The suit against the Chinese eVTOL aircraft developer seeks compensation and damages from the U.S. District Court for the Southern District of New York for alleged materially false and misleading statements.
The acquisition, for an undisclosed amount, is set to be complete in the second quarter of 2021, and Astro also plans an initial public offering to raise further capital.
The avionics group is developing less complex, uncluttered flight displays as part of the simplified vehicle operations concept needed to support advanced air mobility.
The company will offer its hybrid-electric retrofits to operators of existing aircraft such as the Twin Otter and Grand Caravan, as well as for new models.