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Aerofugia Secures Series C Funding and Sells 50 AE200 eVTOLs

Aerofugia raises Series C capital and finalizes a 50-unit AE200 eVTOL contract with Sino Jet, advancing urban air mobility in China.

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Aerofugia Secures Series C Funding and 50-Unit Firm Order from Sino Jet

In a significant week for the low-altitude economy, Aerofugia, a subsidiary of Geely Technology Group, announced the completion of its Series C financing round and the signing of a definitive procurement contract for 50 AE200 eVTOL aircraft. The announcements, made during the AERO Asia 2025 exhibition in late November, mark a critical transition for the company from development to commercialization.

The dual milestones underscore the rapid maturation of China’s electric vertical takeoff and landing (eVTOL) sector. With fresh capital to fuel airworthiness certification and a confirmed orders book from the Asia-Pacific region’s largest business aviation operator, Aerofugia is positioning itself as a frontrunner in the race to launch commercial urban air mobility services.

Series C Financing to Accelerate Certification

On November 27, 2025, Aerofugia confirmed the successful completion of its Series C financing round. While the exact valuation remains undisclosed, the company stated that the round raised “hundreds of millions of RMB.”

This injection of capital follows a Series B round completed in June 2024. According to the company’s official statement, the funds are earmarked for three primary objectives:

  • Accelerating the research and development of the AE200 aircraft.
  • Finalizing airworthiness certification with the Civil Aviation Administration of China (CAAC).
  • Preparing for commercial operations and fleet delivery.

The continued investor support highlights confidence in Aerofugia’s technical roadmap, particularly as the AE200 progresses through the advanced stages of compliance testing.

Sino Jet Commits to 50 Units

Perhaps the most operationally significant announcement came on November 28, when Aerofugia signed a definitive procurement contract with Sino Jet (Hualong Aviation). The deal solidifies a firm order for 50 units of the AE200 eVTOL.

This agreement represents a conversion of a previous Letter of Intent (LOI) for 100 units into a binding contract for the first batch of 50 aircraft. Sino Jet intends to integrate these vehicles into its existing fleet to create a “Business Aviation + eVTOL” service model. By utilizing eVTOLs for the “last mile” of travel, such as transfers between airports and city centers, Sino Jet aims to reduce total travel time for high-end clients by up to 80%.

“Sino Jet plans to integrate these aircraft into its business aviation fleet… offering seamless, efficient connections for high-end travelers.”

Aerofugia Press Release

Expanding the Ecosystem

Beyond the Sino Jet deal, Aerofugia secured additional strategic wins during the exhibition:

  • Air Union (Konglian Jiexing): Signed a confirmed order to explore low-altitude expansion, with a potential focus on overseas markets.
  • Dazhong Transportation: Entered a comprehensive cooperation agreement to develop “urban three-dimensional travel” solutions, likely integrating air mobility with ground transportation networks.
  • Shenzhen Urban Transport: Signed a strategic agreement focused on “Order Landing + Production Planning Synergy” to integrate eVTOL operations into Shenzhen’s smart city infrastructure.

The AE200: Technical Specifications

The aircraft at the center of these agreements, the AE200, is a 5-to-6-seat tilt-rotor eVTOL designed for high-density urban environments. It features an all-electric propulsion system capable of vertical takeoff and efficient forward flight.

According to Aerofugia, the aircraft boasts a range of approximately 200 kilometers and a cruise speed of roughly 248 km/h. These specifications are tailored to cover the majority of intra-city and inter-city commuting needs within China’s major economic zones.

The AE200 has already completed critical technical milestones, including full-tilt transition flight tests. It is currently undergoing rigorous airworthiness certification processes with the CAAC, a prerequisite for commercial deployment.

AirPro News Analysis

The transition from non-binding Letters of Intent (LOIs) to definitive procurement contracts is a pivotal moment for any eVTOL manufacturer. In an industry often criticized for inflated order books consisting of “soft” commitments, Aerofugia’s ability to lock in a firm 50-unit contract with a major operator like Sino Jet distinguishes it from many competitors.

