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Skyports raises in excess of $110M in Series C round led by new investment from ACS

Skyports announced that ACS Group has made a substantial equity investment in Skyports, to become the largest investor in the company. ACS Group, which in 2023 generated revenue of $39 billion, has invested via its wholly owned infrastructure development/concessions business IRIDIUM,...

Natilus and MONTE partners to offer leasing of Kona regional blended-wing-body aircraft

Natilus announced a strategic partnership with MONTE Aircraft Leasing. MONTE will provide leasing and financing options for the Kona aircraft to Natilus customers, making the path towards sustainable aviation more attainable. This collaboration between Natilus and MONTE will accelerate the...


TCab Tech closes Series A financing with additional 20 million USD

TCab Tech announces it has raised an additional 20 million USD in its Series A financing. The exclusive investment comes from a strategic investment fund which plans to introduce the air-taxi application in the Middle East region. TCab passenger-carrying E20 eVTOL is a tilt-rotor configuration, a 5-seater (1pilot+4pax) equipped with six rotors, four tilt and two lift rotor...

Abelo expands fleet with acquisition of four ATR72-600 aircraft and welcomes IndiGo as a new partner

Abelo announced the acquisition of four ATR72-600 aircraft through SKY Leasing. This strategic transaction expands Abelo’s portfolio to a total of 57 owned and managed aircraft. All four aircraft are currently on lease to India low-cost carrier, IndiGo.This new partnership with IndiGo is a key part of Abelo's strategic expansion, emphasising our commitment to enhancing regional...

Britten Norman secures new investment

Britten Norman has secured new investment from a group of investors led by 4D Capital Partners LLP (“4D”), a Private Equity firm that focuses on operational improvement and business transformation. The new investors are making funds available to Britten-Norman to fund working capital and to drive successful long-term growth. Britten-Norman Chief Executive, William Hynett OBE, commen...

Rolls-Royce announces investment in large engine assembly, test and shop visit capacity

Rolls-Royce is investing in its assembly, test and shop visit capacity in the UK and Germany to address growing long-term demand for new civil large engines and improve customer aftermarket support services for its global Trent fleet. As outlined at last year’ Capital Markets Day, Rolls-Royce expects an annual increase of 7 - 9% of Rolls-Royce powered aircraft in service for the re...

GE Aerospace to invest over $650M in manufacturing facilities, supply chain in 2024

GE Aerospace announced plans to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers. H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace, commented: “As GE Aerospace prepares to become a standalone company this spring, we are making signi...

Airbus Helicopters and SKYCO Leasing sign for six H175 helicopters

Airbus Helicopters and SKYCO International Financial Leasing, a state-owned enterprise belonging to China's Guangdong Province, have signed a contract for six H175 helicopters. Entrusted by the Guangdong Provincial Government, SKYCO Leasing is in charge of leading the aviation industry development in the province. The versatile H175 helicopters acquired by SKYCO Leasing will be deplo...

Pipistrel Velis Electro serial number 100 enters service

Pipistrel announced completed production of its 100th Velis Electro, world’s first type-certified electric aircraft, marking a significant milestone.Velis Electro serial number 100 has been delivered to valued customer Green Aerolease, French sustainable aircraft rental business with ambitions to accelerate the environmental transition of the aviation industry across Euro...

Elixir Aircraft closes financing for the next 5 years with a budget of 40 Millions euros

Elixir Aircraft has finalized its capital financing of 40 million euros over the next five years. The financing was completed by raising funds from several investors, including Innovacom, Bpifrance and the Nouvelle-Aquitaine Region. These funds will be allocated to the construction of a new factory in La Rochelle, as well as to the recruitment of personnel to expedite delivery rates. The airc...

Financial year 2023 a superlative one for Pilatus Aircraft

The 2023 financial year was marked by major successes for Pilatus. Thanks to high, unbroken demand, 148 aircraft were delivered despite the ongoing challenges of the operating environment. With total sales of 1.478 billion Swiss francs, operating income of 240 million Swiss francs and new orders worth 1.513 billion Swiss francs, Pilatus closed the past year with record results. Hansueli Loosli,...

Safran invests in Avnos, at the forefront of innovation in CO2 capture

Safran, through Safran Corporate Ventures, has invested in Avnos Inc., a California-based startup specializing in CO2 capture from ambient air in a process called Direct Air Capture. The other investors in this funding round are NextEra Energy Resources, LLC, Shell Ventures, ConocoPhillips, Jet Blue Ventures, Envisioning Partners and Rusheen Capital Management. Direct Air Capture is a vi...

Green Aerolease expands its electric aircraft rental offer with new-generation thermal aircraft

Green Aerolease, Europe leading electric aircraft rental company, is extending its offer to include low-consumption thermal-powered flight training aircraft (-50% compared with historical aircraft). Residual CO2 emissions are offset by the use of electric aircraft (via the Aero4Good association). This allows flight clubs and professional flight schools to offer a 0 net emission flig...

Visionary eVTOL influencers seek joint venture partner for wingless personal aircraft using NASA-proven propulsion

The planned joint-venture in Urban Air Mobility space will complete current development work on the Epiphany Transporter, which has recently achieved crucial preliminary design review, then certify the aircraft under the FAA's new and friendlier Light Sport Aircraft category. In lieu of long, burdensome wings, the compact advanced, door-to-door vehicle configuration vaunts morph...

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Top of the week

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...

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...

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...

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....

Archer partnership with Anduril to develop hybrid VTOL military aircraft; raises an additional $430M

Anduril and Archer announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for critical defense applications targeting a potential program of record from the DOD.  With...

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 bat...

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...