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Icon Aircraft files for Bankruptcy Protection, seeks New Owner

Icon Aircraft files for Bankruptcy Protection, seeks New Owner
australianflying.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from australianflying.com.au Daily Mail and Mail on Sunday newspapers.

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Chinese Investment in U S Plane Maker Draws FBI, National-Security Reviews

The FBI and a U.S. investment-screening panel are investigating a Chinese investment in an aircraft startup following allegations of improper technology transfer to China, according to people familiar with the matter and documents reviewed by The Wall Street Journal.

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Snap Acquires AR-Focused WaveOptics for $500 Million

Snap Acquires AR-Focused WaveOptics for $500 Million The U.K.-based company already supplies Snap with the displays for its new Spectacles smart glasses Sean Burch | May 21, 2021 @ 9:42 AM In its biggest deal to date, Snap Inc. has acquired augmented reality startup WaveOptics for $500 million. Snap, the parent company of Snapchat, was already familiar with WaveOptics before the deal, with the U.K.-based company supplying the displays for the latest version of Spectacles, Snap’s AR-powered smart sunglasses. The Verge was the first outlet to report the news on Friday. Snap will pay for half of the deal in stock now, and in two years, it’ll pay the other half in either stock or cash.

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