Furthermore, the strategic alignment with ground transport giants like Dazhong Transportation suggests a pragmatic approach to infrastructure. Rather than viewing eVTOLs in isolation, Aerofugia is building an ecosystem where air taxis serve as a complementary node in a broader multimodal transport network. This “ecosystem-first” strategy may prove essential for overcoming the logistical hurdles of early adoption.

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Photo Credit: Aerofugia

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Business Aviation

Daher Delivers 1,300th TBM 980 High-Performance Turboprop

Daher Aircraft marks delivery of its 1,300th TBM, the TBM 980, highlighting advanced avionics and sustained global demand.

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This article is based on an official press release from Daher Aircraft.

Daher Aircraft has officially delivered its 1,300th TBM family airplane, marking a significant production milestone for the high-performance turboprop line. The announcement was made on April 22, 2026, at the AERO Friedrichshafen trade show in Germany, according to a company press release.

The milestone aircraft is a newly introduced TBM 980, which was handed over to an undisclosed customer based in the United States. This delivery underscores the sustained global demand for the TBM series, particularly among private owners and business aviation operators seeking a balance of jet-like performance and turboprop efficiency.

As we observe the broader aviation market, the continued success of the TBM 900-series highlights a strong preference for versatile, single-engine aircraft capable of operating from shorter runways while offering advanced safety and avionics features. Daher currently offers both the TBM 980 and the TBM 960, which was launched in 2022, in its active sales catalog.

The Milestone Aircraft: TBM 980

Performance and Specifications

The 1,300th delivery highlights the capabilities of the TBM 980, a high-performance, six-seat single-engine turboprop. According to supplemental industry research, the aircraft boasts a maximum cruise speed of 330 knots true airspeed (KTAS) and a maximum range of up to 1,730 nautical miles. It is highly versatile, capable of operating from shorter runways with a takeoff distance of just 2,535 feet.

In its official release, Daher notes that the TBM 980 is powered by Pratt & Whitney Canada’s advanced PT6E-66XT engine, paired with a five-blade composite propeller manufactured by Hartzell Propeller. These components are linked to a dual-channel digital Engine and Propeller Electronic Control System (EPECS) and a fully digital e-throttle, optimizing both fuel efficiency and pilot responsiveness.

Next-Generation Avionics

A major selling point of the TBM 980 is its integration of Garmin’s third-generation G3000® PRIME avionics suite. Industry data indicates this system received Federal Aviation Administration (FAA) certification in October 2024. The interface features three 14-inch, edge-to-edge touchscreen displays designed to reduce pilot workload through a shallower menu structure.

Furthermore, the aircraft is equipped with the HomeSafe™ fully automated emergency landing system. In the event of pilot incapacitation, this system autonomously manages the aircraft’s descent, communication, and landing at the nearest suitable airport, providing a critical layer of safety for owner-operators.

Daher’s Legacy and Market Position

Evolution of the TBM Family

The TBM series has a long-standing reputation in the aviation sector. According to the Daher press release, the aircraft family entered service in 1990 with the TBM 700 version, followed by the higher-performance TBM 850 in the mid-2000s. Daher acquired the product line in 2014 and has since introduced six consecutive versions within the TBM 900-series.

The delivery achievement reflects sustained global demand for the TBM series among private owners, business aviation operators and in utility operations.

Today, nearly half of all 1,300 TBMs delivered belong to the Daher TBM 900-series, cementing its position as the best-selling product line in TBM history. Overall, the combined global TBM fleet has logged more than 2.78 million flight hours across various operations worldwide.

Strategic Unveiling at AERO Friedrichshafen

European Aviation Showcase

The announcement was strategically timed to coincide with AERO Friedrichshafen, running from April 22 to April 25, 2026. The event is recognized as one of Europe’s premier gatherings for general and business aviation. Industry reports note that the 2026 event hosts between 650 and 750 exhibitors from nearly 40 countries, attracting upwards of 32,000 to 35,000 visitors. Exhibiting the TBM 980 at this venue provides Daher with maximum visibility among European and global fleet operators.

