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Latest Finance news

Skyports raises USD 23 million in first close of Series B funding round

To tackle climate change by bringing zero-emissions air travel to the region - Avolon & Air Greenland

Avolon has partnered with Air Greenland to bring zero-emissions travel to the region and help tackle the issue of climate change. Avolon and Air Greenland will partner to form a Working Group to assess the opportunity to commercialise zero-emissions air travel in the region. The Worki...

Textron will acquire electric aircraft pioneer Pipistrel

Textron has entered into an agreement to purchase Pipistrel. With Textron, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and h...

Wheels Up announced record revenue for Fourth Quarter 2021

Wheels Up announced financial results for the fourth quarter, which ended December 31, 2021. Fourth Quarter 2021 Highlights: Revenue increased 64% year-over-year to $345 million Active Members grew 31% year-over-year to 12,040 in total Live Flight Legs increased 63% year-over-year to 20,296 in total Net loss increased by $42 million year-over-...

Volocopter raises USD 170 million in first signing of series E financing round

Volocopter has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Composed of funds by new and existing investors, the money raised will assist with the certification of Volocopter’s electric passenger air taxi and is expected to help Volocopter achieve commercial launch in...

Norwegian to lease ten new Boeing 737 MAX 8 aircraft

Norwegian has a long-standing relationship with AerCap, the world largest aviation leasing company. The signed lease agreements also include eight Boeing 737-800 NG, which are part of the 70 aircraft fleet operational for the summer 2022 season. With these additions, Norwegian will have a total fleet of 80 aircraft by the summer of 2023. “The addition of these aircraft will help us a...

Strong full-year 2021 results for Airbus

Airbus reported consolidated Full-Year 2021 financial results and provided guidance for 2022. “2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth. Thanks to the resilience and efforts of our teams, customers and suppliers, we delivered remarkable full-year results,” said Guillaume Faury, Airbus Chief Executive O...

CDB Aviation delivers first A320neo aircraft to flynas

CDB Aviation delivered the first of up to five Airbus A320neo aircraft to a new airline customer, flynas, the Saudi Arabia-based air carrier. “This latest addition of NEO aircraft to flynas’ growing fleet advances its ambitious plans to expand the fleet and increase the scope of its offerings in line with the Vision 2030 program,” denoted Patrick Hannigan, CDB Aviation&rs...

Transformational ride sharing platform in Southeast Asia - Avolon & AirAsia

Avolon announces that AirAsia, has signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 eVTOL aircraft from Avolon. These eVTOL aircraft will allow AirAsia to further revolutionise air travel by providing advanced air mobility to a whole new range of passengers, transforming how we all connect more efficiently in our everyday lives. In addition to the eVTOL...

SmartLynx adds Boeing 737 MAX 8 to the fleet

A significant milestone in SmartLynx Airlines expansion. The leading ACMI and charter operator has signed an agreement with SMBC Aviation Capital to lease two Boeing 737 MAX 8 aircraft to meet growing demand from European and overseas markets. This deal launches a successful partnership between the airline and one of the biggest global lessors, with deliveries of the aircraft to SmartLynx Air...

0-G Launch and Global Aviation Ventures joining Forces for Zero-Gravity flights

0-G Launch, a Washington DC-based provider of the Space Jet™ aircraft for microgravity services and horizontal rocket air-launch, and Global Aviation Ventures (GAV), a firm with extensive expertise in the growth, development, funding and exit of startups in the aviation, aerospace and defense sectors, announce the signature of their agreement to join forces on deploying a global fl...

New investment in Bye Aerospace - Fuyo Lease Group

Fuyo General Lease Co., Ltd. has undertaken a third-party allocation of new shares in Bye Aerospace Inc., a developer of small electric aircraft; and has entered into a capital alliance to support its business. Amid global demand for measures to combat climate change, the aviation industry is also making efforts to achieve decarbonization, such as the International Air Transport Associat...

Wheels Up announces agreement to acquire Air Partner

Wheels Up has reached an agreement to acquire Air Partner, a U.K.-based global aviation services group with operations in 18 locations and across four continents. Under the terms of the transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $107 million....

Wisk Aero secures $450 million from Boeing to advance certified autonomous electric flight

Wisk has secured $450 million in funding from The Boeing Company, making it one of the most well-funded AAM companies in the world. Combined with previous funding, this investment reinforces Wisk’s strong position as a privately-backed AAM leader and highlights the strength of Wisk’s strategic partnership with Boeing and their collaboration on critical technology development. T...

Fearless Forecasts 2022 predicts continued aviation recovery - Avolon

Avolon issued its annual outlook paper for 2022 titled ‘Rise Above’. Co-authored by Jim Morrison, Head of Portfolio Management, and Rosemarie O’Leary, Head of Counterparty Risk, the paper reviews the key trends in the aviation industry for airlines, manufacturers, and lessors, identifying themes that will shape the year ahead and setting out Avolon’s ‘Fearle...

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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...

Top of the week

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...