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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 A...

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 acknowled...


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,...

Six Fearless Forecasts set for 2021 including the expected growth in aircraft leasing to finance airline fleet renewal

Avolon issued its 2021 outlook paper titled ’Looking to Recovery’. The paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying themes that are likely to shape the year ahead and setting out six ‘Fearless Forecasts’ for 2021. Jim Morrison, Head of Portfolio Management at Avolon and author of the 2021 Outlook Pa...

Preowned Aircraft Transactions spiked as 2020 ended - IADA

Following the abrupt pandemic-induced plunge in preowned aircraft sales in March 2020, members of the International Aircraft Dealers Association (IADA) experienced a rising wave of transactions, highlighted by a fourth quarter surge of 554 closed deals. IADA began tracking sales metrics in April on a monthly basis as a result of the volatile used aircraft sales transactions caused by the impact...

Exceptional capital strength positions Avolon for 2021

Exceptional Capital Strength Positions Avolon for 2021 Dómhnal Slattery, CEO Avolon, commented: “2020 was the most challenging year the commercial aviation industry has ever faced. The level of airline distress truly tested the resilience of the leasing sector business model. Through Avolon’s decisive actions to reduce our capital commitments, strengthen our liquidity an...

Lufthansa raised 500 million euros in aircraft financing in the second half of 2020

Since July 2020, Deutsche Lufthansa AG has raised a total of around 500 million euros by using aircrafts as security in eight financing transactions. This enabled the Group to secure additional funds on top of the 1.6 billion euros raised via a convertible bond and a corporate bond. The five Airbus A350s and three aircraft from the A320 family were used as securities for various financing instr...

Jet It dominates fourth quarter with over $36 million investment in HondaJet acquisitions

Jet It, founded by industry veterans Glenn Gonzalesand Vishal Hiremath in 2018, continued its rapid growth with the delivery of six new HondaJets during the final quarter of 2020. The investment is valued at over $36 million, and with the delivery of the additional six aircrafts, the young company more than doubled its fleet in 2020 and met its goal of ten aircraft in operation...

DAE delivers first of 18 Boeing 737 MAX 8 aircraft to American Airlines

Dubai Aerospace Enterprise (DAE) Ltd. announced that it has delivered the first of 18 Boeing 737 MAX 8 aircraft to American Airlines as part of the Purchase and Leaseback agreement signed with American in the third quarter of this year. Delivery of the remaining aircraft is expected to be completed in the coming months. Firoz Tarapore, Chief Executive Officer of DAE commented: “We are del...

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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...