Avelo Airlines has announced the finalisation of a new funding round, marking a turning point in its trajectory. This is the largest capital injection since its initial Series A and is intended to support the airline’s expansion in domestic and Caribbean markets. The investment, provided by a new strategic partner, underscores confidence in the company’s
CSI Leasing, Inc. (CSI), an independent equipment leasing company, has announced the acquisition of a majority stake in Aeroservicios, a provider of ground support equipment (GSE) for nearly 30 years. Based in Miami, Aeroservicios specialises in reconditioning and overhauling used GSE to a near-new standard, as well as selling, hiring and leasing a wide range
Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield have announced their definitive agreement to acquire Air Lease Corporation (Air Lease), a aircraft lessor founded by Steven F. Udvar-Házy and John L. Plueger, with a portfolio primarily comprising new-technology aircraft. Upon completion, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and
Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide, and Bain Capital, have announced the closing of Titan Aircraft Investments II (TAI 2), a new freighter aircraft investment platform. TAI 2 launches with a capital commitment of US$410 million from Bain Capital and Atlas, further scaling the firms’ joint venture platform, which is focused on
Landing Gear Technologies (LGT), has announced the sale of a majority stake in the company to Setna iO, an established aircraft parts supplier headquartered in Chicago. The strategic transaction is intended to accelerate LGT’s growth whilst safeguarding its core values and operational excellence. Under the new structure, Raul and Ibis Cruz-Alvarez together with Roly Estrada
Spirit Aviation Holdings, the parent company of Spirit Airlines, has voluntarily entered the Chapter 11 restructuring process in the United States in a move aimed at strengthening its long-term financial position. The company said the decision was taken to establish a more secure foundation for future growth. Chapter 11 is a court-supervised process that enables
AIP Capital (AIP), an alternative investment manager specialising in asset-based finance, and BeYoke Capital, a global aviation specialty investment platform headquartered in Japan, have announced a strategic partnership aimed at creating new investment opportunities for Japanese investors. The collaboration will focus on aircraft and engine investment initiatives using Japanese Operating Lease (JOL), Japanese Operating Lease
Menzies Aviation, an Agility Global company, has completed the US$305 million acquisition of G2 Secure Staff (G2) a major aviation services provider in the United States. The deal strengthens Menzies’ position as the world’s largest aviation services provider, now operating at 350 airports across 65 countries with a workforce of 65,000. It is expected to
General Atomics has announced a CA$20 million (US$14.51), ten-year investment in Fusion Fuel Cycles, Inc. (FFC), a Canadian joint venture formed by Canadian Nuclear Laboratories (CNL) and Kyoto Fusioneering. The partnership will support the development of UNITY-2, a test facility dedicated to advancing the tritium fuel cycle, considered one of the most challenging but vital
Kenya Airways PLC has reported its financial results for the six months ending June 30, 2025, a period defined by considerable operational and financial turbulence. Central to the difficulties was the temporary grounding of three Boeing 787-8 Dreamliner aircraft, amounting to a third of the airline’s wide-body fleet. The grounding, caused by global supply chain
