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Lilium announces plan for $1 billion commercial deal & strategic alliance with leading Brazilian airline Azul

Lilium GmbH intends to enter into a $1 billion commercial deal and strategic alliance with leading Brazilian airline Azul S.A . It also announced the appointment of Gabrielle Toledano and Henri Courpron to the Board of Directors of Lilium N.V. upon completion of Lilium's...

Airbus reports Half-Year 2021 results

Airbus SE reported consolidated financial results for the Half-Year (H1) ended 30 June 2021. “These half-year results reflect the commercial aircraft deliveries, our focus on cost containment and competitiveness, and the good performance in Helicopters and Defence and Space. Although...


BAA Training secures €31 million financing for its global expansion

BAA Training announced it will be getting financing for its global expansion provided by UK Export Finance (UKEF) and US Apple Bank for Savings. Two companies belonging to Avia Solutions Group (ASG) - BAA Training and ASG Asset Management - were involved in signing the historic agreements with the leading financial institutions.   The €31 million worth deal is one of the most signi...

Pula Aviation acquires a shareholding in Pambele Aviation

Pula Aviation Services Ltd has acquired a shareholding in Johannesburg, South Africa based Air Charter Company, Pambele Aviation. Pambele Aviation provides fully managed air charter services throughout southern Africa including Botswana, RSA, Mozambique and Namibia. In announcing the transaction, Pula Aviation’s Managing Director, Nick Brown explained: “The Pula Group owns a...

Deutsche Post DHL Group record quarterly earnings and once again corona bonus for employees

All divisions achieved a significant jump in earnings All divisions significantly exceeded the previous year's results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean a...

AELIS Group signs a Letter of Intent with AURA AERO for the purchase of 10 INTEGRAL E

AELIS Group, the aviation financing and leasing specialist, has just signed a Letter of Intent for the purchase of ten INTEGRAL E aircraft and an optional ten extra aircraft. Headquartered in Slovakia, AELIS Group offers investment solutions across the world for aircraft owners, operators and investors. AELIS Group has developed a recognized expertise in regional and business aviation. T...

World largest eVTOL aircraft order

Avolon and Vertical Aerospace announced a ground-breaking US$2 billion order for up to 500 electric eVTOL aircraft. This agreement, which is subject to certain closing conditions, will introduce the ultra-short-haul aircraft category to commercial aviation, a game changing development that will revolutionise air travel with zero emissions aircraft.The agreement will combine Avolon’...

JetEdge International announced $150M investment from KKR

JetEdge and KKR, a leading global investment firm, announced that credit funds and accounts managed by KKR have agreed to provide a credit facility of up to $150 million to Jet Edge. The funding will be used to support the acceleration of the Company’s broad infrastructure, digital initiatives, Reserve membership, and comes as Jet Edge rolls out its AdvantEdge charter manageme...

Q1 2021 at Riga Airport - 108 thousand passengers & turnover of EUR 4.3 Million

According to the Airport's unaudited interim report for the first quarter of the year, the impact of the Covid-19 pandemic on the operation of Riga Airport in the first quarter of 2021 remained high, with the Airport operating with a turnover of EUR 4.3 million, which is 14% less than originally planned.  A total of 108 thousand passengers were served at the Airport in the first thre...

CDB Aviation agrees first-ever lease for two A330-300 P2F aircraft with Mexico MasAir

CDB Aviation and its newest customer in the Americas, Mexico-based MasAir, have agreed to a long-term lease for two A330-300 P2F, marking the lessor’s first leasing transaction with an airline operator for the next generation A330 P2F freighter. The A330 P2Fs on long-term lease to its newest customer in the Americas represent the first two positions from CDB Aviation’s agreement w...

Safran acquires stake in SkyFive, a leading provider of high-speed broadband In-Flight Connectivity

Safran announces that its fund, Safran Corporate Ventures, has invested in SkyFive as part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses. SkyFive provides true broadband connectivity services and tec...

To capture strong demand for dedicated freighter aircraft ST Engineering and Temasek to set up JV

ST Engineering announced that its wholly-owned aviation asset management unit has entered into an agreement with Temasek to set up a 50-50 joint venture  for freighter aircraft leasing. The JV will address the growing demand for freighter aircraft as e-commerce and air cargo volumes expand across the globe. The JV targets to build a portfolio valued at about US$600m (or about S$8...

Flexjet and Sentient Jet parent company acquires Halo Aviation

Flexjet and Sentient Jet got a new sister company,Halo Aviation, a leading provider of helicopter transportation services in the United Kingdom. The transaction follows the acquisition earlier this year of Associated Aircraft Group, the premier provider of executive Sikorsky helicopter service in the Northeastern United States. These moves position Flexjet, Sentient Jet and their sister...

FACC on track with revenues and EBIT in the first quarter of 2021

Following the severe slump brought on by the COVID-19 pandemic in the previous year, the aviation market is visibly stabilizing in 2021. FACC AG realigned itself early on in 2020, implementing a far-reaching cost reduction and efficiency enhancement program, and is pursuing long-term sustainable growth with its corporate strategy FACC 2030. Its performance in the first quarter of 2021 is right on...

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Essential news

Fearless Forecasts 2022 predicts continued aviation recovery - Avolon

Avolon issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty...

Transition towards net-zero sustainable fuels - LanzaJet partners Microsoft Climate Innovation Fund

LanzaJet has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investm...

Top of the week

Fearless Forecasts 2022 predicts continued aviation recovery - Avolon

Avolon issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty...

Lockheed Martin Ventures leads series A funding round for Electra.aero

Electra announced that it has received an investment in its Series A funding round from Lockheed Martin Ventures. The funding will support Electra's plans to begin flight testing a full-scale...

Transition towards net-zero sustainable fuels - LanzaJet partners Microsoft Climate Innovation Fund

LanzaJet has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investm...