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Transition towards net-zero sustainable fuels - LanzaJet partners Microsoft Climate Innovation Fund

Jet Edge International received further investment from KKR

Jet Edge International has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately $265 million over the past year. Following the initial $150 million credi...

CDB Aviation completed deliveries of 15 new Boeing aircraft to United

CDB Aviation announced the completion of deliveries of a fleet of fifteen new Boeing aircraft to U.S.-based United Airlines Holdings, Inc. The sale and leaseback transaction covered a fleet of two 787-9 Dreamliners and thirteen 737 MAX 8 aircraft, which were delivered between 2020 and 2021. ...

Austrian Airlines: loan installments of 60 million euros repaid in 2021

After the early repayment of the first loan installment of 30 million euros in July 2021, Austrian Airlines repays another 30 million euros on 31 December 2021. By the end of 2021 the national carrier has repaid the first 60 million euros of the state-guaranteed loan with a total of 300 million. Despite the ongoing pandemic, the red-white-red airline is fulfilling its responsibility and meets the...

Philippine Airlines emerges from Chapter 11 reinvigorated for the future

Philippine Airlines Inc. has emerged from its voluntary Chapter 11 proceedings as a more efficient airline with a strengthened balance sheet, reaffirming its continuing role as the Philippines’ sole full-service airline with the largest international network. PAL successfully completed its financial restructuring within four months, in contrast to other airlines that remain in the Chapter 11...

European Commission approved airBaltic equity increase of 45 Million Euro

The European Commission on December 21, 2021, under EU State aid rules, has approved a part of the Latvian government's investment of €45 million into the equity of the Latvian airline airBaltic to compensate the losses caused by the ongoing Covid-19 pandemic and to support overcoming the economic crisis. Martin Gauss, Chief Executive Officer of airBaltic: “Th...

CDB Aviation delivers first of two 737-800 aircraft to Sun Country

CDB Aviation delivered the first of two Boeing 737-800 aircraft to Sun Country, a Minnesota-based, hybrid low-cost airline. “We’re delighted to have partnered with our colleagues at Sun Country on executing this transaction for two Boeing aircraft from our portfolio, which will facilitate the further build-out of the carrier’s highly-adaptable network structure,” said Lu...

45,000 more-fuel-efficient aircraft, worth US$2.9 trillion, predicted to be delivered by 2040

The new 2021 Cirium Fleet Forecast reveals that US$2.9 trillion is expected to be spent on approximately 45,000 new and more-fuel-efficient aircraft over the next 20 years. Published by Ascend by Cirium, the fleet forecast predicts that 20-year aircraft deliveries globally by 2040 will be 4% higher than previously predicted a year ago. This outlines a positive outlook for the aviati...

Latin-American business aviation specialist SYNERJET became new investor for Wingcopter

Wingcopter has secured its next investment. The capital influx comes from SYNERJET Corp., a business aviation specialist in Latin America, with operations in Brazil, Colombia, Ecuador, Chile, Panama, and Guatemala. The new funding follows recently announced investments from Japan-based DRONE FUND as well as UBER co-founder Garrett Camp’s Expa. SYNERJET has made the investment shortly afte...

CDB Aviation international aircraft lease agreements for Five A320neo Aircraft with Avianca

CDB Aviation signined an international aircraft lease agreements with Colombia’s flag carrier Avianca for a fleet of five Airbus A320neo aircraft. With deliveries from the lessor’s order book planned for 2022 and 2023, the aircraft are leased on a long-term basis and configured with three different seat types: Premium, Plus, and Economy. “We are deligh...

Air France-KLM has redeemed 500 million euros of the outstanding 4 billion euros bank loan guaranteed by the French State

Air France-KLM has redeemed 500 million euros of the outstanding 4 billion euros bank loan guaranteed by the French State (the “PGE”) and negotiated a revision of the redemption profile with a maturity extended from May 6, 2023 to May 6, 2025 Following early signs of a recovery of the worldwide air traffic, combined with an improved access to capital markets, Air France-KLM has...

Wingcopter receives Investment from Japan-based DRONE FUND

Wingcopter continues to fly high, announcing that it has received an investment from DRONE FUND. DRONE FUND is a Japan-based venture capital company specializing in drone- and air mobility-related startups. The investment is made out of DRONE FUND’s JPY 10 billion/USD 90 million strong third fund, called DRONE FUND III (officially DRONE FUND III Investment Limited Partnership), and...

AutoFlight lands $100M investment in Series A funding

AutoFlight, a global electric vertical take-off and landing startup specializing in developing and manufacturing autonomous aerial vehicles, announces a $100M (USD) Series A investment by European technology-investor Lukasz Gadowski and his company, Team Global. The capital from the financing will be used for international expansion as well as scaling cargo eVTOL production for...

Kuwait International Aircraft Leasing purchases Bell 429 to boost Ministry of Health Emergency capabilities

Bell Textron Inc.,announced the sale of a Bell 429 helicopter in Kuwait to Kuwait International Aircraft Leasing (KIAL) to be used by the Ministry of Health (MOH) for Helicopter Emergency Medical Services (HEMS). This marks the third 429 HEMS sale in the country. The aircraft is expected to be delivered in August 2022. KIAL and Bell representatives gathered at the Dubai Air Show to celebrate...

MTU Maintenance Lease Services B.V. now a full MTU subsidiary

MTU Aero Engines has purchased a 20 percent share of MTU Maintenance Lease Services B.V. from Sumitomo Corporation, making the company from Amsterdam a 100 percent subsidiary of MTU. MTU has also sold its 10 percent share in SMBC Aero Engine Lease B.V. to Sumitomo Corporation. Both companies will continue to maintain their close collaboration. The move will unlock the full potential o...

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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...