June 10 - Aeros is modifying and expanding its corporate structure to support forthcoming global cargo delivery operations utilising the Aeroscraft.
Aeros has rebranded to Aeroscraft Corporation with its headquarters in California.
Aeroscraft Corporation is shifting its focus towards being a design, production and operating business for the Aeroscraft fleet of vertical-lift, heavy cargo airships while continuing to engage in government research and development programmes for traditional lighter-than-air technologies.
Aeroscraft Corporation will become the holding company for the Aeroscraft's manufacturing, flight operations and logistics services.
The new corporate structure will be comprised of three subsidiaries: Aeros Aeronautical Systems Corporation (AASC) responsible for manufacturing and type certifying the vehicles; Aeros Cargo Airline (ACA) responsible for global operations, training and delivery of chartered aircraft; and Aeros Logistics (AL) which will own and charter the fleet of Aeroscraft as well as providing logistics services.