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Britten Norman secures new investment

Rolls-Royce announces investment in large engine assembly, test and shop visit capacity

Rolls-Royce is investing in its assembly, test and shop visit capacity in the UK and Germany to address growing long-term demand for new civil large engines and improve customer aftermarket support services for its global Trent fleet. As outlined at last year’ Capital Markets Day, Ro...

GE Aerospace to invest over $650M in manufacturing facilities, supply chain in 2024

GE Aerospace announced plans to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers. H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace, commented:&...

Airbus Helicopters and SKYCO Leasing sign for six H175 helicopters

Airbus Helicopters and SKYCO International Financial Leasing, a state-owned enterprise belonging to China's Guangdong Province, have signed a contract for six H175 helicopters. Entrusted by the Guangdong Provincial Government, SKYCO Leasing is in charge of leading the aviation industry development in the province. The versatile H175 helicopters acquired by SKYCO Leasing will be deplo...

Pipistrel Velis Electro serial number 100 enters service

Pipistrel announced completed production of its 100th Velis Electro, world’s first type-certified electric aircraft, marking a significant milestone.Velis Electro serial number 100 has been delivered to valued customer Green Aerolease, French sustainable aircraft rental business with ambitions to accelerate the environmental transition of the aviation industry across Euro...

Elixir Aircraft closes financing for the next 5 years with a budget of 40 Millions euros

Elixir Aircraft has finalized its capital financing of 40 million euros over the next five years. The financing was completed by raising funds from several investors, including Innovacom, Bpifrance and the Nouvelle-Aquitaine Region. These funds will be allocated to the construction of a new factory in La Rochelle, as well as to the recruitment of personnel to expedite delivery rates. The airc...

Financial year 2023 a superlative one for Pilatus Aircraft

The 2023 financial year was marked by major successes for Pilatus. Thanks to high, unbroken demand, 148 aircraft were delivered despite the ongoing challenges of the operating environment. With total sales of 1.478 billion Swiss francs, operating income of 240 million Swiss francs and new orders worth 1.513 billion Swiss francs, Pilatus closed the past year with record results. Hansueli Loosli,...

Safran invests in Avnos, at the forefront of innovation in CO2 capture

Safran, through Safran Corporate Ventures, has invested in Avnos Inc., a California-based startup specializing in CO2 capture from ambient air in a process called Direct Air Capture. The other investors in this funding round are NextEra Energy Resources, LLC, Shell Ventures, ConocoPhillips, Jet Blue Ventures, Envisioning Partners and Rusheen Capital Management. Direct Air Capture is a vi...

Green Aerolease expands its electric aircraft rental offer with new-generation thermal aircraft

Green Aerolease, Europe leading electric aircraft rental company, is extending its offer to include low-consumption thermal-powered flight training aircraft (-50% compared with historical aircraft). Residual CO2 emissions are offset by the use of electric aircraft (via the Aero4Good association). This allows flight clubs and professional flight schools to offer a 0 net emission flig...

Visionary eVTOL influencers seek joint venture partner for wingless personal aircraft using NASA-proven propulsion

The planned joint-venture in Urban Air Mobility space will complete current development work on the Epiphany Transporter, which has recently achieved crucial preliminary design review, then certify the aircraft under the FAA's new and friendlier Light Sport Aircraft category. In lieu of long, burdensome wings, the compact advanced, door-to-door vehicle configuration vaunts morph...

AVOLON: lessor orderbooks to be in high demand

The value of new aircraft deliveries is expected to rise by over 15% to c.US$100 billion in 2024, according to a paper published today by Avolon, a leading global aviation finance company. The delivery of over 1,450 new large commercial aircraft will help drive airlines’ passenger revenues up 12% to US$717 billion. Airlines’ net profit is projected to rise by 10% to US$26 billion. ...

flyExclusive announced $25 million strategic investment from ETG FE

flyExclusive announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global. As part of its strategic initiatives to accelerate operational excellence, grow the business, and execute its strategic plan to become the nation’s first fully vertically integrated private aviation company, flyExclus...

Strong leasing activity underpinned by airlines' demand for aircraft and capital

Avolonissues an update for the fourth quarter and 2023 full year. Andy Cronin, CEO Avolon, commented: “Strengthening market conditions allowed us to place our orderbook and used aircraft at accretive lease rates while underwriting US$4bn of new volume through the sale and leaseback market. Our balance sheet scale allowed us to order a further 200 new technology aircraft w...

PIF invests in Saudia Technic to establish MRO facility

The Public Investment Fund (PIF) agreed to invest in Saudia Technic, a subsidiary of Saudia Group. Formerly known as Saudia Aerospace Engineering Industries, Saudia Technic has a long-established presence and rich legacy in Saudi Arabia, tracing its roots back to the 1960s. It provides services across key aviation maintenance, repair and overhaul segments, including line, base, component...

flyExclusive and EG Acquisition Corporation announced closing of business combination

flyExclusive and EG Acquisition Corp. announced the completion of their previously announced business combination. Upon the completion of the business combination, the combined company has been renamed flyExclusive, Inc. Beginning on December 28, 2023, the Company’s common stock are expected to begin trading on the NYSE American under the new ticker symbol “FLYX”. The b...

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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

Qantas Group strengthens regional network with strategic turboprop fleet investment

Qantas has announced a major investment in its De Havilland Dash 8 turboprop fleet, reinforcing its long-term commitment to maintaining reliable air links across regional Australia. As part...

Embraer reports record US$35.7 billion backlog in Q3 2026, marking a new all-time high

Embraer reported a record backlog of US$35.7 billion in the third quarter of 2026, surpassing its previous all-time high by 3% quarter-over-quarter and increasing 14% compared with the...