The German airline's leading private shareholder had opposed state aid, which was contingent on the government taking a 20 percent stake in the company.
Through the newly-acquired ExecuJet FBO at Paris Le Bourget Airport, the Paragon Aviation Network has gained a foothold at the key European destination.
Sameer Saveni from UK industry group ADS says UAM pioneers have reached an inflection point from which a smaller number of eVTOL contenders will emerge.
While the Covid-19 pandemic has impacted all sectors of aviation, for some it has provided opportunities, among them fractional aircraft provider Jet It.
Business aviation fliying continues to mount a substantial post-Covid-19 recovery, with U.S. traffic on June 20 actually increasing 2.5% from a year ago.
IATA Sounds Off on Covid Travel Restrictions, Gulfstream Ending G550 Production, GE Progresses on Catalyst, Supersonic Is Just Starting Point for Aerion.