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Ascendance Flight Technologies raises €21 million for further development & industrialization of its sustainable solutions

Pratt & Whitney Business announces plans for $255M investment in Oklahoma City sustainment center

Pratt & Whitney announced its plans to invest $255 million through 2028 in a world-class sustainment facility in Oklahoma City, Okla. The new 845,000-square-foot facility will act as a hub for depot operations for all Pratt & Whitney military engines, including those for the F-35, C-17,...

Air Lease Corporation completes first ever North American corporate sukuk offering

Air Lease Corporation completed its inaugural sukuk issuance. The transaction, settled on March 15, 2023, represented the first ever offering of its kind into the Middle East market from a North American corporate and the largest sukuk from a US-based borrower in history. The offering cons...

South Yorkshire Mayor and local leaders approve £7m investment in Hybrid Air Vehicles’ Airlander aircraft project

South Yorkshire Mayor Oliver Coppard and the South Yorkshire Mayoral Combined Authority have approved a package of investment and support for plans by Hybrid Air Vehicles to produce its pioneering new low carbon aircraft, Airlander 10, in Doncaster. HAV is a UK-based leader in sustainable aircraft technology and the Airlander 10 is an ultra-low emissions aircraft, capable of carryin...

Resiliency and increased growth for aircraft finance - Boeing forecast

Boeing released the 2023 Commercial Aircraft Finance Market Outlook showing another year of recovery and increased demand from aircraft financiers and investors. The 2023 CAFMO is Boeing's annual review of aircraft financing trends and assesses near-term market dynamics and financing sources for new commercial airplane deliveries. Rich Hammond, vice president of Customer Finance a...

UK most advanced aerospace battery facility - Vertical Energy Centre now opened

Another significant UK investment and innovation milestone with the opening of the Vertical Energy Centre, believed to be the UK’s most advanced aerospace battery facility, based in Bristol. The multi-million-pound, 15,000ft2 facility, is one of the only dedicated aerospace battery facilities in the UK. It is home to Vertical’s current 50-strong battery team – drawn fro...

LCI to deliver two new AW139 helicopters for lease to Babcock Australasia

LCI is set to deliver two new Leonardo AW139 helicopters on long-term lease to Babcock Australasia in Australia in early 2024. The aircraft, which are valued at over US$40 million, will be deployed by Babcock on mission critical and socially responsible Emergency Medical Services operations. The Leonardo AW139 combines flexibility, high performance, proven technologies, and excep...

Volocopter in Japan: Series E investment and regulatory pathway set

Sumitomo Corporation invested in Volocopter Series E Funding round. They will also become a key strategic partner for entry into service in the Japanese market starting in 2025. Additionally, Japan Civil Aviation Bureau has accepted Volocopter’s application for concurrent type certification of the VoloCity aircraft in Japan. To celebrate these milestones, Volocopter will...

Dronamics raises $40 million in pre-Series A funding to launch Europe first middle-mile drone deliveries

Dronamics has raised a total of $40 million in pre-Series A funding from venture capital funds and angel investors from 12 countries as the company approaches its upcoming Series A round. This amount includes funds received from Founders Factory, Speedinvest, Eleven Capital, and most recently the Strategic Development Fund (SDF), the investment arm of the Tawazun Council, Abu Dhabi, Unit...

Avolon delivers five Boeing 737-8 MAX aircraft to Indian Akasa Air

Avolon has completed the delivery of 5 new Boeing 737-8 MAX aircraft to Akasa Air, India’s newest airline.Delivery of the aircraft commenced in December 2022 and was completed in January 2023. This sale and leaseback transaction is Avolon’s first deal with Akasa. Paul Geaney, President and Chief Commercial Officer at Avolon commented: “We are excited to support...

Daher strengthens its position in industrial services with the planned acquisition of Assistance Aéronautique et Aérospatiale

As part of Daher “Take off 2027” strategic plan, the company signed of an agreement to acquire Assistance Aéronautique et Aérospatiale, a leading global player in manufacturing services for civil and defense aeronautics. AAA provides complete service solutions that are complementary to those of Daher – in particular for the assembly and installation o...

Accelerating growth - Dufour Aerospace closes new investment from Vista

Dufour Aerospace successfully completed a Series B investment from Vista further supporting the continued development of sustainable aviation technologies. In addition to Vista, the existing investors and two new investors participated in the funding round. Vista’s investment and deep industry experience provides valuable support in expanding the considerable potential of Dufour&nb...

Embraer invests in a fund managed by MSW and strengthens its Corporate Venture Capital program

Embraer announced an initial investment in the MSW MultiCorp 2 of R$ 20 million (around US$ 4 million), to attract and boost innovative Brazilian startups that synergize with the company's innovation strategy. Embraer has strengthened its role in promoting entrepreneurship in the Brazilian ecosystem, not only by making investments but creating partnerships with entrepreneurs interested in work...

REGENT secures strategic investment from Japan Airlines Innovation Fund

REGENT announced a strategic investment from Japan Airlines Innovation Fund, a strategic fund that is the venture arm of Japan Airlines (JAL), one of the world’s premier carriers. This investment in REGENT serves as a first step in the exploration of incorporating seagliders into JAL’s global network and highlights its commitment to sustainable transportation. With this investment...

Portside acquires SeaGil Software Company, expanding its portfolio of software solutions for business, private and government aviation

Portside has acquired SeaGil Software Company and its BART scheduling software product suite. Portside’s investment signifies another step the company is taking to expand its product suite which supports business, private, and government aviation flight departments. The investment will support the continued growth of Portside’s customer base of Part 135 and Part 91 flight dep...

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Essential news

Avolon places landmark order for 110 Airbus A320neo and A330neo aircraft

Avolon, one of the world’s leading aviation finance companies, has reinforced its long-term growth strategy with a firm order for 110 Airbus aircraft, including 35 A330-900 widebodies and 75 A32...

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airBaltic files first monthly operating reports with U.S. court and publishes preliminary unaudited financial information

Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...