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BNDES approval of $92.5 million line of credit to support Eve eVTOL development program

EHang strategic partnership and investment with Qingdao West Coast New Area

EHang announced its strategic partnership with Qingdao West Coast New Area, one of China national new areas in Shandong province. This partnership comes with a binding US$10,000,000 equity investment and a potential additional investment of US$10,000,000 in the future. Through this strateg...

Focus on climate-neutral flying - OHB SE and AFK Enterprise agree to acquire stake in Deutsche Aircraft Holdings

OHB and AFK joint company DAH Beteiligungsgesellschaft mbH on Thursday, December 8th, signed an agreement to secure an important minority equity investment in Deutsche Aircraft Holdings, the sole owner of Deutsche Aircraft Group companies. The investment comes from a joint venture between aeros...

Blueberry Aviation completed remarketing of eleven ATR72-600 aircraft

Entering its 20th anniversary year, Blueberry Aviation has recently delivered the last of eleven ATR72-600s to US lessor Jetstream Aviation Capital. This delivery marks the completion of a repossession and remarketing project which started in 2021 following Avianca’s Chapter 11. Blueberry Aviation was mandated by the French and Italian Export Credit Agencies to support th...

Aviation Capital Group delivered A320neo to JetSMART

Aviation Capital Group announced the delivery of one new Airbus A320neo aircraft on long-term lease to JetSMART. This aircraft featuring Pratt & Whitney PW1127GA-JM engines, delivers from ACG’s orderbook with Airbus. Marine Benoit, ACG Vice President Marketing for the Latin American region, commented: “We are pleased to continue developing our partnership with JetSMART with...

Dronamics awarded 2.5 million Euros grant from the European Innovation Council for the roll-out of its cargo drone mobility solution

Dronamics has been awarded a €2.5 million grant by the European Commission under the prestigious European Innovation Council (EIC) Accelerator program. The EIC has also expressed a material commitment to support Dronamics’ upcoming Series A round. The grant will support the development and roll-out of Dronamics’ cargo drone fleet, the deployment of the first droneports in...

CDB Aviation leases six A320neos to Air India

CDB Aviation announced on the sidelines of Airline Economics Growth Frontiers Asia Pacific 2022 conference the signing of lease agreements for a fleet of six Airbus A320neo aircraft with Air India. CDB Aviation is among the first aircraft leasing companies to secure the placement of Air India’s additional A320neo aircraft under the recently announced multi-stage transformation...

VoltAero secures the first funding in its Series B round from the strategic industrial investor, TESI

VoltAero completed first tranche in its Series B financing, with Italy TESI becoming a strategic investor and industrial partner. The new funding round, which includes a €32 million capital raise, will cover certification and production launch of the first member in its electric-hybrid aircraft family, the Cassio 330. The Series B round marks the third funding phase for VoltAer...

Volocopter raises additional USD 182 million in second signing of Series E financing round

Volocopter has raised an additional USD 182 million in the second signing of its Series E funding round. NEOM – the Red Sea's smart, cognitive region project – and GLy Capital Management of Hong Kong have joined Volocopter's diverse investor base. This will carry the company beyond the certification of its electric passenger aircraft, the VoloCity air taxi....

Ampaire receives order from MONTE for up to 50 Eco Caravans

Ampaire received a firm order for 25 Eco Caravans from MONTE, a financier of sustainable regional aviation technologies. The agreement also includes an option for an additional 25 Eco Caravan order and codifies the parties’ Preferred Partner relationship. MONTE’s Investment Director, Timothy Eyre, commented: “MONTE is looking to build a fleet of low emiss...

Flexjet to become a public company via business combination with Horizon Acquisition Corporation II

Flexjet and Horizon Acquisition Corporation II announced a definitive businesscombination agreement that will result in Flexjet becoming a publicly listed company. Upon the closing of the transaction, Flexjet is expected to be listed on the NYSE under the ticker symbol “FXJ”. Flexjet as a leader in the private aviation sector with a full breadth of market...

Pilatus acquires American sales and service centre Skytech Inc.

Founded in 1976, Skytech Inc. is a specialist service provider and aircraft vendor with two locations in the US states of Maryland and South Carolina. As part of an upcoming succession plan, Pilatus has decided to take over Skytech, and the entire workforce of 120 or so will continue to be employed by the Swiss aircraft manufacturer. Skytech has operated as a Pilatus independent authorised sale...

Embraer invests in XMobots, a reference company in the development of mobile robotics and drones

Embraer signed of an investment agreement to acquire a minority shareholding in XMobots, the largest drone company in Latin America with operations in São Carlos, in the countryside of São Paulo. The deal aims to accelerate the future of the medium and large autonomous drone market and jointly explore new market niches. It also seeks to expand the collaboration network in t...

CDB Aviation completed deliveries of Ten A320-200 aircraft to Indonesia Super Air Jet

CDB Aviation delivered the last of ten Airbus A320-200 aircraft to Indonesia’s newest low-cost airline, Super Air Jet (“SAJ”). The aircraft were delivered to the carrier over a period of 18 months and are meant to support the development of Super Air Jet as a leading airline supporting the growth of domestic traffic in fast growing Indonesia as the region’s m...

CHC Helicopter completes $500,000,000 recapitalization

CHC Group LLC announce a comprehensive recapitalization transaction to significantly reduce its funded debt obligations by up to $500 million subject to regulatory approvals. As part of the recapitalization, a substantial portion of CHC’s existing debt and equity holders agreed to provide over $100 million in new money and liquidity enhancing commitments, consisting of $60 million in an init...

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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...