In June 2023, Stratus Financial successfully closed a new credit facility for $30 million. This credit facility is aimed at increasing the funding capacity for students pursuing their aviation dreams. With this new facility, Stratus Financial will be able to work faster, smarter, and better in the industry, helping more pilots than any other lending facility in the flight training industry....
SkyDrive has selected Thales FlytRise flight control system to equip its future three-seat zero emission SKYDRIVE eVTOL aircraft. With ground traffic congestion and associated pollution becoming a major concern in cities around the world, eVTOL aircraft represent a disruptive solution to mobility challenges. With the mission of “taking the lead in the once-in-a-centu...
Virgin Australia and Boeing have entered a MoU which will see them collaborate across five areas of endeavour aligned to their respective sustainability ambitions. The MoU builds on the longstanding and deepening technology relationship between Virgin Australia, Australia’s second largest domestic carrier, and global aerospace leader Boeing. It reflects the focus both companies pla...
KLM Royal Dutch Airlines has introduced new World Business Class seats. These broader seats have a sliding door ensuring greater comfort and privacy. Thanks to various innovations, the seats and their fittings are 10-15% lighter than other business class seats in this market segment, thereby contributing to KLM’s sustainability objectives. KLM’s new World Business Class (WBC) seats...
For some weeks now, we've been enjoying truly summer weather. What impact are the temperatures having on private aircraft? What can really stand up to hail or a heatwave? Certainly not your aircraft’s instrumentation and equipment! During the summer and all year-round, hangaring your aircraft guarantees the condition of your business jet, and far from least, more comfort f...
Joby Aviation announced that SK Telecom is making an equity investment of $100 million in Joby, as part of an expanded partnership between the two companies. The agreement, executed on 27 June, paves the way for Joby to participate alongside SKT in Korea’s “K-UAM Grand Challenge.” The Challenge is a phased demonstration program, led by the Korean Ministry of Land, Infra...
IBA outlined a largely positive outlook for the helicopter market. IBA expert panel signposted a number of key positive factors for the market including expected continued growth in helicopter leasing, the easing of supply chain issues, growth opportunities in sectors such as EMS, offshore and wind farms, and the successful introduction and growth of the super medium helicopter...
ATP Flight School signed an agreement for the purchase of 40 Textron Aviation Cessna Skyhawk aircraft to be delivered in 2025. The piston aircraft will add to ATP’s existing fleet of nearly 200 Skyhawks, positioned across 82 training centers nationwide. This is the second fleet purchase of Cessna Skyhawks for ATP's Airline Career Pilot Program in less than a year, as the flight...
Airbus Helicopters has received FAA certification for H160 helicopter, marking a significant milestone in theaircraft's development and positioning it for entry into the U.S. market. The H160 is a revolutionary medium-class rotorcraft that sets a new benchmark in terms of safety, comfort, and environmental performance. It features cutting-edge technologies, including noise-...
The Ohio State University Airport (KOSU) joined the Avfuel-branded Network effective July 1. The partnership unites the leading independent supplier of aviation fuel and services with the university’s aeronautics and aviation campus, a general aviation reliever for John Glenn Columbus International Airport. One of just three airports owned by top-tier universities nationwide,...
Rolls-Royce new small gas turbine that has been specifically developed to power hybrid-electric flight is set to begin testing. The engine is part of a turbogenerator system that is being developed for the Advanced Air Mobility market. This includes eVTOL aircraft for Urban Air Mobility and Commuter Aircraft applications up to 19 seats. The turbogenerator system will complemen...
New research shows growing support for the development of air taxi services in Canada to help the country seize opportunities to create jobs and boost revenue, while also helping the environment. The nationwide study by Horizon Aircraft, a Canadian-based innovative leader eVTOL, found 73% of Canadians support the development of the air taxi and eVTOL industry. Nearly four out of fiv...
