Thursday, October 15, 2026

Undisclosed buyer finalises deal for Reaction Engines’ assets

Industry interest is likely to centre on collapsed developer’s thermal management technology and patent portfolio. An undisclosed buyer has snapped up the intellectual property of UK hypersonic propulsion developer Reaction Engines, the company’s administrators have disclosed. Reaction collapsed in October 2024 and insolvency specialists from PwC were appointed to handle the firm’s winding up and…

Bell completes first wings for initial pair of MV-75 test aircraft

Structures for next-generation tiltrotor were built at airframer’s Amarillo production site in Texas. Rotorcraft specialist Bell has completed the assembly of two wing structures for the MV-75 Cheyenne II tiltrotor for the US Army as it builds towards a first flight within the next two years. Bell says an initial wing was completed in February…

No survivors after skydiving P-750 crashes in western Missouri

Single-engined aircraft came down after departing Butler Memorial airport. None of the 12 occupants of a Pacific Aerospace P-750 has survived after the aircraft came down in Missouri during a skydiving flight. Preliminary information from the US FAA states that the single-engined aircraft “crashed while departing” Butler Memorial airport. The FAA adds that it was…

Greece poised to become latest C-390 customer

Athens will acquire three of the Brazilian-made transports using purchase options belonging to Portugal. Greece is set to become the latest customer of Embraer’s C-390 multi-role military transport aircraft, after a proposal to acquire three of the twinjets was approved by a parliamentary committee in Athens. The Special Standing Committee on Armaments Programs and Contracts…

Algerian regulator under pressure as first carrier put on European blacklist

Concerns raised about Air Express Algeria after third-country operator application rejected by EASA. Regional operator Air Express Algeria has become the first carrier from the north African state to be blacklisted by the European Commission, after failing to obtain a third-country authorisation. Its situation has also revealed doubts over the capabilities of the civil aviation…

Flexjet buys corporate aircraft brokerage The Jet Business

Fractional giant says acquisition of London outfit will give it ‘greater strategic control’ over fleet management Flexjet has acquired London business jet brokerage The Jet Business with the latter’s founder Steve Varsano becoming president of the fractional ownership giant, working alongside its chairman Kenn Ricci. The Jet Business, set up by Varsano in 2011, is…

Airbus defence unit reveals ‘Team Gen 6’ proposal in wake of FCAS collapse

German and Spanish industry back ‘Team Gen 6’ initiative to further sixth-generation fighter development. Airbus remains committed to delivering next-generation combat capability for Europe, despite the collapse of the New Generation Fighter (NGF) effort between France, Germany and Spain, says Jean-Brice Dumont, head of air power at the company’s Defence & Space unit. “There is…