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Surf Air Mobility signs definitive $1.42 Billion merger agreement with Southern Airways Corporation

REGENT announced a strategic investment from Hawaiian Airlines

REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the Monarch. With this investment, Hawaiian Airlines becomes REGENT’s first U.S.-based design partn...

flydubai records exceptional performance in the Q1 of 2022 and prepares for a busy summer

flydubai has recorded an exceptional performance in the First Quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capacity on its existing routes have been supported by new aircraft deliveries since the start of the ye...

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FACC records significant growth in Q1 2022

FACC AG closed the first quarter of 2022 as planned with a 7.9% increase in sales compared to the previous year. The reason for this positive development is the favorable order situation for short- and medium-haul aircraft as well as orders in the business jet segment. EBIT is positive at + 3 million EUR, which is also due to the measures to reduce costs and increase efficiency that have already t...

Bristow Group to acquire British International Helicopter Services

Bristow Group announced its plans to acquire British International Helicopter Services Limited, further enhancing its leading global Government Services business. Bristow will continue to build upon BIH's strong relationships established through a longstanding history of serving both military and civilian markets. Bristow expects to realize efficiencies by leveraging its scale to continue...

LCI commits to order up to 125 BETA Technologies eVTOL aircraft

LCI has signed an agreement with BETA Technologies, developer of a fully integrated electric aviation system, to acquire up to 125 of the company’s eVTOL aircraft. LCI’s commitment for BETA’s ALIA-250 eVTOL aircraft will enable the company to sustainably support operations across the globe. Under the terms of the deposit-backed agreement, LCI will initially ac...

Nordic Aviation Capital achieves confirmation of reorganization plan

Nordic Aviation Capital announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has confirmed the Company’s Plan of Reorganization, which should enable the Company to emerge from Chapter 11 before the end of May. The Plan was approved by the Court with the consent of the Company’s existing equity holders and over 99% of voting creditors voting in favor o...

AviaAM Leasing acquires Boeing 737-800 for Passenger-to-Freighter conversion

AviaAM Leasing continues its Passenger-to-Freighter (P2F) conversion project, acquiring one more Boeing 737-800. Since the beginning of AviaAM Leasing’s Passenger-to-Freighter (P2F) conversion project in March 2021, when the first Boeing 737-800 was acquired, the company has been successfully expanding the list of their assets. Now one more Boeing 737-800 aircraft has been purchase...

RECARO reports 2021 revenue, highlights growth & innovation outlook

Global seating company Recaro reports its 2021 revenue and sets its sights on growth and innovation outlook with a double digit growth for 2022. The Recaro Group with its business fields employs globally 2,200 people at Recaro Holding, Recaro Aircraft Seating and Recaro Gaming. All three companies are headquartered in Germany. Revenue for Recaro in 2021 almost reached 270 € million. Despit...

Pilatus ends 2021 financial year flying high

The 2021 financial year was extremely successful for Pilatus, but also challenging. Despite the difficult circumstances, a new production record of 152 aircraft deliveries was set. Sales of 1.3 billion Swiss francs, an operating result of 210 million and incoming orders worth 1.7 billion francs are a very good result. The Board of Directors also underwent a change and a reinforcement. Pilatus a...

BOC Aviation orders 80 A320neo family

Global aircraft operating lessor BOC Aviation has signed a firm order for 80 A320neo family aircraft comprising 10 A321XLR, 50 A321neo and 20 A320neo. The latest agreement takes BOC Aviation’s total direct orders with Airbus to 453 aircraft from the single aisle A320 Family to the A330 and A350 widebodies.  “We are proud to continue our long-standing relationship with Airb...

CDB Aviation signed new sale and leaseback agreement with Volaris for five Airbus aircraft

CDB Aviation entered into a new sale and leaseback agreement with its existing customer, Volaris (“Controladora Vuela Compañía de Aviación, S.A.B. de C.V.”), for a fleet of five Airbus aircraft, encompassing two A320neos and three A321neos. The new agreement brings the number of CDB Aviation aircraft on lease to Volaris to a total of thirteen aircraft, whic...

Air Lease Corporation adds 32 Boeing 737 MAX Jets to its orderbook

Boeing and Air Lease Corp. announced the aircraft lessor is expanding its airplane portfolio with an order for 32 additional 737-8 and 737-9 jets. As the travel market recovers, ALC is increasing its 737 MAX family offering to meet airline demand for modern, fuel-efficient and sustainable operations.  "Following our memorandum of understanding with Boeing in February for these 32...

Pipistrel and Lobo Leasing sign partnership and place order for 15 Nuuva V300 hVTOL aircraft

Pipistrel and Lobo Leasing Limited signed a letter of intent with deposits for the acquisition of 15 Nuuva V300 autonomous cargo hVTOL aircraft. The agreement confirms Lobo Leasing and Pipistrel’s commitment to the development of new vertical takeoff and landing, environmentally friendly, and sustainable air transportation solutions. The NUUVA V300 is an optimal hVTOL UAV for middle...

Wheels Up officially closes acquisition of Air Partner - expands product portfolio and suite of services

Wheels Up Experience has officially closed its acquisition of Air Partner plc, a U.K.-based global aviation services group with operations in 18 locations and four continents. Under the terms of the transaction, and following stockholder and regulatory approval, Wheels Up has acquired the entire issued share capital of Air Partner for 125 penceper share, equivalent to an enterprise...

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Essential news

REGENT announced a strategic investment from Hawaiian Airlines

REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the M...

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Top of the week

Surf Air Mobility signs definitive $1.42 Billion merger agreement with Southern Airways Corporation

Surf Air Mobility has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company o...

flydubai records exceptional performance in the Q1 of 2022 and prepares for a busy summer

flydubai has recorded an exceptional performance in the First Quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capa...

REGENT announced a strategic investment from Hawaiian Airlines

REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the M...

LCI commits to order up to 125 BETA Technologies eVTOL aircraft

LCI has signed an agreement with BETA Technologies, developer of a fully integrated electric aviation system, to acquire up to 125 of the company’s eVTOL aircraft. LCI’...

RECARO reports 2021 revenue, highlights growth & innovation outlook

Global seating company Recaro reports its 2021 revenue and sets its sights on growth and innovation outlook with a double digit growth for 2022. The Recaro Group with its business fields employs globa...

FACC records significant growth in Q1 2022

FACC AG closed the first quarter of 2022 as planned with a 7.9% increase in sales compared to the previous year. The reason for this positive development is the favorable order situation for short- an...

Nordic Aviation Capital achieves confirmation of reorganization plan

Nordic Aviation Capital announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has confirmed the Company’s Plan of Reorganization, which should enable the Compan...