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• Jeff Foust
Archer’s third-quarter update highlighted FAA issuance of a Special Airworthiness Certificate for its Midnight eVTOL and a planned first transition flight before year-end. The company also outlined progress toward completing its planned acquisitions of Wisk and Insitu, alongside new defense and Formula 1 partnerships.
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Archer’s third-quarter update highlighted FAA issuance of a Special Airworthiness Certificate for its Midnight eVTOL and a planned first transition flight before year-end. The company also outlined progress toward completing its planned acquisitions of Wisk and Insitu, alongside new defense and Formula 1 partnerships.
Iberia has agreed to sell Japanese trading house ITOCHU Corporation a minority stake in IAG Engine Tech, its engine-maintenance subsidiary. The deal brings an outside investor into the airline group's maintenance business; the announcement provides no valuation, stake size or transaction timeline.
US-based SC Aviation is pursuing growth through mergers and acquisitions and infrastructure development, according to the available report summary. The item does not specify the targets, investment scale or infrastructure projects, leaving the company’s expansion plans and their potential effect on its business aviation operations unclear.
TAP Air Portugal’s chief executive says the Lisbon-based carrier will maintain its focus on core markets as it joins Lufthansa Group. The airline is expected to contribute flexibility alongside Lufthansa’s scale, though the report provides no details on the acquisition’s terms or timing.
Jin Air’s chief executive has resigned ahead of a merger involving South Korea’s low-cost carriers. The departure puts a leadership change at the airline alongside a major consolidation, though the available reporting does not specify the merger’s terms or the CEO’s successor.
Israir is weighing an acquisition of Arkia, a fellow Israeli carrier. A deal would combine two airlines under the Israeli flag and reshape the country’s airline landscape, though the available reports do not specify a timetable, deal terms or whether negotiations have advanced beyond consideration.
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SpaceX disclosed that Harrison, a Google executive who had served on its board for more than a decade, resigned. His departure comes as independent directors consider a potential merger with Tesla, according to one report, putting board composition in focus amid a consequential corporate decision.
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