The recent ten-day deployment of ‘peacekeeping’ troops to Kazakhstan reflects recent and ongoing efforts to enhance Russian airborne capabilities — should Ukraine be worried?
Aeralis taps into mystery Middle Eastern wealth fund
Aeralis announced on 16 September that it has signed an investment agreement with an unnamed Middle Eastern sovereign wealth fund.
The UK-based aircraft designer added in a statement during DSEI 2021 that the wealth fund has invested an initial £10.5 million ($14.5 million) to ‘support the design, development and first flight’ of its Advanced Jet Trainer (AJT) platform.
Aeralis CEO Tristan Crawford hailed the deal as a ‘transformational moment’.
Shephard recently reported that Aeralis has added Atkins and Siemens Digital Industries Software to its integrated design team, with a first AJT flight planned for 2024.
Other configurations for the modular Aeralis platform will include light attack, jet training and aerobatic display.
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