AirPro News analysis

The delivery of the 1,300th TBM underscores a broader industry trend that we identify as a “turboprop renaissance.” Aircraft buyers are increasingly opting for high-performance turboprops over traditional light jets. This shift is driven by the lower operating costs, superior fuel efficiency, and short-runway versatility that aircraft like the TBM 980 provide.

Additionally, the fact that the milestone aircraft was delivered to a U.S. customer highlights North America’s continued dominance as the primary driver of general and business aviation demand. The integration of advanced technologies, such as the Garmin G3000 PRIME and the HomeSafe™ Autoland system, represents a massive leap in single-pilot safety. These innovations are making high-performance aviation more accessible and secure, which will likely sustain Daher’s market momentum in the coming years.

Frequently Asked Questions

What is the 1,300th TBM aircraft delivered?

The 1,300th aircraft delivered by Daher is a TBM 980, the latest evolution in the TBM 900-series, which was handed over to a U.S.-based customer.

What avionics system does the TBM 980 use?

The TBM 980 is equipped with Garmin’s third-generation G3000® PRIME avionics suite, featuring advanced touchscreen displays and enhanced processing power.

How many flight hours has the global TBM fleet logged?

According to Daher Aircraft, the combined global TBM fleet has logged more than 2.78 million flight hours in operations around the world.

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Photo Credit: Daher

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Blackbird Partners Develops The Nest Private Hangars at KSUS

Blackbird Partners unveils The Nest at SUS, a 12.7-acre private hangar complex at Spirit of St. Louis Airport with owned concrete hangars for business jets.

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This article is based on an official press release from Blackbird Partners.

Blackbird Partners has officially announced the development of “The Nest at SUS,” a new 12.7-acre private aviation hangar complex located at the Spirit of St. Louis Airport (KSUS) in Chesterfield, Missouri. The project aims to deliver premium, purpose-built infrastructure to one of the Midwest’s most active international business aviation hubs.

Departing from the traditional aviation real estate model, the new development offers hangars for private ownership rather than leasing. This approach is designed to address a growing demand among high-net-worth individuals and corporate flight departments who require long-term asset control and specialized facilities for modern Commercial-Aircraft. According to the company’s announcement, presales are currently active, with groundbreaking scheduled for early 2027 and project completion expected in 2028.

The development promises to combine robust concrete construction with luxury lifestyle amenities, solving a nationwide shortage of adequately sized hangar space for ultra-long-range business jets. By integrating flight preparation spaces with high-end owner accommodations, Blackbird Partners is positioning The Nest as a distinct alternative to standard shared hangar spaces or traditional Fixed Base Operator (FBO) models.

Project Specifications and Ownership Model

Architectural Design and Scale

The 12.7-acre facility will be situated off Taxiway Delta at KSUS. According to project details, the site will feature four reinforced concrete hangar structures, referred to as “wings,” which will house a total of eight individually owned hangars. The use of premium-grade reinforced concrete, rather than traditional metal, is a key differentiator for the development.

Each wing is designed to contain two distinct spaces to accommodate varying fleet sizes. The smaller configuration offers a 6,705-square-foot private hangar capable of sheltering up to a super-midsize jet. The larger configuration provides a 14,909-square-foot single-owner hangar specifically designed for ultra-long-range jets or multiple smaller aircraft. For buyers with extensive fleet requirements, there is an option to purchase an entire wing, yielding 31,549 square feet of combined hangar and office space.

Beyond aircraft storage, the fully climate-controlled facilities will feature two floors of customizable owner, lifestyle, and crew spaces. These integrated areas can be tailored to include lounges, private offices, kitchens, and dedicated pilot facilities.

The Ownership Structure

A central pillar of The Nest at SUS is its ownership model. Blackbird Partners emphasized this distinction in their official announcement:

Built to be owned, not leased. Fully private. Concrete-built. Architecturally refined… Not an FBO. Not shared hangar space.

Buyers will purchase the hangars under a 40- to 50-year airport ground lease. To maintain the property, the complex will operate under a homeowner association (HOA) model administered by Blackbird Partners. This association will collect annual dues to manage all exterior maintenance and shared systems, ensuring a turnkey experience for owners.

