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CDB Aviation delivers second A320neo to Colorful Guizhou Airlines

ACIA Aero Leasing places ATR72-500 Bulk Freighter with Canada’s KF Aerospace

ACIA Aero Leasing announced the sale and delivery of an ATR 72-500 Bulk Freighter (MSN736) to Canadian aerospace and defence company, KF Aerospace. The aircraft will be introduced into KF’s operational fleet as early as April 2025 as part of a renewed contract with Purolator to transport...

Vertical Aerospace announced closing of upsized $90M underwritten public offering

Vertical Aerospace announces the closing of its previously announced underwritten public offering for total gross proceeds of $90 million, before deducting underwriting discounts and commissions and other offering expenses. The amount raised was increased from an initial launch target of $75 mi...

KlasJet strengthens partnership with Sun D’or by EL AL Group leasing fourth aircraft

KlasJet has further strengthened its strategic partnership with Sun D’or by EL AL Group. The collaboration continues with KlasJet leasing a fourth Boeing 737-800 aircraft. Set for the period of December 28, 2024, to March 31, 2025, the lease is a direct response to heightened travel demand during the winter months. KlasJet and Sun D’or by EL AL Group first partnered in May 2024 to...

Abelo expands fleet and converts ATR 42 STOL order

ATR and Abelo have strengthened their partnership with significant fleet updates. Abelo has converted its initial order for 10 ATR 42 Short Take-Off and Landing aircraft into a mix of five ATR 42-600 and five ATR 72-600. Additionally, Abelo has expanded its fleet by firming up orders for three ATR 72-600. This strategic decision, finalised in late 2024, underline...

Avolon and Air New Zealand agree clean tech aircraft partnership

Avolon and Air New Zealand have agreed a memorandum of understanding to partner on research to support the commercialisation of electric aircraft, and other novel propulsion technologies including battery hybrid and hydrogen. The agreement alsoincludes the signing a letter of intent for the sale and leaseback of a BETA Alia CX300 electric cargo aircraft. The conventional take-off and landi...

DAE signs definitive agreement to acquire Nordic Aviation Capital

Dubai Aerospace Enterprise announced the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group of companies, an aircraft leasing company formed over 30 years ago. Terms of the transaction were not disclosed. As of September 2024, NAC’s fleet comprised of 252 owned and committed assets on lease to approximately 60 airline customers in approximately 40 cou...

Vertical Aerospace finalises investment agreement

Vertical Aerospace has entered into definitive documents and received shareholder approval for a transaction that includes up to $50 million in new committed funding. This announcement marks the significant advancement of the agreement in principle, announced in November, aimed at strengthening Vertical’s balance sheet by approximately $180 million and accelerating the Company&rsqu...

Lilium achieves breakthrough in investor search

Lilium announced the signing of an asset purchase agreement with Mobile Uplift Corporation, a company set up by an experienced consortium of investors from Europe and North America. Mobile Uplift Corporation intends to acquire the operating assets of the Subsidiaries Lilium and Lilium eAircraft. Subject to the satisfaction of certain conditions precedent, Lilium expects that the Agr...

Horizon Aircraft secures $8.4 million strategic investment

Horizon Aircraft has received an investment from a strategic investor and aerospace supporter, for aggregate proceeds of $8.4 million. The strategic financing will fortify Horizon Aircraft’s balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7. Brandon...

Archer partnership with Anduril to develop hybrid VTOL military aircraft; raises an additional $430M

Anduril and Archer announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for critical defense applications targeting a potential program of record from the DOD. With Archer’s ability to rapidly develop advanced VTOL aircraft using existing commercial parts and supply chains and Anduril's deep expertise in artificial intelligence, missionization, and syst...

Lufthansa Technik invests millions in new location in Portugal

The construction of a new facility roughly 35 kilometers south of Porto will further expand Lufthansa Technik's capacities for the repair of engine parts and aircraft components in line with the company's strategy. The future plant of Lufthansa Technik Portugal is expected to be completed by the end of 2027 and will be equipped with the latest technologies in the MRO industry. The com...

Advanced Air Mobility sector universally seen as attractive market for investment

AAM market is growing rapidly, as is the regulatory framework for the sector, and as a result of this, all of the fund managers interviewed agree that the AAM sector is becoming an increasingly more attractive market to invest in. The finding comes from new global research from New Horizon Aircraft, doing business as Horizon Aircraft, the advanced aerospace engineering company...

Eve announces additional US$35 Million from BNDES Line to support eVTOL development in 2025

Eve Air Mobility announced a US$35 million* fund from Brazil’s National Development Bank, further solidifying its financial position for continued eVTOL development. This second-phase funding follows a US$92.5 million line of credit secured in 2022 for R&D and a recent US$50 million investment from Citibank, both dedicated to supporting Eve's eVTOL development program. This...

CDB Aviation sells two A330-200s to National Airlines

CDB Aviation announced the completion of a sale transaction for two Airbus A330-200 aircraft with National Airlines.Florida-based cargo and passenger charter services operator took delivery of the Rolls-Royce Trent 700 engine-powered versions of the aircraft in July and November 2024 and plans to deploy the two widebodies to provide charter transportation services. CDB Aviation Chief Execu...

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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...