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CDB Aviation delivered first of Three A330 to Onur Air

Accelerated development - Alsim raises more than 2 million euros

The regional investment fund Fonds Pays de la Loire Croissance et Océan Participations joined Alsim’s capital by investing a total amount of €2.1 million Euros. This arrangement allows the company to pursue both its future product development and its, mostly international, com...

12 A330neo and 20 A321XLR aircraft GECAS order

GECAS, the commercial aircraft leasing and financing arm of General Electric, has signed a firm order for 12 highly efficient wide-body Airbus A330neos and 20 long-range single-aisle A321XLRs. The agreement for the A321XLR includes an order for 13 new planes and the upsizing of seven A321s in i...

Rostec attracts UAE investor for VR-Technoloiges

During the DAS 2019, Russian Helicopters Holding Company signed with the Emirati Tawazun Holding Company an agreement on the basic terms of the transaction of the purchase of a stake in VR-Technologies. The document was signed by Director General of Russian Helicopters Andrey Boginsky and  Director General of Tawazun Tareq&...

World’s first solar-powered drone capable of perpetual flight

The progress, development, innovation... Seams everythings becomes possible! Leonardo is accalerating technologycal progress by investing in the in the world’s first solar-powered drone capable of perpetual flight! Leonardo is investing in Skydweller Aero Inc., a US/Spanish start-up specialising in large-scale solar-powered unmanned air systems. The initiative will res...

Investment to Strengthen AkzoNobel’s Global Position in Aerospace Coatings

Seabury Capital announced that its London-based Aerospace and Defense Investment Banking team assisted AkzoNobel, a global leader in aerospace coatings, during its acquisition of French aerospace coatings manufacturer, Mapaero.  The acquisition is intended to strengthen AkzoNobel’s global position as an innovative leader in eco-friendly aerospace coatings, notably in the structu...

9 months Leonardo results in line with Industrial Plan growth targets

Leonardo's Board of Directors approved the results at 30 September 2019. Alessandro Profumo, Leonardo CEO stated “The first nine months of 2019 are another important step forward on our journey: we are delivering consistently across our main businesses. We are reconfirming 2019 Guidance. We are fully focused on executing our Industrial Plan aimed at value creation for all our sta...

Bombardier sells Aerostructures Business to Spirit AeroSystems Holding

Supporting its strategic decision to focus on two strong growth pillars, trains and business aircraft, Bombardier announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. With this transaction, Spirit will acquire Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco;...

Cancellation of Mitsubishi SpaceJet M90 order confirmed by Mitsubishi Aircraft Corporation

After close discussions, the decision was made to cancel the contract for the Mitsubishi SpaceJet M90 – 50 firm orders with 50 options – as the variant does not meet the requirements of the United States market. Future discussions will be focused on the scope compliant SpaceJet M100 aircraft. “TSH has been a long-time proponent of our aircraft program and w...

The start of a new era for the human spaceflight industry

Virgin Galactic and Social Capital Hedosophia, a public investment vehicle, announced the completion of their previously announced business combination. The resulting company is named Virgin Galactic Holdings, Inc. and its common stock, units and warrants are expected to commence trading on the New York Stock Exchange under the new ticker symbol “SPCE”, ”SPCE.U” a...

Norwegian Air Joint Venture with China Construction Bank Leasing Corporation

Norwegian Air announced a joint venture with China Leasing International Corporation DAC to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably. Initially, the JV comprises 27 Airbus A320 NEO aircraft to be delivered from 2020 to 2023. CCBLI will also provide aircraft financing for aircraft within th...

1.4 billion business jet deal with Praetor Fleet Launch Customer

An amazing announcement was made today at NBAA-BACE 2019 - 1.4 billion business jet deal! Flexjet has placed a $1.4 billion order with Embraer Executive Jets for the Praetor mid- and super midsized aircraft and Phenom 300 light jets. With this purchase agreement, Flexjet becomes Embraer’s Praetor Fleet Launch Customer. Valued at up to USD 1.4 billion, at current list prices, thi...

New MTU Aero Engines high-tech test center for engine parts in Munich

MTU Aero Engines has built a new test center for engine parts on its Munich premises, investing an amount of more than 25 million euros in a new building and the most advanced test equipment. After two years of construction, the test center is now operational. This afternoon, Judith Gerlach, Bavarian State Minister for Digital Affairs, and MTU’s Chief Operating Officer (COO) Lars Wagner inau...

Boeing To Invest In Human Spaceflight Pioneer Virgin Galactic

Boeing will invest $20 million in Virgin Galactic, a vertically integrated human spaceflight company. The companies will work together to broaden commercial space access and transform global travel technologies. “Boeing’s strategic investment facilitates our effort to drive the commercialization of space and broaden consumer access to safe, efficient, and environmentally responsible...

Rolls-Royce completes acquisition of eAircraft business

Rolls-Royce has completed the acquisition of the electric and hybrid-electric aerospace propulsion activities of Siemens (formerly known as the eAircraft business), following a period of employee consultation.  The timely execution of the deal, announced in June this year, underlines the fit of these activities to our strategy to ‘champion electrification’ and will help acceler...

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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...

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...