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Virgin Galactic Announces Notice of Settlement of Derivative Actions
ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced that on May 19, 2026, the U.S. District Court for the Eastern District of New York (the “District Court”) issued an order granting preliminary approval of its proposed settlement with plaintiffs, executed on April 23, 2026, which would resolve all claims pending in the shareholder derivative actions captioned In re Virgin Galactic Holdings, Inc. Derivative Lit...
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JetBlue Announces Intent to Launch Service Between Fort Lauderdale and Caracas, Venezuela
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced its intent to launch nonstop service between Fort Lauderdale-Hollywood International Airport (FLL) and Simón Bolívar International Airport (CCS) in Maiquetía, Venezuela, marking the airline’s first-ever service to Venezuela. The proposed route remains subject to receipt of government approval and completion of applicable processes to operate in Venezuela. JetBlue plans to begin service before the end of the year, wit...
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JetBlue Celebrates Dominican Pride with ‘Quisqueya la Bluebella’ Aircraft Livery
SANTO DOMINGO, Dominican Republic--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU), the largest airline serving the Dominican Republic, today unveiled Quisqueya la Bluebella at Santo Domingo’s Las Américas International Airport (SDQ), a vibrant new aircraft livery celebrating Dominican pride and a major milestone for the airline. The newly designed Airbus A320 honors the country’s rich culture and JetBlue’s deep connection to the Dominican community. Created by Dominican artist Willy Gómez, the design...
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AV Awarded $20 Million Contract to Advance Ceramic Materials Research for the U.S. Air Force and Space Force
ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in defense technology innovation, today announced it has been awarded a $20 million Ceramics Advanced Materials and Processes (CAMP) contract by the Air Force Research Laboratory (AFRL) Materials and Manufacturing Directorate to advance next-generation ceramic and ceramic matrix composite materials (CMCs) for extreme aerospace and defense applications supporting the U.S. Air and Space Forces. Under the 3...
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Aviation Institute of Maintenance to Premiere First-Ever Aviation Trade School Episode of Amazon Prime Video’s The College Tour
HASBROUCK HEIGHTS, N.J.--(BUSINESS WIRE)--The Aviation Institute of Maintenance (AIM) will host the premiere event for its episode of Amazon Prime Video’s hit series The College Tour on Tuesday, June 2, 2026, at AIM’s AMT Campus in Hasbrouck Heights, New Jersey. The event marks AIM as the first aircraft maintenance trade school featured on the nationally recognized series. The evening will include red carpet arrivals, step-and-repeat photo opportunities, an exclusive screening of the episode an...
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AIRWORTHY Documentary Premiere Lands in Orlando June 4
ORLANDO, Fla.--(BUSINESS WIRE)--The Aviation Institute of Maintenance (AIM) will host a special red carpet premiere event for the new feature documentary Airworthy on Thursday, June 4, 2026, at AIM’s AMO Campus in Orlando, Florida, ahead of the film’s national streaming release on Tubi, Roku, and Kanopy. Following strong audience response at its Chicago debut, Airworthy arrives in Orlando as a powerful and timely story offering a rare behind-the-scenes look into the world of aviation maintenanc...
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Autonodyne and NAVAIR Complete Collaborative Mission Autonomy Demonstration at NAS Patuxent River
BOSTON--(BUSINESS WIRE)--On March 20, 2026, Autonodyne LLC, an autonomy software company, successfully executed two-ship Collaborative Mission Autonomy flight test demonstrations with NAVAIR Air Test & Evaluation Squadron Two Four (UX-24) at Naval Air Station Patuxent River. The flights – which demonstrated multiple layers of Autonodyne's autonomy software in live flight – marked the delivery of an integrated solution to provide safe mission autonomy test and evaluation. During the exercise...
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Vaunt Reaches $3.6 Million in ARR, Up 162% Year Over Year
ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (the “Company” or “Volato”) today announced that Vaunt, its experiential private aviation platform, reached approximately $3.6 million in annual recurring revenue (“ARR”) as of April 30, 2026, representing continued growth following the platform’s previously announced $3.0 million ARR milestone in the first quarter of 2026. The increase reflects continued member demand, expanding product-market fit, and Vaunt’s ability to conver...
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Matternet, The World’s Only FAA Type-Certified Drone Delivery Platform, Raises $33M Private Placement as Part of Go-Public Transaction
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Matternet, a leading autonomous aerial logistics technology company and the only FAA Type-Certified drone delivery platform, today announced that it has raised approximately $33 million in an oversubscribed private placement offering. Concurrent with the financing, Matternet completed a go-public reverse merger transaction with Los Altos Ventures Corp., which has been renamed Matternet, Inc. and will continue the historic business of Matternet. The financ...
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Navan Unlocks Savings for Travelers with First SAS NDC Direct Connect
PALO ALTO, Calif.--(BUSINESS WIRE)--Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced a New Distribution Capability (NDC) integration with Scandinavian Airlines (SAS). By allowing the airline to share its fares, availability, and offers directly in real time, the integration provides an expanded portfolio of SAS fares and services to Navan customers. This makes Navan the first Travel Management Company (TMC) to access SAS NDC content via a direct...