NetJets to buy up to 150 Lilium eVTOLs

Lilium eVTOL

The world’s largest private jet operator has signed a memorandum of understanding to buy up to 150 Lilium eVTOLs for its U.S. and European fractional ownership programs

NetJets is jumping into the market of first-generation electric vertical vehicles. The unit of Berkshire Hathaway has signed a memorandum of understanding with Lilium to buy up to 150 of the zero emissions aircraft.

Blade to deploy up to 60 Embraer Eve eVTOLs in South Florida, West Coast

Blade Eve eVTOL

Embraer-backed Eve will provide flight-sharing Blade Air Mobility with up to 60,000 flight hours per year as it transitions from helicopters to eVTOLs

Blade Air Mobility, Inc. (NASDAQ: BLDE) and Eve Urban Air Mobility Solutions, Inc., a subsidiary of Embraer S.A. (“Embraer,” NYSE: ERJ), announced an arrangement for Eve to provide Blade up to 60,000 hours of flight time per year on its eVTOLs beginning in 2026 for use in Southern Florida and West Coast markets.

Fitch upgrades ratings for Flexjet, Sentient Jet parent OneSky Flight

Flexjet

Flexjet fractional share hours sold increased 35% in 2021 Q1

What a difference a year and a couple of months make. Fitch Ratings has upgraded OneSky Flight’s Issuer Default Rating (IDR) to ‘B’ from ‘B-. Fitch also upgraded the company’s senior secured term loan to ‘BB-‘/’RR2’ from ‘B’/’RR3’. The Rating Outlook is Stable. OneSky is a unit of Directional Aviation. Its private aviation brands include Flexjet, Sentient Jet, FXAIR, PrivateFly, and Halo. In April 2020, Fitch had downgraded OneFlight citing, “the effects of a global drop in demand related to the coronavirus pandemic.”

Jet Linx joins Blade to enter the VTOL market

BETA ALIA Electric Vertical Aircraft

Jet Linx is following Wheels Up and Flexjet into the vertical take-off and landing segment through an agreement with Blade

Jet Linx Aviation becomes the third of the country’s five largest for-hire private aircraft operators to announce this year it is entering the VTOL – vertical take-off and landing – space.

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