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Fri, Nov 25, 2022

Airborne 11.16.22: CubCrafter SEC Qual, Archer Aviation, United Pay Bump

Also: A6M3 Zero, AA APA/ALPA Merger?, USAF On Pregnancy, Turtle Beach Flt Sim Gear

CubCrafters has confirmed that it has been qualified by the Securities Exchange Commission [SEC] to make a heavy-duty $50 million public stock offering using the Regulation A+ exemption, which allows for the first outside investment ever in its history.

Advised by Manhattan Street Capital, CubCrafters intends to raise up to $50 million in investment capital from its fans, customers, aviation enthusiasts, the investment community, and the general public. Archer Aviation's new home has been selected in Covington, Georgia, where a new 350,000 sq ft facility will produce up to 650 aircraft per year. The new location will abut the Covington Municipal Airport, allowing for more than 1,000 jobs to eter the region for production in the latter half of 2024. United Airlines is giving pilots a 5% pay bump, a few months earlier than anticipated. As stipulated in the Pandemic Recovery Agreement (LOA 20-05), the raise was set to go into effect for the May 2023 bid period. Unexpectedly, United, possibly spurred on by a quick return to profitability or tiresome contract negotiations, decided to let it happen earlier than planned. All this -- and MORE in today's episode of Airborne!!!

Airborne 11.16.22 is chock full of info in this Daily News Episode, Wednesday, November 16th, 2022... Presented by Aero-TV veteran videographer and Airborne Host Holland Lee. Holland is supported by ANN Chief Videographer Nathan Cremisino, as well as ANN CEO/Editor-In-Chief Jim Campbell. This episode covers:

  • Making the Big Time! CubCrafters Earns SEC Qualification
  • Archer Aviation Selects Manufacturing Location
  • United Airlines Grants 5% Pay Raise to Pilots
  • Military Aviation Museum Proud New Owners of A6M3 Zero
  • American Airlines Pilot Survey Signals Curiosity in Hypothetical APA/ALPA Merger
  • Dept. of Air Force Issues Guidance for Flights During Pregnancy 
  • Turtle Beach Revs Up the Flight Sim Market

Get Comprehensive, Real-Time, 24/7 coverage of the latest aviation and aerospace stories anytime, at aero-news.net. And be sure to join us again tomorrow, for the next edition of "Airborne Unlimited" here on Aero-TV. Thanks for watching. See you, again, tomorrow!

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