24 February 2025

Qanot Sharq Airlines has signed lease agreements for five A321-family aircraft with Air Lease Corporation

Air Lease Corporation signs long-term deal with Qanot Sharq

Aircraft & Engines

Air Lease Corporation has announced long-term lease agreements with Qanot Sharq Airlines for five new Airbus A321neo aircraft, comprising three A321-200neo XLRs and two A321-200neo LRs. The aircraft are scheduled for delivery in 2026 and 2027, sourced from Air Lease’s orderbook with Airbus. “We are pleased to further strengthen our partnership with Qanot Sharq and […]

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JAS completes the acquisition of International Airfreight Associates

JAS completes acquisition of International Airfreight Associates

Financial

JAS has successfully completed its acquisition of International Airfreight Associates B.V. (IAA), a provider of air, ocean and road freight services headquartered in the Netherlands. This milestone follows the signing of the share purchase agreement (SPA) announced in December 2024 and marks the official integration of IAA into the JAS network. “The acquisition of IAA

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V 280 Tiltrotor aircraft

Safran DSI wins flight testing contract for U.S. Army FLRAA

Military & Defense

Safran Defense & Space (Safran DSI) has secured a contract with Bell Textron, a subsidiary of Textron Inc., to provide advanced onboard and ground flight testing solutions for six aircraft under the U.S. Army’s future long-range assault aircraft (FLRAA) programme. This agreement marks a major milestone in the development of next-generation vertical-lift capabilities. Safran DSI

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Ground-breaking ceremony in Guaratinguetá, Brasil © Liebherr

Liebherr breaks ground on major aerospace expansion in Brasil

MRO & Production

On 17 February, Liebherr marked a significant milestone with the ground-breaking ceremony for the expansion of Liebherr Aerospace Brasil LTDA in Guaratinguetá, near São Paulo, Brasil. The event was attended by invited guests, company management, and Liebherr employees, officially launching the construction phase. Over the next decade, Liebherr will invest approximately €45 million (US$47.25 million)

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Pratt & Whitney’s NGAP offering passes first fully digital detailed design review

Pratt & Whitney completes digital design review of NGAP system

Military & Defense

Pratt & Whitney has successfully completed the detailed design review of its Next-Generation Adaptive Propulsion (NGAP) system in collaboration with the U.S. Air Force. This milestone marks a significant step towards developing the XA103 prototype ground demonstrator, which is expected to undergo testing in the late 2020s. The review was conducted entirely in a collaborative

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Lilium Jet © Lilium

Lilium faces second bankruptcy as funding deal collapses

Financial

Lilium, the German electric aircraft manufacturer, has filed for bankruptcy for the second time, marking a significant setback in the burgeoning air taxi industry. This latest insolvency filing comes after a failed €200 million rescue deal, which was intended to revitalise the company’s operations. The promised funds from the European-American investor consortium never materialised, leading

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