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AutoFlight lands $100M investment in Series A funding

AutoFlight, a global electric vertical take-off and landing startup specializing in developing and manufacturing autonomous aerial vehicles, announces a $100M (USD) Series A investment by European technology-investor Lukasz Gadowski and his company, Team Global. The capital from...

Kuwait International Aircraft Leasing purchases Bell 429 to boost Ministry of Health Emergency capabilities

Bell Textron Inc.,announced the sale of a Bell 429 helicopter in Kuwait to Kuwait International Aircraft Leasing (KIAL) to be used by the Ministry of Health (MOH) for Helicopter Emergency Medical Services (HEMS). This marks the third 429 HEMS sale in the country. The aircraft is expected to be deliv...

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MTU Maintenance Lease Services B.V. now a full MTU subsidiary

MTU Aero Engines has purchased a 20 percent share of MTU Maintenance Lease Services B.V. from Sumitomo Corporation, making the company from Amsterdam a 100 percent subsidiary of MTU. MTU has also sold its 10 percent share in SMBC Aero Engine Lease B.V. to Sumitomo Corporation. Both companies will continue to maintain their close collaboration. The move will unlock the full potential o...

ZURI secures €2,4M to finance further development of its hybrid VTOL aircraft

ZURI closed a successful investment round with €2,4M of total raised funds. ZURI, which has been developing hybrid VTOL aviation technology aimed at regional passenger and cargo transportation since 2017, has closed a successful round of funding. With the newly raised funding of €1.3M, ZURI has raised a total investment of €2.4M to date. The funding is primarily intended to...

Middle East commercial jet & services market - Boeing forecasts valued at more than $1.4 Trillion

Boeing said that airlines in the Middle East will require 3,000 new airplanes valued at $700 billion and aftermarket services such as maintenance and repair worth $740 billion, with the region positioned to capitalize on the recovery of regional and international travel and cargo demand. Boeing provided the estimate in its 2021 Commercial Market Outlook (CMO), a forecast of 20-year demand for comm...

Boeing forecasts Africa 20-year commercial aviation market opportunity valued at nearly $400 Billion

Boeing forecasts that African airlines will require 1,030 new airplanes by 2040 valued at $160 billion and aftermarket services such as manufacturing and repair worth $235 billion, enabling growth for air travel and economies across the continent. Boeing shared the projection as part of the 2021 Commercial Market Outlook (CMO), the company’s long-term assessment of demand for commercial...

LCI delivered two AW139 helicopters to Heligo

LCI has placed two Leonardo AW139 helicopters on long-term operating leases with its newest customer, Heligo Charters Pvt. Ltd. The state-of-the-art aircraft were recently delivered to Heligo’s base at Juhu Airport in Mumbai, from where they will provide crew transfer services for India’s largest energy company, ONGC.  Nigel Leishman, Executive Vice President &am...

eVTOL ride sharing business in Japan - Japan Airlines & Avolon

Avolon and Japan Airlines announced a partnership to commercialize zero-emissions eVTOL aircraft in Japan.  Avolon, through its investment and innovation affiliate Avolon-e, has formed a strategic partnership with JAL to identify and target local partners and customers, infrastructure requirements, certification, and a range of commercial models to introduce one of the world’s firs...

Lufthansa invests in first industrially produced carbon-neutral, electricity-based kerosene

The world first industrial plant that produces CO2-neutral electricity-based kerosene was officially opened today in Werlte/Emsland. It is operated by the climate protection organization atmosfair and produces synthetic fuel for aircraft from water, CO2 and renewable electricity (power-to-liquid = PtL). The Lufthansa Group is a partner in the pioneering project and is one of the first custome...

Uber co-founder Garrett Camp’s Expa invests in drone delivery pioneer Wingcopter

Expa - a global network of startup founders supporting entrepreneurs through expertise, access, and funding - today announced a strategic investment in Wingcopter. Getting things to where they need to go isn’t always simple and, often, can be critically urgent. That’s where Wingcopter comes in. The leading German company not only develops and manufactures autonomous delivery...

Lilium closes business combination with Qell Acquisition Corp.

Lilium, positioned to be a global leader in regional electric air mobility, today announced that it has completed its business combination with Qell Acquisition Corp., a publicly listed special purpose acquisition company. The transaction was approved by Qell’s shareholders on September 10, 2021, during a Special Meeting in which more than 98% of the votes cast were in favor of the business...

Welcome digital aircraft trading infrastructure - SenAer Trading

SenAer Trading global aircraft trading platform is officially launched! SenAer was founded to create an independent digital trading platform to facilitate sales in aircraft and aircraft parts by airlines, lessors, OEMs and institutional investors with a particular focus on widening the traditional investment base for secondary aviation asset sales. Nollaig Murphy of SenAer c...

KKR Announces $40 Million Investment in Jet Edge International

KKR announced that KKR has agreed to invest $40 million in preferred equity in Jet Edge International, an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States. KKR is making the investment in Jet Edge through its credit funds and accounts focused on asset-based fin...

EHang added to FTSE Russell Global Equity Index Series

EHang Holdings Limited  announces that the Company’s stock will be added as a constituent of the FTSE Russell Global Equity Index Series, following FTSE's most recent semi-annual review. The inclusions in the three indexes listed below will become effective after the close of business on Friday, September 17, 2021. FTSE Global Small Cap Index FTSE Global All-Cap Index (LMS)...

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Wingcopter receives Investment from Japan-based DRONE FUND

Wingcopter continues to fly high, announcing that it has received an investment from DRONE FUND. DRONE FUND is a Japan-based venture capital company specializing in drone- and air mobility-r...