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Etihad Cargo posts record mid-year revenue

Investors respond with enthusiasm to CubCrafters anticipated public offering

CubCrafters, the leading designer and manufacturer of Light-Sport, Experimental, and Part 23 Certified backcountry aircraft, announced at EAA annual AirVenture that it would invite outside investment for the first time in its 42-year history. In the first 48 hours since that announcement,...

AeroVanti Air Club announces $9.75M funding round

AeroVanti Air club has engaged Network1 Financial Securities Inc. to raise up to $9.75 million in a Series A fundraising round. The company believes this capital infusion will position the charter aviation club, which has experienced 20X growth since launching in June 2021, to continue to...

Universal Hydrogen and Avmax announce firm order for hydrogen conversion and fuel services for 20 regional aircraft

Universal Hydrogen announced that Avmax Aircraft Leasing placed a firm order to convert 20 regional aircraft to run on green hydrogen. Within this order, Avmax has the flexibility to select between Universal Hydrogen’s ATR 72-600 and Dash 8-300 conversion kits. Further, Universal Hydrogen will provide hydrogen fuel to power both Avmax’s leased and owned fleets. Avmax, a...

CDB Aviation executes sale and leaseback transaction with Jazeera Airways

CDB Aviation signed a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways. The two neos will be configured with 174 economy class seats. The airline is expected to take delivery of the aircraft in September 2022. “We’re thrilled to welcome a new customer in a new jurisdiction for our comp...

VAH announces new seven aircraft purchase agreement of ~ $300 Million

Voyager Aviation Holdings signed a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines. The assets include two Airbus A321-200s, two Boeing 737-800s, two Airbus A320-200 and one Boeing 787-8. The average age is ~8 years with an average remaining lease term...

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 A320neo variant in the airline’s growing fleet. The aircraft, which are fitted with 186 seats in an all-economy layout, will be delivered to Aer Lingus in July 2022 and will become part of the...

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 $60 million to date. Leading German retailer REWE Group as well as German investors Salvia and XAI technologies came on board as new shareholders. They were joined by Japanese conglomerate ITOCHU and p...

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 its highest annual historical profit. In the most difficult period ever in the global airline industry, the airline credits its positive results to its agility and successful strategy which conti...

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 investment, Overair remains on track to fly its all-electric experimental prototype in the second half of 2023. Hanwha continued investment in Overair not only fuels the ongoing development...

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) market.Both Electra and Airflow have been building blown-lift, ultra-short takeoff and landing aircraft to serve new air mobility markets that favor the operating flexibility of a helicopt...

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 will purchase up to 100 ZA600 powertrains to be installed on existing and new Cessna Caravan, DHC-6 Twin Otter, Dornier 228 and HAL-228 aircraft. MONTE and ZeroAvia aim to retrofit the aircraft for c...

BRV China-backed eVTOL start-up Zerog closes nearly RMB10 Million seed round

Zerog, a Chinese eVTOL aircraft developer, recently completed a nearly RMB10 million (USD1.48 million) seed round with BlueRun Ventures China as the sole investor. The financing closes as the Nanjing-based start-up unveils ZG-ONE, its pioneering eVTOL aircraft product for low-altitude tourism. The Zerog is the only publicly known eVTOL firm in China that is...

Surf Air Mobility signs definitive $1.42 Billion merger agreement with Southern Airways Corporation

Surf Air Mobility has entered into a definitive agreement, subject to closing conditions and regulatory approval, which will result in a merger with Southern Airways Corporation, parent company of one of America’s largest commuter airlines. Southern Airways serves 39 cities across the Mid-Atlantic, Gulf South, Rocky Mountains, West Coast, New England, Hawaii, and soon the Far Pacific. T...

REGENT announced a strategic investment from Hawaiian Airlines

REGENT announced that Hawaiian Airlines has agreed to strategically invest in the company to support the initial design of its next generation 100-person capacity all-electric seaglider known as the Monarch. With this investment, Hawaiian Airlines becomes REGENT’s first U.S.-based design partner for the Monarch, which is slated for entry into commercial service by 2028. “Innovative...

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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...