Strategic Location at Spirit of St. Louis Airport

Infrastructure and Capabilities

The selection of Spirit of St. Louis Airports (KSUS) places the development in a highly strategic location. Situated 17 miles west of the central business district of St. Louis, the 1,300-acre airport is widely regarded as the business aviation center of the Midwest. Its primary runway (8R/26L) is a 7,485-foot all-weather concrete strip, easily capable of handling large, fully fueled business jets.

A critical factor for owners of ultra-long-range jets is the airport’s international readiness. KSUS features 24-hour U.S. Customs and Border Protection services on-site, allowing international flights to clear customs directly without the need for a repositioning stop.

Airport Traffic and Leadership Support

KSUS is a highly active airfield. According to airport data, it recorded 143,570 aircraft operations in 2022, averaging 393 per day, with 88 percent of those operations attributed to general aviation. The airport currently serves as the base for nearly 300 aircraft.

In their announcement, Blackbird Partners specifically credited local leadership for facilitating the development, extending special thanks to Spirit of St. Louis Airport Director of Aviation John Bales, David Schubert, and St. Louis County officials for their support.

The Team Behind The Nest

Founders and Contractors

Blackbird Partners is led by co-founders Carson Fox and Ryan Bedford. Fox brings a background as a former jet broker and real estate investor, providing insight into aircraft valuation and owner requirements. Bedford, a former Olympic speedskater and multi-family real estate developer, leads a company recognized as one of the nation’s largest insulated concrete form contractors.

The St. Louis project is the company’s second facility of this kind, following a smaller prototype complex recently completed at Waukesha County Airport (KUES) in Wisconsin. To execute the KSUS build, Blackbird has partnered with VJS Construction Services, a Wisconsin-based general contractor with a dedicated aviation division experienced in building hangars and FBOs. The architectural vision is being led by Daniel Merkt and Benjamin Mather (AIA, NCARB).

AirPro News analysis

The development of The Nest at SUS highlights a significant macroeconomic trend within the business aviation sector: the growing disparity between modern aircraft dimensions and legacy airport infrastructure. Most existing hangars at U.S. airports were constructed decades ago for smaller aircraft. Today’s flagship business jets, such as the Gulfstream G700 or Bombardier Global 8000, feature significantly larger wingspans and taller tails that simply cannot fit into older facilities.

Concurrently, there is a well-documented, nationwide shortage of hangar space. Because airports possess limited developable land, waitlists for premium hangar space can stretch for years. By offering guaranteed, long-term ownership of a premium asset rather than a temporary lease, Blackbird Partners is capitalizing on this real estate squeeze. This model not only secures necessary infrastructure for flight departments but also transforms the hangar from a pure operational expense into a long-term real estate asset.

Frequently Asked Questions

What is The Nest at SUS?

The Nest at SUS is a 12.7-acre private aviation hangar complex at the Spirit of St. Louis Airport (KSUS) in Missouri. It features eight individually owned, concrete-built hangars designed for private ownership rather than leasing.

When will the project be completed?

According to Blackbird Partners, groundbreaking is scheduled for early 2027, with project completion expected in 2028. Presales are currently active.

Can these hangars accommodate ultra-long-range jets?

Yes. The larger hangar configurations (14,909 square feet) are specifically designed to accommodate the largest ultra-long-range business jets currently in production.

Sources

Photo Credit: Blackbird Partners

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Business Aviation

Bell Textron Secures Orders for Three Bell 429 VIP Helicopters in Europe

Bell Textron announces three Bell 429 helicopter orders for VIP operators in the UK and Estonia, highlighting demand for luxury twin-engine rotorcraft.

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This article is based on an official press release from Bell Textron.

On April 22, 2026, Bell Textron, a Textron Inc. company, announced the successful signing of purchase agreements for three corporate-configured Bell 429 helicopters. According to the company’s press release, the new aircraft are destined for VIP operators based in the United Kingdom and Estonia. The announcement was made during the 32nd annual AERO Friedrichshafen aviation trade show in Germany, where Bell is currently exhibiting its aircraft.

