Fri, Dec 08, 2023
Light plane manufacturer Robin Aircraft has been pushed into liquidation by way of French court order after the judges overseeing the firm’s troubled state declined the bids offered for the classic company.
Owners and operators of Robin Aircraft and CAP10 planes won’t find themselves left out in the cold thanks to an arrangement with CEAPR, a local enterprise that has provided parts and support for the company’s work for years already. L3Harris Technologies announced an agreement to sell off its Commercial Aviation Solutions arm for $800M to TJC L.P. The acquisition will be made with a $700 million cash purchase price and $100 million earnout based on the achievement of financial performance goals stretching out through 2024. The deal should close in the first half of 2024. ARC AeroSystems announced the return of the Avian Pegasus Gyroplane. Avian stemmed from employees of Avro Canada, designing their gyroplanes in Canada and ultimately producing 3 prototype pre-production aircraft to work through the certification process. All this -- and MORE in today's episode of Airborne-Unlimited!!!
Airborne 11.29.23 is chock full of info in this Daily News Episode, Wednesday, November 29th, 2023... 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:
- Robin Aircraft Goes into Liquidation
- L3Harris Tech Sells off Commercial Aviation Biz for $800 Million
- ARC AeroSystems Announces Redux of Avian Pegasus Gyroplane
- Hartzell Engine Tech Acquires Kelly Aero
- UN Agrees: 5% Aviation Emissions Drop by 2030
- Thales, StandardAero Announce 4-Axis STC for Airbus H125
- Surf Air Mobility to Electrify Entire Cessna Caravan Fleet
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!
© 2023, Aero-News Network, Inc., ALL Rights Reserved.
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