Textron will acquire Pipistrel in a deal worth $242MM for 90% of Pipistrel’s equity according to Corporate Jet Investor. This deal will dramatically accelerate the development of both the fixed wing (CTOL) and VTOL segments of electric aviation.
Georgia Republican Senate candidate Herschel Walker is headed to a December 6 runoff election against Sen. Raphael Warnock (D), after regular eruptions of negative stories about Walker’s past that began almost immediately upon his entering the race.
The Senate approved a new contract between railroad companies and labor unions on Thursday in a last-minute vote, preventing a nationwide railroad strike and severely hamstring the economy.
Jeffrey Epstein’s estate agreed to pay $105 million to the U.S. Virgin Islands over claims he used the territory to operate his sex trafficking ring under the cover of running a financial firm, the New York Times reported Wednesday.