Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement with K2 Aviation, a specialist investor in mid- to end-of-life aircraft. The deal involves the sale of seven Airbus and Boeing aircraft currently leased to six airline customers. As part of the agreement, DAE will also provide ongoing servicing for the assets sold. […]
DAE to sell seven aircraft to K2 Aviation Read More »
Safran Aircraft Engines has completed the acquisition of Component Repair Technologies (CRT), a specialist in aircraft engine parts repair. Based in Mentor, Ohio, CRT employs over 450 personnel and will now serve as Safran’s centre of excellence for repairing large engine components, such as cases and rotating parts, within the Americas. This strategic move aims
Safran Aircraft Engines completes acquisition of CRT Read More »
Lockheed Martin has been awarded a US$270 million contract by the U.S. Air Force to integrate next-generation infrared defensive sensors on the F-22 Raptor. The system, known as the Infrared Defensive System (IRDS), features TacIRST sensors that enhance both survivability and lethality for the aircraft. This distributed set of embedded sensors is designed to provide
Lockheed Martin to update F-22 Raptor with infrared defensive sensors Read More »
Rory McQueen has joined Megacorp Aviation as Chief Financial Officer. His appointment represents a key step in the company’s ongoing development, where he will oversee financial strategy and operations across Megacorp Aviation and its subsidiaries, including the luxury private jet operator OPUL Jets. McQueen’s arrival highlights Megacorp’s dedication to accelerating growth, improving financial performance, and
Rory McQueen joins Megacorp Aviation as Chief Financial Officer Read More »
Vertical Aerospace, a global aerospace and technology firm, has successfully closed its underwritten public offering, raising gross proceeds of US$90 million. This marks a significant increase from its initial target of US$75 million, driven by strong investor interest. Over US$60 million of the funds came from new investors, while US$25 million was contributed by Mudrick
Vertical Aerospace raises US$90 million to advance electric aviation Read More »
The initial report on last month’s Jeju Air crash in South Korea has confirmed that bird strikes contributed to the accident, though the exact cause remains under investigation. The crash, which occurred on December 29, 2024, claimed 179 lives, leaving only two survivors among the 181 passengers and crew. Released on January 27, 2025, the
Bird strikes confirmed in Jeju Air crash preliminary report Read More »
