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ACS Aviation growth plans get airborne following one million pound investment

Qatar Airways wants to buy a 25% stake in Moscow's Vnukovo airport

Qatar Airways has bought a 25 per cent stake in one of Moscow’s largest airports for an undisclosed sum as the company attempts to overcome the Gulf blockade of the emirate. This reported by Financial Times. Akbar Al Baker, chief executive of Qatar Airways, said on Monday that the airline e...

Boeing HorizonX Invests in Australia-based Nanosatellite Communications Startup Myriota

First non-U.S. investment by Boeing HorizonX Ventures; 10th investment since its launch in April 2017 Direct-to-orbit connectivity enables IoT accessibility for remote locations Myriota joins Boeing's growing technology ecosystem in Australia Boeing announced its investment in ...

Rolls-Royce breaks ground on new testbed as part of £150m investment in UK aerospace facilities

Rolls-Royce today welcomed Business Secretary, Greg Clark to Derby to celebrate the start of work on its new testbed facility. The plans for the testbed were announced in June 2017 as part of a wider £150m investment in UK aerospace facilities. The new testbed, which is expected to be commissioned in 2020, will support Rolls-Royce’s ongoing industrial transformation and will provide...

New Owner: Great Plans for Diamond Aircraft

End of 2017 Wanfeng Aviation Industry Co., Ltd. acquired Diamond Aircraft Industries GmbH (DAI Austria), Diamond Aircraft Inc. (DAI Canada) and Austro Engine GmbH (AE). The new owner introduces the future group strategy with a focus on continued growth and DAI Austria as global headquarters, where it will continue to develop new technologies and aircraft models, including the DART civil turboprop...

AviaAM Financial Leasing China delivered three brand new Airbus A320 aircraft to Aeroflot - Russian Airlines

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announces that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently delivered three brand-new Airbus A320-214 aircraft to the Russian flag carrier Aeroflot – Russian Airlines. Aircraft bearing manufacturer’s serial...

XTI Aircraft Company to file with SEC to increase share price

XTI Aircraft Company (XTI) announced it is preparing to file papers with the U.S. Securities and Exchange Commission to increase the price of its shares from $1.00 to a minimum of $1.50.  The share price will remain at $1.00 for a period of weeks until XTI finishes preparing its audited financials and submits its filing to the SEC.  When the SEC approves the incr...

Air Arabia Plans for More Destinations and a Bigger Fleet

The aviation industry is one where the potential for profit is great, but it is also extremely competitive and faces some serious challenges in the short to medium term. Whilst areas like private jet charter are growing, there are issues with capacity and companies must box clever if they are to expand at a rate that matches demand, as is currently the case with Middle Eastern carrier, Air Arabia....

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward ground testing those components. “In this Phase 2,” explained Robert LaBelle, Chief Executive Officer of XTI, “we’re fabricating the wing ducts and fans and will perform gro...

Step forward in financial strategy, revolving credit facility renegotiated

Significant reduction of margins, down 25bp, and positive effects expected on the financial charges Size reduced, down to €1.8bn, and duration extended to 2023  ​ Leonardo signed a new Revolving Credit Facilities with a pool of domestic and international banks. The RCF envisages the payment of a spread of 75 basis points above Euribor, 25 basis point l...

Boeing HorizonX Invests in Advanced Battery Technology Startup Cuberg

High-energy battery could accelerate the electrification of transportation Boeing announced its investment in Berkeley, Calif.-based Cuberg, Inc., a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced battery cell that is designed to be a d...

Magnetic MRO continues to grow with a new strategic investor

Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”). Magnetic MRO has grown over the past 5 ye...

SmartLynx signs wet lease agreement with German leisure airline Condor

In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airlines Condor Flugdienst GmbH. According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to CONDOR an Airbus A321 with Latvian Registration mark YL-LCQ /MSN 2211 from 7 January to 31 March 2018. The aircraft will operate from the base in Munich Air...

Diamond Aircraft Group acquired by Wanfeng Aviation Industry

Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation Industry Co., Ltd. This acquisition assures the continued long term future of the Diamond brand, with plans to increase global sales volume, expansion of the distribution and support networks, and conti...

Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization

The Boeing board of directors declared the company's quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billionauthorization. "Boeing's strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to in...

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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...

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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...