Wheels Up has reportedly retained attorneys specializing in corporate restructuring. In early-June, the company completed a reverse stock-split, raising its per-share price above $1.00 to avoid being delisted by the New York Stock Exchange. Founded in 2013 by Kenny Dichter, Wheels Up is a New York City-based provider of on-demand aircraft services. The company is among the world’s largest private aviation concerns--for now.
NJASAP has filed a class-action grievance alleging: “NetJets is failing to provide adequate and standardized training across all segments of the pilot group from its newly hired pilots who are completing initial aircraft training to crewmembers who have been on property for decades and are completing new aircraft transition training.”
Safran Engines Remain Popular in Sustainability Testing as Industry Eagerly Decarbonizes
China's first Sustainable Aviation Fuel-powered rotary-wing flight has been completed using an Airbus H125. The national first was performed using the aircraft from the State Grid Space Technology Company. The firm managed to make a footnote in their history by beating the rest of the field to flight using a hybrid ratio of 40% synthesized SAF from China National Aviation Fuel.
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