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

Lufthansa Technik invests millions in new location in Portugal

The construction of a new facility roughly 35 kilometers south of Porto will further expand Lufthansa Technik's capacities for the repair of engine parts and aircraft components in line with the company's strategy. The future plant of Lufthansa Technik Portugal is expected to be completed by...

Advanced Air Mobility sector universally seen as attractive market for investment

AAM market is growing rapidly, as is the regulatory framework for the sector, and as a result of this, all of the fund managers interviewed agree that the AAM sector is becoming an increasingly more attractive market to invest in. The finding comes from new global research from New Ho...

Eve announces additional US$35 Million from BNDES Line to support eVTOL development in 2025

Eve Air Mobility announced a US$35 million* fund from Brazil’s National Development Bank, further solidifying its financial position for continued eVTOL development. This second-phase funding follows a US$92.5 million line of credit secured in 2022 for R&D and a recent US$50 million investment from Citibank, both dedicated to supporting Eve's eVTOL development program. This...

CDB Aviation sells two A330-200s to National Airlines

CDB Aviation announced the completion of a sale transaction for two Airbus A330-200 aircraft with National Airlines.Florida-based cargo and passenger charter services operator took delivery of the Rolls-Royce Trent 700 engine-powered versions of the aircraft in July and November 2024 and plans to deploy the two widebodies to provide charter transportation services. CDB Aviation Chief Execu...

LCI acquires and leases seven new Leonardo AW169 helicopters to Babcock Canada

LCI has purchased a fleet of seven, new emergency medical services configured Leonardo AW169 helicopters. The helicopters are being placed in LCI’s joint venture with SMFL: SMFL LCI Helicopters Limited.  The joint venture has acquired the aircraft and will be leasing them to Babcock Canada. Babcock has been subcontracted by Ascent Helicopters, who will be provid...

BETA Technologies raises more than $300M in additional equity capital to fund growth and commercialization

Beta Technologies has raised $318 million in Series C equity capital. QIA led the raise and several of BETA’s largest investors, including Fidelity Management & Research Company and TPG Rise Climate increased their ownership in BETA. Longtime customer United Therapeutics has also joined this round as an investor. The financing round was priced at an increased valuation relative to prior...

DAE signs lease agreements with Hainan Airlines for four new Boeing 737-8 aircraft

Dubai Aerospace Enterprise announced the signing of lease agreements with Hainan Airlines for four new Boeing 737-8 aircraft, scheduled for delivery in the fourth quarter of 2025 and the first quarter of 2026. Firoz Tarapore, Chief Executive Officer of DAE, commented: “We are pleased to further strengthen our partnership with Hainan Airlines. This agreement reflects the strong relati...

Embraer to invest up to $70 million in new MRO facilities for commercial jets at Perot Field Alliance Airport in Fort Worth, Texas

Embraer announced the expansion and investment in the United States of its MRO services network to support the growing fleet of E-Jets with the opening of a new Embraer owned service center at the Perot Field Alliance Airport, in Fort Worth, Texas. In partnership with the City of Fort Worth, Denton County and the State of Texas, Embraer expects to begin operations in an existing hangar in the...

Britten-Norman secures investment to ramp up Islander production and expand aftermarket operations

Britten-Norman has successfully completed its second funding round, securing significant capital from Northern Ireland based Beechlands Enterprises. The investment will accelerate production of the iconic Islander aircraft and transform aftermarket business. Britten-Norman will scale manufacturing operations in the UK up to eight aircraft a year in phase one. Manufacturing will be focussed pr...

Toyota to invest $500 million in Joby Aviation

Toyota Motor Corporation and Joby Aviation announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility. The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other...

Elixir Aircraft signs contract with Leading Edge Aviation for 5 aircraft, financed by Green Aerolease

Elixir Aircraft has signed a contract for the operation of five Elixir by Leading Edge Aviation, a training centre based in the UK and Spain, which has confirmed its intention to renew its fleet with Elixir Aircraft. This tripartite contract has also been signed with Green Aerolease. Leading Edge is thus the launch customer for Elixir Aircraft and Green Aerolease new rental offer. Leadin...

Pyka secures $40M series B to advance commercialization of dual-use autonomous electric aircraft

Pyka announced a $40M Series B raise. The funding round was led by Obvious Ventures, with participation from both new and existing investors, including Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator. Pyka is rapidly commercializing autonomous electric aircraft by applying its technology to many of the world's most critical flight missions, including agricu...

Global Jet Capital completes securitization, raising $617M

Global Jet Capital announced the closing of its BJETS 2024-2 securitization, raising approximately $617 million. BJETS 2024-2 is Global Jet Capital’s eighth asset-backed security offering, bringing total assets securitized to approximately $5.8 billion and bonds issued to approximately $4.8 billion. The BJETS 2024-2 offering contained three tranches of notes: a $490.4 million...

Avolon to acquire portfolio of 118 aircraft

Avolon announced an agreement to acquire Castlelake Aviation Limited, an entity managed by Castlelake L.P., the global alternative investment manager.CA Ltd’s total assets as of 31 March 2024 were US$5.0 billion, which included a portfolio of 105 aircraft on lease, commitments for 13 new-technology aircraft, 2 engines on lease, and 9 loans. The portfolio is 68% narrowbody aircraft,...

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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...

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...

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...

Vertical Aerospace insiders increase their shareholding in EVTL by 50% in November

16 members of Vertical Aerospace Board of Directors and senior leadership team completed open-market purchases of the Company’s ordinary shares over a two-week open trading window period in Nove...