South Yorkshire Mayor Oliver Coppard and the South Yorkshire Mayoral Combined Authority have approved a package of investment and support for plans by Hybrid Air Vehicles to produce its pioneering new low carbon aircraft, Airlander 10, in Doncaster. HAV is a UK-based leader in sustain...
Boeing released the 2023 Commercial Aircraft Finance Market Outlook showing another year of recovery and increased demand from aircraft financiers and investors. The 2023 CAFMO is Boeing's annual review of aircraft financing trends and assesses near-term market dynamics and financing s...
Another significant UK investment and innovation milestone with the opening of the Vertical Energy Centre, believed to be the UK’s most advanced aerospace battery facility, based in Bristol. The multi-million-pound, 15,000ft2 facility, is one of the only dedicated aerospace battery facilities in the UK. It is home to Vertical’s current 50-strong battery team – drawn fro...
LCI is set to deliver two new Leonardo AW139 helicopters on long-term lease to Babcock Australasia in Australia in early 2024. The aircraft, which are valued at over US$40 million, will be deployed by Babcock on mission critical and socially responsible Emergency Medical Services operations. The Leonardo AW139 combines flexibility, high performance, proven technologies, and excep...
Sumitomo Corporation invested in Volocopter Series E Funding round. They will also become a key strategic partner for entry into service in the Japanese market starting in 2025. Additionally, Japan Civil Aviation Bureau has accepted Volocopter’s application for concurrent type certification of the VoloCity aircraft in Japan. To celebrate these milestones, Volocopter will...
Dronamics has raised a total of $40 million in pre-Series A funding from venture capital funds and angel investors from 12 countries as the company approaches its upcoming Series A round. This amount includes funds received from Founders Factory, Speedinvest, Eleven Capital, and most recently the Strategic Development Fund (SDF), the investment arm of the Tawazun Council, Abu Dhabi, Unit...
Avolon has completed the delivery of 5 new Boeing 737-8 MAX aircraft to Akasa Air, India’s newest airline.Delivery of the aircraft commenced in December 2022 and was completed in January 2023. This sale and leaseback transaction is Avolon’s first deal with Akasa. Paul Geaney, President and Chief Commercial Officer at Avolon commented: “We are excited to support...
As part of Daher “Take off 2027” strategic plan, the company signed of an agreement to acquire Assistance Aéronautique et Aérospatiale, a leading global player in manufacturing services for civil and defense aeronautics. AAA provides complete service solutions that are complementary to those of Daher – in particular for the assembly and installation o...
Dufour Aerospace successfully completed a Series B investment from Vista further supporting the continued development of sustainable aviation technologies. In addition to Vista, the existing investors and two new investors participated in the funding round. Vista’s investment and deep industry experience provides valuable support in expanding the considerable potential of Dufour&nb...
Embraer announced an initial investment in the MSW MultiCorp 2 of R$ 20 million (around US$ 4 million), to attract and boost innovative Brazilian startups that synergize with the company's innovation strategy. Embraer has strengthened its role in promoting entrepreneurship in the Brazilian ecosystem, not only by making investments but creating partnerships with entrepreneurs interested in work...
REGENT announced a strategic investment from Japan Airlines Innovation Fund, a strategic fund that is the venture arm of Japan Airlines (JAL), one of the world’s premier carriers. This investment in REGENT serves as a first step in the exploration of incorporating seagliders into JAL’s global network and highlights its commitment to sustainable transportation. With this investment...
Portside has acquired SeaGil Software Company and its BART scheduling software product suite. Portside’s investment signifies another step the company is taking to expand its product suite which supports business, private, and government aviation flight departments. The investment will support the continued growth of Portside’s customer base of Part 135 and Part 91 flight dep...
LCI has signed an agreement with Elroy Air to acquire up to 40 of the company Chaparral VTOL aircraft. LCI’s investment in Elroy Air’s system underpins the Company’s long-term commitment to sustainable growth and innovation. Under the terms of the deposit-backed agreement, LCI will initially acquire 20 aircraft with an option for a total of up to 40 units. The...
Digital at BT has entered into a £5 million deal with Altitude Angel to accelerate and support plans for Skyway corridor development - UK drone superhighway, set to be the largest and longest network of its kind in the world. UTM is the software platform and infrastructure needed to allow drones to fly safely, without a pilot, over large distances. The £5 million de...
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ZeroAvia has completed its Series C funding round at a total of $116m. The UK Infrastructure Bank joins the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustaina...
