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Lilium successfully arranges $192 M capital raise supported by leading German technology investors

EHang announces US$23 million private placement led by South Korean strategic investor Lee Soo Man

EHang has entered into share subscription agreements for a total of US$23,000,000 private placement with several strategic investors led by Mr. Lee Soo Man, a renowned South Korean music producer, entrepreneur, and the founder of K-pop and SM Entertainment, a South Korean leading multinational...

LCI delivers trio of EMS helicopters to Italian Alidaunia

LCI has delivered three Leonardo AW169 helicopters on long-term lease to the Italian operator, Alidaunia. The aircraft were all delivered new from Leonardo and are valued at over US$30 million. They form part of the LCI and SMFL joint venture (JV) fleet, which now totals 57 aircraft value...

Joby welcomes $100 million investment expanding partnership with SK Telecom

Joby Aviation announced that SK Telecom is making an equity investment of $100 million in Joby, as part of an expanded partnership between the two companies. The agreement, executed on 27 June, paves the way for Joby to participate alongside SKT in Korea’s “K-UAM Grand Challenge.” The Challenge is a phased demonstration program, led by the Korean Ministry of Land, Infra...

IBA forecasts positive outlook for helicopter market

IBA outlined a largely positive outlook for the helicopter market. IBA expert panel signposted a number of key positive factors for the market including expected continued growth in helicopter leasing, the easing of supply chain issues, growth opportunities in sectors such as EMS, offshore and wind farms, and the successful introduction and growth of the super medium helicopter...

CDB Aviation signs lease agreements with Turkish Airlines for six 737 MAX 8 aircraft

CDB Aviation signed lease agreements for a series of six Boeing 737 MAX 8 aircraft to its current customer, Turkish Airlines. All six aircraft are part of the lessor's existing orderbook with Boeing. They will be powered by CFM International Leap-1B engines and built with the AnadolouJet-specific configuration, which is a subsidiary of Turkish Airlines. Deliveries are set to tak...

LCI delivers first ever dedicated offshore wind helicopters to USA

LCI has begun to deliver the first dedicated offshore wind helicopters in the United States of America. They will be leased under long-term arrangements to HeliService USA and support a new era of sustainable energy supply in the country. They will be operated by HeliService USA in support of Ørsted and General Electric contracts based in Quonset, RI, and Mart...

70 million investment in Mirabel - Avianor announces construction of a center of excellence for A220 aircraft

Avianor announces the official launch of the construction of its Center of Excellence for A220 aircraft at Montreal-Mirabel International Airport (YMX). Scheduled to open in autumn 2024, the Center of Excellence represents an investment of over $70 million in state-of-the-art infrastructure, digitization and equipment, including $9 million in government assistance from the Ministè...

Airbus Ventures invests in Venus Aerospace

Airbus Ventures announces its investment in Venus Aerospace, a Houston-based hypersonic startup enabling cost-effective one-hour global transport. Joining Venus’ team of investors, Airbus Ventures will support the team in their next phase of flight-redefining growth.Venus has been awarded contracts with NASA and US Defense Agencies to accelerate the development and transition of its RDRE tec...

Return to Growth - Avolon forecasts global passenger fleet to almost double by 2042

Avolon published its World Fleet Forecast – Return to Growth – projecting trends in the commercial passenger aviation fleet out to 2042. It forecasts the fleet will almost double by 2042, growing 94% to 46,880 aircraft, underpinned by sustained growth in demand for air travel, building on the rapid recovery experienced since the pandemic. Avolon estimates...

Budget boost brings brand new LifeFlight base to Sunshine Coast

LifeFlight will build a new helicopter and jet base on the Sunshine Coast, following the announcement of more than $586 million in additional Government funding over the next ten years, for the state-wide aeromedical service. The record funding arrangement gives certainty to Queenslanders that for the next decade, the vital search, rescue and aeromedical services provided by LifeFlight will c...

French government provides a €5.6 million grant as additional funding for VoltAero Cassio electric-hybrid aircraft

VoltAero funding for the development of its Cassio 330 electric-hybrid aircraft has further increased with a €5.6 million grant from the French government via BPI France. The financing was made available through the “France 2030” investment plan, which was established by the French government with the goal of sustainably transforming key sectors of the country’s ec...

Kawasaki became strategic investor in Series B funding for Cassio electric-hybrid aircraft family

Kawasaki Motors became VoltAero strategic investor, joining Series B funding for the development, production and certification of VoltAero Cassio electric-hybrid aircraft family.This investment marks Cassio program latest milestone, uniting VoltAero and Kawasaki in a shared vision for the future of electric aviation.The Series B round marks the third funding phase for Volt...

Embraer and Azorra seal deal with Royal Jordanian Airlines for eight new E2 jets

Embraer and Azorra announced a new eight aircraft deal with Royal Jordanian Airlines. The agreement will see the introduction of both the E190-E2 and E195-E2 to the airline’s fleet. Aircraft deliveries are expected to begin in Q4 2023. The agreement covers eight commercial aircraft, four E190-E2 and four E195-E2, with a list price value of $635M. Six aircraft, four E190-E2 and two E195-...

CDB Aviation delivered China first A330 P2F on lease to Sichuan Airlines

CDB Aviation re-delivered China first-ever converted Airbus A330-300 Passenger to Freighter aircraft on lease to its customer, Sichuan Airlines. The A330 was converted by Elbe Flugzeugwerke GmbH with Shanghai Technologies Aerospace Company Limited ("STARCO") at its facilities in Shanghai Pudong, concluding EFW’s first-ever A330 P2F conversion to have taken...

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Top of the week

Samson Sky secures $80 million to launch switchblade flying car production

Samson Sky, developer of the Switchblade Flying Car, announced it has secured an $80 million investment from Dubai‑based Matin Group. According to Sam Bousfield, CEO, Founder...

Kepplair Evolution accelerates its growth with a new €6 million funding round, bringing the total funding raised to €17.5 million

Kepplair Evolution, just days after completing the first pre‑modification flights of its prototype aircraft, has announced the closing of a new €6 million funding round — bringing total fin...