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airBaltic records the best result of Q1 in its history

EIB provides €40 million for Wingcopter to scale up electric delivery drones and logistics services

The European Investment Bank will provide a €40 million quasi-equity investment into Wingcopter GmbH. Founded in 2017 in the German state of Hesse, Wingcopter’s electrically powered unmanned aircraft are already delivering goods as part of several small-scale commercial and humanitar...

CDB Aviation releases inaugural Sustainability Report

CDB Aviation released its inaugural sustainability report, entitled 'Rising to the Challenge'. In 2022, CDB Aviation formed a Sustainability Working Group, which was tasked with developing a comprehensive new sustainability strategy, bringing together the lessor’s activities...

CDB Aviation delivers first of two A321NX aircraft to Volaris

CDB Aviation announced the delivery of the first of two A321neo aircraft fitted with Airbus’ Cabin Flex (“A321NX”) to its long-standing customer, Volaris. The delivery is part of the lease agreements signed with the airline in 2021, which forms part of the 13 total number of CDB Aviation aircraft on lease to Volaris. The carrier is expected to take delivery of the second A32...

A flying start: ACC Aviation continues Q4's momentum with a solid Q1, 2023

A combination of YOY boosts to charter flight volumes and group revenue, coupled with an already busy schedule of summer leases and increased consulting activity, sees a solid start to the year across the board for ACC Aviation. Last year was make or break for many in the aviation business - with aircraft and staffing capacity issues meeting renewed travel demand. At the same t...

Lilium announced capital raise for up to $250 Million, with $100 Million funded at close

Lilium announced a capital raise for up to $250 million, with $100 million funded at close. A Form 6-K has been filed by the Company with the Securities and Exchange Commission on May 1, 2023. This capital raise enables Lilium to continue the development of its Lilium Jet at full pace and would cover most of the estimated capital required to achieve first manned flight of the type-conforming...

Leasing programs for electric aircraft - Vmo Aircraft Leasing and H55

Vmo Aircraft Leasing and H55 announced their commitment to working together to develop leasing solutions for new clean aviation products. As part of the envisaged collaboration, teams from both companies are engaged in providing leasing programs targeted to support the nascent market for financing electric aircraft, battery storage energy and management systems. Vmo a...

Accelerating transition to Zero-emissions flight - new UK green aircraft business formed

Britten-Norman and Cranfield Aerospace Solutions have signed a Heads of Terms agreement, signaling their intention to merge and to create the world’s first fully integrated, zero-emissions sub regional aircraft for entry into service in 2026. The merger is due to complete in mid-2023, subject to final due diligence. In a funding round led by HydrogenOne, a consortium of CAeS i...

Rex announces investment in Dovetail Electric Aviation

Regional Express had taken a 20 per cent stake in Dovetail Electric Aviation (Dovetail) which is pioneering the conversion of turbine powered aircraft to electric, emission-free propulsion. The equity participation agreement formalises the strategic partnership between Rex and Dovetail and builds on the Memorandum of Understanding between the two companies which was unveiled on 21 J...

Ascendance Flight Technologies raises €21 million for further development & industrialization of its sustainable solutions

Ascendance Flight Technologies has raised €21 million. French Tech Souveraineté, operated by Bpifrance as part of the France 2030 plan, CELAD, Expansion Aerospace Ventures, SC Mahé, Adrien Montfort (CTO Sorare) via Snaw Ventures, and ARIS Occitanie have contributed to this funding round alongside historic investors Habert Dassault Finance, Céleste Management, IRDI, and M-Capital,...

Pratt & Whitney Business announces plans for $255M investment in Oklahoma City sustainment center

Pratt & Whitney announced its plans to invest $255 million through 2028 in a world-class sustainment facility in Oklahoma City, Okla. The new 845,000-square-foot facility will act as a hub for depot operations for all Pratt & Whitney military engines, including those for the F-35, C-17, F-22, F-15, F-16, B-52, and E-3 AWACS. Pratt & Whitney Oklahoma City site is part of...

Air Lease Corporation completes first ever North American corporate sukuk offering

Air Lease Corporation completed its inaugural sukuk issuance. The transaction, settled on March 15, 2023, represented the first ever offering of its kind into the Middle East market from a North American corporate and the largest sukuk from a US-based borrower in history. The offering consisted of US$600 million aggregate principal amount of 5.85% trust certificates due April 1, 2028 (th...

South Yorkshire Mayor and local leaders approve £7m investment in Hybrid Air Vehicles’ Airlander aircraft project

South Yorkshire Mayor Oliver Coppard and the South Yorkshire Mayoral Combined Authority have approved a package of investment and support for plans by Hybrid Air Vehicles to produce its pioneering new low carbon aircraft, Airlander 10, in Doncaster. HAV is a UK-based leader in sustainable aircraft technology and the Airlander 10 is an ultra-low emissions aircraft, capable of carryin...

Resiliency and increased growth for aircraft finance - Boeing forecast

Boeing released the 2023 Commercial Aircraft Finance Market Outlook showing another year of recovery and increased demand from aircraft financiers and investors. The 2023 CAFMO is Boeing's annual review of aircraft financing trends and assesses near-term market dynamics and financing sources for new commercial airplane deliveries. Rich Hammond, vice president of Customer Finance a...

UK most advanced aerospace battery facility - Vertical Energy Centre now opened

Another significant UK investment and innovation milestone with the opening of the Vertical Energy Centre, believed to be the UK’s most advanced aerospace battery facility, based in Bristol. The multi-million-pound, 15,000ft2 facility, is one of the only dedicated aerospace battery facilities in the UK. It is home to Vertical’s current 50-strong battery team – drawn fro...

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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...