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Air to Jet Fuel: United announces investment in power-to-liquid fuels company Twelve

United invests in next generation blended wing aircraft start-up JetZero

United announced an investment in blended wing body aircraft start-up JetZero. The company is creating an aircraft design that has the potential to deliver jet fuel efficiency and a greatly enhanced customer experience. The investment includes a path to order up to 100 airplanes and an opt...

Boeing to sell portions of Digital Aviation Solutions to Thoma Bravo for $10.55 billion

Boeing entered into a definitive agreement to sell portions of its Digital Aviation Solutions business, including its Jeppesen, ForeFlight, AerData and OzRunways assets, to Thoma Bravo, a leading software investment firm. This all-cash transaction is valued at $10.55 billion. Boeing will r...

Electra raises $115 million to pioneer world’s first ultra short aircraft

Electra has secured $115 million in Series B funding to enter the pre-production and certification phase of the EL9, the first-ever Ultra Short aircraft, which can take off and land in 150 feet – roughly 10% of the footprint required for similarly-sized legacy airplanes. The round was led by Prysm Capital, and Jay Park, Co-Founder and Managing Partner at Prysm, has joined Electra’...

Jackson Square Aviation orders 50 A320neo family aircraft

Jackson Square Aviation has placed a firm order for 50 A320neo Family aircraft. The agreement is JSA’s first direct order with Airbus, making the lessor a new Airbus customer. Kevin McDonald, JSA’s Chief Executive Officer, commented: “this is an exciting milestone in JSA’s history as a longtime global leader in the sale and leaseback financings of Airbus a...

CDB Aviation delivers second A320neo to Colorful Guizhou Airlines

CDB Aviation delivered an Airbus A320-251N to Chinese airline customer Colorful Guizhou Airlines. The A320neo launches the carrier’s new Head of Version by Colorful Guizhou Airlines cabin design that aims to provide passengers with more comfort and an upgraded onboard experience. CDB Aviation’s Head of Commercial, Greater China Michelle Wu and Colorful Guizhou Airli...

ACIA Aero Leasing places ATR72-500 Bulk Freighter with Canada’s KF Aerospace

ACIA Aero Leasing announced the sale and delivery of an ATR 72-500 Bulk Freighter (MSN736) to Canadian aerospace and defence company, KF Aerospace. The aircraft will be introduced into KF’s operational fleet as early as April 2025 as part of a renewed contract with Purolator to transport air cargo in the Canadian province of British Columbia.  Michael Mooney, Chief Executive Off...

Vertical Aerospace announced closing of upsized $90M underwritten public offering

Vertical Aerospace announces the closing of its previously announced underwritten public offering for total gross proceeds of $90 million, before deducting underwriting discounts and commissions and other offering expenses. The amount raised was increased from an initial launch target of $75 million, reflecting strong investor demand. The $90 million raise includes over $60 million from new i...

KlasJet strengthens partnership with Sun D’or by EL AL Group leasing fourth aircraft

KlasJet has further strengthened its strategic partnership with Sun D’or by EL AL Group. The collaboration continues with KlasJet leasing a fourth Boeing 737-800 aircraft. Set for the period of December 28, 2024, to March 31, 2025, the lease is a direct response to heightened travel demand during the winter months. KlasJet and Sun D’or by EL AL Group first partnered in May 2024 to...

Abelo expands fleet and converts ATR 42 STOL order

ATR and Abelo have strengthened their partnership with significant fleet updates. Abelo has converted its initial order for 10 ATR 42 Short Take-Off and Landing aircraft into a mix of five ATR 42-600 and five ATR 72-600. Additionally, Abelo has expanded its fleet by firming up orders for three ATR 72-600. This strategic decision, finalised in late 2024, underline...

Avolon and Air New Zealand agree clean tech aircraft partnership

Avolon and Air New Zealand have agreed a memorandum of understanding to partner on research to support the commercialisation of electric aircraft, and other novel propulsion technologies including battery hybrid and hydrogen. The agreement alsoincludes the signing a letter of intent for the sale and leaseback of a BETA Alia CX300 electric cargo aircraft. The conventional take-off and landi...

DAE signs definitive agreement to acquire Nordic Aviation Capital

Dubai Aerospace Enterprise announced the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group of companies, an aircraft leasing company formed over 30 years ago. Terms of the transaction were not disclosed. As of September 2024, NAC’s fleet comprised of 252 owned and committed assets on lease to approximately 60 airline customers in approximately 40 cou...

Vertical Aerospace finalises investment agreement

Vertical Aerospace has entered into definitive documents and received shareholder approval for a transaction that includes up to $50 million in new committed funding. This announcement marks the significant advancement of the agreement in principle, announced in November, aimed at strengthening Vertical’s balance sheet by approximately $180 million and accelerating the Company&rsqu...

Lilium achieves breakthrough in investor search

Lilium announced the signing of an asset purchase agreement with Mobile Uplift Corporation, a company set up by an experienced consortium of investors from Europe and North America. Mobile Uplift Corporation intends to acquire the operating assets of the Subsidiaries Lilium and Lilium eAircraft. Subject to the satisfaction of certain conditions precedent, Lilium expects that the Agr...

Horizon Aircraft secures $8.4 million strategic investment

Horizon Aircraft has received an investment from a strategic investor and aerospace supporter, for aggregate proceeds of $8.4 million. The strategic financing will fortify Horizon Aircraft’s balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7.  Brandon...

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Essential news

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

iOS Apps development in Riga, Latvia

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MTU Maintenance Lease Services invests in TRecs to digitalise engine transition management

MTU Maintenance Lease Services, the engine leasing and asset management arm of MTU Maintenance, announced a strategic minority investment in TRecs . TRecs is a platform digitalising Open Ite...

WingsLeasing signs dry lease agreement with University of Nebraska-Kearney flight school

WingsLeasing announced the signing of a dry lease agreement of seven Tecnam P-MENTOR aircraft for the University of Nebraska-Kearney flight training program, marking a significant step forward in resh...

Emirates breaks ground on US$ 5.1 billion ultra-modern engineering facility at Dubai South

Emirates has broken ground on its new US$ 5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced MRO facility, cementing Emirates' and Duba...

AURA AERO scales up: Series B completed, first firm orders, and two industrial sites to be built in France and the U.S.

AURA AERO is entering a new phase. Thanks to a new €50 million funding round, grants secured in France and Europe, and financial support from the State of Florida for its U.S. plant, AURA AERO ha...

AerCap orders 100 additional Airbus A320neo family aircraft

AerCap has signed a firm order with  Airbus for 23 A320neo and 77 A321neo aircraft. This transaction underscores AirCap’s strategy of investing in the world's most in-demand, fuel-effic...

TrueNoord places firm order for 20 Embraer E195-E2 aircraft and secures purchase rights for up to 30 additional jets

TrueNoord has signed a firm order agreement with Embraer to acquire twenty factory-new E195-E2 aircraft. The agreement also includes purchase rights for up to twenty additional new E195-E2 aircra...

Aviation Capital Group orders 50 Boeing 737 MAX aircraft

Boeing and Aviation Capital Group LLC announced the airplane lessor has placed a new order for 50 737 MAX jets, including 25 737-8 and 25 737-10 airplanes. The acquisition of 50 additional jets i...