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ACS Aviation growth plans get airborne following one million pound investment

ACS Aviation, Scotland's leading flying school and aircraft maintenance company has set a course to become one of the leading commercial flying schools in Europe following a one million pound investment in aircraft, airside facilities and online presence.  Founded in 2007 the company has...

Qatar Airways wants to buy a 25% stake in Moscow's Vnukovo airport

Qatar Airways has bought a 25 per cent stake in one of Moscow’s largest airports for an undisclosed sum as the company attempts to overcome the Gulf blockade of the emirate. This reported by Financial Times. Akbar Al Baker, chief executive of Qatar Airways, said on Monday that the airline e...


Boeing HorizonX Invests in Australia-based Nanosatellite Communications Startup Myriota

First non-U.S. investment by Boeing HorizonX Ventures; 10th investment since its launch in April 2017 Direct-to-orbit connectivity enables IoT accessibility for remote locations Myriota joins Boeing's growing technology ecosystem in Australia Boeing announced its investment in Adelaide, Australia-based Myriota, an Internet of Things (IoT) startup seeking to revolutioniz...

Rolls-Royce breaks ground on new testbed as part of £150m investment in UK aerospace facilities

Rolls-Royce today welcomed Business Secretary, Greg Clark to Derby to celebrate the start of work on its new testbed facility. The plans for the testbed were announced in June 2017 as part of a wider £150m investment in UK aerospace facilities. The new testbed, which is expected to be commissioned in 2020, will support Rolls-Royce’s ongoing industrial transformation and will provide...

New Owner: Great Plans for Diamond Aircraft

End of 2017 Wanfeng Aviation Industry Co., Ltd. acquired Diamond Aircraft Industries GmbH (DAI Austria), Diamond Aircraft Inc. (DAI Canada) and Austro Engine GmbH (AE). The new owner introduces the future group strategy with a focus on continued growth and DAI Austria as global headquarters, where it will continue to develop new technologies and aircraft models, including the DART civil turboprop...

AviaAM Financial Leasing China delivered three brand new Airbus A320 aircraft to Aeroflot - Russian Airlines

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, announces that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently delivered three brand-new Airbus A320-214 aircraft to the Russian flag carrier Aeroflot – Russian Airlines. Aircraft bearing manufacturer’s serial...

XTI Aircraft Company to file with SEC to increase share price

XTI Aircraft Company (XTI) announced it is preparing to file papers with the U.S. Securities and Exchange Commission to increase the price of its shares from $1.00 to a minimum of $1.50.  The share price will remain at $1.00 for a period of weeks until XTI finishes preparing its audited financials and submits its filing to the SEC.  When the SEC approves the incr...

Air Arabia Plans for More Destinations and a Bigger Fleet

The aviation industry is one where the potential for profit is great, but it is also extremely competitive and faces some serious challenges in the short to medium term. Whilst areas like private jet charter are growing, there are issues with capacity and companies must box clever if they are to expand at a rate that matches demand, as is currently the case with Middle Eastern carrier, Air Arabia....

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward ground testing those components. “In this Phase 2,” explained Robert LaBelle, Chief Executive Officer of XTI, “we’re fabricating the wing ducts and fans and will perform gro...

Step forward in financial strategy, revolving credit facility renegotiated

Significant reduction of margins, down 25bp, and positive effects expected on the financial charges Size reduced, down to €1.8bn, and duration extended to 2023  ​ Leonardo signed a new Revolving Credit Facilities with a pool of domestic and international banks. The RCF envisages the payment of a spread of 75 basis points above Euribor, 25 basis point l...

Boeing HorizonX Invests in Advanced Battery Technology Startup Cuberg

High-energy battery could accelerate the electrification of transportation Boeing announced its investment in Berkeley, Calif.-based Cuberg, Inc., a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced battery cell that is designed to be a d...

Magnetic MRO continues to grow with a new strategic investor

Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”). Magnetic MRO has grown over the past 5 ye...

SmartLynx signs wet lease agreement with German leisure airline Condor

In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airlines Condor Flugdienst GmbH. According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to CONDOR an Airbus A321 with Latvian Registration mark YL-LCQ /MSN 2211 from 7 January to 31 March 2018. The aircraft will operate from the base in Munich Air...

Diamond Aircraft Group acquired by Wanfeng Aviation Industry

Diamond Aircraft Industries GmbH (Austria) and Wanfeng Aviation Industry Co., Ltd., are delighted to jointly announce the completion of the acquisition of Diamond Aircraft Group by Wanfeng Aviation Industry Co., Ltd. This acquisition assures the continued long term future of the Diamond brand, with plans to increase global sales volume, expansion of the distribution and support networks, and conti...

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Essential news

Heligo receives its first Airbus H145 helicopter from Milestone Aviation

Heligo Charters Private Limited (HCPL), a Mumbai-based non-scheduled helicopter operator has taken delivery of its first H145 helicopter. The helicopter’s configuration will allow it to perfo...

Top of the week

MTU Maintenance excels in healthy engine aftermarket

 MTU Maintenance once again broke records in 2018. The MRO division of MTU Aero Engines AG secured around 4.4 billion US dollars in MRO contract wins, surpassing the 4 billion mark for the first...