Rolls-Royce is investing in its assembly, test and shop visit capacity in the UK and Germany to address growing long-term demand for new civil large engines and improve customer aftermarket support services for its global Trent fleet. As outlined at last year’ Capital Markets Day, Ro...
GE Aerospace announced plans to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers. H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace, commented:&...
Airbus Helicopters and SKYCO International Financial Leasing, a state-owned enterprise belonging to China's Guangdong Province, have signed a contract for six H175 helicopters. Entrusted by the Guangdong Provincial Government, SKYCO Leasing is in charge of leading the aviation industry development in the province. The versatile H175 helicopters acquired by SKYCO Leasing will be deplo...
Pipistrel announced completed production of its 100th Velis Electro, world’s first type-certified electric aircraft, marking a significant milestone.Velis Electro serial number 100 has been delivered to valued customer Green Aerolease, French sustainable aircraft rental business with ambitions to accelerate the environmental transition of the aviation industry across Euro...
Elixir Aircraft has finalized its capital financing of 40 million euros over the next five years. The financing was completed by raising funds from several investors, including Innovacom, Bpifrance and the Nouvelle-Aquitaine Region. These funds will be allocated to the construction of a new factory in La Rochelle, as well as to the recruitment of personnel to expedite delivery rates. The airc...
The 2023 financial year was marked by major successes for Pilatus. Thanks to high, unbroken demand, 148 aircraft were delivered despite the ongoing challenges of the operating environment. With total sales of 1.478 billion Swiss francs, operating income of 240 million Swiss francs and new orders worth 1.513 billion Swiss francs, Pilatus closed the past year with record results. Hansueli Loosli,...
Safran, through Safran Corporate Ventures, has invested in Avnos Inc., a California-based startup specializing in CO2 capture from ambient air in a process called Direct Air Capture. The other investors in this funding round are NextEra Energy Resources, LLC, Shell Ventures, ConocoPhillips, Jet Blue Ventures, Envisioning Partners and Rusheen Capital Management. Direct Air Capture is a vi...
Green Aerolease, Europe leading electric aircraft rental company, is extending its offer to include low-consumption thermal-powered flight training aircraft (-50% compared with historical aircraft). Residual CO2 emissions are offset by the use of electric aircraft (via the Aero4Good association). This allows flight clubs and professional flight schools to offer a 0 net emission flig...
The planned joint-venture in Urban Air Mobility space will complete current development work on the Epiphany Transporter, which has recently achieved crucial preliminary design review, then certify the aircraft under the FAA's new and friendlier Light Sport Aircraft category. In lieu of long, burdensome wings, the compact advanced, door-to-door vehicle configuration vaunts morph...
The value of new aircraft deliveries is expected to rise by over 15% to c.US$100 billion in 2024, according to a paper published today by Avolon, a leading global aviation finance company. The delivery of over 1,450 new large commercial aircraft will help drive airlines’ passenger revenues up 12% to US$717 billion. Airlines’ net profit is projected to rise by 10% to US$26 billion. ...
flyExclusive announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global. As part of its strategic initiatives to accelerate operational excellence, grow the business, and execute its strategic plan to become the nation’s first fully vertically integrated private aviation company, flyExclus...
Avolonissues an update for the fourth quarter and 2023 full year. Andy Cronin, CEO Avolon, commented: “Strengthening market conditions allowed us to place our orderbook and used aircraft at accretive lease rates while underwriting US$4bn of new volume through the sale and leaseback market. Our balance sheet scale allowed us to order a further 200 new technology aircraft w...
The Public Investment Fund (PIF) agreed to invest in Saudia Technic, a subsidiary of Saudia Group. Formerly known as Saudia Aerospace Engineering Industries, Saudia Technic has a long-established presence and rich legacy in Saudi Arabia, tracing its roots back to the 1960s. It provides services across key aviation maintenance, repair and overhaul segments, including line, base, component...
flyExclusive and EG Acquisition Corp. announced the completion of their previously announced business combination. Upon the completion of the business combination, the combined company has been renamed flyExclusive, Inc. Beginning on December 28, 2023, the Company’s common stock are expected to begin trading on the NYSE American under the new ticker symbol “FLYX”. The b...
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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...
