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“How hot air ballooning is helping this Republican win in NJ” Call them lofty goals. Vinny Panico has established himself as a successful hot air balloon pilot, all while maintaining a career in sales and running a current political campaign under a Republican ticket for his local town council. The 31-year-old hails from Readington Township,…
“#Archer Aviation seeks $1B in damages from Larry Page’s Wisk Aero” Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page’s Kitty Hawk Corp., according to a court filing, raising the stakes in a heated legal dispute. The two have been embroiled in…
“#Archer Aviation says its enterprise value has been cut by $1B” Electric aircraft startup Archer Aviation’s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment said on Thursday. The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition…
“#Larry Page’s Wisk Aero takes hit in legal fight with Archer Aviation” A federal judge in San Francisco has rejected air taxi startup Wisk Aero’s request for a preliminary injunction against rival Archer Aviation, the latest development in a bizarre legal dogfight between the two deep-pocketed startups. Wisk Aero, backed by Boeing and Google co-founder Larry…
“#Pre-owned business jet shortage lifts private plane sales” A shortage of newer-model business jets is driving up prices of second-hand aircraft, a trend that is expected to deliver a windfall for luxury planemakers as new affluent buyers enter the market. After a turbulent 2020 due to COVID-19, the rush toward private transport is so marked that some…