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Archer closing oversubscribed PIPE as part of $215M investment round led by Stellantis

FAA issues Archer certificate to begin flying Midnight; on track to complete first ever eVTOL customer delivery

Archer Midnight aircraft received its Special Airworthiness Certificate from the FAA.This certification signals that Archer’s Midnight aircraft has successfully met all FAA safety requirements allowing it to begin flight test operations, which Archer expects to commence in the coming weeks.&nb...

Rcapital acquires Bromford Group’s Leicester-based engineering business to secure 81 jobs

Private investor, Rcapital, completed the acquisition of the Leicester-based aerospace and power generation business of Bromford Group. Bromford Group was placed into administration in March and has continued trading while a buyer has been sought. Chris Pole and Ryan Grant of Interpath Advisory...

Landmark investment in eVTOL - Archer and U.S. Air Force enter into contracts worth up to $142 million

Archer Aviation has significantly expanded its partnership with the DoD by signing new contracts with the U.S. Air Force with a total value of up to $142 million. This new execution phase of the partnership includes the delivery of up to six of Archer’s Midnight aircraft to the Air Force, the sharing of additional flight test data and certification related test reports, pilot training, and t...

Accelerating sustainable aviation - climate tech fund Statkraft Ventures invests in Electra

Statkraft Ventures announced its investment in Electra.aero. The investment will enable Electra to further develop its hybrid-electric ultra-short eSTOL aircraft, reinforcing Statkraft Ventures’ commitment to advancing sustainable transportation and decarbonization efforts by investing in emerging technologies that reduce emissions. This investment leverages Statkraft Ventures'...

Lilium successfully arranges $192 M capital raise supported by leading German technology investors

Lilium has successfully arranged a capital raise for a total amount of $192 million. Participants in the upsized round included leading German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners and Frank Thelen, multiple institutional investors led by B. Riley Securities and e-mobility investor E-vestment B.V. Several Lilium Board members and senior executives also...

EHang announces US$23 million private placement led by South Korean strategic investor Lee Soo Man

EHang has entered into share subscription agreements for a total of US$23,000,000 private placement with several strategic investors led by Mr. Lee Soo Man, a renowned South Korean music producer, entrepreneur, and the founder of K-pop and SM Entertainment, a South Korean leading multinational entertainment company listed in KOSDAQ. The Company will receive a deposit of 80% of the aggreg...

LCI delivers trio of EMS helicopters to Italian Alidaunia

LCI has delivered three Leonardo AW169 helicopters on long-term lease to the Italian operator, Alidaunia. The aircraft were all delivered new from Leonardo and are valued at over US$30 million.  They form part of the LCI and SMFL joint venture (JV) fleet, which now totals 57 aircraft valued at approximately US$600 million. The AW169s have entered service with Alidaunia over the past...

Joby welcomes $100 million investment expanding partnership with SK Telecom

Joby Aviation announced that SK Telecom is making an equity investment of $100 million in Joby, as part of an expanded partnership between the two companies. The agreement, executed on 27 June, paves the way for Joby to participate alongside SKT in Korea’s “K-UAM Grand Challenge.” The Challenge is a phased demonstration program, led by the Korean Ministry of Land, Infra...

IBA forecasts positive outlook for helicopter market

IBA outlined a largely positive outlook for the helicopter market. IBA expert panel signposted a number of key positive factors for the market including expected continued growth in helicopter leasing, the easing of supply chain issues, growth opportunities in sectors such as EMS, offshore and wind farms, and the successful introduction and growth of the super medium helicopter...

CDB Aviation signs lease agreements with Turkish Airlines for six 737 MAX 8 aircraft

CDB Aviation signed lease agreements for a series of six Boeing 737 MAX 8 aircraft to its current customer, Turkish Airlines. All six aircraft are part of the lessor's existing orderbook with Boeing. They will be powered by CFM International Leap-1B engines and built with the AnadolouJet-specific configuration, which is a subsidiary of Turkish Airlines. Deliveries are set to tak...

LCI delivers first ever dedicated offshore wind helicopters to USA

LCI has begun to deliver the first dedicated offshore wind helicopters in the United States of America.  They will be leased under long-term arrangements to HeliService USA and support a new era of sustainable energy supply in the country. They will be operated by HeliService USA in support of Ørsted and General Electric contracts based in Quonset, RI, and Mart...

70 million investment in Mirabel - Avianor announces construction of a center of excellence for A220 aircraft

Avianor announces the official launch of the construction of its Center of Excellence for A220 aircraft at Montreal-Mirabel International Airport (YMX). Scheduled to open in autumn 2024, the Center of Excellence represents an investment of over $70 million in state-of-the-art infrastructure, digitization and equipment, including $9 million in government assistance from the Ministè...

Airbus Ventures invests in Venus Aerospace

Airbus Ventures announces its investment in Venus Aerospace, a Houston-based hypersonic startup enabling cost-effective one-hour global transport. Joining Venus’ team of investors, Airbus Ventures will support the team in their next phase of flight-redefining growth.Venus has been awarded contracts with NASA and US Defense Agencies to accelerate the development and transition of its RDRE tec...

Return to Growth - Avolon forecasts global passenger fleet to almost double by 2042

Avolon published its World Fleet Forecast – Return to Growth – projecting trends in the commercial passenger aviation fleet out to 2042. It forecasts the fleet will almost double by 2042, growing 94% to 46,880 aircraft, underpinned by sustained growth in demand for air travel, building on the rapid recovery experienced since the pandemic. Avolon estimates...

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Essential news

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

iOS Apps development in Riga, Latvia

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MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...