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.
The German company intends to recruit contractors to build most aircraft components and systems, but will retain control of overall design, technology integration and final assembly.