone Arsenal in Huntsville, Alabama, marking a transition from its previous Colorado-based posture. Command leaders framed the move as a key step in relocating the JISE team and establishing operations in Alabama.

2026-04-29T19:20:27.369997-07:00

U.S. Space Command assumes operational control of new Redstone Arsenal facility in Huntsville

CNBC

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Fly Blade JV to launch on-demand helicopter flights in India—Mumbai–Pune and Shirdi beginning March 2019 Fly Blade Inc., positioning itself as an “Uber of helicopters,” says it will start India operations in March 2019 via a joint venture with Hunch Ventures. The initial service will operate intercity routes between Mumbai and Pune, with Shirdi added as the operation ramps, starting from intracity operations.

2026-04-29T09:05:15.328367-07:00

Fly Blade JV to launch on-demand helicopter flights in India—Mumbai–Pune and Shirdi beginning March 2019

Vertical Mag

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Blade goes public-market-ready for urban air mobility: CEO-backed $850M valuation and expanded Manhattan–JFK helicopter service Blade, the “Uber of helicopters,” is taking electric vertical aircrafts to the public markets at an initial valuation of about $850 million, per CEO Robert Wiesenthal. The company also broadened its on-demand helicopter offering with all-day rides from Manhattan to JFK, positioning it as a near-term UAM player while it expands beyond helicopter shuttles.

2026-04-29T09:04:38.231055-07:00

Blade goes public-market-ready for urban air mobility: CEO-backed $850M valuation and expanded Manhattan–JFK helicopter service

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Leadership News

DOT under Trump pushback on $2.5B Spirit bailout; Iran war blamed out, fares capped for rebooking

Trump nominates Lt. Gen. Doug Schiess to succeed Space Force CSO Chance Saltzman

Textron to separate Industrial segment, creating a pure-play aerospace and defense company led by Textron Aviation and Bell

Blade goes public-market-ready for urban air mobility: CEO-backed $850M valuation and expanded Manhattan–JFK helicopter service

News Timeline