American carrier Delta Air Lines has partnered with air taxi startup Joby Aviation to offer its customers a transformational, sustainable home-to-airport transportation service. The city-to-airport service by air will be offered in New York and Los Angeles initially. The partnership for home-to-airport transportation service involves integrating Joby Aviation operated service into Delta Air Lines customer-facing […]
Subscription-based private aviation company Flexjet has signed an agreement with publicly traded special purpose acquisition company (SPAC) Horizon Acquisition Corporation II in a move to go public by mid-2023. Under the terms of the agreement, the aviation company will combine with Horizon Acquisition to become a listed company on the New York Stock Exchange (NYSE). […]
Archer, an electric aircraft start-up, has agreed to merge with Atlas Crest Investment, a special purpose acquisition company (SPAC), in a deal valued at around $3.8 billion. The merger will enable Archer to become a publicly listed company that will trade on the New York Stock Exchange (NYSE) under the ticker symbol – ACHR. Ken […]
Aviation industry news : BBA Aviation has signed an agreement to sell aircraft parts manufacturer Ontic to private equity firm CVC Capital Partners for an enterprise value of $1.37 billion. Ontic, which was acquired by the British aviation company in February 2006 for $67 million, is a provider of a high-quality, original equipment manufacturer (OEM) […]