We note that this development underscores a sustained demand for luxury, twin-engine rotorcraft within the European corporate market. The Bell 429 has become a focal point for executives and private owners who prioritize a blend of speed, advanced avionics, and premium cabin comfort.

The recent orders follow closely on the heels of Bell’s introduction of new luxury interior options, signaling the manufacturer’s intent to capture a larger share of the high-end European VIP transport sector.

Expanding the European VIP Footprint

The addition of these three aircraft strengthens Bell’s twin-engine stronghold across Europe. Industry research highlights that the UK market, in particular, has been a strategic focus for the manufacturer. In late 2025, Bell appointed Tangmere Aircraft Sales as an authorized representative specifically tasked with promoting its twin-engine product line to owners and operators across the UK and Ireland.

“We continue to see a growing demand for our corporate-configured aircraft in region, especially with the Bell 429,” said Robin Wendling, Managing Director, Europe, Bell, in the official release. “The Bell 429 combines speed, comfort, and luxury, which are three things that are especially ideal for our corporate and VIP customers.”

Wendling, who was promoted to European Managing Director in October 2024 and brings over 15 years of rotorcraft sales experience, has been credited by industry analysts with driving significant growth for Bell 429 sales in Western Europe.

The Appeal of Twin-Engine Reliability

Beyond luxury, the technical specifications of the Bell 429 drive its adoption among European operators. Market context reports indicate that VIP operators in regions like the UK and Estonia increasingly favor twin-engine helicopters for their superior safety margins. Powered by twin Pratt & Whitney Canada PW207D1 engines, the aircraft delivers a cruising speed of up to 150 knots and a range of approximately 418 nautical miles.

Furthermore, its Category A performance standards and Single Pilot Instrument Flight Rules (IFR) capability ensure it can safely navigate over water, mountainous terrain, and densely populated urban centers, providing critical redundancy in the event of a single engine failure.

Inside the Bell 429 Designer Series

To amplify the flight experience for its VIP clientele, Bell recently launched new luxury interior options for the platform. As noted in the press release, the latest upgrade to the “Designer Series” was unveiled last month at the VAI Verticon 2026 convention in Atlanta.

Developed in response to customer feedback, the VVIP upgrades feature five distinct color schemes. According to industry data, the enhanced cabin includes premium Forte Italian leather upholstery, sound-dampening composite panels, and an Alcantara leather headliner with an integrated LED lightbar. The upgraded console also modernizes the passenger experience with dual USB-C ports, a removable ice bin, and white gold-plated accents.

Global Fleet Milestones

The Bell 429 features one of the largest cabin spaces in the light twin-engine category, offering flat flooring and flexible club seating for up to seven passengers plus one pilot. The manufacturer reports that there are currently over 500 Bell 429s in operation worldwide, having accumulated more than 735,000 total flight hours across corporate, emergency medical service (EMS), and law enforcement missions.

AirPro News analysis

We view Bell’s announcement at AERO Friedrichshafen 2026 as a calculated demonstration of market confidence. With the trade show featuring a record 50 business aircraft on display this year, up from 30 the previous year, the venue serves as an ideal backdrop for highlighting corporate aviation growth. By pairing the proven reliability of the Bell 429’s twin-engine architecture with the highly customized, ultra-luxury Designer Series interior, Bell is effectively targeting a specific echelon of European buyers who refuse to compromise between operational safety and executive comfort. The strategic regional partnerships, such as the one established in the UK, appear to be paying dividends in securing these high-value VIP contracts.

Frequently Asked Questions (FAQ)

What is the passenger capacity of the Bell 429?
The Bell 429 can accommodate up to seven passengers, plus one pilot, featuring flexible club seating and flat flooring.

What is the range and speed of the Bell 429?
According to industry specifications, the Bell 429 has a cruising speed of up to 150 knots (approx. 173 mph) and a range of roughly 418 nautical miles (775 km).

What is the Bell 429 Designer Series?
Launched in March 2026, the Designer Series is a VVIP interior upgrade featuring premium Italian leather, sound-dampening panels, an Alcantara headliner, and modernized cabin consoles with white gold-plated accents.


Sources:
Bell Textron Press Release

Photo Credit: Sheldon Cohen Photo

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