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Green Aerolease expands its electric aircraft rental offer with new-generation thermal aircraft

Visionary eVTOL influencers seek joint venture partner for wingless personal aircraft using NASA-proven propulsion

The planned joint-venture in Urban Air Mobility space will complete current development work on the Epiphany Transporter, which has recently achieved crucial preliminary design review, then certify the aircraft under the FAA's new and friendlier Light Sport Aircraft category. In l...

AVOLON: lessor orderbooks to be in high demand

The value of new aircraft deliveries is expected to rise by over 15% to c.US$100 billion in 2024, according to a paper published today by Avolon, a leading global aviation finance company. The delivery of over 1,450 new large commercial aircraft will help drive airlines’ passenger revenues up...

flyExclusive announced $25 million strategic investment from ETG FE

flyExclusive announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global. As part of its strategic initiatives to accelerate operational excellence, grow the business, and execute its strategic plan to become the nation’s first fully vertically integrated private aviation company, flyExclus...

Strong leasing activity underpinned by airlines' demand for aircraft and capital

Avolonissues an update for the fourth quarter and 2023 full year. Andy Cronin, CEO Avolon, commented: “Strengthening market conditions allowed us to place our orderbook and used aircraft at accretive lease rates while underwriting US$4bn of new volume through the sale and leaseback market. Our balance sheet scale allowed us to order a further 200 new technology aircraft w...

PIF invests in Saudia Technic to establish MRO facility

The Public Investment Fund (PIF) agreed to invest in Saudia Technic, a subsidiary of Saudia Group. Formerly known as Saudia Aerospace Engineering Industries, Saudia Technic has a long-established presence and rich legacy in Saudi Arabia, tracing its roots back to the 1960s. It provides services across key aviation maintenance, repair and overhaul segments, including line, base, component...

flyExclusive and EG Acquisition Corporation announced closing of business combination

flyExclusive and EG Acquisition Corp. announced the completion of their previously announced business combination. Upon the completion of the business combination, the combined company has been renamed flyExclusive, Inc. Beginning on December 28, 2023, the Company’s common stock are expected to begin trading on the NYSE American under the new ticker symbol “FLYX”. The b...

Eve Air Mobility receives ESG financing guarantee from Bradesco Bank in long-term funding

Bradesco Bank has concluded with Eve Mobilidade Aérea Urbana, a subsidiary of Eve first ESG financing guarantee operation aligned with the Green Loans Principles, which follows a set of guidelines for structuring loan operations for sustainable purposes. Eve is developing solutions for the global Urban Air Mobility ecosystem, including eVTOL aircraft. The total amount guarant...

Boeing and Avolon agreed on new order for 40 737 MAX jets

Avolon intends to purchase 40 more Boeing 737-8 airplanes to expand the lessor's 737 MAX portfolio – consisting of 737-8 and 737-10 variants – to more than 110 jets. Avolon also ordered 40 737-8s in June. The 737 MAX provides Avolon's customers with greater flexibility across their network, while reducing fuel use and emissions by up to 20%. On average each...

Avolon orders a further 100 A321neo aircraft

Avolon signed a firm order for 100 A321neo aircraft, taking its total order for the A321neo to 190 aircraft. The agreement secures Avolon's delivery pipeline for the world’s preferred single aisle Family. With this latest agreement, Avolon’ total firm order-tally directly from Airbus rises to 632 aircraft, and includes A320, A330 and A350 Families. In September, Avol...

NAC collaborates with ATR & TotalEnergies to offer the equivalent of 6% SAF on NAC’s ATR delivery flights

The initiative provides for a blend of 30% Sustainable Aviation Fuel to be used for one out of five deliveries of new ATR aircraft to NAC, resulting in four tonnes of CO2 saved for every batch of five aircraft. This is equivalent to a 6% SAF blend on the first leg of each ferry flight from 2023 onwards. AirSwift is the first airline to benefit from the programme, with a ne...

ZeroAvia announces completion of $116m Series C funding round

ZeroAvia has completed its Series C funding round at a total of $116m. The UK Infrastructure Bank joins the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund as announced in September, with the Series C round set to accelerate the company’s journey to certification of its first engines and advance R&am...

Lufthansa Cargo invests €500 million in new Frankfurt Airport Hub

Lufthansa Cargo is pressing ahead with modernizing the Frankfurt hub: In August 2023, construction work began on the new, 40-meter-high tall high-bay warehouse, including the automated transport system and the first building modules in the north of Frankfurt Airport. In addition to the new building, the existing buildings and warehouses of the Lufthansa Cargo Center are to be upgraded and moderniz...

Strategic Development Fund and Dronamics to create manufacturing joint venture for Black Swan Cargo Drone

UAE’ Strategic Development Fund and Dronamics signed a term sheet to set-up a joint venture to produce the Black Swan cargo drones to fulfill the global demand and requirements for Dronamics’ international and local customers. The JV will constitute the first serial production plant for the Dronamics Black Swan aircraft. In late 2022, SDF through its Venture Capital...

Abelo signs deal for up to 20 ATR 72-600

Abelo and ATR signed a Heads of Agreement for a firm order of 10 ATR 72-600, along with options for an additional 10. This deal underscores Abelo’ continued commitment to embracing the latest in cutting-edge turboprop technology. Notably, in July 2022, Abelo had placed an order for 10 ATR 72-600 and confirmed a deal for 10 ATR 42-600S– Short Tak...

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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...