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RUAG International completes sale of RUAG Aerospace Services GmbH to General Atomics Europe

RUAG International has transferred all shares in RUAG Aerospace Services GmbH to General Atomics Europe (GA-Europe). GA-Europe will take over the maintenance activities for private aircraft and military aircraft as well as the production and maintenance of the Dornier 228 aircraft at the Oberpf...

Volocopter raised €200 Million in Series D Funding Round

Volocopter announced the signing of their Series D funding round today, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, th...


Etihad Airways accelerates transformation plan to mitigate impact of pandemic

 Etihad Airways has announced its financial and operating results for 2020, recording a 76% fall in passengers carried throughout the year (4.2 million, compared to 17.5 million in 2019) as a result of lower demand and reduced flight capacity caused by the unparalleled global downturn in commercial aviation. As a consequence of the Covid pandemic and ensuing flight and travel restrictions,...

Strategic American Express Ventures investment in Boom Supersonic

Boom Supersonic announced a strategic investment from American Express Ventures. The funds will support the continued development of Boom's flagship product, the supersonic airliner Overture. Overture is Boom's 65- to 88-seat supersonic airliner, capable of running on 100% sustainable aviation fuel. The supersonic aircraft is slated to roll out in 2025 and begin commercial flight...

€500 million Safran loan agreement with European Investment Bank to finance research on future aircraft propulsion systems

The European Investment Bank has given Safran a 500 million euro credit line to finance its research into innovative propulsion systems for the next generation of single-aisle commercial airplanes. This marks a major step forward in Safran's roadmap to achieve carbon-free air transport. The loan agreement underscores the purpose of the EIB, which recently redefined itself as a "...

Resilient sales and deliveries - Daher Kodiak and TBM turboprop-powered aircraft

Daher Aircraft Division announced its 2020 business activity, with the deliveries of 53 aircraft from the Kodiak and TBM single-engine turboprop product lines, as well as orders for another 50 of these aircraft to be delivered in 2021. Last year’s deliveries were led by the TBM 940 and TBM 910, with 42 provided primarily to pilot-owners. The majority of TBMs were for North American c...

Surf Air Mobility enters into definitive agreement to acquire electric aviation pioneer Ampaire

Surf Air Mobility, a platform for regional air travel, announced it has entered into a definitive agreement to acquire hybrid electric aviation technology pioneer Ampaire. The addition of Ampaire's proprietary hybrid electric powertrain technology is a critical component in Surf Air Mobility's plans to dramatically improve the affordability, accessibility, and environmental...

Airbus reported Full-Year 2020 results

Airbus SE reported consolidated Full-Year (FY) 2020 financial results and provided guidance for 2021.“The 2020 results demonstrate the resilience of Airbus in the most challenging crisis to hit the aerospace industry. I want to thank our teams for their great achievements in 2020 and acknowledge the strong support of our Helicopters and Defence and Space businesses. I would also like to than...

MTU Aero Engines presented figures for 2020

MTU Aero Engines presented its preliminary figures for 2020: Revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit1 was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income2 was €294 million in 2020, compared with €538 million in 2019. “Our swift and decisive action in the face of...

Joby Aviation takes key step towards certifying aircraft, generates first revenue

Joby Aviation, developing an all-electric eVTOL aircraft, which it intends to operate as a commercial passenger aircraft in 2024, announced that it has begun generating revenue as part of achieving another major milestone in the Agility Prime program. The company also announced that it has agreed to a ‘G1’ certification basis for its aircraft with the Federal Aviation Adminis...

AURA AERO announces the closing of its Series A funding

AURA AERO, the new digital and eco-efficient aeronautical manufacturer, whose aim is to become a major actor of tomorrow’s aviation, has just closed a hybrid fundraising, and announces the participation, as from this month, of Innovacom, an independant venture capital firm specializing in digital technology.This operation will enable AURA AERO to close its series A funding group, corres...

Skyworks Aeronautics announced $100 Million Investment Commitment from GEM

Skyworks Aeronautics announced a $100 million investment commitment from GEM Global Yield LLC SCS, the Luxembourg based private alternative investment group. Under the agreement, GEM will provide Skyworks Aeronautics with a Share Subscription Facility of up to $100 million for a 36-month term following a public listing of the Skyworks Aeronautics common stock. Skyworks Aeronautics will control the...

Vista Global reports strong growth in 2020

During 2020, VistaJet saw an increase of 29% globally in new subscription memberships year-on-year, with Europe accounting for 43% of new Members, North America 25%, Asia 18% and the Middle East 10%. It was also a record year for VistaJet’s On Demand services, with bookings growing substantially at +15% year-on-year. The Company expects to see a continuation in this extraordinary explos...

Norwegian appreciates support from the Norwegian Government

Norwegian announced that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation. “On behalf of everyone at Norwegian,...

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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 air...

Griffin Global Asset Management orders five Boeing 737-8 jets

Boeing and Griffin Global Asset Management announced the aircraft lessor is expanding its commercial aircraft portfolio with five new 737-8 jets. The purchase is Griffin’s first direct order wit...

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 purpos...

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 l...

Tamarack Aerospace Group exits voluntary bankruptcy and keeps growing

The U.S. Bankruptcy Court for the Eastern District of Washington has granted a Final Decree in the Tamarack Chapter 11 voluntary reorganization, closing the bankruptcy case as the Active Winglet compa...

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...

CDB Aviation and Volaris agree to sale and leaseback of 4 new A320neo aircraft

CDB Aviation announced the signing of a new agreement with Mexico’s number one airline, Controladora Vuela Compañía de Aviación, for the sale and leaseback of four new...