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First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First Abu Dhabi Bank and Abu Dhabi Global Market, the airline will borrow 100 million Euros (AED 404.2 mil...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney  in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifically, the site will service the market leading PW814GA and PW815GA engines that power the Gulfstrea...

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GKN Aerospace $10 million investment in new facility in India

GKN Aerospace will officially open its all-new facility for Electrical Wiring Interconnection Systems (EWIS) in Pune, India. GKN Aerospace India will celebrate this significant milestone with an inauguration ceremony on Wednesday 4th December. GKN Aerospace Leadership, together with State of Maharashtra Government officials, as well as investment partners and customers, will come together to recog...

Dassault Aviation invests Aeronautical Pyrotechnics

Dassault Aviation inaugurated its new pyrotechnic facilities at its Martignas-sur-Jalle site. The inauguration ceremony was led by Eric Trappier, Chairman and CEO of Dassault Aviation, along with site director Pascal Nibaudeau, and was attended by the general secretary of the prefecture of Nouvelle-Aquitaine and Gironde, Thierry Suquet; the president of the Nouvelle-Aquitaine region, Alain Rousset...

CDB Aviation delivered first of Three A330 to Onur Air

CDB Aviation delivered the first of three Airbus A330-343 aircraft to its new airline customer in Turkey, Onur Air. The remaining two aircraft are expected to deliver in the second quarter of 2020. “We are very pleased to have Onur Air join our growing European customer base,” said Peter Goodman, CDB Aviation Head of Commercial Europe, Middle East, and Africa. “These A3...

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, commercial development. Founded in 1994 by Jean-Paul Monnin and Jérôme Binachon, Alsim...

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 its existing backlog. The latest order takes the total number of A330 Family aircraft ordered by GECA...

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...

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Essential news

First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney  in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifi...

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Air Partner acquires leading global aviation security solutions and training company

Air Partner announced that it has acquired the entire issued share capital of Redline Worldwide Limited, trading as Redline Assured Security, a leading global aviation security solutions and trai...

Pratt & Whitney Invests $30 Million in West Virginia Facility for MRO of PW800 Engines

A $30 million US investment announced by Pratt & Whitney  in its engine services facility in Bridgeport, West Virginia for the maintenance, repair and overhaul (MRO) of PW800 engines. Specifi...

First airline to raise funds tied to United Nations Sustainable Development goals

The first airline to secure funding for a project based on its compatibility with the Sustainable Development Goals of the United Nations is Etihad Airways! Through a partnership with First...