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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 a...

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...


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...

Zero emissions air travel in Turkey - Gözen Holding orders 100 VX4 aircraft from Avolon

Avolon announces that Gözen Holding has committed to purchase or lease up to 50 VX4 eVTOL aircraft from Avolon, with the option to purchase or lease up to 50 additional aircraft. As a result of this announcement, Avolon has now placed its entire 500 VX4 eVTOL aircraft orderbook, with the orderbook being oversubscribed by 50 options. As part of the agreement, Avolon, through...

Wingcopter wins ITOCHU as a strategic investor and authorized partner in Japan

Wingcopter signed of a strategic partnership agreement with ITOCHU Corporation. ITOCHU joins Wingcopter’s Authorized Partnership Program and will act as a dedicated distributor and lessor for the Wingcopter 198, Wingcopter’s new eVTOL delivery drone, in Japan. On top, the Japanese conglomerate also decided to make a strategic investment in Wingcopter. With an annual...

Skyports raises USD 23 million in first close of Series B funding round

Skyports the electric air taxi infrastructure and drone services provider, has raised USD 23 million in the first close of its Series B funding round. The capital, from a combination of new and existing investors, will enable Skyports to consolidate its position as a global leader in the advanced air mobility infrastructure and drone operations markets. All existing institutional shareholders p...

To tackle climate change by bringing zero-emissions air travel to the region - Avolon & Air Greenland

Avolon has partnered with Air Greenland to bring zero-emissions travel to the region and help tackle the issue of climate change. Avolon and Air Greenland will partner to form a Working Group to assess the opportunity to commercialise zero-emissions air travel in the region. The Working Group will also collaborate to identify local infrastructure and certification requirements for e...

Textron will acquire electric aircraft pioneer Pipistrel

Textron has entered into an agreement to purchase Pipistrel. With Textron, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and hybrid electric aircraft. Upon closing of the transaction, Textron plans to form a new business...

Wheels Up announced record revenue for Fourth Quarter 2021

Wheels Up announced financial results for the fourth quarter, which ended December 31, 2021.  Fourth Quarter 2021 Highlights: Revenue increased 64% year-over-year to $345 million Active Members grew 31% year-over-year to 12,040 in total  Live Flight Legs increased 63% year-over-year to 20,296 in total  Net loss increased by $42 million year-over-...

Volocopter raises USD 170 million in first signing of series E financing round

Volocopter has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Composed of funds by new and existing investors, the money raised will assist with the certification of Volocopter’s electric passenger air taxi and is expected to help Volocopter achieve commercial launch in...

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The drones news

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VAH announces new seven aircraft purchase agreement of ~ $300 Million

Voyager Aviation Holdings signed a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with stro...