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JetEdge International announced $150M investment from KKR

JetEdge and KKR, a leading global investment firm, announced that credit funds and accounts managed by KKR have agreed to provide a credit facility of up to $150 million to Jet Edge. The funding will be used to support the acceleration of the Company’s broad infrastructure, digital initiatives...

Q1 2021 at Riga Airport - 108 thousand passengers & turnover of EUR 4.3 Million

According to the Airport's unaudited interim report for the first quarter of the year, the impact of the Covid-19 pandemic on the operation of Riga Airport in the first quarter of 2021 remained high, with the Airport operating with a turnover of EUR 4.3 million, which is 14% less than origi...


CDB Aviation agrees first-ever lease for two A330-300 P2F aircraft with Mexico MasAir

CDB Aviation and its newest customer in the Americas, Mexico-based MasAir, have agreed to a long-term lease for two A330-300 P2F, marking the lessor’s first leasing transaction with an airline operator for the next generation A330 P2F freighter. The A330 P2Fs on long-term lease to its newest customer in the Americas represent the first two positions from CDB Aviation’s agreement w...

Safran acquires stake in SkyFive, a leading provider of high-speed broadband In-Flight Connectivity

Safran announces that its fund, Safran Corporate Ventures, has invested in SkyFive as part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses. SkyFive provides true broadband connectivity services and tec...

To capture strong demand for dedicated freighter aircraft ST Engineering and Temasek to set up JV

ST Engineering announced that its wholly-owned aviation asset management unit has entered into an agreement with Temasek to set up a 50-50 joint venture  for freighter aircraft leasing. The JV will address the growing demand for freighter aircraft as e-commerce and air cargo volumes expand across the globe. The JV targets to build a portfolio valued at about US$600m (or about S$8...

Flexjet and Sentient Jet parent company acquires Halo Aviation

Flexjet and Sentient Jet got a new sister company,Halo Aviation, a leading provider of helicopter transportation services in the United Kingdom. The transaction follows the acquisition earlier this year of Associated Aircraft Group, the premier provider of executive Sikorsky helicopter service in the Northeastern United States. These moves position Flexjet, Sentient Jet and their sister...

FACC on track with revenues and EBIT in the first quarter of 2021

Following the severe slump brought on by the COVID-19 pandemic in the previous year, the aviation market is visibly stabilizing in 2021. FACC AG realigned itself early on in 2020, implementing a far-reaching cost reduction and efficiency enhancement program, and is pursuing long-term sustainable growth with its corporate strategy FACC 2030. Its performance in the first quarter of 2021 is right on...

Pilatus Year 2020 - despite pandemic Top Results

Corona also placed great demands on Pilatus, causing turbulence for the company : Pilatus managed to maintain turnover at 1.1 billion Swiss francs nevertheless, almost the same level as in 2019, and operating income was even slightly better at 155 million Swiss francs. 129 aircraft were delivered in total and the order book is well filled at 1.7 billion Swiss francs. What a year! There cannot b...

Dubai Aerospace Enterprise Orders 15 Boeing 737 MAX Jets

Boeing and Dubai Aerospace Enterprise announced the aircraft lessor is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE's first direct 737 MAX purchase from Boeing as it modernizes its portfolio for better economic and environmental performance....

Boeing forecasts sufficient capital for aviation finance

Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate. "Financiers and investors understand the industry's resilience and the long-term fundamentals that make aircraft a valuable asset class," said Tim Myers, president of...

flypop signs multiple aircraft A330-300 lease deal with Avolon

flypop announced that is has signed a multiple aircraft A330-300 lease deal with Avolon, the world’s third largest aircraft lessor. Based in Ireland, Avolon provides lease and lease management services to airlines and airlines investors globally. The flypop team have been in discussions with a number of leasing companies over the past few months, however Avolon offered the most competit...

Development of Lilium 7-Seater electric vertical take-off and landing jet

Lilium has entered into a definitive business combination agreement with Qell Acquisition Corp., led by Barry Engle, a former president of General Motors North America, is focused on developing next-generation, sustainable mobility. Upon closing of the transaction, the company will be called Lilium, and it is anticipated that ordinary shares will be listed on the Nasdaq under the ticker...

CDB Aviation and SAS expand relationship with new transaction for 4 Airbus aircraft

CDB Aviation announced a new sales and leaseback transaction for a fleet of four Airbus aircraft with its existing customer, Scandinavia’s flagship airline, SAS. The agreement incorporates three A320neo and one A350-900 aircraft. The carrier already took delivery of the A350, with the A320neo aircraft expected to be delivered in the near term. “We are pleased to expand our...

Embraer Earnings Results 4th Quarter and Fiscal Year 2020

The Company operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended December 31, 2020 (4Q20), September 30, 2020 (3Q20) and December 31, 2019 (4Q19), are derived from the unaudited financial statements, except a...

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The drones news

Top of the week

CDB Aviation leases two A320neo aircraft to Aer Lingus

CDB Aviation has agreed to lease two Airbus A320neo aircraft to the Irish flag carrier, Aer Lingus, for delivery during this summer season. The transaction marks the introduction of the first A32...

Electra acquires Airflow to create a leader in Advanced Air Mobility

Electra.aero has acquired California-based Airflow.aero Inc. The transaction, which closed on June 2, creates a powerful addition to the rapidly emerging advanced air mobility (AAM...

Qatar Airways Group announced record profit in its 25 year history of US$ 1.54 Billion

Qatar Airways Group celebrates its milestone 25th Anniversary year of operation with its strongest financial performance reflected in its published annual report for 2021/22, 200 per cent above i...

Wingcopter scores $42M, bringing on board new strategic investors to expand beyond medical drone deliveries

Wingcopter has raised $42 million from renowned financial and strategic investors. The new funding is part of a Series A extension round, tripling the company’s total equity raise to more than $...

Overair receives $145 million investment from Hanwha Group to develop all-electric VTOL aircraft

Overair, announced its most recent funding of $145 million from Hanwha Systems and Hanwha Aerospace, global leaders in ultra-precision communications and aircraft technologies. With this new...

flydubai records exceptional performance in the Q1 of 2022 and prepares for a busy summer

flydubai has recorded an exceptional performance in the First Quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capa...

Zero-emission aircraft leasing - ZeroAvia & MONTE to jointly market hydrogen-electric aircraft to regional operators

ZeoAvia has signed an agreement with MONTE Aircraft Leasing, partners will offer aircraft leasing and financing solutions that enable operators to run zero-emission flights. Under the deal, MONTE...