Korean Air plans to invest KRW 1.2 trillion in the construction of a cutting-edge Urban Air Mobility (UAM) and Aviation Safety R&D Centre in Bucheon, Gyeonggi Province. The ambitious initiative marks a major step in the airline’s long-term vision to lead future mobility and aerospace innovation in South Korea, with the facility set to become […]
Korean Air to build aerospace hub in Bucheon Read More »
Air France-KLM reported a strong first quarter, with 21.8 million passengers carried—an increase of 4.5% compared to the same period last year. The group saw capacity rise by 3.8% and traffic grow by 3.3%, resulting in a broadly stable load factor of 86.0%. Unit revenue per available seat kilometre (ASK) rose by 3.0% at constant
Air France-KLM sees passenger growth and strong cash flow in Q1 Read More »
Aviation Capital Group LLC (ACG) has signed a definitive agreement with Avolon Aerospace Leasing (Avolon) to acquire a portfolio of 20 aircraft. The deal comprises 16 narrow-body and four wide-body aircraft, with a strong emphasis on new-technology types—12 of the narrow-body and all of the wide-body aircraft fall into this category. The portfolio being acquired
ACG to acquire 20 aircraft from Avolon in strategic portfolio expansion Read More »
Ashland Place Finance LLC (Ashland Place), a commercial aviation financing platform, has completed two new financing facilities for Sirius Aviation Capital Holdings Limited (Sirius), an aircraft leasing company based in Abu Dhabi Global Market. The agreements relate to two Airbus A320-200 aircraft currently on lease to Peach Aviation Limited in Japan and Volaris in Mexico.
Ashland Place finalises two aircraft financing deals for Sirius Read More »
Heart Aerospace, the Swedish hybrid-electric aircraft manufacturer, has announced it is relocating its corporate headquarters from Gothenburg, Sweden, to Los Angeles, California. The strategic shift aims to support the development and testing of its forthcoming aircraft prototypes, particularly the experimental Heart X1 and the future X2 model. The company’s X1 prototype, which is scheduled for
Heart Aerospace relocates headquarters to Los Angeles Read More »
Willis Lease Finance Corporation (WLFC), the prominent lessor of commercial aircraft engines and global provider of aviation services, has announced the successful closing of three Japanese operating lease with call option (JOLCO) transactions, securing a total of US$64.8 million in financing. Two of the financings were completed in the first quarter of 2025, covering a
WLFC closes US$64.8 million in JOLCO engine financing deals Read More »
