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...
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 A...
Airbus SE reported consolidated Full-Year (FY) 2020 financial results and provided guidance for 2021.“The 2020 results demonstrate the resilience of Airbus in the most challenging crisis to hit the aerospace industry. I want to thank our teams for their great achievements in 2020 and acknowledge the strong support of our Helicopters and Defence and Space businesses. I would also like to than...
MTU Aero Engines presented its preliminary figures for 2020: Revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit1 was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income2 was €294 million in 2020, compared with €538 million in 2019. “Our swift and decisive action in the face of...
Joby Aviation, developing an all-electric eVTOL aircraft, which it intends to operate as a commercial passenger aircraft in 2024, announced that it has begun generating revenue as part of achieving another major milestone in the Agility Prime program. The company also announced that it has agreed to a ‘G1’ certification basis for its aircraft with the Federal Aviation Adminis...
AURA AERO, the new digital and eco-efficient aeronautical manufacturer, whose aim is to become a major actor of tomorrow’s aviation, has just closed a hybrid fundraising, and announces the participation, as from this month, of Innovacom, an independant venture capital firm specializing in digital technology.This operation will enable AURA AERO to close its series A funding group, corres...
Skyworks Aeronautics announced a $100 million investment commitment from GEM Global Yield LLC SCS, the Luxembourg based private alternative investment group. Under the agreement, GEM will provide Skyworks Aeronautics with a Share Subscription Facility of up to $100 million for a 36-month term following a public listing of the Skyworks Aeronautics common stock. Skyworks Aeronautics will control the...
During 2020, VistaJet saw an increase of 29% globally in new subscription memberships year-on-year, with Europe accounting for 43% of new Members, North America 25%, Asia 18% and the Middle East 10%. It was also a record year for VistaJet’s On Demand services, with bookings growing substantially at +15% year-on-year. The Company expects to see a continuation in this extraordinary explos...
Norwegian announced that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation. “On behalf of everyone at Norwegian,...
Avolon issued its 2021 outlook paper titled ’Looking to Recovery’. The paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying themes that are likely to shape the year ahead and setting out six ‘Fearless Forecasts’ for 2021. Jim Morrison, Head of Portfolio Management at Avolon and author of the 2021 Outlook Pa...
Following the abrupt pandemic-induced plunge in preowned aircraft sales in March 2020, members of the International Aircraft Dealers Association (IADA) experienced a rising wave of transactions, highlighted by a fourth quarter surge of 554 closed deals. IADA began tracking sales metrics in April on a monthly basis as a result of the volatile used aircraft sales transactions caused by the impact...
Exceptional Capital Strength Positions Avolon for 2021 Dómhnal Slattery, CEO Avolon, commented: “2020 was the most challenging year the commercial aviation industry has ever faced. The level of airline distress truly tested the resilience of the leasing sector business model. Through Avolon’s decisive actions to reduce our capital commitments, strengthen our liquidity an...
Since July 2020, Deutsche Lufthansa AG has raised a total of around 500 million euros by using aircrafts as security in eight financing transactions. This enabled the Group to secure additional funds on top of the 1.6 billion euros raised via a convertible bond and a corporate bond. The five Airbus A350s and three aircraft from the A320 family were used as securities for various financing instr...
Jet It, founded by industry veterans Glenn Gonzalesand Vishal Hiremath in 2018, continued its rapid growth with the delivery of six new HondaJets during the final quarter of 2020. The investment is valued at over $36 million, and with the delivery of the additional six aircrafts, the young company more than doubled its fleet in 2020 and met its goal of ten aircraft in operation...
Running now
Brazil, SANTANA
08/09/2026
United Kingdom, London
Air France-KLM today has submitted a binding offer to Parpública for the acquisition of a 44.9% to 49.9% stake in TAP Air Portugal, marking a decisive step in the airli...
