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airBaltic Q1 revenue up by 26%, reaching EUR 132 million

Embraer plans to invest USD$390 million and create another 900 direct jobs this year in Brazil

Embraer announced its plan to invest approximately USD$390 million and hire 900 additional employees in the current year. The announcement was made during the visit of the President of Brazil, Luiz Inácio Lula da Silva, to the company's headquarters in São José dos Campos. T...

AURA AERO AERO Friedrichshafen - aircraft financing solutions & orders for electric two-seater INTEGRAL E

AERO Friedrichshafen 2024 was a success aor AURA AERO. Together with and Societe Generale Equipment Finance company announced a cooperation in the field of aircraft financing. In order to facilitate access to the INTEGRAL family, AURA AERO brand new two-seater aircraft desig...

Skyports raises in excess of $110M in Series C round led by new investment from ACS

Skyports announced that ACS Group has made a substantial equity investment in Skyports, to become the largest investor in the company. ACS Group, which in 2023 generated revenue of $39 billion, has invested via its wholly owned infrastructure development/concessions business IRIDIUM, focused on sustainable and innovative transportation solutions. The capital will support key develop...

Natilus and MONTE partners to offer leasing of Kona regional blended-wing-body aircraft

Natilus announced a strategic partnership with MONTE Aircraft Leasing. MONTE will provide leasing and financing options for the Kona aircraft to Natilus customers, making the path towards sustainable aviation more attainable. This collaboration between Natilus and MONTE will accelerate the adoption of eco-friendly air transportation solutions while meeting the increasing demand for effic...

TCab Tech closes Series A financing with additional 20 million USD

TCab Tech announces it has raised an additional 20 million USD in its Series A financing. The exclusive investment comes from a strategic investment fund which plans to introduce the air-taxi application in the Middle East region. TCab passenger-carrying E20 eVTOL is a tilt-rotor configuration, a 5-seater (1pilot+4pax) equipped with six rotors, four tilt and two lift rotor...

Abelo expands fleet with acquisition of four ATR72-600 aircraft and welcomes IndiGo as a new partner

Abelo announced the acquisition of four ATR72-600 aircraft through SKY Leasing. This strategic transaction expands Abelo’s portfolio to a total of 57 owned and managed aircraft. All four aircraft are currently on lease to India low-cost carrier, IndiGo.This new partnership with IndiGo is a key part of Abelo's strategic expansion, emphasising our commitment to enhancing regional...

Britten Norman secures new investment

Britten Norman has secured new investment from a group of investors led by 4D Capital Partners LLP (“4D”), a Private Equity firm that focuses on operational improvement and business transformation. The new investors are making funds available to Britten-Norman to fund working capital and to drive successful long-term growth. Britten-Norman Chief Executive, William Hynett OBE, commen...

Rolls-Royce announces investment in large engine assembly, test and shop visit capacity

Rolls-Royce is investing in its assembly, test and shop visit capacity in the UK and Germany to address growing long-term demand for new civil large engines and improve customer aftermarket support services for its global Trent fleet. As outlined at last year’ Capital Markets Day, Rolls-Royce expects an annual increase of 7 - 9% of Rolls-Royce powered aircraft in service for the re...

GE Aerospace to invest over $650M in manufacturing facilities, supply chain in 2024

GE Aerospace announced plans to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers. H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace, commented: “As GE Aerospace prepares to become a standalone company this spring, we are making signi...

Airbus Helicopters and SKYCO Leasing sign for six H175 helicopters

Airbus Helicopters and SKYCO International Financial Leasing, a state-owned enterprise belonging to China's Guangdong Province, have signed a contract for six H175 helicopters. Entrusted by the Guangdong Provincial Government, SKYCO Leasing is in charge of leading the aviation industry development in the province. The versatile H175 helicopters acquired by SKYCO Leasing will be deplo...

Pipistrel Velis Electro serial number 100 enters service

Pipistrel announced completed production of its 100th Velis Electro, world’s first type-certified electric aircraft, marking a significant milestone.Velis Electro serial number 100 has been delivered to valued customer Green Aerolease, French sustainable aircraft rental business with ambitions to accelerate the environmental transition of the aviation industry across Euro...

Elixir Aircraft closes financing for the next 5 years with a budget of 40 Millions euros

Elixir Aircraft has finalized its capital financing of 40 million euros over the next five years. The financing was completed by raising funds from several investors, including Innovacom, Bpifrance and the Nouvelle-Aquitaine Region. These funds will be allocated to the construction of a new factory in La Rochelle, as well as to the recruitment of personnel to expedite delivery rates. The airc...

Financial year 2023 a superlative one for Pilatus Aircraft

The 2023 financial year was marked by major successes for Pilatus. Thanks to high, unbroken demand, 148 aircraft were delivered despite the ongoing challenges of the operating environment. With total sales of 1.478 billion Swiss francs, operating income of 240 million Swiss francs and new orders worth 1.513 billion Swiss francs, Pilatus closed the past year with record results. Hansueli Loosli,...

Safran invests in Avnos, at the forefront of innovation in CO2 capture

Safran, through Safran Corporate Ventures, has invested in Avnos Inc., a California-based startup specializing in CO2 capture from ambient air in a process called Direct Air Capture. The other investors in this funding round are NextEra Energy Resources, LLC, Shell Ventures, ConocoPhillips, Jet Blue Ventures, Envisioning Partners and Rusheen Capital Management. Direct Air Capture is a vi...

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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...