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CDB Aviation leases two A320neo aircraft to Aer Lingus

Wingcopter scores $42M, bringing on board new strategic investors to expand beyond medical drone deliveries

Wingcopter has raised $42 million from renowned financial and strategic investors. The new funding is part of a Series A extension round, tripling the company’s total equity raise to more than $60 million to date. Leading German retailer REWE Group as well as German investors Salvia and XAI te...

Qatar Airways Group announced record profit in its 25 year history of US$ 1.54 Billion

Qatar Airways Group celebrates its milestone 25th Anniversary year of operation with its strongest financial performance reflected in its published annual report for 2021/22, 200 per cent above its highest annual historical profit. In the most difficult period ever in the global airline i...

Overair receives $145 million investment from Hanwha Group to develop all-electric VTOL aircraft

Overair, announced its most recent funding of $145 million from Hanwha Systems and Hanwha Aerospace, global leaders in ultra-precision communications and aircraft technologies. With this new investment, Overair remains on track to fly its all-electric experimental prototype in the second half of 2023. Hanwha continued investment in Overair not only fuels the ongoing development...

Electra acquires Airflow to create a leader in Advanced Air Mobility

Electra.aero has acquired California-based Airflow.aero Inc. The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market.Both Electra and Airflow have been building blown-lift, ultra-short takeoff and landing aircraft to serve new air mobility markets that favor the operating flexibility of a helicopt...

Zero-emission aircraft leasing - ZeroAvia & MONTE to jointly market hydrogen-electric aircraft to regional operators

ZeoAvia has signed an agreement with MONTE Aircraft Leasing, partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft. MONTE and ZeroAvia aim to retrofit the aircraft for c...

BRV China-backed eVTOL start-up Zerog closes nearly RMB10 Million seed round

Zerog, a Chinese eVTOL aircraft developer, recently completed a nearly RMB10 million (USD1.48 million) seed round with BlueRun Ventures China as the sole investor. The financing closes as the Nanjing-based start-up unveils ZG-ONE, its pioneering eVTOL aircraft product for low-altitude tourism. The Zerog is the only publicly known eVTOL firm in China that is...

Surf Air Mobility signs definitive $1.42 Billion merger agreement with Southern Airways Corporation

Surf Air Mobility has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company of one of America’s largest commuter airlines. Southern Airways serves 39 cities across the Mid-Atlantic, Gulf South, Rocky Mountains, West Coast, New England, Hawaii, and soon the Far Pacific. T...

REGENT announced a strategic investment from Hawaiian Airlines

REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the Monarch. With this investment, Hawaiian Airlines becomes REGENT’s first U.S.-based design partner for the Monarch, which is slated for entry into commercial service by 2028. “Innovative...

flydubai records exceptional performance in the Q1 of 2022 and prepares for a busy summer

flydubai has recorded an exceptional performance in the First Quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capacity on its existing routes have been supported by new aircraft deliveries since the start of the year. Ghaith Al Ghaith, Chief Executive Officer at flydubai, commented: “Dubai has demonstrat...

FACC records significant growth in Q1 2022

FACC AG closed the first quarter of 2022 as planned with a 7.9% increase in sales compared to the previous year. The reason for this positive development is the favorable order situation for short- and medium-haul aircraft as well as orders in the business jet segment. EBIT is positive at + 3 million EUR, which is also due to the measures to reduce costs and increase efficiency that have already t...

Bristow Group to acquire British International Helicopter Services

Bristow Group announced its plans to acquire British International Helicopter Services Limited, further enhancing its leading global Government Services business. Bristow will continue to build upon BIH's strong relationships established through a longstanding history of serving both military and civilian markets. Bristow expects to realize efficiencies by leveraging its scale to continue...

LCI commits to order up to 125 BETA Technologies eVTOL aircraft

LCI has signed an agreement with BETA Technologies, developer of a fully integrated electric aviation system, to acquire up to 125 of the company’s eVTOL aircraft. LCI’s commitment for BETA’s ALIA-250 eVTOL aircraft will enable the company to sustainably support operations across the globe. Under the terms of the deposit-backed agreement, LCI will initially ac...

Nordic Aviation Capital achieves confirmation of reorganization plan

Nordic Aviation Capital announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has confirmed the Company’s Plan of Reorganization, which should enable the Company to emerge from Chapter 11 before the end of May. The Plan was approved by the Court with the consent of the Company’s existing equity holders and over 99% of voting creditors voting in favor o...

AviaAM Leasing acquires Boeing 737-800 for Passenger-to-Freighter conversion

AviaAM Leasing continues its Passenger-to-Freighter (P2F) conversion project, acquiring one more Boeing 737-800. Since the beginning of AviaAM Leasing’s Passenger-to-Freighter (P2F) conversion project in March 2021, when the first Boeing 737-800 was acquired, the company has been successfully expanding the list of their assets. Now one more Boeing 737-800 aircraft has been purchase...

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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...