Aircraft management provider Sun Air Jets will more than double its existing space at the L.A. gateway with the lease of a new 62,000 sq ft hangar complex.
An expansive MOU between Aerion and sister companies NetJets and FlightSafety International includes purchase rights for 20 AS2s and a new training center.
The company says an additional $240 million raised from new and existing investors is sufficient to complete type certification of its VoloCity eVTOL aircraft.
The U.S. Air Force is awarding a $150,000 contract to see if use of a LiquidPiston rotary engine in a hybrid configuration can overcome limitations of current batteries used on eVTOL aircraft.
Proposed legislation would result in the Department of Transportation leading a new multi-agency working group and new federal funding to support the development of an AAM ecosystem.