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flypop signs multiple aircraft A330-300 lease deal with Avolon

flypop announced that is has signed a multiple aircraft A330-300 lease deal with Avolon, the world’s third largest aircraft lessor. Based in Ireland, Avolon provides lease and lease management services to airlines and airlines investors globally. The flypop team have been in discussions w...

Development of Lilium 7-Seater electric vertical take-off and landing jet

Lilium has entered into a definitive business combination agreement with Qell Acquisition Corp., led by Barry Engle, a former president of General Motors North America, is focused on developing next-generation, sustainable mobility. Upon closing of the transaction, the company will be call...

CDB Aviation and SAS expand relationship with new transaction for 4 Airbus aircraft

CDB Aviation announced a new sales and leaseback transaction for a fleet of four Airbus aircraft with its existing customer, Scandinavia’s flagship airline, SAS. The agreement incorporates three A320neo and one A350-900 aircraft. The carrier already took delivery of the A350, with the A320neo aircraft expected to be delivered in the near term. “We are pleased to expand our...

Embraer Earnings Results 4th Quarter and Fiscal Year 2020

The Company operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended December 31, 2020 (4Q20), September 30, 2020 (3Q20) and December 31, 2019 (4Q19), are derived from the unaudited financial statements, except a...

Largest financing deal in history of Saudi aviation sector - Saudi Arabian Airlines

Under the patronage of H.E. Minister of Transport, Chairman of the Saudi Arabian Airlines Corporation, Engr. Saleh bin Nasser Al Jasser, Saudi Arabian Airlines Corporation has signed a major financing agreement worth SAR 11.2 billion (USD 3 billion), the largest of its kind in Saudi Arabia’s aviation sector history. The agreement, which covers aircraft financing requirements, was signed...

Investment Firm 777 Partners Orders 24 Boeing 737 MAX Airplanes

Boeing and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami-based company will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world. In addition to aircraft leasing, 777 Partners strategically inv...

Coronavirus crisis - Lufthansa Technik revenue drop by 40%

The crisis in the aviation industry brought on by the coronavirus pandemic has hit Lufthansa Technik AG hard. In fiscal year 2020, revenue* plummeted by 43% year-on-year to €3,747 million (prior year: €6,572 million). Adjusted EBIT dropped well into the red to €-383 million (prior year: €463 million). In the second quarter of 2020, the pandemic led to a temporary suspension...

RUAG International completes sale of RUAG Aerospace Services GmbH to General Atomics Europe

RUAG International has transferred all shares in RUAG Aerospace Services GmbH to General Atomics Europe (GA-Europe). GA-Europe will take over the maintenance activities for private aircraft and military aircraft as well as the production and maintenance of the Dornier 228 aircraft at the Oberpfaffenhofen site as of 1 March 2021. With the transfer of ownership (contractual closing) from RUA...

Volocopter raised €200 Million in Series D Funding Round

Volocopter announced the signing of their Series D funding round today, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first...

Etihad Airways accelerates transformation plan to mitigate impact of pandemic

 Etihad Airways has announced its financial and operating results for 2020, recording a 76% fall in passengers carried throughout the year (4.2 million, compared to 17.5 million in 2019) as a result of lower demand and reduced flight capacity caused by the unparalleled global downturn in commercial aviation. As a consequence of the Covid pandemic and ensuing flight and travel restrictions,...

Strategic American Express Ventures investment in Boom Supersonic

Boom Supersonic announced a strategic investment from American Express Ventures. The funds will support the continued development of Boom's flagship product, the supersonic airliner Overture. Overture is Boom's 65- to 88-seat supersonic airliner, capable of running on 100% sustainable aviation fuel. The supersonic aircraft is slated to roll out in 2025 and begin commercial flight...

€500 million Safran loan agreement with European Investment Bank to finance research on future aircraft propulsion systems

The European Investment Bank has given Safran a 500 million euro credit line to finance its research into innovative propulsion systems for the next generation of single-aisle commercial airplanes. This marks a major step forward in Safran's roadmap to achieve carbon-free air transport. The loan agreement underscores the purpose of the EIB, which recently redefined itself as a "...

Resilient sales and deliveries - Daher Kodiak and TBM turboprop-powered aircraft

Daher Aircraft Division announced its 2020 business activity, with the deliveries of 53 aircraft from the Kodiak and TBM single-engine turboprop product lines, as well as orders for another 50 of these aircraft to be delivered in 2021. Last year’s deliveries were led by the TBM 940 and TBM 910, with 42 provided primarily to pilot-owners. The majority of TBMs were for North American c...

Surf Air Mobility enters into definitive agreement to acquire electric aviation pioneer Ampaire

Surf Air Mobility, a platform for regional air travel, announced it has entered into a definitive agreement to acquire hybrid electric aviation technology pioneer Ampaire. The addition of Ampaire's proprietary hybrid electric powertrain technology is a critical component in Surf Air Mobility's plans to dramatically improve the affordability, accessibility, and environmental...

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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...