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Investors respond with enthusiasm to CubCrafters anticipated public offering

AeroVanti Air Club announces $9.75M funding round

AeroVanti Air club has engaged Network1 Financial Securities Inc. to raise up to $9.75 million in a Series A fundraising round. The company believes this capital infusion will position the charter aviation club, which has experienced 20X growth since launching in June 2021, to continue to...

Universal Hydrogen and Avmax announce firm order for hydrogen conversion and fuel services for 20 regional aircraft

Universal Hydrogen announced that Avmax Aircraft Leasing placed a firm order to convert 20 regional aircraft to run on green hydrogen. Within this order, Avmax has the flexibility to select between Universal Hydrogen’s ATR 72-600 and Dash 8-300 conversion kits. Further, Universa...

CDB Aviation executes sale and leaseback transaction with Jazeera Airways

CDB Aviation signed a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways. The two neos will be configured with 174 economy class seats. The airline is expected to take delivery of the aircraft in September 2022. “We’re thrilled to welcome a new customer in a new jurisdiction for our comp...

VAH announces new seven aircraft purchase agreement of ~ $300 Million

Voyager Aviation Holdings signed a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines. The assets include two Airbus A321-200s, two Boeing 737-800s, two Airbus A320-200 and one Boeing 787-8. The average age is ~8 years with an average remaining lease term...

CDB Aviation leases two A320neo aircraft to Aer Lingus

CDB Aviation has agreed to lease two Airbus A320neo aircraft to the Irish flag carrier, Aer Lingus, for delivery during this summer season. The transaction marks the introduction of the first A320neo variant in the airline’s growing fleet. The aircraft, which are fitted with 186 seats in an all-economy layout, will be delivered to Aer Lingus in July 2022 and will become part of the...

Wingcopter scores $42M, bringing on board new strategic investors to expand beyond medical drone deliveries

Wingcopter has raised $42 million from renowned financial and strategic investors. The new funding is part of a Series A extension round, tripling the company’s total equity raise to more than $60 million to date. Leading German retailer REWE Group as well as German investors Salvia and XAI technologies came on board as new shareholders. They were joined by Japanese conglomerate ITOCHU and p...

Qatar Airways Group announced record profit in its 25 year history of US$ 1.54 Billion

Qatar Airways Group celebrates its milestone 25th Anniversary year of operation with its strongest financial performance reflected in its published annual report for 2021/22, 200 per cent above its highest annual historical profit.  In the most difficult period ever in the global airline industry, the airline credits its positive results to its agility and successful strategy which conti...

Overair receives $145 million investment from Hanwha Group to develop all-electric VTOL aircraft

Overair, announced its most recent funding of $145 million from Hanwha Systems and Hanwha Aerospace, global leaders in ultra-precision communications and aircraft technologies. With this new investment, Overair remains on track to fly its all-electric experimental prototype in the second half of 2023. Hanwha continued investment in Overair not only fuels the ongoing development...

Electra acquires Airflow to create a leader in Advanced Air Mobility

Electra.aero has acquired California-based Airflow.aero Inc. The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM) market.Both Electra and Airflow have been building blown-lift, ultra-short takeoff and landing aircraft to serve new air mobility markets that favor the operating flexibility of a helicopt...

Zero-emission aircraft leasing - ZeroAvia & MONTE to jointly market hydrogen-electric aircraft to regional operators

ZeoAvia has signed an agreement with MONTE Aircraft Leasing, partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft. MONTE and ZeroAvia aim to retrofit the aircraft for c...

BRV China-backed eVTOL start-up Zerog closes nearly RMB10 Million seed round

Zerog, a Chinese eVTOL aircraft developer, recently completed a nearly RMB10 million (USD1.48 million) seed round with BlueRun Ventures China as the sole investor. The financing closes as the Nanjing-based start-up unveils ZG-ONE, its pioneering eVTOL aircraft product for low-altitude tourism. The Zerog is the only publicly known eVTOL firm in China that is...

Surf Air Mobility signs definitive $1.42 Billion merger agreement with Southern Airways Corporation

Surf Air Mobility has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company of one of America’s largest commuter airlines. Southern Airways serves 39 cities across the Mid-Atlantic, Gulf South, Rocky Mountains, West Coast, New England, Hawaii, and soon the Far Pacific. T...

REGENT announced a strategic investment from Hawaiian Airlines

REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the Monarch. With this investment, Hawaiian Airlines becomes REGENT’s first U.S.-based design partner for the Monarch, which is slated for entry into commercial service by 2028. “Innovative...

flydubai records exceptional performance in the Q1 of 2022 and prepares for a busy summer

flydubai has recorded an exceptional performance in the First Quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capacity on its existing routes have been supported by new aircraft deliveries since the start of the year. Ghaith Al Ghaith, Chief Executive Officer at flydubai, commented: “Dubai has demonstrat...

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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...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...