Skyports raises US$23 million in first close of Series B funding round

Skyports, the electric air taxi infrastructure and drone services provider, has raised US$23 million (£17.4 million) in the first close of its Series B funding round. The capital, from a combination of new and existing investors, will enable Skyports to consolidate its position as a global leader in the advanced air mobility infrastructure and drone […]

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Evonik invests in new ROHACELL® production facility

MRO & Production

Evonik is investing a significant double-digit million Euro sum in a new, modern production facility for its high-performance foams for fiber composites manufactured in Darmstadt, Germany. At the same time, parts of the original production plant, which went into operation in 1972, will be shut down or extensively modernised. These measures will enable Evonik to

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IAI completes delivery of dozens of SATCOM terminals for fighter aircraft

Military & Defense, Uncategorized

Israel Aerospace Industries (IAI) has completed the delivery of dozens of SATCOM (Satellite Communication) terminals with a conformal electronically-steered antenna for fighter aircraft. The SATCOM terminals are based on AESA (Active Electronic Scanned Array) technology and are installed on advanced 4.5 generation Western fighter jets. IAI’s beyond line-of-sight solution ensures seamless voice and data communications,

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IATA lauches first industry-developed passenger CO2 calculation methodology

Other News

The International Air Transport Association (IATA) has launched the IATA Recommended Practice Per-Passenger CO2 Calculation Methodology. IATA’s Methodology, using verified airline operational data, provides the most accurate calculation methodology for the industry to quantify CO2 emissions per passenger for a specific flight. As travelers, corporate travel managers and travel agents are increasingly demanding precise flight

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Turkish Technic posts 2021 financial results

Financial

Turkish Technic, the MRO provider with headquarters in Istanbul, Turkey, has released its financial results for 2021 which marked a successful growth and strong strategic acceleration compared to the previous year. The company recorded a 15.7% growth compared to 2020 with US$1.034 billion (£783 million) in revenue and increased its market share to 1.6%. Showing

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VINCI Airports sells stake in Stockholm Skavsta Airport management company to Arlandastad Group

Financial

Private airport operator VINCI Airports and Arlandastad Group AB, a Swedish real estate group, have signed a purchase agreement for the 90.1% stake in Stockholm Skavsta Flygplats AB held by VINCI Airports, owner of Skavsta Airport (Stockholm’s secondary airport). The agreement is expected to be completed by April 2022 after fulfilment of the conditions precedent.

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NAC delivers one ATR 72-600 to Loganair

Aircraft & Engines

Nordic Aviation Capital (NAC) has delivered one ATR 72-600 aircraft, MSN 1237, to Loganair on lease. The 72-seat ATR, which will be registered G-LMTD and named Clan Duncan in service with Loganair, will become the airline’s tenth ATR and forms part of its continuing fleet renewal programme. Loganair is the one of the largest regional

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DC Aviation completes ten-year check on Global 5000

MRO & Production

DC Aviation’s maintenance centre at Stuttgart Airport has successfully completed a ten-year check on a Global 5000 aircraft, including an avionics and internet upgrade as well as cabin refurbishment. The extensive maintenance work included a general overhaul of the nose and main landing gear, including installation and removal. The airframe and flap fairings were partially

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China Eastern Airlines grounds all 109 Boeing 737-800s after fatal crash in mountains

Aircraft & Engines, Top Stories

A China Eastern Airlines Boeing 737-800, flight MU5735, with 123 passengers and nine crew onboard has crashed in a mountainous region of southern China. Early reports suggest that there are no survivors, while Chinese state television reported, citing China Eastern Airlines, that there were no foreigners on the flight. As a consequence, China Eastern Airlines

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Leonardo to sell Global SATCOM business for US$450 million

Financial

Leonardo’s US subsidiary Leonardo DRS has signed a definitive agreement to sell its Global Enterprise Solutions business (GES) to SES for US$450 million, gross of taxes, subject to customary working capital adjustments. Closing of the deal is targeted for the second half of 2022 and is subject to customary regulatory approvals, including Hart-Scott-Rodino and the

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Heike Tamm

Skyports raises US$23 million in first close of Series B funding round

Evonik invests in new ROHACELL® production facility

IAI completes delivery of dozens of SATCOM terminals for fighter aircraft

IATA lauches first industry-developed passenger CO2 calculation methodology

Turkish Technic posts 2021 financial results

VINCI Airports sells stake in Stockholm Skavsta Airport management company to Arlandastad Group

NAC delivers one ATR 72-600 to Loganair

DC Aviation completes ten-year check on Global 5000

China Eastern Airlines grounds all 109 Boeing 737-800s after fatal crash in mountains

Leonardo to sell Global SATCOM business for US$450 million

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