Lilium, developer of the first all-electric vertical take-off and landing jet, has announced a US$192 million financing, including the pricing of an upsized US$75 million underwritten public offering of 57,692,308 of the company’s Class A ordinary shares (the shares), as well as a concurrent US$42 million private placement of 32,146,147 shares and warrants to purchase […]
Lilium announces US$192 million financing Read More »
In the afternoon of July 14, 2023, a second C919 aircraft was officially delivered to China Eastern Airlines. A “three certificate” issuance and delivery ceremony was held for the China Eastern Airlines‘ C919 aircraft in the flight test complex building of the Zhuqiao base of the Commercial Aircraft Corporation of China (COMAC) Relevant personnel and
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Air France-KLM and Apollo Global Management have signed a definitive agreement for Apollo-managed funds and entities (Apollo) to raise a €500 million (£431 million) financing into an operating affiliate of Air France that will own a pool of components dedicated to Air France’s Engineering and Maintenance activities. Under this agreement and subject to customary closing
MTU Maintenance, a global market leader in customised MRO solutions for aero engines, has completed its 4000th shop visit at its Zhuhai location. This sets yet another milestone for 2023, after the official opening of a brand-new test cell last month. MTU Maintenance redelivered a LEAP-1A engine, a product of CFM International, a 50/50 joint company
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Avia Solutions Group has acquired UK-based airline operator Synergy Aviation, later to be rebranded to Ascend Airways. The newly purchased business, which has an Air Operator Certificate (AOC) and Type B Operating License from the UK CAA, will enable the Group to strengthen its position in the UK aviation market. Jonas Janukenas, CEO of Avia
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Delta Air Lines (Delta) is continuing with its plans to streamline its fuel-efficient fleet with the announcement of its execution of options for 12 new Airbus A220 single-aisle jets. Including these options, the American carrier has 70 A220s on order which, when delivered, will see Delta’s fleet grow to 131 A220-family aircraft. “The A220-300 offers
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Global air cargo tonnages and rates continued their long-term decline in the first full week of July, with the pace of the fall in chargeable weight picking up again after briefly slowing in June. Figures for week 27 (3 to 9 July) show a -4% decrease in tonnages compared with the previous week, and average
Global tonnages and rates further decline Read More »
Coulson Aviation has been selected as the only private helicopter operator for the fifth consecutive year to support Southern California’s Quick Reaction Force (QRF) to fight wildfires. Contracting with Los Angeles, Orange and Ventura County fire departments with its fleet of Very Large Helitankers, pilots and support crews, this new contract extends Coulson’s support of
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Two years ago, Swiss-AS initiated its AMOSeTL project, and the first line of code was written in November 2021. The company has released that it has now reached a major milestone with the release of AMOSeTL in AMOS version 23.6 ready for productive use. Swiss-AS has also shared that SunExpress, one of its highly valued
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AJW Group has signed multiple Power-by-the-Hour (PBH) support contracts with Azerbaijan Airlines. These contracts solidify the long-standing relationship between AJW Group and the flag carrier of Azerbaijan, as AJW Group will provide comprehensive support for Azerbaijan Airlines’ fleet of A320ceo, A320neo and B767 aircraft. AJW’s dynamic maintenance programme ensures optimal aircraft performance, leaner processes and
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