US investment company Crescent Capital has acquired a 58% share in general aviation aircraft manufacturer Cirrus Design. The $100 million cash injection paves the way for "continuing product development" and an increase in production of the SR20/22 piston single line, says Cirrus. Financing and production start-up problems forced Duluth, Minnesota-based Cirrus to restructure earlier this year, resulting in a 20% cut to its workforce.
Source: Flight International
Norwegian investigators believe aviation regulators and the government should assess whether sufficient consideration is given to flight safety when granting aerodrome licences, following a series of flight-school incidents at Gullknapp Arendal airport.
Latvian carrier Air Baltic’s training arm is to acquire a number of all-electric Diamond Aircraft models, as part of a modernisation of its fleet. The company has reached a tentative agreement for three Diamond eDA40s, a derivative of the single-engined DA40. It will also take a pair of twin-engined DA42-VIs. ...
European safety authorities have lifted a precautionary grounding of Italian manufacturer Blackshape’s BS 115 and BK 160 trainer aircraft, following further investigation into two fatal accidents involving the type. The grounding was ordered in March after an in-flight break-up involving a BK 160TR in Malaysia on 13 February, which prompted ...
