A US bankruptcy court has approved a reorganisation plan under which Mooney Aerospace Group will reacquire the stock of Mooney Airplane from investor Allen Financial Holdings and relaunch public trading. Allen, which acquired the general aviation manufacturer in June in deal that provided a $4 million capital infusion, will hold 50% of the company. Creditors and public shareholders will hold the rest.
Source: Flight International
UK investigators have disclosed that a vintage glider was damaged in collision with a small drone being flown by a young operator. The Slingsby T21B – built in 1947 – has a high-wing configuration and an open cockpit, with two seats arranged side-by-side. It had been carrying a pilot and ...
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. ...
