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Ampaire receives order from MONTE for up to 50 Eco Caravans

Flexjet to become a public company via business combination with Horizon Acquisition Corporation II

Flexjet and Horizon Acquisition Corporation II announced a definitive businesscombination agreement that will result in Flexjet becoming a publicly listed company. Upon the closing of the transaction, Flexjet is expected to be listed on the NYSE under the ticker symbol “FXJ...

Pilatus acquires American sales and service centre Skytech Inc.

Founded in 1976, Skytech Inc. is a specialist service provider and aircraft vendor with two locations in the US states of Maryland and South Carolina. As part of an upcoming succession plan, Pilatus has decided to take over Skytech, and the entire workforce of 120 or so will continue to be employed...

Embraer invests in XMobots, a reference company in the development of mobile robotics and drones

Embraer signed of an investment agreement to acquire a minority shareholding in XMobots, the largest drone company in Latin America with operations in São Carlos, in the countryside of São Paulo. The deal aims to accelerate the future of the medium and large autonomous drone market and jointly explore new market niches. It also seeks to expand the collaboration network in t...

CDB Aviation completed deliveries of Ten A320-200 aircraft to Indonesia Super Air Jet

CDB Aviation delivered the last of ten Airbus A320-200 aircraft to Indonesia’s newest low-cost airline, Super Air Jet (“SAJ”). The aircraft were delivered to the carrier over a period of 18 months and are meant to support the development of Super Air Jet as a leading airline supporting the growth of domestic traffic in fast growing Indonesia as the region’s m...

CHC Helicopter completes $500,000,000 recapitalization

CHC Group LLC announce a comprehensive recapitalization transaction to significantly reduce its funded debt obligations by up to $500 million subject to regulatory approvals. As part of the recapitalization, a substantial portion of CHC’s existing debt and equity holders agreed to provide over $100 million in new money and liquidity enhancing commitments, consisting of $60 million in an init...

Aero secures $65M in Series B financing to accelerate the future of premium air travel

Aero Technologies announced a $65M capital raise, $50M in Series B funding and $15M in convertible notes, for a total post-money valuation of $300M. The funding round was co-led by AlbaCore Capital Group, one of Europe’s leading alternative investment firms, and returning investors Expa and Keyframe Capital, with new investment from Capital One Ventures. Inspired by the golden age of...

Jet Token secures $40mm commitment for post IPO funding

Jet Token Inc. announced it has entered into a $40 million investment commitment from GEM Global Yield LLC SCS, the $3.4 Billion, Luxembourg based, private alternative investment group with offices in Paris, Nassau, New York, and Los Angeles. Under the share subscription facility, Jet Token Inc. will have the right to periodically sell to GEM up to $40 million of common stock during a 36-mont...

Kickstart the decarbonisation of aviation - SDF & Motus Ventures investment in Cranfield Aerospace Solutions

Cranfield Aerospace Solutions has secured investment from the Strategic Development Fund, the investment arm of the Tawazun Economic Council of the UAE, and Motus Ventures, taking the current investment round to £14.4million. CAeS is a pioneer in aerospace design and the manufacture of new aircraft design concepts, complex modifications to existing aircraft and integration of cutting-edge...

Archer received $10 million pre-delivery payment from United Airlines for 100 eVTOL aircraft

Archer Aviation has received a $10 million pre-delivery payment from United Airlines for 100 of the company’s initial production eVTOL aircraft. The payment represents a watershed moment for the eVTOL industry, validating confidence in the commercialization of eVTOL aircraft and Archer’s leadership. United is making the deposit on 100 of Archer’s production aircraft which it agre...

Sevenair Group announces the closing of 2021 fiscal year with substantial growth

Sevenair Group announced oficial financial results of 2021 which registered an increase of 37% of revenue and an EBITDA increase of 263%. “2021 was a year where all industries were still much affected by the pandemic and in particular the aviation industry and considering that is with a lot of pride that we see these results. They are fruit of the coninuous efforts of all that integr...

Horizon Aircraft & Astro Aerospace - binding agreement for reprivatization

Horizon Aircraft Inc. has entered into a binding agreement with its parent company, Astro Aerospace Ltd and several of Astro’s key shareholders whereby Astro has agreed to sell 100% of the equity of Horizon to the Purchasers in exchange for certain Astro public securities and a fraction of the ownership of the newly privatized Horizon. Brandon Robinson, CEO of Horizon Aircraft,...

Agility completes £763 Million acquisition of Menzies Aviation, creating world largest aviation services provider

Agility has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services business to create a world leader in aviation services in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by number of countries a...

American Airlines announced investment in hydrogen-electric engine developer ZeroAvia

American Airlines announced its investment inZeroAvia. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. The engines are intended to power regional jet aircraft with zero emissions. Derek Kerr, American’s Chief Financial Officer, commented: &...

ST Engineering joins list of Skyports investors with USD 3.13M in final close of Series B

Skyports has completed the final close of its Series B capital raise with fresh investment from ST Engineering through its Corporate Venture Capital unit, ST Engineering Ventures. ST Engineering, which has over 45 years of experience in the aerospace industry, will join as the final investor in Skyports’ Series B funding round, following the first close in March this year. The...

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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...