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Dubai Aerospace Enterprise Orders 15 Boeing 737 MAX Jets

Boeing forecasts sufficient capital for aviation finance

Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate. "Financiers and investors understand the industry's resilience and the long-...

flypop signs multiple aircraft A330-300 lease deal with Avolon

flypop announced that is has signed a multiple aircraft A330-300 lease deal with Avolon, the world’s third largest aircraft lessor. Based in Ireland, Avolon provides lease and lease management services to airlines and airlines investors globally. The flypop team have been in discussions w...

Development of Lilium 7-Seater electric vertical take-off and landing jet

Lilium has entered into a definitive business combination agreement with Qell Acquisition Corp., led by Barry Engle, a former president of General Motors North America, is focused on developing next-generation, sustainable mobility. Upon closing of the transaction, the company will be called Lilium, and it is anticipated that ordinary shares will be listed on the Nasdaq under the ticker...

CDB Aviation and SAS expand relationship with new transaction for 4 Airbus aircraft

CDB Aviation announced a new sales and leaseback transaction for a fleet of four Airbus aircraft with its existing customer, Scandinavia’s flagship airline, SAS. The agreement incorporates three A320neo and one A350-900 aircraft. The carrier already took delivery of the A350, with the A320neo aircraft expected to be delivered in the near term. “We are pleased to expand our...

Embraer Earnings Results 4th Quarter and Fiscal Year 2020

The Company operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended December 31, 2020 (4Q20), September 30, 2020 (3Q20) and December 31, 2019 (4Q19), are derived from the unaudited financial statements, except a...

Largest financing deal in history of Saudi aviation sector - Saudi Arabian Airlines

Under the patronage of H.E. Minister of Transport, Chairman of the Saudi Arabian Airlines Corporation, Engr. Saleh bin Nasser Al Jasser, Saudi Arabian Airlines Corporation has signed a major financing agreement worth SAR 11.2 billion (USD 3 billion), the largest of its kind in Saudi Arabia’s aviation sector history. The agreement, which covers aircraft financing requirements, was signed...

Investment Firm 777 Partners Orders 24 Boeing 737 MAX Airplanes

Boeing and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami-based company will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world. In addition to aircraft leasing, 777 Partners strategically inv...

Coronavirus crisis - Lufthansa Technik revenue drop by 40%

The crisis in the aviation industry brought on by the coronavirus pandemic has hit Lufthansa Technik AG hard. In fiscal year 2020, revenue* plummeted by 43% year-on-year to €3,747 million (prior year: €6,572 million). Adjusted EBIT dropped well into the red to €-383 million (prior year: €463 million). In the second quarter of 2020, the pandemic led to a temporary suspension...

RUAG International completes sale of RUAG Aerospace Services GmbH to General Atomics Europe

RUAG International has transferred all shares in RUAG Aerospace Services GmbH to General Atomics Europe (GA-Europe). GA-Europe will take over the maintenance activities for private aircraft and military aircraft as well as the production and maintenance of the Dornier 228 aircraft at the Oberpfaffenhofen site as of 1 March 2021. With the transfer of ownership (contractual closing) from RUA...

Volocopter raised €200 Million in Series D Funding Round

Volocopter announced the signing of their Series D funding round today, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first...

Etihad Airways accelerates transformation plan to mitigate impact of pandemic

Etihad Airways has announced its financial and operating results for 2020, recording a 76% fall in passengers carried throughout the year (4.2 million, compared to 17.5 million in 2019) as a result of lower demand and reduced flight capacity caused by the unparalleled global downturn in commercial aviation. As a consequence of the Covid pandemic and ensuing flight and travel restrictions,...

Strategic American Express Ventures investment in Boom Supersonic

Boom Supersonic announced a strategic investment from American Express Ventures. The funds will support the continued development of Boom's flagship product, the supersonic airliner Overture. Overture is Boom's 65- to 88-seat supersonic airliner, capable of running on 100% sustainable aviation fuel. The supersonic aircraft is slated to roll out in 2025 and begin commercial flight...

€500 million Safran loan agreement with European Investment Bank to finance research on future aircraft propulsion systems

The European Investment Bank has given Safran a 500 million euro credit line to finance its research into innovative propulsion systems for the next generation of single-aisle commercial airplanes. This marks a major step forward in Safran's roadmap to achieve carbon-free air transport. The loan agreement underscores the purpose of the EIB, which recently redefined itself as a "...

Resilient sales and deliveries - Daher Kodiak and TBM turboprop-powered aircraft

Daher Aircraft Division announced its 2020 business activity, with the deliveries of 53 aircraft from the Kodiak and TBM single-engine turboprop product lines, as well as orders for another 50 of these aircraft to be delivered in 2021. Last year’s deliveries were led by the TBM 940 and TBM 910, with 42 provided primarily to pilot-owners. The majority of TBMs were for North American c...

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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...