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Strong full-year 2021 results for Airbus

CDB Aviation delivers first A320neo aircraft to flynas

CDB Aviation delivered the first of up to five Airbus A320neo aircraft to a new airline customer, flynas, the Saudi Arabia-based air carrier. “This latest addition of NEO aircraft to flynas’ growing fleet advances its ambitious plans to expand the fleet and increase the scope of...

Transformational ride sharing platform in Southeast Asia - Avolon & AirAsia

Avolon announces that AirAsia, has signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 eVTOL aircraft from Avolon. These eVTOL aircraft will allow AirAsia to further revolutionise air travel by providing advanced air mobility to a whole new range of passengers, transf...

SmartLynx adds Boeing 737 MAX 8 to the fleet

A significant milestone in SmartLynx Airlines expansion. The leading ACMI and charter operator has signed an agreement with SMBC Aviation Capital to lease two Boeing 737 MAX 8 aircraft to meet growing demand from European and overseas markets. This deal launches a successful partnership between the airline and one of the biggest global lessors, with deliveries of the aircraft to SmartLynx Air...

0-G Launch and Global Aviation Ventures joining Forces for Zero-Gravity flights

0-G Launch, a Washington DC-based provider of the Space Jet™ aircraft for microgravity services and horizontal rocket air-launch, and Global Aviation Ventures (GAV), a firm with extensive expertise in the growth, development, funding and exit of startups in the aviation, aerospace and defense sectors, announce the signature of their agreement to join forces on deploying a global fl...

New investment in Bye Aerospace - Fuyo Lease Group

Fuyo General Lease Co., Ltd. has undertaken a third-party allocation of new shares in Bye Aerospace Inc., a developer of small electric aircraft; and has entered into a capital alliance to support its business. Amid global demand for measures to combat climate change, the aviation industry is also making efforts to achieve decarbonization, such as the International Air Transport Associat...

Wheels Up announces agreement to acquire Air Partner

Wheels Up has reached an agreement to acquire Air Partner, a U.K.-based global aviation services group with operations in 18 locations and across four continents. Under the terms of the transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $107 million....

Wisk Aero secures $450 million from Boeing to advance certified autonomous electric flight

Wisk has secured $450 million in funding from The Boeing Company, making it one of the most well-funded AAM companies in the world. Combined with previous funding, this investment reinforces Wisk’s strong position as a privately-backed AAM leader and highlights the strength of Wisk’s strategic partnership with Boeing and their collaboration on critical technology development. T...

Fearless Forecasts 2022 predicts continued aviation recovery - Avolon

Avolon issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty Risk, the paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying themes that will shape the year ahead and setting out Avolon’s ‘Fearle...

Lockheed Martin Ventures leads series A funding round for Electra.aero

Electra announced that it has received an investment in its Series A funding round from Lockheed Martin Ventures. The funding will support Electra's plans to begin flight testing a full-scale hybrid eSTOL technology demonstrator aircraft later this year. "Electra's technical approach to sustainable aviation is differentiated, and we are excited to see this concept...

Transition towards net-zero sustainable fuels - LanzaJet partners Microsoft Climate Innovation Fund

LanzaJet has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investment to support the construction of LanzaJet’s (and the world’s) first alcohol-to-jet sustainable aviation fuel (SAF) production plant. The innovative structure of Microsoft’s financi...

Jet Edge International received further investment from KKR

Jet Edge International has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately $265 million over the past year. Following the initial $150 million credit facility announced in June 2021, KKR has continued investing in Jet Edge amidst historic dema...

CDB Aviation completed deliveries of 15 new Boeing aircraft to United

CDB Aviation announced the completion of deliveries of a fleet of fifteen new Boeing aircraft to U.S.-based United Airlines Holdings, Inc. The sale and leaseback transaction covered a fleet of two 787-9 Dreamliners and thirteen 737 MAX 8 aircraft, which were delivered between 2020 and 2021. “We want to thank members of both the United and CDB Aviation teams who collaborated on struc...

Austrian Airlines: loan installments of 60 million euros repaid in 2021

After the early repayment of the first loan installment of 30 million euros in July 2021, Austrian Airlines repays another 30 million euros on 31 December 2021. By the end of 2021 the national carrier has repaid the first 60 million euros of the state-guaranteed loan with a total of 300 million. Despite the ongoing pandemic, the red-white-red airline is fulfilling its responsibility and meets the...

Philippine Airlines emerges from Chapter 11 reinvigorated for the future

Philippine Airlines Inc. has emerged from its voluntary Chapter 11 proceedings as a more efficient airline with a strengthened balance sheet, reaffirming its continuing role as the Philippines’ sole full-service airline with the largest international network. PAL successfully completed its financial restructuring within four months, in contrast to other airlines that remain in the Chapter 11...

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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...