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Airbus, Barclays Sustainable Impact Capital and NEOM co-lead ZeroAvia latest financing round

Leading the electric age of aviation - Solyu orders for 25 Eviation Alice all-electric commuter aircraft

Seoul based leasing company Solyu signed a LOI for 25 Eviation Aircraft commuter Alice aircraft with options for 25 additional aircraft. Solyu is focused on supporting sustainable aviation by providing financing and leasing solutions for the Alice to a global customer base of operator...

Avolon finalises order with Airbus for 20 A330neo aircraft

Avolon has signed a binding agreement for its order of 20 new A330neo aircraft from Airbus. The order firms up a memorandum of understanding signed at the Paris Airshow in June. The new aircraft are scheduled to be delivered between 2025 and 2028. Avolon was a launch customer for the...

Profit of Riga Airport in the first half of the year – EUR 2.2 million

According to the unaudited interim report for January-June 2023, Riga Airport closed the first half of 2023 with a profit of EUR 2.2 million.The turnover of the Airport in the first half of this year was EUR 34.43 million, or 37 percent more than previous year. It consisted of EUR 20.47 million in revenue from aviation services (+25 % as compared to 2022) and almost EUR 14 million in rev...

Elfly Group secures grant from Norwegian Government agency to develop prototype of its all-electric seaplane

Norway Elfly Group is to forge ahead with the production of a full-scale prototype of its all-electric commercial seaplane, the Noemi following confirmation of USD$8 million-plus grant from Enova SF, the country’s Ministry of Climate and Environment. The award underlines the Norwegian Government’s commitment to transition to a low emission society and its ambition to mak...

Definitive merger agreement between Inpixon and XTI Aircraft Company

Inpixon has entered into a definitive merger agreement with XTI Aircraft Company. If completed, the merger will result in a combined publicly traded company that will focus on advancing the TriFan 600 to market, as well as continuing to offer Inpixon's real-time location systems technology to manufacturing and warehousing facilities for streamlined operations, greater...

Archer closing oversubscribed PIPE as part of $215M investment round led by Stellantis

Archer Aviation announced that the PIPE portion of its larger $215M investment round led by Stellantis announced last Thursday is positioned to close today. ARK and United Airlines were two of the largest investors in the PIPE signifying the intersection of innovative financial institutions and traditional aerospace investing in disruptive technologies. Adam Goldstein, founder and CEO of Archer...

FAA issues Archer certificate to begin flying Midnight; on track to complete first ever eVTOL customer delivery

Archer Midnight aircraft received its Special Airworthiness Certificate from the FAA.This certification signals that Archer’s Midnight aircraft has successfully met all FAA safety requirements allowing it to begin flight test operations, which Archer expects to commence in the coming weeks. Archer continues to make strong progress on Midnight’s certification program with the FAA i...

Rcapital acquires Bromford Group’s Leicester-based engineering business to secure 81 jobs

Private investor, Rcapital, completed the acquisition of the Leicester-based aerospace and power generation business of Bromford Group. Bromford Group was placed into administration in March and has continued trading while a buyer has been sought. Chris Pole and Ryan Grant of Interpath Advisory were the appointed administrators. Rcapital’s acquisition does not include the wider group&rs...

Landmark investment in eVTOL - Archer and U.S. Air Force enter into contracts worth up to $142 million

Archer Aviation has significantly expanded its partnership with the DoD by signing new contracts with the U.S. Air Force with a total value of up to $142 million. This new execution phase of the partnership includes the delivery of up to six of Archer’s Midnight aircraft to the Air Force, the sharing of additional flight test data and certification related test reports, pilot training, and t...

Accelerating sustainable aviation - climate tech fund Statkraft Ventures invests in Electra

Statkraft Ventures announced its investment in Electra.aero. The investment will enable Electra to further develop its hybrid-electric ultra-short eSTOL aircraft, reinforcing Statkraft Ventures’ commitment to advancing sustainable transportation and decarbonization efforts by investing in emerging technologies that reduce emissions. This investment leverages Statkraft Ventures'...

Lilium successfully arranges $192 M capital raise supported by leading German technology investors

Lilium has successfully arranged a capital raise for a total amount of $192 million. Participants in the upsized round included leading German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners and Frank Thelen, multiple institutional investors led by B. Riley Securities and e-mobility investor E-vestment B.V. Several Lilium Board members and senior executives also...

EHang announces US$23 million private placement led by South Korean strategic investor Lee Soo Man

EHang has entered into share subscription agreements for a total of US$23,000,000 private placement with several strategic investors led by Mr. Lee Soo Man, a renowned South Korean music producer, entrepreneur, and the founder of K-pop and SM Entertainment, a South Korean leading multinational entertainment company listed in KOSDAQ. The Company will receive a deposit of 80% of the aggreg...

LCI delivers trio of EMS helicopters to Italian Alidaunia

LCI has delivered three Leonardo AW169 helicopters on long-term lease to the Italian operator, Alidaunia. The aircraft were all delivered new from Leonardo and are valued at over US$30 million. They form part of the LCI and SMFL joint venture (JV) fleet, which now totals 57 aircraft valued at approximately US$600 million. The AW169s have entered service with Alidaunia over the past...

Joby welcomes $100 million investment expanding partnership with SK Telecom

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...

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Top of the week

Solairus to acquire Clay Lacy’s aircraft management & charter divisions, expanding its scale in private aviation asset management & services

Solairus Aviation announced an agreement to acquire the Aircraft Management and Charter divisions of Clay Lacy Aviation. Solairus currently manages approximately 360 aircraft from more than 100 b...

IADA White Paper of insights from leading aircraft finance experts

For decades, financing a business aircraft was often viewed as a relatively straightforward exercise. A buyer identified an aircraft, selected a lender, negotiated terms and completed the transaction....