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Budget boost brings brand new LifeFlight base to Sunshine Coast

French government provides a €5.6 million grant as additional funding for VoltAero Cassio electric-hybrid aircraft

VoltAero funding for the development of its Cassio 330 electric-hybrid aircraft has further increased with a €5.6 million grant from the French government via BPI France. The financing was made available through the “France 2030” investment plan, which was established by t...

Kawasaki became strategic investor in Series B funding for Cassio electric-hybrid aircraft family

Kawasaki Motors became VoltAero strategic investor, joining Series B funding for the development, production and certification of VoltAero Cassio electric-hybrid aircraft family.This investment marks Cassio program latest milestone, uniting VoltAero and Kawasaki in a shared...

Embraer and Azorra seal deal with Royal Jordanian Airlines for eight new E2 jets

Embraer and Azorra announced a new eight aircraft deal with Royal Jordanian Airlines. The agreement will see the introduction of both the E190-E2 and E195-E2 to the airline’s fleet. Aircraft deliveries are expected to begin in Q4 2023. The agreement covers eight commercial aircraft, four E190-E2 and four E195-E2, with a list price value of $635M. Six aircraft, four E190-E2 and two E195-...

CDB Aviation delivered China first A330 P2F on lease to Sichuan Airlines

CDB Aviation re-delivered China first-ever converted Airbus A330-300 Passenger to Freighter aircraft on lease to its customer, Sichuan Airlines. The A330 was converted by Elbe Flugzeugwerke GmbH with Shanghai Technologies Aerospace Company Limited ("STARCO") at its facilities in Shanghai Pudong, concluding EFW’s first-ever A330 P2F conversion to have taken...

airBaltic records the best result of Q1 in its history

airBaltic has started year 2023 with positive key business indicators. airBaltic has achieved EUR 105.1 million revenue, which is by 75% more than in 2022, as well as the highest ever recorded revenue in the first quarter of a year in the airline’s history. Notably, the number of carried passengers soared by 77%, compared to the first quarter of 2022. The load factor reached 7...

EIB provides €40 million for Wingcopter to scale up electric delivery drones and logistics services

The European Investment Bank will provide a €40 million quasi-equity investment into Wingcopter GmbH. Founded in 2017 in the German state of Hesse, Wingcopter’s electrically powered unmanned aircraft are already delivering goods as part of several small-scale commercial and humanitarian projects. For example, in Malawi, a joint project with UNICEF and Gesellschaft für Internat...

CDB Aviation releases inaugural Sustainability Report

CDB Aviation released its inaugural sustainability report, entitled 'Rising to the Challenge'. In 2022, CDB Aviation formed a Sustainability Working Group, which was tasked with developing a comprehensive new sustainability strategy, bringing together the lessor’s activities across the areas of Environmental, Social and Governance and defining clear actions the company...

CDB Aviation delivers first of two A321NX aircraft to Volaris

CDB Aviation announced the delivery of the first of two A321neo aircraft fitted with Airbus’ Cabin Flex (“A321NX”) to its long-standing customer, Volaris. The delivery is part of the lease agreements signed with the airline in 2021, which forms part of the 13 total number of CDB Aviation aircraft on lease to Volaris. The carrier is expected to take delivery of the second A32...

A flying start: ACC Aviation continues Q4's momentum with a solid Q1, 2023

A combination of YOY boosts to charter flight volumes and group revenue, coupled with an already busy schedule of summer leases and increased consulting activity, sees a solid start to the year across the board for ACC Aviation. Last year was make or break for many in the aviation business - with aircraft and staffing capacity issues meeting renewed travel demand. At the same t...

Lilium announced capital raise for up to $250 Million, with $100 Million funded at close

Lilium announced a capital raise for up to $250 million, with $100 million funded at close. A Form 6-K has been filed by the Company with the Securities and Exchange Commission on May 1, 2023.  This capital raise enables Lilium to continue the development of its Lilium Jet at full pace and would cover most of the estimated capital required to achieve first manned flight of the type-conforming...

Leasing programs for electric aircraft - Vmo Aircraft Leasing and H55

Vmo Aircraft Leasing and H55 announced their commitment to working together to develop leasing solutions for new clean aviation products. As part of the envisaged collaboration, teams from both companies are engaged in providing leasing programs targeted to support the nascent market for financing electric aircraft, battery storage energy and management systems.   Vmo a...

Accelerating transition to Zero-emissions flight - new UK green aircraft business formed

Britten-Norman and Cranfield Aerospace Solutions have signed a Heads of Terms agreement, signaling their intention to merge and to create the world’s first fully integrated, zero-emissions sub regional aircraft for entry into service in 2026. The merger is due to complete in mid-2023, subject to final due diligence. In a funding round led by HydrogenOne, a consortium of CAeS i...

Rex announces investment in Dovetail Electric Aviation

Regional Express had taken a 20 per cent stake in Dovetail Electric Aviation (Dovetail) which is pioneering the conversion of turbine powered aircraft to electric, emission-free propulsion. The equity participation agreement formalises the strategic partnership between Rex and Dovetail and builds on the Memorandum of Understanding between the two companies which was unveiled on 21 J...

Ascendance Flight Technologies raises €21 million for further development & industrialization of its sustainable solutions

Ascendance Flight Technologies has raised €21 million. French Tech Souveraineté, operated by Bpifrance as part of the France 2030 plan, CELAD, Expansion Aerospace Ventures, SC Mahé, Adrien Montfort (CTO Sorare) via Snaw Ventures, and ARIS Occitanie have contributed to this funding round alongside historic investors Habert Dassault Finance, Céleste Management, IRDI, and M-Capital,...

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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...