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Flexjet to become a public company via business combination with Horizon Acquisition Corporation II

Pilatus acquires American sales and service centre Skytech Inc.

Founded in 1976, Skytech Inc. is a specialist service provider and aircraft vendor with two locations in the US states of Maryland and South Carolina. As part of an upcoming succession plan, Pilatus has decided to take over Skytech, and the entire workforce of 120 or so will continue to be employed...

Embraer invests in XMobots, a reference company in the development of mobile robotics and drones

Embraer signed of an investment agreement to acquire a minority shareholding in XMobots, the largest drone company in Latin America with operations in São Carlos, in the countryside of São Paulo. The deal aims to accelerate the future of the medium and large autonomous drone...

CDB Aviation completed deliveries of Ten A320-200 aircraft to Indonesia Super Air Jet

CDB Aviation delivered the last of ten Airbus A320-200 aircraft to Indonesia’s newest low-cost airline, Super Air Jet (“SAJ”). The aircraft were delivered to the carrier over a period of 18 months and are meant to support the development of Super Air Jet as a leading airline supporting the growth of domestic traffic in fast growing Indonesia as the region’s m...

CHC Helicopter completes $500,000,000 recapitalization

CHC Group LLC announce a comprehensive recapitalization transaction to significantly reduce its funded debt obligations by up to $500 million subject to regulatory approvals. As part of the recapitalization, a substantial portion of CHC’s existing debt and equity holders agreed to provide over $100 million in new money and liquidity enhancing commitments, consisting of $60 million in an init...

Aero secures $65M in Series B financing to accelerate the future of premium air travel

Aero Technologies announced a $65M capital raise, $50M in Series B funding and $15M in convertible notes, for a total post-money valuation of $300M. The funding round was co-led by AlbaCore Capital Group, one of Europe’s leading alternative investment firms, and returning investors Expa and Keyframe Capital, with new investment from Capital One Ventures. Inspired by the golden age of...

Jet Token secures $40mm commitment for post IPO funding

Jet Token Inc. announced it has entered into a $40 million investment commitment from GEM Global Yield LLC SCS, the $3.4 Billion, Luxembourg based, private alternative investment group with offices in Paris, Nassau, New York, and Los Angeles. Under the share subscription facility, Jet Token Inc. will have the right to periodically sell to GEM up to $40 million of common stock during a 36-mont...

Kickstart the decarbonisation of aviation - SDF & Motus Ventures investment in Cranfield Aerospace Solutions

Cranfield Aerospace Solutions has secured investment from the Strategic Development Fund, the investment arm of the Tawazun Economic Council of the UAE, and Motus Ventures, taking the current investment round to £14.4million. CAeS is a pioneer in aerospace design and the manufacture of new aircraft design concepts, complex modifications to existing aircraft and integration of cutting-edge...

Archer received $10 million pre-delivery payment from United Airlines for 100 eVTOL aircraft

Archer Aviation has received a $10 million pre-delivery payment from United Airlines for 100 of the company’s initial production eVTOL aircraft. The payment represents a watershed moment for the eVTOL industry, validating confidence in the commercialization of eVTOL aircraft and Archer’s leadership. United is making the deposit on 100 of Archer’s production aircraft which it agre...

Sevenair Group announces the closing of 2021 fiscal year with substantial growth

Sevenair Group announced oficial financial results of 2021 which registered an increase of 37% of revenue and an EBITDA increase of 263%. “2021 was a year where all industries were still much affected by the pandemic and in particular the aviation industry and considering that is with a lot of pride that we see these results. They are fruit of the coninuous efforts of all that integr...

Horizon Aircraft & Astro Aerospace - binding agreement for reprivatization

Horizon Aircraft Inc. has entered into a binding agreement with its parent company, Astro Aerospace Ltd and several of Astro’s key shareholders whereby Astro has agreed to sell 100% of the equity of Horizon to the Purchasers in exchange for certain Astro public securities and a fraction of the ownership of the newly privatized Horizon. Brandon Robinson, CEO of Horizon Aircraft,...

Agility completes £763 Million acquisition of Menzies Aviation, creating world largest aviation services provider

 Agility has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services business to create a world leader in aviation services in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by number of countries a...

American Airlines announced investment in hydrogen-electric engine developer ZeroAvia

American Airlines announced its investment inZeroAvia. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. The engines are intended to power regional jet aircraft with zero emissions. Derek Kerr, American’s Chief Financial Officer, commented: &...

ST Engineering joins list of Skyports investors with USD 3.13M in final close of Series B

Skyports has completed the final close of its Series B capital raise with fresh investment from ST Engineering through its Corporate Venture Capital unit, ST Engineering Ventures. ST Engineering, which has over 45 years of experience in the aerospace industry, will join as the final investor in Skyports’ Series B funding round, following the first close in March this year. The...

Etihad Cargo posts record mid-year revenue

Etihad Cargo announced record-breaking results for the first half of 2022, achieving year-on-year revenue growth of 6 per cent compared to H1 2021 and contributing 35 per cent of Etihad Aviation Group's operating revenue. In addition to recording an increase in overall revenue, Etihad Cargo maintained a strong Delivered as Promised rate of 86 per cent, a 2 per cent increase compared...

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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...

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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...